A 22-year-old IIT Delhi student has been named 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 on Thursday. “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 said after receiving the award.
His team Leaf from IIT Delhi also won the second prize of $12,000 for its revolutionary smart pendant called SAFER, which together with an app, serves 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 to 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, a start-up from IIT Delhi. Besides Chiraag, the Leaf team comprises Paras Batra, Manik Mehta, Ayush Banka, and Avinash Bansal.PTI
