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Six degrees is the theory that any person on the planet can be connected to any other person on the planet through a chain of acquaintances that has no more than five intermediaries. Edify 2020 with a theme 6 degree – A Blazing quest for Nexus was inaugurated by Mr. Walter Nandalike. Director Dr. Molly S Chaudhuri welcomed the Guests. Ms. Nanditha Sunil, Faculty Coordinator of Edify 2020 briefed the gathering about the programmes planned for the day. Mr. Nandalike emphasised on positive thinking and encouraged the participants to take criticism positively & not to be ashamed to commit any mistake, as mistakes are our stepping stones towards success. The function was presided by Mr. Devananad Pai Secretary WNES. We had 18 Colleges who had participated in various events held during the day. Our students were able to learn a lot of new things while engulfing themselves into the fest. Post the inaugural program there were different events. Among the events were:

1. Capella  - “It’s time for an expert” related to Finance. 
   
2. Algol  - “Human resources isn’t a thing we do, it’s a thing that runs our business” related to Human resource.
   
3. Polaris - “Great Ideas start with a scribble” related to Marketing.
   
4. Mintaka - “The struggle is real but the Triumph is Surreal” related to Best management team.
   
5. Denebola - “Where a smart answer won’t get you fired” related to quiz.
   
6. Alnilam  - “If you have been delayed, then it’s time to take a relay” related to Relay Team.
   
7. Canopus - “Champions keep playing until they get it right” related to Best Manager.

This event provides an open platform for the holistic expression of talent besides bringing together youngsters of various educational institutions to celebrate creativity, innovation and the spirit of participation & Networking which is connected to our theme 6 degree.

“EDIFY 2020” was concluded at the end of the day with a valedictory programme. CEO of Spearhead Group Mr Brian Fernandes was the chief guest of the valedictory programme. Addressing the gathering Brain Fernandes said “As you learn, have lots of fun because after you leave the institution the fun stops and only learning remains. There is a manager and a leader in each of us. We have to rise from becoming a manager to a leader by committing SIN – strategy, Integrity & Innovation.” He also advised the students to compete against themselves and not with others and to do the task better than yesterday.

Mr Raghava Kamath in his presidential address to the gathering spoke about the all round development of an individual and how it helps one succeed in life. 

The winners of the various competitions were announced during the valedictory. Overall Champions - AJ Institute of management, Runners – Up: Shri Devi Institute of Technology, MBA Department Kenjar

Prof. Nanditha Sunil, Faculty Coordinator welcomed the gathering  Ridhvika Shetty, Faculty Coordinator of Edify 2020 briefed about the event. The programme concluded by National Anthem.

The inaugural function took off with seeking the blessings of almighty by Ms. Sushmitha, Final MBA student. Later Mr. Suresh Shenoy, Asst. Professor read the security statements. He briefed the audience regarding the security measures taken by the institute for their safety presence in the auditorium.

Dr. Molly S Chaudhuri welcomed the dignitaries and briefed about the conference. Talking about the conference purpose she said that, India is the third-largest ecosystem for startups globally and has given birth to some of the world’s most impressive unicorns Management Institutions usually have a strong impact on new business growth and development. The institutions should enable startups with a stable business model to become a permanent organization.

The chief guest inaugurated the conference by releasing the conference proceedings in the form of an e-book consisting of the conference papers. The book titled on the conference theme ‘Startups in India: Challenges, Issues and Opportunities’ was edited by Dr. Molly S Chaudhuri and others. The book has 35 research articles representing the various sub-themes of the conference. The book bears ISBN-978-93-5396-791-8.

After the release of the book, the chief guest, Dr. V Ravindrachary delivered the inaugural address. Shri V Leeladhar Former deputy governor, RBI delivered the keynote address on ‘Startups in India.’ 

Keynote address was followed by the vote of thanks. Mrs.Usha Mogra, Asst.Professor thanked the chief guest, other dignitaries on and off the dais, delegates and other distinguished guests.

Mrs. Nanditha Sunil, Asst.Professor compered the inaugural ceremony. After the inaugural ceremony, the conference proceeded to technical sessions.

The first technical session (10.45-11.45) was conducted by Mr. Bobby Pauly, Partner– Tata Opportunities Fund. Mrs. Reema, Asst.Professor introduced the speaker to the delegates. Mr. Bobby took the session on ‘Role of Private Equity in Promoting Start-ups’. How to become an entrepreneur, what do we need to become an entrepreneur, role of venture capital in initiating a business were some of the aspects are discussed and he enthralled the student community by quoting some successful stories of business people. Mr. Pauly also answered the queries of the audience. Mrs. Reema thanked the speaker and the audience.

The second technical session (12.00-1.00) was handled by Dr. Madanmohan Rao, Research director at YourStory Media. Mrs. Divya Shetty, Asst.Professor introduced the speaker to the audience.

