- IMS Incubay joins hands with IMS Community Radio help budding entrepreneurs realize their startup dreams
- Seminar on promoting start-up culture offers new insights into successful entrepreneurship
Noida, April 2016: IMS Noida’s Centre for Incubation of Business Ideas- IMS Incubay has joined hands with the management institution’s community radio program Salaam Namaste to help young students and women entrepreneurs of the community nurture business ideas and realize their startup dreams.
A seminar held at IMS Noida as part of the joint program today brought together a number of successful women entrepreneurs and experts in the domains of management, startups and financing to offer new insights into ways to make potentially viable business ideas into successful business models. The idea is to promote skilful entrepreneurship in the community.
Around 30 women entrepreneurs and 150 aspiring students attended this seminar and interacted with experts about their ideas and how to take them to fruition.
With securing financing being a major obstacle in the way of budding entrepreneurs, Mr. Pradeep Sharma, Senior AGM, State Bank of India, spoke at length about funding schemes available at the bank for startups. He said often many young entrepreneurs are not aware of available institutional support that they can benefit from and launch their business ideas.
He also discussed what banks practically look for in a venture before acquiescing to finance it.
Management integrity, market potential and financial projections including how much money the promoter is willing to put in are factors that influence a bank’s decision to agree to a loan for a startup.
Dr. Poonam Sinha, Regional Head (National Institute for Entrepreneurship & Small Business Development (NIESBUD), an autonomous organization under Ministry of Skill Development and Entrepreneurship spoke about the importance of imparting entrepreneurial training with skill development to make India a startup friendly nation.
She said the country needs to promote more women entrepreneurs in the economy and entrepreneurial training with skill development to empower women and educate them in launching and managing businesses and opportunities they can avail from the market
are key mechanisms. She said women entrepreneurs often lack confidence and network but their innate managerial ability needs to be nurtured and promoted.
IMS Incubay centre is an entrepreneurial and social development process designed to help aspiring students/startups to nurture business ideas, start entrepreneurial ventures and accelerate them towards growth and success through a comprehensive support program. The Incubay centre is dedicated towards supporting business ideas, scaling up, reviving and rejuvenating them.
Salaam Namaste Community Radio is the Community Radio of IMS Noida which has already initiated a “Salaam Shakti” program, which promotes women entrepreneurs of the community and their business ventures. The program also narrates inspirational success stories of women who fought against all odds to launch their startups and emerged victorious. Salaam Namaste Community Radio also intends to provide free air time to such women entrepreneurs to promote their skill and work.
‘Salaam Namaste’ is now working to launch its new radio program called ‘Hunar Ko Salaam’ to narrate stories of entrepreneurs and promote skillful entrepreneurship. which runs parallel to the motto of National Skill Development Program.
The seminar was also attended by a several successful women entrpeneurs who shared their success stories with the participants and gave deep insights into what it takes to succeed in a competitive economy.
Among the speakers were Bharti Taneja, Director, Alps Beauty Clinic; Vinee Thakur, Project Coordinator at Greenview Project, a landscape design /execution company based in Delhi; Sneha Rathore, Manager New initiative and Academic, Sanfort Group of Schools.
Ms Kalpana Sinha, Head Entrepreneurship at IMS Noida spoke of Govt. of India’s Make in India initiative and the role starts ups will play as a part of this initiative. Ms Sinha also led the audience in taking a pledge to build and support an entrepreneurial India, and spoke about the new initiatives launched at IMS Noida to help students incubate their business ideas.