Funds, support main constraint in startups, says young entrepreneurs

Funds, support main constraint in startups, says young entrepreneurs

Startup culture gaining momentum in Mysuru

The startup culture is making a mark in Mysuru with young entrepreneurs venturing into it. But, the challenges confronting them are investment and support.

As many as 10 teams, also budding engineers, who have developed a variety of products, on display at ‘Innovate’, a startup expo, organised by Vidya Vardhaka College of Engineering (VVCE) as part of its annual technical fest Vidya Vardhaka Youth Technical Talent Hunt Arena (VYUTTHA) on Saturday, echoed the feeling.

Besides students, private organisations displayed ideas on startups to promote entrepreneurship skill among future engineers. M C Meghana, an Electrical and Electronics Engineering student of VVCE, says, “We have numerous ideas, which may help the society and also the people. But, funds are a constraint. To execute projects, we need to invest huge amounts. But, we are not able to mobilise the funds.”

Another student said that though he has good ideas, he is worried to work on them due to lack of experience and support. “I have ideas on developing technologies related to agriculture. I know that the agriculture sector is suffering due to various problems in the recent past. I need to study them well. However, I am not getting adequate opportunities,” he said.

A range of products and services like ‘Fixed Gear Bike’, a bicycle designed by team ‘Scolarian’, ‘Remote Control Plain’, ‘Virtual Reality’, a movie viewing screen, all developed by engineering students, were on display.

‘Virtual Reality’, is developed by ‘RevEngg’, an Internet of Things (IoT) based startup, run by Electronic and Communication student Sharath Patil. The screen detects angular movement of objects or videos and also gives 360 degree view by merging split screens into one. One can watch videos using mobile phones.

Distance setting screen is the uniqueness of the product. Patil told Deccan Herald that he has conceived many other projects and the research and development (R&D) is underway.

Platform for budding enggs

The event is a platform to encourage students to take up own business and also to motivate to innovate, said CEO of Scolarian Sachin Kishore. The team has developed four models of bicycles – Sonic 21, Captain 09, Hermit 05 and Cop 100.

“All the models come with fixed gear, which is efficient compared to normal cycles. The team targets urban population as their product is suitable for urban areas. The bicycles range between Rs 25,000 to Rs 29,000,” said Sachin.

According to the organisers, the entrepreneurs are the future of innovative India. The event has been organised to promote innovative minds and to bring them under one roof, for inspiration and cooperative growth, covering vast fields, giving a platform for opportunities.

“VYUTTHA helps students explore new ideas, innovations and their potential in research and development. The event also bring together entrepreneurs, scientists, academicians and industrialists,” said L J Sudev, coordinator of VYUTTHA.