Startups awarded at SiliconIndia Startup City

By SiliconIndia   |   Monday, 30 May 2011, 12:32 Hrs   |    3 Comments
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Bangalore: For startups across India, siliconindia Startup City 2011 Bangalore turned out to be a multifaceted platform allowing them to flex their muscles to warn the corporate biggies that they ought to be counted upon and in the process grab some awards.

Around 80 technology startups exhibited their products and services and gave live demonstrations in their booths. They also had an opportunity to present their business plans in the auditorium in front of an audience, which comprised of Venture Capitalists (VCs) and entrepreneurs. These startups also had an opportunity to have lunch with the VCs and they tried to pitch about their products and services to the VCs.

The event saw some startups clinch awards after their performances were evaluated by an expert panel of judges, which comprised of highly experienced VCs. Best Startups from four segments including internet, services, products and mobile were recognized.

Expicient, Bangalore based startup that provides software products and services company bagged the best start up award in the Products and Solutions segment. Sacona also bagged the best startup award in the Products and solutions segment.

Hopsim and United Mobile Apps bagged the best startup award in the Internet and Mobile sector. HOPSIM is a global provider of prepaid SIM cards and services that enable leisure and business travelers to use their mobile phones abroad at prices they can afford. United Mobile Apps, is a hi-tech startup focused on building solutions for the mobile domain.

In the Services sector, P factor India, a leading learning services company won the best startup award.
Awards were given based on the following criteria: the company overview, market opportunity, the team, solution value proposition, competitive positioning, growth plans, go-to-market plan, current status and investment opportunity. The judges who evaluated the companies were Rahul Chowdhri, Vice President, Helion Ventures, Kumar Shiralagi, Managing Director, IndoUS Ventures,Samir Kumar, Managing Director, Inventus Capital and Sharad Sharma, Member, Indian Angel Network.

The event kick started with the inaugural keynote on ?Entrepreneurship - Pleasure, Pressure & Perils? by Krishnan Ganesh, Founder & CEO, TutorVista.

Following the keynotes there was a panel discussion on ?Entrepreneurial Journey: Concept to Success?. The prominent speakers were Murugavel Janakiraman, Founder and CEO, Consim Info, Pallav Nadhani, Co-founder & CEO, FusionCharts and Param Parameswaran, Chairman, Sulekha.com.

?Best Advice to get funded in the current environment? was another panel discussion for which the panelists were Vani Kola, Managing Director, IndoUS Venture Partners, Alok Mittal, Managing Director, Canaan Partners, Subrata Mitra , Partner, Accel Partners and moderator being Rajnish, Founder, Althea Systems.

Also, SiliconIndia provided a platform, CEO Conclave, for the CEOs and Managing Directors of technology companies that facilitates an informal discussion among the senior management about the best practices of building technology companies in India, what works, what doesn't work, potemtial pitfalls and other challenges.

Many people from different walks of the IT industry crowded at the NIMHANS Convention Center to attend the SiliconIndia StartupCity.

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