IIM Calcutta Alumni Association along with IIM Calcutta Innovation Park launch Clarion Call 5.0 with an investment commitment corpus of US$ 8.5 mn

IIM Calcutta Alumni Association (IIMCAA) along with IIM Calcutta Innovation Park has announced Clarion Call 5.0 – a platform to promote entrepreneurship where start-up founders can find the best fundraising, incubation and mentoring options. The platform commits an investment corpus of USD 8.5 mn (INR 65cr).

Promising start-ups can pitch their business ideas to 5000+ Angels and 7+ Institutional investors who have committed a corpus of USD 8.5 mn (INR 65+ Crore). The winners will have the opportunity to procure funding at an early stage and find the right guidance to scale up their companies.

The top 20 finalists will get a chance to be incubated with various partners, such as – IIM Calcutta Innovation Park, BSE Incubator ZONE Startup, and others. Finalists not only get engagement with prospective investors but also exposure to industry experts and IIMCAA mentors. The program invites the best and most reputed IIM alumni from across the world to guide the finalists and support the startup ecosystem.

Speaking on the upcoming event Mr. Subrat Pani, Co-Founder of OneAssist & Member IIMCAA-MUMBAI & Lead Organizer for Clarion Call 5.0 said, “With Clarion Call 5.0 we aim to keep the alumni of IIMC connected and explore the innovative business ideas worked upon in our country. Its intent is to contribute to the ecosystem by providing support and acceleration for these ideas to flourish and thereby get ready for their next steps in the market. This year will mark the 5th edition of Clarion Call, and we are looking forward to many promising startups getting their well-deserved funding.”

Shri Ashish Chauhan, MD & CEO of Bombay Stock Exchange & Honorary President of IIMCAA-Mumbai, said: “Through Clarion Call we at IIMC aim to bring together complementary knowledge, experience, and networks to accelerate entrepreneurs. With our forum continuing to grow in success and start-ups funded, the buzz around the event is also increasing.”

He added, “It’s a great initiative for the alumni of IIMC to be connected and to keep contributing to the ecosystem. We are all looking forward to a successful Clarion Call 5.0 so come and register with us and see your idea become a success!”

The IIM Calcutta Alumni Association is a close-knit community across batches over the years. IIM Calcutta Alumni Association Mumbai (IIMCAA Mumbai) has been at the forefront of bringing the power of the IIM Calcutta Alumni network together to impact the start-up ecosystem in India via the Clarion Call event. United by their campus allegiance, and having tasted various degrees of success, the Alumni network has been putting together Clarion Call over the years as their way of ‘Paying It Forward’ to help startups further their efforts in navigating this complicated landscape.

About Clarion Call

Clarion Call was conceptualized in 2016 with a vision to identify and support promising start-ups with the help of the alumni network. This is the 5^th edition (4 previous editions have been successfully held in 2016/17/19/21) that has just been launched. IIMCAA-M is a not-for-profit organizations that is conducting this event with the vision to create a platform and a program to give promising and deserving start-ups access to funding, incubation, and mentoring apart from visibility, prizes, and credits.

Registration Details: https://contest.iimcip.org/apply-now/Clarion-Call-5.0

About IIMC Alumni Association Mumbai:

Formed in 2009, the IIMC Alumni Association Mumbai is registered as a Trust under the Office of the Charity Commissioner, Mumbai. All alumni in Western India, including Mumbai, Pune, Ahmedabad, etc., can become a member of the Association. The Association is run by a team of Trustees and a Managing Committee, all of whom perform their tasks on an honorary basis.

The Association conducts 3 annual events under its banner: Nostalgia, Clarion Call and Guru Speak. In addition, the association may hold other events during the year if and when suitable. The ManCom constitutes a working committee for each of the annual events, with a Head of Team for each event. All such heads and team members are volunteers and their work is entirely honorary.