The Indian interior design market has shown remarkable growth, with a worth of USD 23.2 Billion in 2020. It is projected to reach USD 38.2 Billion by 2027, boasting an impressive compound annual growth rate (CAGR) of 30% during 2021-2027. Coupled with the Indian furniture market, the combined value is estimated at USD 76 Billion. These figures highlight the immense potential for skilled entrepreneurs in the Indian interior design sector. The Concept Labs endeavors to address this need by providing a one-of-a-kind platform for designpreneurs in India.
The Concept Labs, a pioneering initiative dedicated to nurturing and empowering designpreneurs in the Furniture and Interior Design industry in India, is set to launch its groundbreaking program. This initiative will provide a comprehensive platform that combines mentorship, skill development, networking, and access to resources and funding, enabling aspiring entrepreneurs to thrive in the industry.
The upcoming launch event of The Concept Labs will witness esteemed guests from academia, industry, and prominent personalities from the field of architecture and design. The Chief Guest for the event will be Prof. (Dr.) Amit Hajela, Director and Domain Head, Architecture Planning and Design Domain at Amity University Uttar Pradesh (Noida Campus). Other eminent guests will include Prof. Vivek Sabherwal, Prof. Anand Khatri, Prof. Tapan Chakravarty, Prof. Jagbir Singh, Dr. Deepti Pandey Rana, Prof. Madhuri Agarwal, Prof. Lovlesh Sharma, Prof. Rini Saha, Prof. Jasmine Ahluwalia, Dr. (Prof.) Dipti Parashar, Prof. Sonam Batra, Prof. Shahzeb Rahman, Prof. Ranjit Mitra, Prof. Mitra Mitra, and Prof. Nidhi K. Dureja.
The event agenda will include an introductory speech on The Concept Labs by Kushagra Awasthi, providing insights into the program’s vision and mission. Mentors associated with The Concept Labs will be introduced, showcasing their expertise and commitment to supporting the designpreneurs. Additionally, industry representatives from renowned companies such as Hafele, Hettich, Dellatecnica, Bosch, Canadian Wood, Infurnia, Leitz, Felder Group, Imos, Hexagon, Biesse India, Homag India, and Aristo India will also be introduced, highlighting their involvement in empowering the participants.
The Concept Labs aims to revolutionize the Furniture and Interior Design market in India by equipping designpreneurs with the necessary tools, knowledge, and support to make a significant impact. Through a range of initiatives, participants will gain valuable industry insights, guidance, and support from experienced mentors who are experts in the field.
Expressing his excitement about the launch, Mr. Kushagra Awasthi, Chief Mentor and Founder of The Concept Labs, said, “We are embarking on an extraordinary journey with the launch of The Concept Labs, where our focus is on empowering designpreneurs and driving innovation in the Furniture and Interior Design industry. Through our comprehensive platform, we aim to foster a dynamic ecosystem that encourages collaboration, creativity, and business development. We are committed to equipping aspiring entrepreneurs with the necessary tools, mentorship, and funding opportunities to make a lasting impact in the industry. The Concept Labs is poised to revolutionize the landscape, and we look forward to inspiring and supporting the next generation of designpreneurs.”
The Concept Labs have renowned mentors such as Prasoon Srivastav, Director of Prasoon Design Studio; Amogh Sachdeva, Director of SW Cybernetics, and Sachin Arora Director, Investors Clinic, Mohit Gupta- Co-Founder, Frob (City Book Leaders), and many more industry mentors. These mentors bring a wealth of expertise and industry knowledge, providing invaluable guidance to aspiring designpreneurs. These mentors will play a crucial role in empowering participants and supporting their entrepreneurial journeys in the Furniture and Interior Design industry.
To address the funding needs of designpreneurs, The Concept Labs will establish partnerships with venture capital firms and other funding sources. This strategic collaboration will open doors for financial support and investment opportunities, enabling participants to turn their innovative ideas into reality.
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