Students of Vellore VIT Vicara Tech won the grand finale of 'Demo Day-2016', the widest startup challenge organised by Startups Club at IIT (Madras) Resource Taramaniin the city, over the weekend.
The VIT Vicara Tech team, consisting of Abishek Sathish, Adarsh Warriar and S Vignesh, also bagged the cash prize of Rs five lakh, a statement from the organisers here today said.
According to the students "Vicara Tech is a University startup based out of VIT, Vellore. We are invested into developing technology that can transform the standards of digital interaction''.
They said ''we are a team of technology hackers who love to challenge the status quo. Our products, KAI is a minimalistic wearable that enhances your interaction with the digital world through intuitive gesture input''.
According to Salma Moosa and Vivek Srinivasan, Founders of Startup Club, the Demo day challenge was conducted across India in 10 cities.
The demo day gave the Startups an opportunity to pitch to a select jury which included angel investors and entrepreneurs who have been through the journey.
The total prize money on offer was Rs 15 lakh.
As part of this competition, Rs one lakh was given as prize money for the winners of the Demo Day events held in 10 cities across the country.
The 12 winners Appaiye (Bangalore), Reanura (Chennai), Shop Ad Space (Hyderabad), Mytraings ( Coimbatore), C9Ads (Mumbai), MySchool Depot (Delhi), InstaKYC (Pune) Lets Gig (Pune), Ethnic Smart (Kochi), Saathipads (Amedabad), Smart technologies (Vizag) and Vicara Tech (Vellore) participated in the final event at IIT-M.
All the winners also got an opportunity to come to the finale and compete to win a Rs. 5,00,000 cash prize and an opportunity to connect with all of the jury members from the various cities where the Demo Day was held.
Mr Vivek Srinivasan said ''across the cities, more than 90 startups pitched as part of the Demo Day and close to 1000 entrepreneurs attended these pitch events. The Finale in Chennai saw more than 500 members attending the event.
''Our long term vision is to turn the Demo Day into a celebration of entrepreneurship. Keeping with the theme of growth, we plan to take the event to 20 cities and three countries next year'', he said.
''We will be focussing on five different tracks, that centredon innovation and themes. We also wish to focus on the angel funded startups that are looking at raising their next round of funding. We want to build stronger bridges across continents and make it possible for our members to leverage the same; whether it is startup from Paris looking to explore the Indian market or seek an Indian mentor/investor or a startup from India looking to venture overseas'', he added. UNI GV CS 1230
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