Rajasthan Govt. Hosting 3 Day Fair On It Day: Aims To Boost Entrepreneurship

The Rajasthan government is celebrating Rajasthan IT Day from March 19 to March 21 in Jaipur to celebrate the spirit of entrepreneurship in the region

The three-day conference, which will feature remarks from CM Ashok Gehlot, seeks to bring together academics, startups, investors, and corporate leaders under one roof.

With over 50K attendees, the event is expected to attract several industry bodies and stakeholders from the Indian startup ecosystem.
Some of the key speakers intended to participate in the occasion include Ashneer Grover, a former MD of BharatPe; Charu Malhotra, the co-founder of Primus Partners; Prateek Maheswari, the co-founder of PhysicsWallah; author Chetan Bhagat; and filmmaker Kabir Khan, to name a few.

The state government’s sincere attempt to connect young innovators and aspiring entrepreneurs with key leaders of the country’s startup ecosystem is at the heart of this event. By the end of the event, these innovators and entrepreneurs will have been encouraged to pitch their ideas to investors and gain their support.

The three-day event is broken down into the following modules:

Round Table Meetings
The round table conference will bring together key industry stakeholders and leaders from various industries and backgrounds to discuss current and upcoming startup trends. They will assist aspiring state entrepreneurs in decoding strategies for developing solutions and products that can disrupt current market trends.
There will also be discussions about government initiatives between the state government and startup leaders. Several topics will be thoroughly discussed in the form of power talks, engaging fireside chats, and panel discussions.

Startup Bazaar and Startup Expo
At the startup expo, more than 100 startups that have been approved by the state government will present their goods and services, giving attendees direct access to a market and a chance to network with important state government figures.
Meanwhile, Startup Bazaar will be a simulated marketplace where participating startups will showcase their products to event attendees, including investors. More than 80 products will be on display and available for purchase directly from startups.

7.0 Hackathon
The seventh iteration of the hackathon will be a 24-hour coding competition, giving programmers and designers a chance to demonstrate their aptitude for developing original solutions. The competition will take place both online and offline, with three winners selected.
While the winner will receive INR 25 Lakhs as well as the opportunity to work with the state government, the second and third-place winners will receive INR 20 Lakh and INR 15 Lakh, respectively.
The competition’s themes include, among other things, social impact, sustainability, blockchain, education, AI, financial inclusion, and augmented and virtual reality.

Startup Companies’ Funding Day
Rajasthan Startup Policy, 2022, will be used to evaluate startups for funding. Participants will have the opportunity to pitch their ideas in front of well-known venture capitalists and angel investor capital firms.

Massive Job Fair
On March 20 and 21, the Department of Information Technology and Communication (DoIT&C) will hold a job fair at Jaipur’s Commerce College.

The event will feature over 400 companies from industries such as IT, consulting, automobiles, BPO, finance, and manufacturing. Students pursuing advanced degrees in technical education can contact these companies.
Aside from the scheduled events, attendees can look forward to a drone show and participating in a marathon covering all of Jaipur’s significant landmarks.

Startups in Rajasthan are in the Goldilocks Zone
So far, the Rajasthan government’s efforts to push the state towards digitalization have resulted in the formation of approximately 3,000 registered startups. According to the government, startup registrations in the state increased by 89% in 2022 to 641 from 339 the previous year.

It’s worth noting that funding for istartup-registered (state government-run incubator program) startups increased 260% in 2022 to INR 12.32 Cr from INR 3.39 Cr in 2021, indicating how the state has piqued the interest of investors.
According to Inc42’s startup funding report, the most active venture capitalists in Rajasthan are Sequoia, Hillhouse Capital, IFC, and Warburg Pincus.

The automotive marketplace CarDekho, which raised $250 million from Sequoia at a $1.2 billion valuation in October 2021, became Rajasthan’s first unicorn.

Since then, the state has produced several innovative startups, including agritech firm FreshoKartz, telemedicine firm MedCords, edtech firm Culture Alley, and online furniture marketplace Wooden Street, to name a few.

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