#ThinkBig, BeYourOwnBoss, Entrepreneurship, Ideas, ThinkBig

12 BASIC TERMINOLOGY RELATED TO STOCK MARKET

1)SHARE:– A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder.
2)EXCHANGE:– A Stock Exchange is a place where stockbrokers and traders can buy and sell securities, such as stock and bonds and other financial instruments(derivatives and commodities mainly).

3)NSE & BSE:– NSE is National Stock Exchange, the leading stock exchange of India which was established in 1992 as the first dematerialized electronic exchange in the country.It’s flagship index is NIFTY 50, the top 50 companies of India as per Market Capitalization.Total 1900+ companies are listed in NSE which makes a market cap of US $2.27 trillion. BSE is BOMBAY Stock Exchange, the oldest stock exchange of Asia which was established in 1875..It’s flagship index is SENSEX, the top 30 companies of India as per Market Capitalization.Total 5000+ companies are listed in BSE which makes a market cap of US $2.1 trillion.
4)SEBI:– The Securities and Exchange Board of India(SEBI) is the capital regulator of the securities and commodity market in India owned by the Government of India.
5)BROKER:– A person or middleman between investor/ trader and stock exchange who buys or sells an Investment for you in a exchange for a fee.(known as brokerage fee).Some of the Brokers of Indian Stock Market are Zerodha,Upstox, Sharekhan,Motilal Oswal.

6)INDEX:– A stock market index is an index that measures a stock market, or a subset of the stock market, that helps investors compare current price levels with past prices to calculate market performance. It is computed from the prices of selected stocks.

7)MARKET CAPITALIZATION:– Market capitalization ,commonly known as market cap is the total market value of the publicly traded company’s outstanding shares. Outstanding shares refers to the total shares that exist for a company.Market capitalization is equal to the share price multiplied by the number of shares outstanding.
8)BEAR MARKET:-The stock market being in a downward trend, or a period of falling stock prices.In this period you can see the market in a bearish trend as well as red candles in candlestick pattern charts.

9)BULL MARKET:– The stock market being in an upward trend, or a period of increasing stock prices.In this period you can see the market in a bullish trend as well as green candles in candlestick pattern charts.
10)BID PRICE:- A bid price is the highest price that a buyer is willing to pay for securities or other assets.
11)ASK PRICE:– Ask price, also called offer price,is the lowest price a seller is willing to accept for securities or other assets.
12)PORTFOLIO:- A collection of investments owned by an investor makes up his or her portfolio.

MOST ACTIVE STOCKS IN NSE

1.HDFC BANK:-HDFC Bank Ltd. is an Indian banking and financial services company founded in 1994.It is the largest bank in India by market capitalization as of March 2020.HDFC Bank provides a number of products and services but their main key are Wholesale banking & Retail banking.

hdfc

2.RELIANCE:– Reliance Industries Limited (RIL) is an Indian multinational conglomerate company. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India, the largest listed company in India by market capitalization, and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation.

reliance

3.INFOSYS:-Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services.Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2017 revenue.Infosys has 82 sales and marketing offices and 123 development centres across the world as of March 31, 2018, with major presence in India, United States, China, Australia, Japan, Middle East and Europe.

infosys

4.COAL INDIA:-Coal India Limited (CIL) is an Indian state-owned coal mining and refinery company. It is the largest coal-producing company in the world and a Maharatna PSU.The company contributes to around 82% of the coal production in India.CIL ranks 8th among the top 20 firms behind a third of all global carbon emissions.

coal india

5.NTPC:-NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities.The company also undertake consultancy and turnkey project contracts that involve engineering, project management, construction management and operation and management of power plants.It is the largest power company in India.

ntpc


Written by. Tirtharaj Chakraborty,Intern

Edited by. Suvro Mukherjee

#ThinkBig, Entrepreneurship, Ideas, India, Uncategorized

5 Indian Startups This Decade That We Use Daily

Indian startups are closing the decade on a high and the nation will enter the next decade as the world’s third largest startup ecosystem. The startup culture has flourished extensively in the country over the last ten years with many companies becoming an essential part of our everyday lives.

