IIM Sambalpur celebrated its 9th Foundation Day with the Theme: “Accelerating Startup’s Ecosystems”. Sushant Kumar, ESKYEN Ventures donated the fund of USD 2 million to the Incubation Centre of IIM Sambalpur to promote start-ups and entrepreneurship, as per the press release.
Also, an MoU signed between IIM Sambalpur and India Accelerator to build entrepreneurial capacity for the incubates of IIM Sambalpur. The programme was address by Dharmendra Pradhan, Minister of Education, Skill Development & Entrepreneurship, GoI as the Chief Guest, it added.
During the event, Dharmendra Pradhan congratulated IIM Sambalpur on its ninth Foundation Day through a video message. He praised the alliances and partnerships that IIM Sambalpur has formed with businesses like India Accelerator, SIDBI and Flipkart, highlighting their importance in fostering entrepreneurs and assisting the livelihoods of local weavers and craftsmen, highlighted the release.
He acknowledged that IIM Sambalpur had given them the knowledge and abilities necessary for professional success and urged them to constantly remember their greater purpose, strive for excellence, give back to society and uphold the values that will cause India to become a developed country by 2047.
The Guest of Honour, Sushant Kumar, founder, principal of ESKEYN Ventures and Indus Capital, USA, underscored the vital role of confidence in early investors like Ram Shriram, who was the first investor in Google and supported Larry Page and Sergey Brin, even during the company’s unprofitable years. He shed light on the enormous obstacles that companies must overcome by empathising with the primary worries that frequently plague them, such as fundraising, loan repayments, and job stability, mentioned the press release.