The Hult Prize at IOE 2023-24: Entrepreneurship Talk Show II – Navigating the Startup Culture with Industry Leaders and Inspirational Insights

What made the Entrepreneurship Talk Show II – Diving Into Startup Culture organized by Hult Prize at IOE 2023-24 so appealing?? It might be the Guests, CD,OCs, volunteers, audience, or $1 million. Here is a summary of what transpired, in case you missed the orientation that took place on the 6th of January via the online platform, Zoom.

The Hult Prize, also known as the Nobel Prize for students, is an annual international competition that encourages young people to develop creative social businesses that address some of the world’s most serious problems. Given that the winner receives $1 million to realize their idea, it is a title that is well-deserved.

The programme got underway by welcoming our esteemed guests. With the startup’s strength shining, redefining success and celebrating achievements, Hult Prize at IOE, Pulchowk Campus conducted its energetically executed second phase last Saturday. The program, held online 7:30 PM onwards through Zoom, covered entrepreneurship discussions. Hult Prize at IOE, preparing for the competition, emphasized mentorship sessions for participants.

The program, themed “Diving Into Startup Culture”, featured the founder members of the app “Froker,” who shared their experiences and principles for successful business ventures. Guests included Mr Akshat Saxena, Production Manager at PhonePe, Saurabh Singh, Business Analyst at Paytm, and Mr Amogh Saxena, Software Developer at Amazon, along with an invitation to Ms Prachi Patel as a guest.

Ms Simran Maharjan, the program’s emcee, began the formal proceedings, passing the stage to Mr Aditya Pandey, Campus Director of Hult Prize at IOE 2024, for his remarks. Aditya presented a captivating video prepared by the technical team, highlighting this year’s theme. Following the video, Mr Akshat Saxena and Froker’s founder, Mr Amogh Saxena, delved into an in-depth exploration of Froker, offering valuable insights into startups and business.

Mr Amogh, an Amazon Software Developer, stressed the need for sustainable utilization of available resources and explained how startups can survive in the long run. He also shared thoughts on fostering a positive impact in society beyond mere profit-making. Encouraging youth to contribute positively to society in any field, he emphasized the importance of a mindset focusing on societal improvement without individual interests.

Ms Prachi Patel encouraged participants to adhere to three principles: understanding your first customer’s problem, ensuring ownership acknowledgement by the second consumer, and simplifying the third consumer’s experience. Ms Prachi emphasized that startups and businesses need to excel in all three areas to succeed. She also stated that participants should be prepared for a journey with a long-term vision and shared her experiences for guidance.

Mr Akshat, reflecting on his experience in the program, discussed how technology is not confined to the realm of science. He emphasized that one can start a startup in any field if there is a desire and presented the idea of drawing inspiration from the environment around oneself. While acknowledging the evolving nature of technology, he insisted on remaining powerful even as times change. Mr Amogh also discussed the importance of harmony in humanity and the significance of a collaborative approach in business.

Although being absent due to an emergency, Mr Shaurya, through Mr Amogh, extended his message to participants. He discussed initiating new plans, seeking support from various sources, and setting up businesses without capital deficiencies. Mr Akshat also advised not to fear taking risks and to learn from mistakes, stating that learning from other’s mistakes can be more beneficial than correcting one’s own.

The curiosity of participants was addressed by the guests during the Q&A session, with the discussion progressing to a more interactive and engaging phase. The presence of enthusiastic and active participants added an extra layer of interest to the program. The sponsors of the Hult Prize, including Protozoa Host, Taskade, and Rastriya Banijya Bank, played a vital role in successfully conducting the program on a grand scale.

As evidenced by the program’s seamless continuation without any hurdle, immeasurable support and assistance were provided by the Hult Prize Nepal community.

To sum up, the Entrepreneurship Talk Series II organized by Hult Prize at IOE, Pulchowk Campus was undoubtedly a grand success.