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In 2019 alone, eight startups joined the unicorn club taking the total number of unicorns in the country to over 30 and 50 are expected as soon-to-be unicorns.

This decade, the nation did not sit back and let the world run ahead, college students, aspiring entreprenuers and lovers of challenges actually dared and risked to take their chances in the startup ecosystem and it has paid dividends.

We take a look at the startups that have influenced our lives the most this decade.

 

  • Swiggy-

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  • Craving a dish but do not want to go out to have food? Swiggy, founded by Nandan Reddy, SriharshaMajety, Rahul Jamini in 2014 addresses this issue. Ever since its inception, Swiggy hasn’t looked back. Starting from its first external investment in 2015 when Accel and SAIF Partners, along with Norwest Venture Partners invested over $2 million to the string of investments in 2017 that took its valuation beyond a billion dollars, rendering it as a unicorn, Swiggy has provided hassle-free service in the market despite competition from other food delivery companies. Operating out of 100 cities, Swiggy is currently India’s largest and most valuable online food ordering and delivery platform.

 

  • Ola –

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  • Founded by Bhavish Aggarwal and Ankit Bhati at the beginning of the decade in December 2010, Ola has grown to be India’s biggest peer-to-peer ridesharing and ride service hailing company. Want to go somewhere? Book an Ola Cab. Developed by ANI Technologies Private Limited, Ola has also expanded into taxi and food delivery services. They acquired Foodpanda in 2017 to take advantage of the growing food delivery business segment in the country. Ola has expanded into overseas market extensively since January 2017 by first tapping into the markets of Australia and New Zealand and then, in the United Kingdom. As of October 2019, the company is valued at $10 billion and provides services across 250 cities in the country.

 

  • Paytm –

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  • In just 9 short years, Paytm has become the biggest e-commerce and financial technology company based out of India. Paytm was founded by Vijay Shekhar Sharma in August 2010 with an initial investment of $2 million borne by Sharma and began as a prepaid mobile and DTH recharge platform. Data cards, postpaid mobile and landline bill payments were added to the services in 2013. With Paytm, you can recharge your mobile, make utility bill payments, book train, flight and bus tickets, tickets to shows, movies and events, make payment transfers and pay in shops using QR codes. The company is valued at around $1 billion, with Alibaba Group owning the majority stakes of 42%. They have 350 million users and are planning to go public by launching its IPO in 2022.

 

  • Oyo –

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  • Ritesh Agarwal, who founded Oyo in 2013 when he was just 20 years old had become the poster boy for the Indian entrepreneurial scene. Ritesh had come up with the idea for budget hotels and accommodation called Oravel Stays and after staying in many hotels, guest houses, bed and breakfast houses, he pivoted the company to Oyo Rooms after receiving a $100,000 grant from the Peter Thiel Fellowship. Over six years, Oyo has expanded aggressively to include thousands of hotels, vacation homes and guest houses in hundreds of cities in India, Malaysia, UAE, Nepal, China, Brazil, UK, Philippines, Japan, Saudi Arabia, United States and other countries. It is the world’s third largest and fastest growing hospitality chain of leased and franchised hotels. They are currently valued at $10 billion.

 

  • Byju’s –

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  • Founded by Byju  Raveendran in Bangalore in 2011, Byju’s has become the world’s most valued education technology company, after being valued at $5.4 billion. The company was developed by Think and Learn Pvt Ltd established by Raveendran and in 2015, after 4 years of development, they launched the Byju’s mobile app which was downloaded by 2 million students in the first three months of release. Since then, the trajectory for Byju’s has been a forward climb. Shah Rukh Khan currently endorses the brand and Byju’s are also the shirt sponsors for the Indian national cricket team.

 

#BeYourOwnBoss, #ThinkBig, Collegepreneurs, Ideas, India, ThinkBig

Symposium–de-illuminate : A KGEC E-CELL and IIT-B Collaboration.

