IIM Shillong Wins Inaugural Edition of X-Biz at IIMA

Team InnoPreneurs from IIM Shillong have won the inaugural edition of X-Biz in a grand finale hosted at the IIM-Ahmedabad campus. The team was shortlisted after tough competition from over 60 participating teams from across the country. IIM Shillong was shortlisted amongst the top three teams along with IIM Bangalore and IIT Chennai and was invited to present their plan to an eminent panel of judges which included Mr. Sandeep Nair, President and Managing Director of Emerson Network Power (India) Pvt Limited. The sponsors of X-Biz 2011 were Prof Arvind Sahay, Professor of Marketing at IIM-Ahmedabad, and Mr. Pranay Gupta, Joint CEO, CIIE-IIM, Ahmedabad.

The team which consisted of Mr Jayant Kejriwal and Mr Salil Choudhary, second year students at IIM Shillong, detailed their innovative plan which considered the opportunity of massive agricultural mechanization in India. Their plan is to set up a manufacturing plant for tractor mounted hydraulic equipments for agricultural, industrial and construction purposes. They plan to distribute these products across the country initially through tie-ups with tractor distributors and later on through our own outlets.

INNOPRENEURS (IIM SHILLONG)
Salil Choudhary	Jayant Kejriwal

           The participants were judged on multiple factors including uniqueness of the plan, “thoroughness” of analysis in capital planning and working capital management, marketing and operating plans, risk identification and mitigation plans, impacts on environment and society and robustness of strategy and growth potential.

The winners received a cash prize of Rs 75,000 and an opportunity to incubate their businesses with CIIE at IIM-Ahmedabad.