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<ul><li><keyword id="3119261" type="PERSON" weightage="20" keywordseo="IvyCamp">Ivycamp</keyword>, the incubation arm of Ivycap ventures, has 5000 IIT/IIM alumni on board and 4000 <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword>. </li><li>They are working with corporates to help them find the right startups to work with. </li><li>Ivycamp has worked with the likes of Airbus, Yes Bank, HDFC Bank, Sonata and more.</li></ul>In India, the startup craze was led by the graduates of IITs and IIMs. Investors too got on a call with you easier to speak funding if you were an IIT or IIM alum. Even today, stories of IIT graduates building a new startup are quite common. And this became the premise of IvyCamp, a platform from Ivycap ventures which helps startups connect with investors and corporates, leveraging the IIT, IIM alumni network. Vikram Gupta and Anju Gupta, friends from IIT Delhi, once got talking about the effective alumni networks abroad especially in the Bay Area. They launched IvyCap ventures in 2011 with an aim to be driven by IIT alumni and one of its key investors too was the IIT alumni trust. In 2014, IvyCamp was launched which served as a platform to connect alumni, startup founders and corporates for investments, mentorship and partnership. “A lot of the alumni were approaching us as to how they could be more involved in the Indian startup ecosystem. We wanted to create an engagement platform that could leverage this vast alumni network,” said Gupta. Today, they have 5000 alums on board, 4000 startups and a global mentor and investor network. Two years ago, they started working with corporates. “Airbus approached us to work with them for their accelerator because we had the domain expertise to evaluate startups,” said Gupta. And that became another goldmine of projects, for corporates lined up for more and more accelerator programs and associations. IvyCamp recently partnered with HDFC Life to launch a program called Futurance, to create business opportunities in insurance. Over the years, the perspective of both startups and corporates have changed. Gupta said that startups have evolved and are no longer restricting their interests with investors and VC funds. They are now more eager to work with corporates to get the brand name, domain expertise and access to customers. On the other side, corporates too face many problems. “They have an R&amp;D arm but it doesn’t work as fast as the startup. They are realising that there is no readymade fixed solutions to the challenges and they will have to work with startups to get tailormade solutions,” said Gupta.

This IIT and IIM alumni-backed fund is now pushing corporates to invest in and mentor Indian startups

One of the biggest <keyword id="6357097" type="COMPANY" weightage="100" keywordseo="venture-capital">Venture Capital</keyword> Firms <keyword id="720079" type="ORGANIZATION" weightage="100" keywordseo="IvyCap-Ventures">IvyCap Ventures</keyword>, through a new wing called <keyword id="3119261" type="UNKNOWN" weightage="100" keywordseo="IvyCamp">IvyCamp</keyword>, is trying to engage with IITs, IIMs, BITs and ISB as well as industry experts at multiple levels to foster a startup ecosystem in India. 
 
It is connecting alumni across educational institutions to build a network of mentors, investors, and experts, but at the same time also making connections to ensure the guidance and money are pouring into the right startups and innovations arising out of the campuses. For this, the company has been going to Indian B-schools for the past few years now, trying to make relationships with incubators here and helping startups or innovations (from colleges as well as outside) find the right match and resources. 
 
So basically, the potential ideas or entrepreneurs are linked to IvyCamp's startups/investors/mentors network or corporations so that innovations from campuses are more visible, they can be commercialized and startups can leap onto the next level. 
 While on a tour to <keyword id="60501" type="COMPANY" weightage="100" keywordseo="IIM-Bangalore">IIM Bangalore</keyword>, we interviewed the Vice President of IvyCamp who is driving this objective in India and globally: 
 
 
 
Here are some more insights from the interview on IvyCamp's work so far: 
 
Holding Events On Campus 
 
Adhiraj Banerjee told Business Insider - "We are doing continuous events at IITs and IIMs and now we are headed to couple of other institutions as well. The idea here is to give the right direction to early stage entrepreneurs who need lot of mentoring in basic areas like how to build your B-plan, how to do your valuation and a sounding board for them." 
 
Setting up incubators 
 
As a part of their objective to help young innovators and entrepreneurs, IvyCamp is conducting education programmes with colleges and also setting up its own incubators. 
 
"Just in the last two weeks, we have signed 14 incubators. We are setting incubators in Uttar Pradesh and Karnataka and the idea is to not restrict the ecosystem to just the campuses. That means we will be doing the exact same things we are doing in colleges outside as well like pitch events, mentor events, education programmes etc," said Adhiraj. 
 
Tie-up with <keyword id="3558756" type="UNKNOWN" weightage="100" keywordseo="nasscom-10k-startups-programme">Nasscom 10k Startups Programme</keyword> 
 
IvyCamp felt the success of IoT startups coming out of India needed a consolidated boost. Adhiraj said – “This tie-up was therefore done to evangelize IoT and to help startups in this space in India get access to manufacturing units, connect with the industry who may use their applications and also connect them to the foreign governments.” 
 
