Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Wednesday, 17 January 2024

FW: BUSINESS PLAN COMPETITION / EUREKA / E - CELL / IIT-B

 Dear Siddhant – Shubham – Rohan- Yash – Shubhanshi,

 

 

 

Just came across following news report :

 

IIT-Bombay’s biz plan competition now open to school students 

It reads :

Eureka! Junior is a business plan competition for school students of Class 6 to Class 12 from across India. The competition was launched on August 1.

Selected students will be honed by the E-Cell through rigorous workshops over the next five months and guided through the process of creating a business plan for their ideas. The workshops are free and the winners of the competition will get prizes worth ₹1 lakh. Students will also be introduced to other young entrepreneurs fostered by the E-Cell as well as investors.

 

 

For whatever it is worth , following was my Business Plan ( prepared 20 years ago ) . May be its STRUCTURE can help the Students prepare their own :

 

BUSINESS PLAN FY 2001-2004

 

https://hcpreports.blogspot.com/2016/01/business-plan-fy-2001-2004.html

 

As to how we can nurture the FIRST GENERATION of entrepreneurs , you may want to look up my following blog ( sent as email to our Cabinet Ministers / NITI Aayog etc ) :

 

TEN MILLION ENTREPRENEURS ? [ 19 Oct 2015 ]

 

https://myblogepage.blogspot.com/2015/10/ten-million-entrepreneurs.html

 

where I wrote :

 

Here is how we can produce a generation of ENTREPRENEURS, 5 years from now (if we start NOW ) :

 

*   Introduce " Entrepreneurship " as an mandatory subject in High Schools

     and Colleges

 

*   Each such School / College to be " Adopted " by a Corporate ( CSR ? )

 

*   Each adopting Corporate will bear the full expense of running this

     course ( Teachers' Salaries etc )

 

*   Such expense to be tax-exempt ( or offset as Corporate CSR obligation )

 

*   Exams to be in the form of presentation by teams of final year students

     on,

 

    " HERE   IS   A   BUSINESS   I   PLAN   TO   START "

 

*   Presentations to be judged by Panels of Venture Capitalists / Angel

     Investors / Incubators etc

 

*   Winning teams ( 1st / 2nd / 3rd  prize ) , to be offered funds by the

     Panel Members ( as seen in some TV programs )

 

     Fund amounts should be small ( Max Rs 100 lakhs ) and preference to

     be given to projects involving healthcare / education / manufacturing /

     agriculture / food processing etc

 

*   Winning Teams , setting up Start Ups with these VC funds , to be

     encouraged to hire graduating students from the non-winning teams

    

     This " encouragement " to be in the form of reimbursement of salaries of

     such hires ( only such hires ), under  " Employment Generation Subsidy "

     from concerned State Government , where this Start Up gets registered ,

     since , employment is a State Subject

 

     Such Salary-reimbursements  will be for first 3 years of Start Up

 

    

 

To create an entire  GENERATION of ENTREPRENEURS , we need to start at the roots

 

Some years later , when this FIRST generation becomes parents of their own 10 year olds , those SECOND generation youngsters will have entrepreneurship in their genes !

 

This is one way of preparing a GM ( genetically modified ) Generation , to which , there ought to be all round support

 

With regards,

 

Hemen Parekh  /  hcp@RecruitGuru.com  / 09 Aug 2020

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