Indian Institute of Management-Bangalore (IIM-B) finished second in the national finals of the Venture Capital Investment Competition (VCIC) held on December 22 in Bengaluru. The Indian School of Business team came first.
Organised by UNC Kenan-Flagler Business School of the US, VCIC is a unique event in which MBA students emulate the life of venture capitalists. VCIC was conceptualised in 1998 and today, it is the largest venture capital competition among top business schools globally.
Unlike business plan competitions in which students pitch their own ideas to investors, at VCIC, students are the investors with entrepreneurs pitching to them. The event also provides entrepreneurs with an opportunity to connect with investors and VCs get an early peek at viable deals. This year’s edition saw participation from the campus winning teams of IIM-Bangalore, IIM-Ahmedabad, IIM-Calcutta, IIM-Lucknow, Faculty of Management Studies (FMS) Delhi, and Indian School of Business (ISB); Mayuresh Raut, Managing Partner, SEA Fund; Abishek Surendran, Partner, Pi Ventures; Kshitij Saxena, Co-founder and CEO, Autoninja and Ganesh Nayak, Director, Letsventure, were judges at the national finals. The event was jointly conducted by the Venture Capital Society and the Entrepreneurship and Innovation Cell (EnI) of IIM-Bangalore.