Dr. Madanmohan Rao engaged the session on the theme ‘From Jugaad to Frugal Constraint-Based Innovation. He said that like Jugaad we should have a flexible approach to solve problems, and be innovative in our doings and it is mandatory for an entrepreneur. He discussed juggads in four different actions. The session was highly informative and was highly appreciated by the audience. Questions asked by the audience were also attended by the speaker. After the question-answer session Mrs. Divya Shetty thanked the speaker and the audience. After the 2nd technical session the conference was deferred for the luncheon.

Paper presentation by delegates in the parallel session was commenced from 1.45-2.45.  35 Research papers were presented both by academicians and students. Dr. Praveen, Associate professor Besant Women’s College, Mangaluru and Dr. Nayana, Associate professor, GFGC Balmatta were the chairpersons and Mrs. Rashmi H, Asst. Professor, GFGC, Belthangady and Mr. Suresh Shenoy, Asst. Professor, MSNM Besant were the rapporteurs for the paper presentation session.

The third technical session was started at 2.55-3.55. This session was conducted in Virtual form. The theme was Role of incubation centres in promoting Start-ups. The speaker for this session was Mr. Gaurang Shetty, Chief Innovation Catalyst Research | Innovation | Incubation | Design | Lab (riidl ).  Mrs. Nanditha Sunil, Asst. Professor had led the virtual session.  Mr. Gaurang Shetty spoke on how to incubate an idea, an idea may be good or bad, don’t wait till it perfect, create things which people need, build a founding team, how to find investors and mentors and so on. It was an interactive session and the audience clarified their doubts about the incubation centers.   After the question-answer session, Mrs. Nanditha thanked the speaker and the audience.

After this session the conference proceeded to Panel Discussion, Mrs. Ridhvika Shetty, Asst. Professor introduced the moderator and the panel members to the gathering. Dr. Madan Mohan Rao was the moderator for the session.  Ms.Tanuja Maben, Founder of For-rader Academy, Ms.Prachetha Shetty, Director and COO of Thacher Farm tech Pvt Ltd, and  Mr. Prajwal M, Community manager in IKP Knowledge park participated as panel members. The panel discussed how an idea can be developed into a business, they shared their experience while answering the questions of the moderator.

Completion of the panel discussion led the conference to its last event; that is nothing but Valedictory Function.4.30-5.00 p.m. The Valedictory ceremony started with the presentation of clippings of the conference events that have been witnessed since morning. Mrs.Ashalatha, Asst. Professor and one of the conveners of the conference welcomed the chief guest and the other dignitaries on the dais and off the dais. Mr. K Devanda Pai, Secretary, WNES was the chief guest for the occasion. 

After the introduction of the chief guest, Mr. Ravisha B, Asst. Professor and the convener of the conference delivered the general Rapporteur Report. He narrated the events of the conference from its inaugural ceremony to valedictory. 

The general rapporteur report was followed by the valedictory address by the chief guest. Mr. K Devananda Pai in his valedictory speech said that the government of India is providing ample facilities for the growth of Start-ups and the present youth should utilize these facilities and develop into job creators rather than job seekers. He congratulated the organizers of the conference for holding the conference on such a theme. Dr. Vishnu Prasanna KN, Dean delivered the Vote of Thanks. The ceremony and the conference came to an end to the tune of the national anthem.

Mrs. Nanditha Sunil, Asst. Professor compered the valedictory ceremony.

Conference certificates and the conference proceedings were distributed to the delegates.

Preconference workshop on start-ups in association with Kanara Chamber of Commerce and Industry (KCCI) was organized on Wednesday, 19th February 2020 at Nethravathi Auditorium.

There were more than 300 participants in the workshop out of which 96 participants comprise of members from corporates, faculty members and students from institutes in and around Mangaluru

Objectives: Students should be encouraged to develop an entrepreneurial mindset through experiential learning by exposing them to training in cognitive skills (e.g. design thinking, critical thinking, etc.), by inviting the first generation local entrepreneurs or experts to address young minds. Initiatives like idea and innovation competitions, workshops, seminars, conferences, exhibitions, mentoring by academic and industry personnel, throwing real-life challenges, awards and recognition should be routinely organized. To prepare the students for creating the start-up through the education, integration of education activities with enterprise-related activities should be done.  With this objective workshop on startups was organized.

The workshop began with the prayer; Ms. Rahasya Pai from KCCI welcomed the gathering, Mr.Isaac Vas, President of KCCI inaugurated the workshop by lighting the lamp. Mr. Kudpi Jagadish Shenoy, President of Womens’ National Education Society (WNES) presided over the programme.

