Singapore : A 22-year-old IIT Delhi student has been named as the most Promising Young Entrepreneur at a business competition here.
Chiraag Kapil, led a team of five from Indian Institute of Technology, Delhi, in the 8th Lee Kuan Yew Global Business Plan Competition and won the award prize of $5,000 last night. “I feel brilliant. It is one of the most exciting things that happened in my life. (I am) very privileged to be called Most Promising Young Entrepreneur,” Chiraag told PTI after receiving the award. Chiraag’s team Leaf from IIT Delhi also won the second prize of USD 12,000 for its revolutionary smart pendant called SAFER, which together with an app, serve to enhance the safety of women. When a woman feels threatened, she just needs to press SAFER twice.
An alert and her location will be sent to the people she had pre-designated as Guardians, as well as nearby SAFER users who will be able to track her location real-time by navigating on maps. The SAFER app is installed on mobile/cell phones for transmitting messages. SAFER is developed by five co-founders of Leaf Innovation Pte Ltd, a start-up from IIT Delhi which is seeking $500,000 funding to expand its jewelry-embedded app product globally.