“ The only way to do great work is to love what you do.“

-Steve Jobs

And this love for entrepreneurship helped KGEC E-CELL to reach another milestone as IIT Bombay set foot on KGEC for the first time ever.It was indeed a very proud moment for Kalyani Government Engineering College as KGEC E-CELL in collaboration with the E Cell of IIT Bombay organized an entrepreneurial workshop named Symposium–de-illuminate for the benefit of the students. Students from various colleges took part in it. Sashwata Roy, the representative of IIT Bombay E Cell, was the main speaker of the event. Dr. Shantanu Das(Chairman of KGEC E-cell), Prof. Supriyo Banerjee (Secretary of KGEC E-cell), Prof. Md. Iqbal Qureshi(Treasurer of KGEC E-cell) also graced the event with their precious presence.

sir and mr. roy

Mr. Sashwata Roy started his lecture explaining what Entrepreneurship actually is-

“ The capacity and willingness to develop, organize and manage a business venture along with any of its risks, in order to add value and make profit. In other words, the activity of setting up a business or businesses, taking on financial risks in the hope of profit. “

He then went on talking  about a lot of business terms and gave valuable info about them. The overall project was on finding out the major problems we face in our society, generating practical solutions of those problems and make a business model canvas on it.

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“The way an artist fills up a blank white canvas with colors and turn that into a lively painting, entrepreneurs in the same way, give solutions to problems in a form of start-up in their business model canvas.”

For that Mr. Sashwata Roy at first divided the whole audience into 9 teams. Each team had to prepare one business model and pitch it in front of the audience.

The first half of the workshop consisted of the discussions on various topics related to business. Mr. Roy explained them in details. He clarified what are the basic requirements to be a successful entrepreneur and what his mind-set should be. He gave detailed explanation about unique value proposition, customer services, revenue streams, cost structure, key metrics and many such terms that are essential for a business model.

rear view

Then there was a breather after a contiguous session of discussion. In the second half, it was all about the teams to prepare the business model canvas and pitch it. To help the teams in making the canvas, Mr. Roy showed the BMCs(Business model canvas) of AIRBNB, OLA, AMAZON etc. and explained their success stories. He cited the likes of Mr. Ratan Tata, Steve Jobs, Jeff Bezos, Mark Zuckerberg and many other successful entrepreneurs in order to enlighten the lamp inside the budding entrepreneurs. To speak about start-up, he stated that,

“A start-up is a company working to solve a problem where the solution is not obvious and success is not guaranteed.So, it is all about taking risks, failures are parts and parcels of it. People who overcome all these barriers, are the ones who survive in this field.”

We are glad to share that Mr. Sashwata Roy was ‘hugely impressed’  by the pitching event as each and every team came up with innovative ideas and their B-Plan looked quite promising. Mr. Roy and Prof. Supriyo Banerjee monitored the event and gave invaluable advice and suggestions to the teams for the betterment of their ideas.

laptop and speaker

So, in overall, it was a great learning experience for the participants as they got a chance  to get familiar with the terms that are required for every businessman to get success in their field. Moreover, they got to know how to pitch and the basics of business model canvas.

All the credits though goes to the KGEC E-CELL and its members as they worked really hard to organize the workshop successfully in such a short period of time and their hard work literally paid off. Mr. Roy was amazed as his last speech summed up the whole story of the day.

 

“I am glad to be a part of this workshop. The enthusiasm and energy shown by the participants is really appreciable and we would be looking towards organizing more such events in future. Thank you all.”

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Written By-Sarthak Mazumdar

Edited By- Sohini Ghosh

#BeYourOwnBoss, Collegepreneurs, Entrepreneurship, Ideas, womenentrepreneurship

Trailblazers #4 : An Interview With ‘Catch Them Young’ Participants.

