Jayanth Sharma | CEO AND CO-FOUNDER OF TOEHOLD TRAVEL AND PHOTOGRAPHY
Q : In this era of online startups and tech businesses, does there exist the possibility for traditional brick and mortar businesses to raise capital or is it that only businesses with a technology layer to scale up are attracting investors?
A : This is a common question that investors get asked a lot by aspiring entrepreneurs and there are a few different perspectives we have.
Firstly, businesses without a technology layer are going to find it almost impossible to attract investors -simply because technology is what brings scale and efficiency and in many situations access to customers. And venture investors are all looking for scale because that is what will give the exits that we require for our success.
That said, technology in a business does not make it a technology company.
Srikrishna Ramamoorthy | PARTNER, UNITUS SEED FUND
Businesses across traditional sectors like FMCGretail, education, healthcare, financial services, agriculture, transportation, logistics etc. will continue to need brick and mortar or offline elements to succeed and not just technology alone. And there continues to be VC investor interest in businesses in these spaces that are in techenabled andor tech-led and where there is innovation.
Does this mean traditional businesses with or without tech cannot raise capital? They can, but it is challenging.There aren’t that many investors interested and it will likely involve large amounts of initial capital vis-à-vis investing in a tech enabled play.
All that said, tech or brick and mortar, what remains key to success is a strong team, great execution and a product service that is solving a real problem.
http://epaperbeta.timesofindia.com/Article.aspx?eid=31804&articlexml=DOUBTFIRE-01102017026058
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Shops and Establishment license no more required in Maharashtra, if u have less then 10 employees in your establishment
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MoSDE has recently announced the Second Call for Application for National Entrepreneurship Awards Scheme (NEAS)’2017.
The Application window is open from 28th July’17 to 15th Sept’17.
About the Award
National Entrepreneurship Awards Scheme (NEAS) has been instituted by the Ministry of Skill Development and Entrepreneurship (MoSDE) to encourage a culture of entrepreneurship across the country.
These premier awards seek to recognise and honour entrepreneurs and entrepreneurship ecosystem builders for their outstanding efforts.
There are two tracks under this scheme of awards
- Award Track –To honor exceptional entrepreneurs from various sectors.
- Award money of INR 5 lakh each to the enterprise + Trophy and Certificate
- A total of 17 Awards under various categories are covered under Award Track.
- Recognition Track –Institutions and Mentors engaged in Entrepreneurship Development
- Award money of INR 10 lakh each (organisations/institutes) and INR 5 lakh (mentor) + Trophy and Certificate
- A total of 6 Awards covered under Recognition track
For more details visit www.neas.gov.in
‘National Entrepreneurship Awards’ Scheme
The National Entrepreneurship Awards have been instituted by the Ministry of Skill Development and Entrepreneurship (MoSDE) to encourage a culture of entrepreneurship across the country. These premier awards seek to recognise and honour entrepreneurs and entrepreneurship ecosystem builders for their outstanding efforts in the field of entrepreneurship development. The Awards also seek to highlight models of excellence for others to emulate and improve upon.
The Call for Application is now open from 28.07.2017- 15.09.2017. Applications should be filled online on www.neas.gov.in. Also, visit this website for further details.
Regards,
Vandana Vyas
Manager Outreach
Society for Innovation & Entrepreneurship(SINE),IIT Bombay
3rd Floor CSRE Building,IIT Bombay,Powai,Mumbai,IN 400 076
Email: vandana@sineiitb.org
Tel: +91 22 2572 1197
Mob: 9819225007
World Entrepreneurs’ Day – August 2017
Posted on: 16/08/2017
- In: Networking | News | People / Stories | Resources | Startups
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Are you ready?
“The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire.” — Jim Rohn
Most people wish their circumstances would magically change for them. They don’t have the desire to become better themselves so they can proactively improve their own circumstances.
Unlike most people, who simply wait and wish for luck, you can seek to become the kind of person equipped with the skills and abilities to do brilliant things.
You can become the kind of person who does highly influential work. Your work can solve pressing problems, improve people’s lives, and get noticed by important people who share your work not for your sake, but for theirs! Sharing your work makes them look good because of how great it is.
The quality of who you are as a person, and the work you do, is completely within your control. But you can’t wish for it to happen. You must become the kind of person who naturally attracts the success you seek.
Here’s how:
1. Invest At Least 10% Of Your Income In Yourself
2. Invest At Least 80% Of Your “Off” Time Into Learning
3. Don’t Work For Money, Work To Learn
4. Don’t Learn For Entertainment, Learn To Create More Value
5. Invest At Least 10% Of Your Income Into Vehicles That Will Generate More Money
6. Shift Your Motivation From Getting To Giving
7. Openly Acknowledge How Dependent You Are On Other People
8. Create Win-Win Strategic Partnerships To Achieve 10X or 100X Goals
9. Set 10X Goals and Face Your Fears
10. Get Really Really Good At Marketing
11. Don’t Focus On Time And Effort, Focus On Results Instead
12. Shift Your Environments Regularly
13. Define “Wealth” And “Success” For Yourself
14. Have A Firm Stand, It Becomes Your Brand
Conclusion
Are you doing these 14 things?
How aggressively are you doing them?
Do you want to become a multi-millionaire?
Are you ready to think and act bigger?
You’ve got this.
Call To Action
If you want to focus on the right activities and get results 10x faster than most people, check out my morning checklist.
Click here to get the checklist right now!
Benjamin P. Hardy
Husband & foster father of 3. Pursuing PhD in Organizational Psychology. Get my 2 free eBooks (on productivity & blogging strategy) @ https://benjaminhardy.com
For full details and in-depth article – Click Here ->https://medium.com/the-mission/want-to-become-a-multi-millionaire-then-do-these-14-things-immediately-18065dc492a1
Grants worth ₹ 10 lakh for women
Posted on: 08/07/2017
- In: Motivations | News
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Women inspire us in every role they play, from mother, sister and wife to friend, mentor and bread-winner. They epitomize sacrifice, strength, grace and dignity. As a salute to such inspiring women, we are pleased to present ‘Advantage Woman Awards‘ where an esteemed jury will select 25 most inspiring women as awardees. Of these, the top three inspirational women will get grants of ₹5 lakh, ₹3 lakh and ₹2 lakh respectively to fulfill their vision. Submitting a story is really easy. Type it, upload a video or scan a copy of your hand written note. |
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| Everyone who submits a story gets exciting participation prizes. | |
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| If you are a woman who is an inspiration to others, don’t hesitate to nominate yourself.
Sincerely, |
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