Addressing the gathering, Mr. Isaac Vas said that there are three types of entrepreneurs: Those who do business solely for profit, those who believe in giving the best products and services to consumers and lastly those who want to bring about change. “Ideas that seemed crazy or even imaginable just a few years ago are commonplace today,” he said, pointing to Uber, Ola, and Airbnb as examples.

He advised the delegates to harbor high entrepreneurial vision. “The world is changing demographically and there is enough space for new entrants in business,”

Dr. Molly S. Chaudhuri, Director of MSNM Institute gave a vote of thanks. Mr. Muddassir Khadar, Asst. Professor was the programme compere.

Mr. Ajith Kamath K., Mr. Naveen Narayan, Mr. Santosh Prabhu, Dr. Madanmohan Rao, and Mr. Avinash Karanth are the resource persons for the workshop. WNES Vice President Mr. Manel Annappa Nayak and members Mr. Nagar Narayan Shenoy and Mr. Raghav Kamath were present.

Inaugural program was followed by technical sessions.

Expert Session 1: Business Plan

Speaker: Mr. Ajith Kamath, Proprietor of Ajith Enterprises

 Mr. Ajith Kamath cited examples from his own journey, such as becoming eligible to bid for contracts by first becoming a sub-contractor to gain experience. He also called for more exposure about the business and entrepreneurship world for engineering and IT students, and vice-versa.
 Though circumstances may change the business plan helps see broader connections, and holds the founders and employees accountable to their commitments. The very act of writing things down makes concepts, marketing, and financials more explicit, Ajith explained.

Expert Session 2: How to fund your Start-up

Speaker: Mr. Naveen Narayan, Fellow Member, Institute of Chartered Accountants of India.

Funding needs for entrepreneurs vary across the stages of ideation, discovery, validation, customer creation, and company building. Funding sources for the startup journey vary during ideation (self-financing, business plan competition prizes, family), validation/seed (angels, crowdfunding, incubators, government grants), early traction (Series A: early stage venture capital), and scaling (growth stage VCs, PE). There are also grants given to new startups, but not to modified entities formed by splitting up or the reconstruction of an already-existing business. There are also grants given to new startups, but not to modified entities formed by splitting up or the reconstruction of an already-existing business. Mr. Naveen advised founders to research the implications of each type of investment with respect to risk, repayment, involvement, duration, and return to investors, pressure, and decision-making.

Expert Session 3: Legal Compliance

Speaker: Mr. Sathosh Prabhu, Co-Founder Intelex IP Solutions

Mr. Santhosh Prabhu said, the foremost and pretty crucial thing after the incorporation of a business entity is to follow up with its compliances. Hence, before you register your company, you should know whether you would be able to comply with its compliances or not.   But how would you figure out? For the same, you need to find out the compliances of the business entity you have chosen to register with. He also gave the details regarding the registration process and formalities.

Expert Session 4: Business Scalability

Speaker: Dr. Madanmohan Rao, YourStory Media  TiE Bangalore

Dr. Madanmohan Rao insisted on the journey from ideation to scaling up business ideas. Founders need to reflect on their journeys and aspirations and decide whether they want to remain small enterprises or global players. He also gave examples range from corner medical shops to large-scale chains like Radha Medicals or CVS. Ola and Paytm are good examples of Indian startups going global.

Expert Session 5: Native Startups

Speaker: Dr. Lionel Aranha, Chartered Accountant & a Lawyer in consulting practice in the Finance & Legal Area.

In his session Dr. Lionel Aranha discussed the different ideas for entrepreneurship while looking at innovation leading to Start-up/Incubator. He discussed the different concepts and issues related to upcoming entrepreneurs with reference to global examples and challenges in the world economy at large. He also invited students to discuss any of their ideas or business in-process so as to make it more realistic and opportunistic.

All the sessions were followed by questions and answers session in which students got their doubts solved. All the speakers’ encouraged and motivated participants to think out of the box and insisted the youth to be in start-up and create the success story of their own venture. The program was quite informative and interesting too.

Feedbacks were taken from all the participants. Positive response was received from major set of participants, with most of them requesting for further such workshops.

An analysis of the Union Budget was presented by Mr S. S. Nayak on Friday February 7, 2020 at Swarna Hall. The Union Budget for the Fiscal Year was presented by the Finance Minister Ms Nirmala Sitharaman of Saturday February 1, 2020 in the Lok Sabha. 

CA S.S. Nayak is a Practising Chartered Accountant in Mangalore for the last 31 years. He completed his CA Articleship from C Agarwal and Co, Mumbai and LLB(Gen) from Mumbai University. Mr. Nayak is an active member of various professional bodies and has delivered numerous expert talks in national as well as international forums. He was an invited speaker at the Muscat Chapter of the Institute of Chartered Accountants of India on topics of FDI and NRI Taxation. He was also an invited speaker in world famous “AKKA” Sammelana in 2018 held in Dallas, USA.