It  all started on 23rdDecember, 2018,when Kaushikee Banerjee along with our Joint Secretary Mr. Ankan Chattopadhyay and fellow member Ms. Shubhangi Dey witnessed some entrepreneurs discussing about their start-ups and success stories at a networking meet organized by CTY in American Centre, Kolkata.

After a day long session, they were notified about the campus ambassador programme which was open to college students.

After filling up the form of Campus Ambassador programme, Kaushikee Banerjee received a mail from CTY with a few questions like why would she want to be a part of this, if she had any business idea or not etc. Based upon the answers the final selection was to be made. She cleared this round and got a call by one CTY representative that she had been shortlisted as the campus ambassador. Her work was to spread the word and inspire students to take part in it.

Few months down the lane,

it was a proud moment for all KGECians as 5 out of 5 participants of ‘Catch them young‘ competition had qualified for the next round and grabbed the chance of attending a business summit.

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The selected students were:

  1. Hosneara Khatoon (CSE, 4th Year)
  2. Sanghamitra Biswas(IT, 3rd Year)
  3. Devsmita Mukherjee (CSE, 3rd Year)
  4. Shubhangi Dey (EE, 2nd Year)
  5. Tirtharaj Chakraborty (IT, 1st Year)

KGEC E-CELL ,delighted with  this achievement decided to have an interactive session with them and hear from them about their experience and ideas and many things more…

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It started with just a general enquiry about how they came to know about CTY contest .

Sanghamitra Biswas explained that CTY had come to the college during April 2019 and had a session with the E Cell. During that session, Suman Mukhopadhyay came and encouraged the students to present their ideas, whatsoever it maybe and the selected few would then get a chance to participate in the bootcamp.

All the participants were very excited and few of them didn’t really expect that their idea would be shortlisted among the top 50 ideas. So before attending the camp, some of them were nervous at the same time confident enough to present their realistic B-Plan in front of the judge’s desk.

When asked about their B-plans, Sanghamitra Biswas said,

 “My idea is that by connecting ordinary tailoring institutions to customers, there will be a better fit at an affordable price.”

Husna Khatoon’s idea is based on Internet technology. She wants to create a website like shiksha.com or collegedunia.com, but it would be different from them and helpful to the students and their parents.

Devsmita Mukherjee had a plan which revolves around fashion and boutique. To open a boutique for a local brand which will be only for women, her motto is to enhance women empowerment.

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Shubhangi Dey explained her B-Plan which deals with a serious and real issue,

“My business plan was rural sector. I aimed at water scarcity in Purulia district of West Bengal which is the 2nd most water scarce area after Rajasthan. So, I made a B-Plan which highlighted that we can make water booths out of Moringa oleifera which is drumsticks or “duta” as we know it in Bengali. Drumsticks seed are very helpful to get purified water and thus eliminate the impurities in water and the general health will be be better.”

 

Tirtharaj demonstrated that his B-Plan is to provide digital marketing services and to make it easily available for every entrepreneur and businessman and salesperson. And to provide proper value proposition and to maintain customer relationships.

It was 3-day session with Subhangi Dey being the only participant to make it to the final day. During these 3 days the participants learnt quite a few things about how to make a presentation of their B-Plan. All the participants had one thing in common.  They were hugely impressed by the session by Data Sutram founder, Rajit Bhattacharya.

In the words of Subhangi,

“ We were taught value propositions, revenue model, how to do financial projections. We got to know how to make a B-Plan and how to implement it. We were asked to solve certain exercises and it helped us in knowing our idea to greater depth. So as we can understand that the sessions did not just test their B-Plan but also made them learn quite a few essential things which will be required in the entrepreneurship field.”

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Tirtharaj Chakraborty had an amazing experience just like all the other participants but it was all the more precious for a 1st Year. He is extremely thankful for the help he got from the other participants in making a presentation as well as in making his idea better. Let’s hear from him on this,

“I was helped a lot by my seniors. They helped me in shaping my idea so that it is well presented. I was encouraged to interact with the guest lecturers as well as with other participants.” He is very much excited to join KGEC E-CELL as according to him it would help him to, “get more opportunities like these as CTY and to learn a lot more from the other members and discuss my idea as well as other marketing strategies with them.”

