8 Innovative Biz Ideas Pitched At Conclave | Indore News

Indore: The first MP Startup Conclave 2022 held in Indore on Friday witnessed pitching eight innovative business ideas with one getting them committed.
“The Indore based e-commerce marketing automation platform sought $ 1million funding. According to investors, Vijay Kedia and Manoj Kumar Jain, they are committed to making some investment in the said startup, ”Invest Indore secretary Sawan Laddha said.
He has said that there are other experts and budding entrepreneurs on how to get started, how to pitch and raise funding for a startup, challenges and opportunities based on different business ideas etc.
“The experts defined startup as not just a business but a broader scope of activities that should be executed with a strong vision,” he said, adding the experts also gave some tips to startups including not to compete with giants, importance of scaling as the product is not enough, women are facing difficulties in getting funding because of lack of property rights, pricing the products on the basis of customer need .
During the conclave, CM chaired a round table conversation with startup investors, informing them about MP Startup Policy and other efforts being made by state government to develop the ecosystem for innovative business ideas.
The CM also held one-to-one interaction with successful startups and sponsored them. Earlier, MSME minister Omprakash Saklecha, MP Shankar Lalwani along with MSME secretary P Narahari and director Vishesha Gadhpale inaugurated an exhibition based on startups.

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