Read this, “16,000 business ideas. 850 entrepreneurs mentored. 74 start-ups given intensive mentoring over nine days at IIM Ahmedabad.45 entrepreneurs given cash grants and 15 provided seed funding. That was The Power of Ideas in 2010.”
India’s largest entrepreneurship development programme is back. Seeking to create a culture of innovation in the country by touching more lives, the programme aims at encouraging individuals with a business idea to come forward and connects them with relevant mentors and investors. This year, equipped with a superior degree of mentoring and a larger corpus of funds, The Economic Times’ Power of Ideas will make an even bigger impact than 2010.
It is an opportunity for young and old, those running business to those at the spark of an idea, those in service business to those in product business,… in metros or smaller towns, students or professionals. The canvas of this year’s POI is much bigger in terms of its reach, experience, offerings and the ecosystem.
Every year, a huge part of the growth in economy comes from the start-ups and new businesses that are fueled by new ideas and innovation. And no other time was ever better than today, when everything around us is in total flux. It is the time like this that calls for innovation and entrepreneurs thrive to make best of the opportunity. Not just opportunities but there are genuine problems to be solved to bring back hope and growth in the world.
Small or big, tested or ideated… test yourself … by participating in POI. What is assured to you is an energetic and enthusiastic guiding and mentoring ecosystem that will expose you to the nuances of entrepreneurial life. It will help you in genuinely testing and giving yourself a chance in entrepreneurship… so that you do not say later that I had a good idea.
And if you wonder what specifically is in it for you…here is the message I got from the organizing team of POI:
“The program aspires to identify and support the most innovative idea and early stage enterprises and support them through mentoring, incubation support, cash awards and seed funding. This year the corpus of the program has been increased to a total of INR 6.2 crore with 4 crore marked for seed funding and INR 2.2 crore to be disbursed as cash awards. The program is sector agnostic and hence wide variety of start ups (including non tech start ups) can benefit from it.”
To know more about the programme: www.ideas.economictimes.com
To participate in the programme, www.ideas.economictimes.com/participate. The deadline for submission of the Business Summary Format is June 25, 6pm.
Queries: If you have a specific query/feedback about the programme, share it with us at:
Economic Times: firstname.lastname@example.org
CIIE : email@example.com
And, if you want to know how the carnival feels like, here is something I wrote during 2010’s POI launch…Startup Carnival (sorry! the document is not very well edited)
Be an Entrepreneur!