Year after year one thing remains constant, and that is the excitement of freshers to join KGEC E-CELL.

pen paper

Most of the participants harbour future plans regarding their B-Plan and we hope they would  implement all the lessons they have learnt in the bootcamp to make their B-Plan get a little edge over the other ones. It’s good to see students actually being interested to launch their own start-ups rather than a daily job.

This gets more consolidated with Sanghamitra Biswas saying,

“Being a student at KGEC and member of E Cell from the first year, I have come to realise that there are not so many quality jobs out there. Most of the jobs that are out there is either underpaid or very tiring or on a completely different domain that you would like to work on. But being an entrepreneur, you can actually convert your own skills and create your own start-up.”

Out of the 5 participants, 4 were part of KGEC E-CELL. Sanghamitra Biswas and Devsmita Mukherjee was asked about their mantra to the 1st Years and both of them had one common thing to say, that was the 1st years should definitely join E-CELL if they are interested in the entrepreneurship field. According to Devsmita Mukherjee even if they are not interested in the business field they should give it a go as it would help in their personal development which will be beneficial when they would going for job interviews and all that.

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Last but not the least KGEC E-Cell is extremely proud of all 5 the participants of CTY contest and wishes them all the best for their future endeavours.

Written By: Sarthak Mazumder and Subhadeep Bose

Edited By: Sohini Ghosh

 

 

 

 

 

 

 

 

Entrepreneurship, Ideas

Pre Independence Startup Scene In India

History books are rich with stories from life under the colonial rule in India. The British subjugation deprived our nation of its wealth, its pride, liberty and its citizens of opportunities and a fair right to life for over two hundred years before years of struggle and political activism and revolts finally won India its long-overdue Independence.

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However, what doesn’t get talked about often is the scenario of entrepreneurship in the country before Independence. It goes without saying that starting a business during the British rule was quite a mammoth and daunting task since entrepreneurship was confined by rigid social, religious, political, communal boundaries. All these factors combined with the fact that the socio-economic culture was detrimental to Indians made the environment for innovation and entrepreneurship all the less conducive. The education system imposed by the British government whose primary objective was the requirement of clerks for its lower ranked offices did not help the situation either and it took massive courage and commitment from bold, dauntless individuals to rise to the task to create functional startups back then.

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With the rise of non-cooperation movements and the promotion of Indian made goods, the scenario started to change for the better. The period between the two world wars saw growth in this sector with the establishment of the Managing Agency System that played the role of a significant catalyst. This was followed by several opportunities that were successfully capitalised on by entrepreneurs of that age, helping to promote the culture of risk and innovation and this continued to be the backdrop of entrepreneurship in the country until the 15th of August, 1947.

As our ambitious nation now prepares for its 72nd year free from the shackles of colonial imperialism, let us take a look at a few Indian companies with roots before 1947.

  1. Britannia

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With the investment of ₹265 by a group of British businessmen, Britannia was established in 1892 headquartered in the then capital of the country, Kolkata. One of India’s oldest existing countries, it is now owned by the Wadia group. It started off as a small biscuit manufacturing house in Kolkata and was headed under the name VK Enterprise when the Gupta brothers acquired the enterprise. It got its current iconic name when in 1918, CH Holmes came on board as a partner and The Britannia Biscuit Company was launched.

  1. Haldiram’s

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Haldiram’s was founded by Shri Ganga Bhisen Agarwal as a modest snacks and sweet shop in Bikaner in 1937. A chance visit to a wedding in Kolkata prompted the establishment of a manufacturing plant in the City of Joy leading to expansion. This was soon followed by Shiv Kishan establishing shops in Nagpur where Haldiram’s became a major player in the market and it was Manorharlal and Kishan’s relentless ambitions that drove the brand.

