ANI |
Updated: Dec 07, 2023 04:37 IST

Mumbai (Maharashtra) [India], December 7 (ANI): As many as seven sports activities startup corporations have been shortlisted for the Pitchbook Competition throughout the nation’s first-ever Gujarat Sports Startup Conclave, which is scheduled to be held on December 11 on the TransStadia University in Ahmedabad.
Over 60 high sports activities startup corporations have registered for the Conclave because the window for making use of got here to an finish on December 02, 2023.
“India’s presence on the global sports map has grown exponentially. The sports industry is no longer just about competition; it’s a booming economic sector with immense potential. A large share of credit for this transformation goes to our respected Hon’ble Prime Minister Shri Narendra Modi Ji, whose enthusiasm and consistent support for our athletes have played a pivotal role. Hosting Gujarat Startup Sports Conclave within the framework of the Vibrant Gujarat initiative marks a substantial effort in our pledge to enhance the sports ecosystem and endeavours to attract investments, catalysing economic development and positioning Gujarat as a key hub for business and trade,” state minister for Youth and Sports and Surat MLA, Harsh Sanghavi, was quoted as saying in a launch.
The conclave is being organized by the Sports Authority of Gujarat, in partnership with TransStadia University and Sportscom Industry Confederation and backed by Startup India, i-Hub, the sturdy incubation setups which have been working with the Gujarat Government to facilitate ‘Next Generation Entrepreneurship’.
The Gujarat Sports Startup Conclave will probably be an intersection between sports activities and enterprise in alignment with the federal government’s imaginative and prescient of the expansion of sports activities in India and recognise the excellent achievements within the sports activities enterprise panorama throughout the nation, the discharge said.

The conclave is not going to solely showcase India’s potential as a sporting powerhouse but in addition bolster the startup financial system and the expansion progress of sports activities in Gujarat in addition to different elements of the nation. It additionally intends to encourage and assist the nation’s youth to discover the large enterprise potential of the sports activities market, it added.
The jury comprising Nagarajan M (IAS, Collector, Mehsana), RS Ninama (IAS, Director General, Sports Authority of Gujarat), Saumil Majmudar (Co-founder, Managing Director & CEO, Sportz Village), Rishikesh Joshi (Founder, Sports for All), and a pair of representatives from i-Hub evaluated and shortlisted seven startup corporations after detailed scrutiny of all of the sports activities corporations who had utilized.
The seven shortlisted startups will compete on the Pitchbook Competition on the occasion day, showcasing their enterprise concepts and merchandise to a panel of seasoned judges who’re acclaimed within the area of Sports on December 11, 2023. The panel of judges will determine the highest three startups and they are going to be rewarded with Rs 10 lakh, INR 7 lacs and Rs 4 lakh respectively, the discharge knowledgeable.
A comfort prize cash of Rs 1 lakh every could be given to the remaining 4 startups. Further, together with a one-time money prize, they may even have an opportunity to get mentorship from business consultants, it added.
In addition to the profitable money prize, the highest 15 startups chosen by the jury members will get free stalls to show their merchandise and concepts throughout the exhibition held on the sidelines of the Gujarat Sports Startup Conclave.
“We want to recognize and motivate sports startups in the industry through one of its kind Pitchbook Competition and I am glad that so many sports startups have reached out to us,” the Sports Minister added. (ANI)