Efforts to bring angel investors onboard 
 
Another way IvyCamp is trying to help startups is by roping in angel investors along with IvyCap Ventures investing in IvyCamp startups. 
“Sometimes we find startups during events or through our outreach programmes which we can be invested in. We have invested in two such startups recently and we are looking to increase that by bringing higher number of investors on the platform.” 
 
It seems like B-school students who wish to become entrepreneurs now have a big reason to smile!

VC Firm IvyCap is going into IITs, IIMs and ISB to fund startups.
Yes, Christmas just came early this year

IvyCap Ventures arm <keyword id="3119261" type="UNKNOWN" weightage="100" keywordseo="IvyCamp">Ivycamp</keyword> has tied up with a business incubator of <keyword id="61708" type="COMPANY" weightage="100" keywordseo="IIT-Bombay">IIT Bombay</keyword> -- Society for Innovation and <keyword id="107737" type="ORGANIZATION" weightage="100" keywordseo="Entrepreneurship">Entrepreneurship</keyword> -- for mentorship and funding ventures from the western region. 

	The collaboration will organise joint workshops for over 2,000 start-ups from Mumbai in 2016 and ventures identified under this initiative will also be provided funds from a corpus of Rs 60 crore by IvyCap Ventures, a statement today said. 
 

	It added that IvyCamp will connect industry participants to students and entrepreneurs to provide guidance on formulating and strengthening business models. 
 

	"One of the key activities under this partnership will be to host an annual IIT-IIM Entrepreneurship and Innovation Conclave. The conclave will be held in Mumbai in April 2016," the statement read.

	 
	One of the key activities under this partnership will be to host an annual IIT-IIM Entrepreneurship and Innovation Conclave. The conclave will be held in Mumbai during April 2016 to engage the Community across India's premier Educational Institutions focused on growing innovation and entrepreneurship, to promote Alumni engagement, and to launch new features of the technology based platform. 
 

	IvyCamp is India's first unified technology based platform for innovation and entrepreneurship. Its parent - IvyCap Ventures is raising its second fund of Rs 600 crs. IvyCap has raised and deployed Rs 250 crore in its maiden fund last year. Speaking on the occasion, Dr. Anju Gupta, Co-founder and President of IvyCamp said, "We are happy to partner with SINE as this will not only support entrepreneurs but actually build knowledge networks across student and the global alumni network of IIT Bombay. 
	 
	(Impact credit: BCCL)

IvyCap arm, IIT-B biz incubator in pact for funding ventures

When I entered the <keyword id="60501" type="COMPANY" weightage="20" keywordseo="IIM-Bangalore">IIM Bangalore</keyword> campus yesterday, right from the entry gates to the registration desk, at every point my mind asked a question where I was supposed to go, there was either a smiling IIM-B staff to escort or signboards to direct me. 
 I was aware that it is one of the biggest <keyword id="3549661" type="UNKNOWN" weightage="20" keywordseo="Startup-summit">startup summit</keyword> taking place in the country which is why my Editor flew me down to cover it, but having visited a few events in my journalistic career, I was still expecting arrangements here to be shoddy considering it was a student-led summit. Blame this cynicism for some of my past no-so-good experiences. Once down here, however, I was in for a pleasant surprise. 
 
Walking down the lush green lanes at IIM to the Main Building where <a href="http://www.businessinsider.in/IIM-Bangalore-unveils-Eximius-with-some-of-the-biggest-names-from-the-startup-industry/articleshow/53571472.cms">'Eximius'</a> was underway, I already knew I was going to not just just a big, but also a well-managed event. Often, when going for such summits, one sails through a comfortable experience but fails to acknowledge the efforts that go behind putting the event together. And so, I decided to uncover ‘Behind the Scenes’ to understand what must have gone behind putting together Eximius – an event that has 150 college partners, over 100 plus corporate partners, 6 stalwarts as keynote speakers (including former Finance Minister <keyword id="43940" type="PERSON" weightage="20" keywordseo="P-Chidambaram">P Chidambaram</keyword>, Rang De Basanti fame Kunal Kapoor, Actor-Singer-Theatre Director Mr <keyword id="127525" type="PERSON" weightage="20" keywordseo="Piyush-Mishra">Piyush Mishra</keyword> among others). 
 
It’s no child’s play really to host 37 events featuring 150 startups in a mix of sessions - mentorship, on-the-spot events like quiz and simulation games, workshops and <a href="http://www.businessinsider.in/Bzzwings-The-Biggest-B-Plan-Competition-this-year-is-underway-at-IIM-B-and-the-Top-2-Startups-will-get-Funding-upto-Rs-40-lakh/articleshow/53581937.cms">B-plan contests </a>where over a whopping Rs 1 crore is up for grabs! Moreover, some of these sessions have had several rounds before Eximius started, and will have several others after this summit ends. It means continued and doubled efforts for the Organizing Team comprising 33 members - all first and second year Post Graduate Program students. The show they put up is for everyone to see and relish, but the journey to this was a rather difficult one. 
 