  1. Godrej

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Godrej holds a special place in the history of Indian entrepreneurship. A central part of the Swadeshi movement- India’s first Make in India revolution, it was founded by Ardeshir Godrej in 1897 who set up a lock company after failing in a few ventures before. Between 1897 and 1902, Godrej introduced its first lock with lever technology in India and its first Indian safe. Following this, in 1918 Godrej Soaps Limited was acquired and the company manufactured the world’s first vegetable oil soap called ‘Chavi’ which promoted the values of Swadeshi and Ahimsa and was a huge hit. The brand gets endorsed by champions of the national movement like Mahatma Gandhi, Annie Besant and Rabindranath Tagore and in 1923, they venture into furniture. After Independence, Godrej was assigned the manufacture of 1.7 million ballot boxes to celebrate India’s newly found democratic spirit in 1951.

 

All these stories and enterprises just went on to show how pursuing and believing in dreams, even in the face of extreme adversity is quite often rewarded with immortal success. Yet another reason how the culture of entrepreneurship connects the nation and is now inspiring it to be a global economic superpower in the near future. We have made leaps and bounds since 1947, but we still have a long way to go.

Written By- Anjishnu Roy

Design By-Kaushikee Bandyopadhyay

 

#BeYourOwnBoss, BeYourOwnBoss, Collegepreneurs, Entrepreneurship, Ideas, ThinkBig

KGEC E-CELL AIM 2019-2020

From the very childhood, it has been fed into our blood lines that ‘Life is a Race’. In fact, in this modern corporate world it is pretty hard to disagree with it. But instead of running on someone else’s track, why not choose your own path?

Here in KGEC E- Cell, we are of the same mind. To all KGEC-ians this Cell is like the companion in the journey to become an entrepreneur. KGEC E-Cell endeavors to give the students of the college proper exposure, experience and skill set to succeed with their venture in this corporate world.

The two key ingredients of entrepreneurship are innovative thinking and dedication to achieve your goal. If you have these two, KGEC E-Cell will provide you with the structure, guidance and support any budding entrepreneur requires.

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Starting in late 2014, the KGEC E-Cell’s aim was to spread the Entrepreneurship culture among the students of Kalyani Government Engineering College. Our alumni and our current student entrepreneurs are witness and proof to the same. In almost 5 years of E-Cell, we have organized various workshops, training programs, internship drives along with our annual and flagship events (e.g. E-Summit, Egnition, etc.).

This upcoming academic session is going to be very special as our E-Cell will complete it’s five years as a part of our college. We are looking forward to setting new heights this year with the help of our students and respected faculty members.

PLANS FOR ACADEMIC YEAR 2019-2020

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Weekly Blogs: In this 21st century the world is changing so rapidly that almost nothing can be said to be impossible. Be it technology, industries or the environment surrounding us. We, at E-Cell are trying to increase the general awareness about the developments and problems going around us with the help of our weekly blogs on relevant topics. Other than this we are also planning to take new initiatives like Biz-The-Sauras, where our aim will be to familiarize the students with the business terms and whereabouts by interesting posts.

Yearlong Various Workshops: A student when he comes as a fresher he may not be a Jack of all trades but this corporate world demands you to be an Ace of at least two or three. That is why, across the year E-Cell is planning to organize different workshops on IOT, Coding, Soft skills etc. conducted by Professionals.

egnition

Egnition 2k19: Egnition 2k19 is going to be the first event hosted by KGEC E-Cell in the academic year of 2019-20. It is an engaging one day annual event hosted specially for the freshers of KGEC. Filled with interactive sessions, reputed guest speakers this event is the platform which provides the basic knowledge about entrepreneurship and entrepreneurship culture in our college.

E-Summit 2k20: E-Summit is KGEC E-Cell’s flagship event. E-Summit is a two day event filled with various interactive activities and orations by various speakers. Pitch-a-thon is the main event of E-Summit. Here you can pitch your start-up ideas in front of a respected panel of judges.

Internship Opportunities: Experience is vital in any field. That is why KGEC E-Cell looks to present the opportunity to get internships in Non-technical and technical field both in our own college start-ups and external start-ups.