Mr. Nayak is continuously delivering lectures on “Analysis of Union Budgets” in various forums for the last 2 decades. He is regularly featured in Namma Kudla 24*7 Channel “Business Tonic”, a popular programme for Entrepreneurs on Finance, Taxation, Property and other business matters. His expert views on the topics have been well received across sections of society. He is an active member of many social/professional organizations. He regularly writes columns on Tax and Financial matters in newspapers and magazines. He is also the author of "Words of the Wise" and "More Words of the Wise".

Mr.Nayak has mentored thousands of MSMEs in the region and has been bestowed with "NITTE-KBL LIFETIME ACHIEVEMENT AWARD 2018" for his immense contribution for growth & development of MSMEs at the Nitte-KBL MSME Conclave held at Mangalore in November 2018.

He has also been awarded the "Life Time Achievement Award for mentoring thousands of MSME start ups" at the BCCI-HDFC Bank MSME Conclave held at Mumbai in March 2019.

He was awarded the "Samaja Ratna Award" at Rajangana Shri Krishna Temple, Udupi in May 2019 for his immense contribution to the society.

Mr SS Nayak began by explaining the salient features of a union budget and the changes in India’s Budget since 2017. He stated that the date for presenting the Budget advanced from March to early February, to allow for discussion on the bill. He also stated that since 2017, the Railway budget has been incorporated with the Union Budget. He also stated that GST is governed by the GST commission and falls outside the purview of the Union Budget.

Commenting on the features of the Union Budget 2020, he stated that Agriculture, Start ups and MSME sectors have been the main focus, with revisions made to various benefits. Another significant change is the modification in the tax slab for Income tax, and the option of selecting the preferred tax scheme. One point to be noted is that where the assessee opts for the lower tax bracket, he forgoes essential deductions such as HRA, LTA etc. there has also been a change in the criteria for determining Ordinarily Resident in India. This is to ensure all Indians, whether resident or NRI pay tax, either in India, or elsewhere. Other features of the Budget include the change in exemptions to real estate and housing, abolition of Dividend Deduction Tax,  auditing and filing of returns by Individual, Partnership firms and HUF, capital gains tax, and education. A new scheme introduced by the ministry involves local corporations and municipal bodies hiring fresh engineering graduates for a one year internship program.

Mr SS Nayak opined that the present government is aimed at increasing spending and consumption to give a boost to the economy, rather than savings. This is depicted in the removal of many standard deductions enjoyed in the past. 

The programme began with a prayer by Ms. Sushmitha, followed by the presentation of Security statement by Prof. Reema Agnes Frank. The welcome address and introduction of guests was given by Prof. Nanditha sunil.

George Albuquerque is the fourth generation entrepreneur for this traditional family owned business A Albuquerque and Sons, Mangaluru. He is presently the managing director of this firm which is a reputed manufacturer of clay roofing tiles. It was established by his forefather Alex Albuquerque Pai in 1868 under ‘Sun’ brand name. It is the first tile factory in the region to be started by an Indian. Today, it is also the oldest surviving tile factory in Mangaluru. Their tiles are used in India as well as abroad.

Speaking about his experiences of having worked closely in the tile industry for the last 48 years, Albuquerque highlighted the nuances that went in to the running of the firm’s business after the death of his father, Cyril Albuquerque. Highlighting his journey of success and challenges in the family business, he spoke of how tile industry was adversely affected due to the modern construction practices shifting from tiles to concrete and sheet roofing. Encouraging the students to become entrepreneurs, he stressed on the need for integrity and a “Never Say Die” attitude. “Always be ethical and honest in your dealings,” he advised the students and budding entrepreneurs.

Cecilia Albuquerque, members of the governing council of MSNM Besant Institute and Women’s National Education Society were present on this occasion. As part of the programme, the dignitaries planted a mango sapling in the campus. Later, they lit the lamp at the portrait of the institute’s founder President, late Manel Srinivas Nayak, after whom this institute and the dialogue series is named.

Initiating the dialogue series, a number of questions were posed by Sri V. Leeladhar to Sri. George Albuquerque relating to his personal and entrepreneurial life. Sri. George Albuquerque spoke on his early life, his career growth, his life experiences, deep insights about his entrepreneurial journey, the need to read inspirational books, ability to dream big, importance of intelligent hard work, importance of balancing personal and professional life.

The audience comprising of faculty members and students of other colleges and ours of were very much appreciative of the way Sri V. Leeladhar conducted the entire programme. They deemed it a great opportunity in their life to have witnessed the deliberations of two great personalities Sri. George Albuquerque an entrepreneur par excellence and Sri V. Leeladhar, who is internationally known for his financial acumen and transformational leadership. Dr. Molly S Chaudhuri, Director of our institute proposed the vote of thanks.