IIM-K's 'Coop Pitch 2024' Set to Boost Cooperative Business Models Among Youth

Join the Future of Cooperative Entrepreneurship: IIM-K Launches 'Coop Pitch 2024

The Indian Institute of Management Kozhikode (IIM-K) will conduct a dynamic competition to encourage cooperative business among the young generation named “Coop Pitch 2024”. This event, scheduled for October 16-18, 2024 and is intended to inspire and empower young entrepreneurs by providing opportunities to explore creative company models.

'Coop Pitch 2024', organized with the ICA Domus Trust (IDT) and the Uralungal Labour Contract Cooperative Society (ULCCS) Limited, is an important aspect of ULCCS' centenary celebrations. The competition will provide a forum for participants to explore five critical areas: Agri-tech and safe food, care economy and social sector, platform cooperatives, sustainability and the green economy, and education and skills, according to an official announcement. These industries were chosen because of their potential impact on future cooperative ventures and societal growth. Participants will participate in hands-on activities led by specialists in cooperative business models.

The top three teams will receive cash awards totaling ₹1,00,000, including the first reward of ₹50,000, second prize of ₹30,000, and third prize of ₹20,000, according to the release. Winners will also receive a year-long mentorship program to help them expand their cooperative firms. In conclusion, to boost cooperative entrepreneurship and equip young brains with the resources and assistance Coop Pitch 2024 is an important platform. By focusing on essential aspects of modern business and providing large incentives and coaching, the competition will build a new generation of entrepreneurs capable of driving positive change in the business world.

Editor’s Note:
 

The next "Coop Pitch 2024" sponsored by IIM-K is a key initiative to promote cooperative business among youth. The cooperative model promotes shared wealth by allowing for greater engagement in the economy. Cooperatives, unlike standard company structures, divide ownership among all members rather than concentrating it in the hands of a few. This event showcases the possibilities of cooperative business models while also aligning with the growing need for collaborative and sustainable solutions. The inclusion of hands-on activities and year-long mentorship adds to the value of this competition, providing competitors with both practical experience and ongoing support. 

Skoobuzz applauds the IIM-K for this effort, which demonstrates the university's strong commitment to developing the next generation of advanced and competent entrepreneurs. This initiative demonstrates a proactive approach to training innovative leaders capable of driving future economic and social improvement.