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Exposure Tours: Like the previous years this year we are also planning to visit the different IITs and IIMs. This provides the much needed expertise and knowledge of the present start-up scene. Also develops the relation with other colleges in and around the outskirts of Kolkata like Presidency College, IISER Kolkata, IIT Kharagpur, IIM Kolkata, IIEST Shibpur etc. Also interaction with associates of such esteemed institutes would not only provide a remarkable chance of becoming a part of a network but it might also give one the chance to convert their dream start-up into reality.

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Incubation Center: It has been the dream of KGEC E-Cell for many years- An Incubation Center which will provide the proper infrastructure to the start-ups of our college and other surrounding startups in the locality. After years of hard work by the members and faculty members of KGEC E-Cell finally this year the phase one of building an Incubation Center will begin with the help of IIM Kolkata Innovation Park.

And last but not the least,

E-Cell Recruitment Test: It is a screening process to select only the best and deserving candidates to shoulder the responsibilities of E-Cell. This is the first opportunity for freshers to be a member of E-Cell.  Like every year it will not only to test the candidates’ knowledge and intelligence but their dedication towards their goal.

all in one

Entrepreneurship, Ideas, India, ThinkBig, womenentrepreneurship

Space : An industry, A reservoir of possibilities.

“Earth is the cradle of Humanity , but one cannot live in a cradle forever.” -Konstantin Tsiolkovsky

A hundred years ago in 1911, the father of modern cosmonautics Konstantin Tsiolkovsky remarked in a letter written to his friend about how humanity will one day explore and conquer the solar space. More than a 100 years have passed and Konstantin has been proven right but alas ! we have only been to the moon and back, no further !
This is all set to change in this decade as the United States has emerged as incubation hub for space startups like SpaceX and Blue Origin who intend to setup permanent human settlements on other planets. The new space race is led by private space startups, under the experienced leadership of established entrepreneurs like Elon Musk and Jeff Bezos.

Companies That Made Their Mark In The Space Industry.

The first privately funded rocket to achieve space flight was Conestoga 1, which was launched by Space Services Inc. on a suborbital flight to 309km altitude on 9th September, 1982.

By 1984 President Ronal Regan issued out the Commercial Space Launch Act, which encouraged the creation of private spaceflight companies.
By 2000, Russian private space tech company MirCorp made the first manned trip to space that was not government funded. This was just the beginning!

1) MirCorp-

It was a commercial space company created in 1999 by space entrepreneurs and involving the Russian space program that successfully undertook a number of firsts in the business of space exploration by using the aging Russian space station Mir as a commercial platform. Its actions were highly controversial as it created a roadblock to the planned International Space Station in creating a viable, low cost alternative.

The company achieved the following:
• First commercial lease agreement for orbiting manned space station (December 1999)
• First privately funded manned expedition to a space station.
• First privately funded cargo resupply mission in space (April 27, 2000)
• First privately funded spacewalk (May 12, 2000)
• First contract for Space Tourist (Dennis Tito, June 19, 2000)

2) Space Adventures-

It is an American space tourism company founded in 1998 by Eric C. Anderson. As of 2010, offerings include zero-gravity atmospheric flights, orbital spaceflights (with the option to participate in a spavcewalk), and other spaceflight-related experiences including cosmonaut training, spacewalk training, and launch tours. Plans announced thus far include sub-orbital and lunar spaceflights.

As of October 2009, seven clients have participated in the orbital spaceflight program with Space Adventures, including one person who took two separate trips to space.

3) SpaceX-

How can we talk about private Space Companies and not talk about SpaceX. From making rockets reusable, and Mars seem possible. Already the world’s most high-profile commercial spaceflight company, SpaceX continues to demonstrate its technical bona fides, racking up recent milestones as historic as they are diverse.