During my interaction with the organizers, I learnt that full-fledged work on planning the event began earlier this year, around the same time when several PGP students were underdoing rigorous internships. Kushal Singhal, the Sponsorship Head for Eximius, said, “We were working for the event despite putting 16 hours each day into our internships. We would just go to our rooms to get some sleep.” 
 
Nishank Bidamia, another core team member, said, “Event planning starts 5-6 month in advance and the idea is to conceptualize the event well. We have to make sure the problems statements are conducive enough for participants, the kind of crowd that we get are good for sponsors and several other such things. At the same time, we didn’t want to lose the entrepreneurship focus because our main intention all along was to keep Eximius more entrepreneurship-friendly this year.” 
 
However, real introspection on how to conduct Eximius 2016 had begun last August itself, when the 8th edition took place. 
 
Nishank explained how - "Last year, the first thing we did after Eximius got over was to review the event. We started telling ourselves where we had gone wrong. On the basis of this, we decided to improve on our mistakes in the next edition. So, we first went about solving these problems before planning anything new.” 
 
Once done, the team came up with some new sessions on social entrepreneurship, focusing on technology and digital marketing. Nishank took pride in adding that their hard work helped triple the prize money in competitions this year. No wonder, this team estimated the footfalls to be close to over 5,000 for just a two-day event. 
 
The Organizing team roped in two big incubators– NSRCEL which has a long term association as it works as IIM-B’s incubation cell, and Villgro which came onboard this year and claimed it was ready to provide incubation up to Rs 65 lakh if pitches by social entrepreneurs would compel them to. 
 “There are opportunities of up to Rs 1 crore for people to grab in our event. Besides that we also have IBM and <keyword id="1397792" type="UNKNOWN" weightage="20" keywordseo="Kalaari-Capital">Kalaari Capital</keyword> who will also be viewing entries. There again is a chance of getting VC funding here if startups impress them. We also started a monthly initiative called B-starters last year to promote entrepreneurship within the college. IvyCamp, a part of IvyVentures, was brought on-board so that people who want to be entrepreneurs in college and who aspire to be one in and around the college could get an opportunity to get access to mentors. We are carrying this association with them in Eximius where startups would get a chance to be mentored by the Ivy mentors,” said Nishank. 
 
The most startling fact is that they went contacting companies using social media. Kushal said, “We contacted companies through Linkedin. The IIM tag and the success of the previous Eximius editions helped us a lot in getting companies to sponsor the event.” 
 
Eximius has been growing by 15-20 per cent every year, and there was no reason for the organizing team who started looking for sponsorships in February this year, to believe that they would fail in their endeavour. But again, the journey was not a cakewalk and their sportsmanship reflects as they shared details with Business Insider. 
 
Kaushal Kishore, the Secretary of ENI club at IIM Bangalore, said, “For each sponsor we contacted, we had a list of at least 15-20 companies who rejected our proposal. Almost 35 companies rejected out proposal. Sponsorships side, we got rejections from on the event side as well. So, we must have contacted at least 100 or more personalities for speaker sessions. Some rejected the offer, some agreed but the time of the event did not suit them and so they turned the offer down, till ultimately when we zeroed in on the 10 eminent speakers that we have now.” 
 
Even as it was a nerve-wracking moment for these students, the best part is they all laughed about it while narrating their experience. Just three days before the D-Day as I got chatting with them, they were excited and nervous both. 
 
Kushal said – “We attend classes till 6 pm, then assemble for the event work. We stay up till 6 am in the morning. Even if we there’s time to sleep, we can’t.” 
 
But almost all of them pitched in to tell me what fun time they had attending classes, carrying out internships and doing submissions while working crazily for Eximius by staying up late, chatting and having meetings in the dead of the night alongside some music. 
 
Kaushal said, “A team of 33 have been handling this event and after passing out from college, we don’t think we will ever get a chance in life when such a dedicated team would ever come together again to drive an event or a project.” 
 
For someone who came here to cover the event, I see a larger thing that goes their credit - As innovative business models are being unearthed at the IIM-B campus throughout the day today, the team has been able to connect the student community and early-stage startups to the industry (mentors, investors and full-grown startups) inside their campus which can help ideas get transformed into empowered ventures. When we say India needs a startup ecosystem, this is what it means, except that it has to be done on a much larger scale, but with the same passion, dedication, willingness, commitment and goal. 
 
…..At least we know, India is going into the right hands. Kudos, TEAM EXIMIUS!

You Searched For "IvyCamp" and got 4 results

This IIT and IIM alumni-backed fund is now pushing corporates to invest in and mentor Indian startups

Sanchita Dash

VC Firm IvyCap is going into IITs, IIMs and ISB to fund startups. Yes, Christmas just came early this year

Anushree Singh

IvyCap arm, IIT-B biz incubator in pact for funding ventures

BI India Bureau

Meet the Core Team of EXIMIUS, The Hottest Student-led Entrepreneurship Summit going on in India right now

Anushree Singh

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