CMR Institute of Technology
CMR Institute of Technology
Blog Article
Students' Outstanding Achievements at CMR Institute of Technology :
Some examples are truly inspiring to motivate oneself in many ways. Here is an example that has been set up by the CMR Institute of Technology that will be a mind-blowing one.
Abhay is a CMR PU College student, and he was a vegan activist when he entered CMRIT for Engineering. Observing his ability to balance education & entrepreneurship, the faculty handling his class has encouraged Abhay to participate in the FKCCI Manthan business competition. Manthan is a business plan competition which offers training in sales, marketing, business plan preparation, pitching, financials, etc, and it spans over 6 months and is one of the few competitions that grooms entrepreneurs. Abhay went through this process, won a Rs 50,000/- prize, and importantly, pruned his business skills. Then came the design thinking training offered by Stanford University and sponsored by Google in September 2016. Abhay is one of the three students selected for Stanford UIF and went through the training through Google’s US$4000 scholarship. This enabled Abhay to identify pain points in his venture and go on to procure equipment to make vegan products at his home. He made his mother a partner and registered a company called Veganarke Private Limited and started scouting for funds for expansion. He got valuation done for the company at about 2.5 Crores and explored options from commercial papers to equity selling to debentures. Abhay struggled for about 8 months and during which he came to know about startup funding and the ecosystem. This was the period when software and mobile app funding was profound in India, and Abhay was advised to explore outside India funding. Abhay got into the Wharton entrepreneurship program at Boulder, Colorado, USA, with a scholarship and at the same time secured an equity selling deal at US$ 4,00,000 (Rs 2.5 Cr) for 15% of his venture. He also launched Vegan products like milk, curd, and grabbed most of the Bangalore market through word of mouth, goodwill, and 'believing in what he is doing'. He also went for online marketing through a webpage, and due to his over 80% margin model, Abhay could launch his product. During the Colorado training, he was featured in "Forbes Magazine" as one of the few budding entrepreneurs and a future game changer. A telecommunications engineer (TCE) going from vegan activist to vegan product developer to equity selling to foreign investor to featuring in Forbes speaks about what CMRIT students are 'capable of' and what the appropriate training can contribute to a student’s dream of becoming an entrepreneur.
The story of Abhay tells that 'one man army' still exists, and doing societal activities like 'vegan movement' may be his passion from his school days. But eventually, he did something to take the vegan movement through his products. His pricing of vegan products is so simple that even non-vegans would love to use them! The one thing we are all proud of in his story is that his first business partner is his Mother! A Richard Branson in making:) These sorts of achievements came throgh a student of CMR Institute of Technology are inspiring.
conclusion
The excellent achievements of students at CMR Institute of Technology show the institution’s dedication to academic growth & innovation & overall development. By providing a friendly environment, practical exposure, & industry collaboration, it helps students to reach their full capabilities. Choosing CMR means excelling students and preparing them for the modern, challenging world to navigate effectively.