2-Day Bootcamp on Fundamentals of Entrepreneurship(IES)
The Two Day Bootcamp was organized by AIC-RNTU Foundation, sponsored by MP Startup Center with the aim to spread awareness about entrepreneurship, its important aspects and promote it as a career option amongst students with a series of Session / Workshop and group-based activities.
Day1: Day 1 of bootcamp was inaugurated by Mr. Sonu Lal, Sr.Lecturer, IES and AIC-RNTU team. The Bootcamp started with speakers introduction and briefing.Mr. Sonu Lal in his address talked about the skillset they need to build for future endeavors and learn from the sessions to initiate their future entrepreneurial journey.Then, Mr. Ronald Fernandez in his address briefly talked about the changes in the ecosystem in the last two decades and the current opportunities in reach for students, entrepreneurs to build their startup.After this, the Bootcamp continued with the sessions.
Session1- Institutional & non-institutional support system to startups - Incubators and Accelerators by Mr. Ronald Fernandez, AIC-RNTU Foundation
Mr. Ronald talked about the startup ecosystem, incubation and entrepreneurship. He also talked about the ecosystem's progress in the last few years. Mr. Ronald shared his experiences as an entrepreneur and shared hope incubators are supporting startups to grow.
Session 2- Fundamentals of Entrepreneurs by Ms. Krati Jain, AIC-RNTU Foundation
Ms. Krati, in her session, highlighted the fundamental skills of entrepreneurs, E-Cell & Incubation. Adding to that, she talked about Startup & Business and zeal of entrepreneurship.
Session 3 - How to identify and define a problem statement or a startup idea by Mr. Jitendra Rajaram, Corporate Trainer
Mr. Jitendra talked about observing & identifying the problems around which are being faced by a sizeable number of people and the solution to which might be scalable and can be commercialized. Thereby providing the opportunity to the entrepreneur to build a business model around it.
Activity- Idea Generation
The activity started with the HSGL Test and the students were distributed into teams based on the results of their HSGL test score. These teams were tasked with developing as many ideas as they can around the four videos shown by Mr. Jitendra. The teams were then asked to sit together and select the most feasible ideas. They were asked to identify problems around them and brainstorm the ideas relating to them as assignments.
Session 4 - Idea to MVP and from MVP to commercialization By Mr. Jitendra Rajaram, Corporate Trainer
The next step towards starting a venture is to reach a Minimum Viable Product (MVP). Mr. Jitendra talked about the various stages of product evolution and the need to address the issues at each stage. The students were informed about pilot testing the MVP to identify the gaps and iterating & modifying the business model to reach commercialization.
Session 1- Process to establish a Startup - Types of entities by Mr. Shubham Nema, AIC- RNTU Foundation
Mr. Shubham in his session explained about the various types of entities and the factors to be considered before registering the business. He further briefed the students on what are the advantages and disadvantages of different types of entities. He further emphasized on the benefits of registering a business under MSME and the process to do so. The session concluded with a couple of case studies and Q&A over the same.
Session 2- Types of Startup Funding & Startup Valuation Methods by Mr. Ronald Fernandez, AIC-RNTU Foundation
Mr. Ronald talked about Stages of Funding, Factors to consider while raising funds, right time to raise funds along with the methods to calculate Valuation and its importance in the growth cycle.
Session 3- Startup Storytelling and Pitch Deck Elements by Ms. Krati Jain
Ms. Krati Jain briefed about the importance of pitch, types of pitches, elements to be included in the deck along with the important pointers. Further adding to that, she also made "what kind of pitch deck should be presented to which person" clear.
Session 4- Building an Intellectual Property and Why Startups Fail? By Mr. Jitendra Rajaram, Corporate Trainer
Mr. Jitendra took a session over the above mentioned topic where he exaggerated on the reasons behind the failure of 99% startups get registered everytime. Mr. Jitendra also shared some of his past experiences about the same. He added the mistakes startups make in shareholding patterns, while registering the company, building teams and hiring people etc. Mr. Jitendra also explained about the IP Building process starting with the Ideation process to IP Commercialization.
Date and Venue:2023-03-02 - IES, Bhopal
Objectives in Brief: To spread awareness about entrepreneurship, its important related factors and promote it as a career option amongst students.
Key Speaker: Mr. Ronald Fernandez, AIC-RNTU Foundation,Ms. Krati Jain, AIC-RNTU Foundation,Mr. Jitendra Rajaram, Corporate Trainer,Mr. Shubham Nema, AIC- RNTU Foundation.
Name of Convener(s):Mr. Sonu Lal, Sr. Lecturer, IES
Organizers/Co-Organizers: AIC-RNTU Foundation, sponsored by MP Startup Center