eDC weekly
“Twenty years from now, you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” - Mark Twain
In this saga of exploration, of challenging yourself and discovering the possibilities that lie within, eDC brings you its much-awaited reader’s digest! eDC aims to make you more informed and aware of the things that surround you, impact you in severe or subtle ways and serve a plethora of budding news and ideas to keep you well updated. With curated content every week, we ensure that you, ~the entrepreneur~ are well informed about the latest trends to the latest successes, rises and falls amidst the mighty battles fought within and beyond these campus walls. Business News, Tech, Entrepreneurial happenings or be it any event at the campus, we have got you all covered. So just dive right in and happy reading!
Recent updates with eDC
Mad for Ad - Sept 4th, 2022
In a fresh wave of Entrepreneurial Extravaganza at IITD, eDC hosted one of its first kind – an Inter-hostel Advertisement Making competition- Mad For Ad! Sponsored by Tech Partner Metaschool and presided over by Mr. Sushant Sharma- Brand Manager, Boat; the event witnessed 13 hostel-teams battle out their marketing and presentation skills with creativity and flamboyance. Each team was given two choices of the brands they wished to present and fight for, the Ad being 1 min in length and the following pitch to be wrapped up in 3 mins. The key metrics were originality, the intent behind the concept, creativity, and most importantly the impact in ideal market conditions. Mr. Sushant spared no efforts in acknowledging and appreciating the team’s efforts and giving them their due feedback. Amidst forceful branding was also fiery cheering from all hostels, without which the event wouldn’t have been lively for all. Girnar hostel clinched the title and bagged the meaty prize money, with Satpura and Kailash following next.
All in all, a spectacular event to kickstart the year with a bang, get ready for many more such events, this is just the beginning!
Samsung Solve For Tomorrow - September 17th,2022
Solve For Tomorrow, a Samsung initiative to encourage students to incorporate design thinking into corporate strategy, was held at IITD from the 15th to the 17th of September. On the occasion of Engineer's day, Samsung Korea's R&D Managing Director and the Director of IIT Delhi came along to inaugurate the event. It was an innovation contest inviting India's brightest young minds to craft creative ideas that can transform the lives of people around them. The event attracted a large number of students from schools and colleges throughout the country. Each team was allotted two mentors, one from M.Design and another from eDC. Students were introduced to various business model canvases by their mentors. You could see the sparkle in their eyes, and interacting with them was a blessing. The students pitched their creative startup ideas revolving around one of the four target sectors; healthcare, agriculture, education and environment, which were judged by a panel of 12 Samsung R&D institute experts with diverse backgrounds in technology and innovation.
Hard Skill Workshops by eDC
eDC started off the tenure with its hard-skill workshops series by having a session on ‘Personal Finances’ where Shashank Jha gave his valuable tips on managing personal finances. The session summarized various investment options and provided a precise analysis of the return on investment, the risk factors involved, and how beginners could start investing in stocks, cryptos and other mutual funds. Over 100 students participated in the session, which gave them the confidence to begin their financial journey.
In part two of the hard skill workshop series, Satyam Kesari, product manager at STEPapp, touched on several key aspects of product management, the nature of the role and the skills required to go about if you wish to become one. Surely, being one of the most strategic roles in a corporation, unravelling the intricacies was a must and was well executed in the end. The participants had a very good experience, and the takeaways are also worth noting, which have already been uploaded on eDC Instagram handle.
Startup Nukkad is now open for all!
Ever got a crazy idea or some enthralling news about the startup universe, but have to keep it in your stomach as there's no one to discuss it with?
eDC is coming up with a weekly "Nukkad Startup" initiative, where startup enthusiasts like you will gang up to discuss ideas in a "chill sa environment".
At the Nukkad, we will not only mull over the ideas but discuss "literally anything" that connects to entrepreneurship, be it "What is it that makes Cred such a success?" or the discussions about the new startups coming from IIT Delhi itself. Occasionally we will conduct synergistic sessions with external guests.
So whether you have got something to discuss or want to be updated in this fast pacing universe of startups, worry not, eDC has got you covered. Last week, we had Deepit Patil, an ex—eDC member, whose startup has already been incubated by Y-combinator.
Join us at the Nukkad every Friday to learn, grow and enjoy.
News around the entrepreneurial world!
Ethereum Merge is successful!
The Ethereum Merge countdown ended last week on 15 September 2022, bringing a pivotal change in the crypto market. The replacement of proof-of-work, the more energy-intensive process pioneered by Bitcoin, with proof-of-stake on the Ethereum blockchain was one of the most consequential events in the history of cryptocurrencies, which is believed to cut the network's energy consumption by 99 percent. However, it is believed that Ethereum transaction costs should remain unchanged after the merge, but Ethereum's high network fees may be reduced through danksharding and proto-danksharding as early as 2023.
Tech incubator T-Hub launches new cohort for semiconductor startups:
T-Hub launched the semiconductor saga of its AIC T-Hub Foundation Programme in partnership with Qualcomm and CITD to foster innovation and entrepreneurship across the industry where India for long seeks to bridge the requisite demand and become self-sustainable. This six-month hybrid program will mentor 20 startups with potentially innovative ideas that could transform supply chains through expert-led workshops, specialized mentorships, market access, and much more.
Ever wondered the first job of billionaires? We have brought a list for you.
Elon Musk($253B): Software Engineer at Zip2
Jeff Bezos($165B): Fry cook at McDonalds
Gautam Adani($126B): Diamond Sorter at Mahendra Brothers
Bill Gates($121B): Computer Programmer for TRW
Warren Buffet($103B): Newspaper Delivery Guy for Washington Post
No matter how small you start, start something that matters!
Question of the week!
Have you heard about deferred placements in IIT Delhi? What is it and why is it important for budding entrepreneurs?
Stay tuned till next week until we share you the answer. Liked our newsletter? Take some time out to fill this form. Till then, keep thinking, keep asking, and have a safe stay. Bbye!
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