Nurture Talent partners with VIIT Pune for Perception 2012 Entrepreneurship program

Nurture Talent partners with VIIT Pune for Perception 2012 Entrepreneurship program on 18th January, 2012. It will be conducting a business plan workshop for students.Entrepreneurship workshop at VIIT, Pune

IIT Kanpur Techkriti 2012 and Nurture Talent Academy have partnered for promoting entrepreneurship by training young entrepreneurs and students about entrepreneurship and business plan. Our efforts enable students learn and understand key steps towards starting their own ventures.

Nurture Talent Academy, India’s 1st institute for training entrepreneurs, has designed a unique program for students who are budding entrepreneurs. It is a mix of presentations, exercises, games, public speaking and group discussions. The aim is to motivate and train our students to take up entrepreneurship as a career option.

Workshop Agenda

Topic – Orientation on Entrepreneurship – Idea to Execution

Session 1:-

- Insights into entrepreneurship, challenges in starting a business
- How to generate business ideas
- Basics of incubation and angel investments
- What are the ways and means of starting your journey as an entrepreneur?

Session 2:-

- Idea to execution – key steps towards starting up.
- B-Plan training- How to make an effective B-plan?
- Basics of finance, marketing and sales
- B-Plan Games, exercise and quizzes.

Session 3:-

- Sources of Investment for startups in India.
- How to get mentors for your startup
- How to start a business during college

About Amit Grover – Founder, Nurture Talent Academy

Amit Grover, an IIT-IIM alumnus, is an individual passionate about entrepreneurship. He has worked with Infosys, Asian Paints and Onida, before starting Nurture Talent Academy, India’s 1st institute for training entrepreneurs. Started in January, 2010, with the objective of training and mentoring startups, students and professionals, it has already conducted 122 workshops, across 37 cities attended by 4300 participants. The objective is to enable 1000 ventures to start in next 3-5 years, which will generate 20000 jobs. Amit is also a member of Mumbai Angels, India’s premier group of angel investors, where he has led over 20 early stage deals in past 4 years.

Important Points to note

1. Student/Participant will get a start-up CD kit and e-books, Videos etc. worth Rs 750 free during the workshop.

2. Certificate of Participation from IIT Kanpur Techkriti 2012 and Nurture talent Academy to each participant of the workshop.

3. Program registrations are open for outside college students also.


Picking the right investor

To cater to the demand of rising entrepreneurs, there are various types of investors who have come up including angel investors and venture capitalists, in addition to the traditional sources like banks and lenders. But be careful in choosing the right investor for your venture instead of attracting vultures! Here are a few questions to ask your potential investor:

1. Do you have the money to invest?
There are enough frauds in the market who claim they are investors without having any money to invest. So just do your due diligence before sharing your ideas with them. If someone claims they have crores, ask them for Rs 1-2 lakh and see their response! Also, do not go for those who invest more or less money than you actually need.

2. Do you have the desire to invest? There is a category of rich people with money but have no clue about investing in others’ businesses. So before meeting rich people, check their investment quotient.

3. Check the legality of funds: Most venture capital funds in India are SEBI registered and listed on the public website. You can do your own check for the legality of fund from the SEBI sources. However, there is no such registration available for individual investors. You can ask the investor to share his previous history of investments and meet people who have been funded by him/her in the past to verify.

4. Personal involvement in company affairs:
There are various investors who involve themselves in the company affairs. Also, with investments, you lose a degree of control of your company. Depending on your preference as a business owner and need of business, this nature of an investor is crucial. Take time to understand the non-financial aspects of investments.

5. Value-addition beyond the money: An angel investor, network or venture capitalist should come with value addition beyond the money itself. They could help your business in customer acquisitions and hiring teams. It is important for you to understand if the investor is bringing something extra to the table beyond the money itself.

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Entrepreneurship trends

The entrepreneurship wave is picking up momentum. Let us see what kind of trends are emerging in India:

Focus on technology-enabled businesses: About 70-80 per cent of students I meet wish to start a tech business — website, mobile app or software development. The reasons include the ease in starting it, low capital requirements (compared to manufacturing) and knowledge and experience of this sector. This trend is going to have a large scale impact on Indian economy and gives way to opportunities as well as challenges.

Increase in events: Many formal and informal forums connecting entrepreneurs started last year. The interactions among entrepreneurs and investors are no longer an exclusive or once in a while happening, and there is increased involvement of various stakeholders in these events.

Rise of angel investments and venture capital: Five years ago, there were two groups of angel investors, each having 25-50 members. Today there are 10+ groups, with over 100 members as angel investors in each. Numerous venture capital investors are looking at early stage entrepreneurs as a viable investment choice.

Incubators growth: If you have an idea but no office and infrastructure, there are various incubators — either supported by the government or private. Many colleges have also announced plans to set up incubators, which is a differentiator for them to attract more students and also industry placements.

Business plan events: Good colleges with a progressive management and enthusiastic students nowadays organise annual business plan events — where they encourage students and professionals to present their business plans. IITs have two business plan competitions annually and encourage social ventures along with ones for-profit. By organising business plan events, the host college gets recognition and students get experience in marketing, event management, managing logistics and learn relevant life skills.

Professional training and mentoring, international tie-ups and study tours can further support and boost the entrepreneurial eco-system in India and make it the ‘Start-up Nation’.

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