Author: yazdi

Finance, News

Credit Rating for SMEs

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Understanding the urgency faced by the MSME units, Ministry of MSME, Government of India through NSIC has signed a Memorandum of Understanding with us to provide Performance and Credit Rating services. The scheme was launched by the Honorable Finance Minister and is approved by Indian Banks Association (IBA). THE MINISTRY OF MSME IS OFFERING A SUBSIDY OF 75% ON THE ONICRA RATING FEE. The scheme is set to educate MSME units about financial matters.

Scheme Features

  • Rating and services fee structure based on turnover
  • Scheme implemented through NSIC , a nodal agency of Govt. of India
  • Rating approved by Indian Banks Association (IBA)
  • Subsidy of 75% on rating fee provided by the Ministry of MSME

Onicra analyzes financial and operational performance, connects suppliers & buyers through our online market place and provides a holistic financial and IT solution for MSME development and progress. The rating process includes: a physical visit, collection, verification & authentication of data. Analysis is conducted, where facts are presented and reported. Our rating is accepted by Public Sector Banks & approved by Indian Banks Association (IBA).

Our MSME Rating & Services aim to address some of the challenges faced by these units:

  • Securing Credit from banks and financial institutions
  • Lack of faith shown by buyers and suppliers
  • Doubts on creditworthiness and capabilities

Click Here for more details

Networking, News, Resources, Social Entrepreneurship, Uncategorized

India Leadership Network

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Leaders’ Summit – April 2010

India Leadership Network is an action network. Year 2010 is the Year of Action where we will launch nationwide initiatives for key areas. Each of these initiatives have the potential for leadership, entrepreneurship, collaborative participation as well as for commercial involvement and investments.

Key initiatives to be launched this year are related to :

  1. Renewable energy & clean technologies
  2. Healthcare
  3. Safety & security
  4. Rural development
  5. Leadership development.

See complete list of 16 initiatives to be launched over the next 18-24 months.

The Leaders’ Summit is curtain-raiser event for the planned evolution of India Leadership Network and to know about the planned initiatives. We are inviting individuals and organizations for taking a lead, in associating, operating or investing in these initiatives.

The event is planned for 9th April 2010 in Mumbai. If you are interested, please RSVP event listed on LinkedIn.

If you cannot attend in Mumbai but are interested, RSVP and post a comment about choice of city (Delhi or Bangalore). Based on response (and sponsors), we will organize events in April in these cities. Based on response, details of events and registration will be announced in the week of 22nd Feb.

Click Here to visit the website

Motivations, News, Startups

Competition – Entrepreneurs in Life Sciences

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Can you Germinate a Biotech Idea Others Can’t ?

BEST INDIA is a nationwide competition to encourage entrepreneurship for senior level students in the Life Sciences. This is an initiative of Department of Biotechnology (DBT), Ministry of Science and Technology, Government of India and Association of Biotechnology led Enterprises (ABLE).

What you have to do

If you are a Student pursuing Master’s, doctoral degree or BE/B,Tech course in the area of Life Sciences from a recognised Indian University / Institute, form a team of 5 members, identify a team leader and prepare your Concept Note based on an idea in the area of biotechnology that has commercialization potential. Upload your Concept Note on www.ableindia.org.

Last Date for uploading applications – 31 March 2010

Only online submissions will be accepted.

No other form of submission will be considered.

What BEST does for you

A jury examines your idea for scientific merit, innovation and commercial potential and selects 20 teams.

The selected teams get to attend a high quality Entrepreneurship Workshop that addresses commercialization issues such as Business Plans, IP & Patenting Strategies, Raising Finance, etc.

At the end of the workshop, your team will develop a Business Plan and make a PowerPoint presentation to the Jury. From the 20 teams, 3 top teams will be selected.

The 3 winning teams will get an opportunity to present their ideas to Venture Capitalists, Private Equity Fund Managers and other institutional investors, at ABLE’s  Biolnvest Conference – India’s largest and most exclusive Life Sciences Investment Forum.

The 3 winning teams will be awarded Prize Monies of Rs. 500,000/-, Rs. 300,000/- and Rs. 200,000/- respectively.