Along with fielding a more muscular version of the workhorse Falcon 9 rocket (with engines that are 50% more powerful than their predecessors), the company conducted a series of test flights of its Grasshopper rocket, which travelled as high as 1,066 feet in June 2013 before depositing itself back on the launchpad, as opposed to dumping in the ocean. SpaceX flies fast, cheap, and always in control, making founder and CEO Elon Musk’s plan to eventually establish a permanent, 80,000-person Martian colony, seem less like a pipe dream, and more like the inevitable.

Sierra Nevada Corp, Richard Branson’s VIRGIN GALACTIC (developing airplane-rocket), Yuri Milner’s PLANET (earth imaging satellites) have also emerged as finest spacecraft builders. Besides these, there are initiatives by Mark Zuckerberg (Breakthrough Starshot), Larry Page (Planetary Resources), Bill Gates (Kymeta), Paul Allen (Stratolaunch) which are still in development.

Valuation of this Industry-

For years, some of the world’s richest entrepreneurs have been investing in space exploration, hoping to become industry leaders in the growing commercial market and what it is set to achieve. There has been a record investment of more than 3.9 billion dollars that were made by as many as 120 venture capitalist firms into some private space companies in the last year. The space industry is set to be worth $1 trillion by 2040.

Indian Private Space Industry-

With the private space industries developing at the fastest possible rate in other countries, it’s high time that India’s commercial space enterprises grew out of the ISRO’s towering shadow whose contract doles provide vital sustenance to may start-ups. There is an increasing commercialised side of ISRO which has now taken up the form of NewSpace India Ltd.
In the last few years India has witnessed a boom and more than a dozen space focussed start-ups have emerged. Bangalore in India has emerged as India’s space start-ups hub.

Few of India’s notable Space Start-Ups:

1) Team Indus

– is a Bangalore based startup led by Rahul Narayan and is the only Indian team participating in the Google Lunar X Prize mission. The company raised Rs 9 Crore until mid 2015 from a clutch of investors . The company has built a lunar rover and expected to launch in the third quarter of 2016 to win the Google Lunar X Prize.

2) Earth2Orbit

– Founded by Sushmita Mohanty , the company claims to be India’s first private space firm. The company currently offers launch advisory and consulting services.

3) Dhruva Space

– A new entrant to this league, the firm was founded by Narayan Prasad and Sanjay Nekkanti in 2012. The team at Dhruva space is currently developing an indigenous small satellite platform.

4) ARDL

– Founded at the Indian Institute of Science (IISc) , the team of ARDL comprises of Sidhant Dhall, Triyambak Tripathy, Gaurav Achha and Ayush Patawari. The company currently fabricates Mini CANSAT modules and other related space hardware.

5) Astrome

– Another Space Startup with it’s roots in IISc is Astrome, which has Prasad HL and Neha Satak as it’s founder. The startup is fairly new to this league and aims to develop products and services which aid in space exploration.

6) MANASTU Space

– founded by Tushar Jadhav (a former DRDO scientist) , Ashtesh Kumar (Technological Leader Head, Electrical Systems) and Pratham ui IIT Bombay’s student) in 2016 comes with greener and safer approach in manufacturing the satellites. Manastu’s engines uses less indigenous toxic fuel, and can provide an impulse for 275 seconds, making it 25 percent more productive as it consumes 25 percent less fuel, and promises a life span of five years for the satellites in orbit. At present, the prototype is under testing at its laboratory in Mumbai and at the Shell Oil and Gas campus at Bengaluru.

What the future holds for this Industry-

The future of commercial space flight definitely seems promising, thanks to the entry of big commercial giants and several other huge investors.
This would not just improve or bring about possibilities of making space travel easy, but also help in improving research of the universe, resource mining as well as bringing other insightful information to the forefront.
Despite the challenges posed by space tourism, it is crystal clear that in the future, commercial space flight will be a big thing and it can definitely be the ticket to us knowing more about the outer space.

Written by Subhadeep Bose, Kaushikee Bannerjee, Sarthak Mazumder

Edited by Sohini Ghosh, Dibyajyoti Ghosh