Sundaram wins $25,000 in HBS' Alumni New Venture Contest
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Bangalore: Sundaram Medical Devices has won the Harvard Business School (HBS) competition for new ventures with a cash prize of $25,000. It is for the first time from Harvard Business School to take such an initiative. Launched by an alumni of HBS, Krishna Mahesh, Sundaram has represented HBS Club of India, alumni from Boston, Chicago, London, New York, Northern California, and Southern California participated in the contest. The startup venture manufactures high-tech and low-cost medical bed that comes with quality, safety and usability for both the patients and the care-giver. "With a population of over one billion and a shortage in excess of 3 million beds, the market for locally manufactured medical beds is dramatically underserved," said Mahesh. Alumni New Venture Contest, in which around 70 had participated and hardly seven could make up to the final, was designed, keeping the HBS' previous initiative, HBS Student Business Plan Contest in mind, to support promising new ventures founded by HBS graduates. "We have conceptualized the Alumni New Venture Contest with two goals in mind. First, we wanted to identify promising new business ventures among our very entrepreneurially-oriented alumni body; second, and perhaps more importantly, to create a formal mechanism to connect alumni who are starting new companies with faculty expertise and the global HBS network of entrepreneurs, venture capitalists, and angel investors," said Lynda M. Applegate, the School's Martin Marshall Professor of Business Administration and chair of the Entrepreneurial Management Unit.

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