For format and guidelines, visit

www.ableindia.org or e-mail best@ablendia.org.

ABLE –

Association of Biotechnology Led Enterprises – The collective face of the Indian Biotech Industry

Department of Biotechnology Ministry of Science & Technology

ABLE Secretariat
Biotechnology Entrepreneurship Student Teams
123/C, 16th Main ·Road, 5th Cross, 4th Block, Koramangala, Bangalore – 560 034 INDIA Telefax: +91-80-2563 3853/4163 6853 E-mail: info@ableindia.org www.ableindia.org

Business Ideas, News, Startups, Technology

Best time for Indian small & medium ITES Cos

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This is the best time for small and medium IT & Information Technology Enabled Services (ITES) companies to start, as the cost of becoming an entrepreneur is shrinking two times than what it was five years back, said Sachin Vinod Rathi, Architect Adviser, Microsoft India.

He was speaking at a conference on “Future of India’s IT & ITES Sector; Evolving Business Models for Sustained Growth” organized by the Confederation of Indian Industry (CII) in partnership with Punjab Infotech in New Delhi recently.

Click Here for the full Story…..

News, Resources, Startups

Online Resources for Entrepreneurs

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Gone are the days when you had to run from pillar to post to figure out the most efficient ways to fire up your business. While starting a venture is still far from being “just a click away” the internet has certainly ensured that you literally do have enough information at your fingertips and that once you’ve sorted regulatory issues out, you can tap into several online resources to get yourself up an running. DARE takes a look at some of the best online resources, including some India-specific ones, that budding entrepreneurs can tap into.

Click Here for the full Article

Calendar, Education, News

Grid Seminars

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Greetings from Grid Consultants !

Encouraged by the good response to our  Leadership Grid seminars in the Leadership Development year 2010 , we are extremely happy to announce the following two  seminars in February 2010

  1. The Solution Selling Grid Seminar for Sales Personnel & Management  Students  –     Date: 18th-19th February 2010

  1. The Grid Works Seminar for Officers, Supervisors & Management  Students – Date: 25th-26th February 2010

Venue ; Dr.P.N.Singh Centre for HRD , 502 – 505, 5th    Floor,  Sai Chambers, Near BEST Bus Depot, Opp. Railway Stn,  Santacruz (E).Mumbai – 400 055

These seminars are for young potential  leaders below the age of 35 years

The plan is to give them scholarships so that they could attend the world famous  Grid Seminars which may be otherwise out of reach for them because of the cost. These Grid seminars are conducted in 40 countries of the world.

In India itself we have conducted over 500 seminars.

We would like to offer 2 such scholarships each to your organisation

The scholarship will get adjusted against the fee.

Please find attached herewith Brochures with all details like fee etc

Hope that you will make use of this golden oppurtunity and we assure you that this investment made in Human resources will give  excellent results to your organisation

Kindly send us the nominations at the earliest, so that we could send the  study material for pre-work which has  to be completed before the seminar.

With warm regards,

Dr.P.N.Singh

Chairman

Mobile : 9867922228

http://www.grid-india.com/gridindia.asp

News, Resources, Startups

Clusters for SME growth

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Jagat Shah - Chief Mentor

“A cluster is a geographically proximate group of companies and associated
institutions in a particular field, linked by commonalities and complementarities ”

Cluster Pulse , an ISO certified economic development agency is a professionally managed, self-sustaining, autonomous institution with excellence in implementation of Cluster Development initiatives as its main objective through the twin approach of market intervention & technology upgradation in SME’s.It has worked in 82 clusters in partnership with GTZ, UNIDO, USAID, IFC, World Bank, The commonwealth secretariat, Govt. of Canada, Govt. of Brunei, Government of India – Ministry Of Textiles, Ministry of MSME, Ministry of IT & communications & State Govt. all over India & in 10 other countries including USA, Canada, Brazil, Sweden, UK, Croatia, South Africa, Oman, Brunei, Turkey & Afghanistan. We have worked in 80 industry vertical like Textiles, agro, engineering, pharma, consumer goods, ICT etc.

Click Here for more information for SME training, marketing and growth