Enterprisers.in

National Conference on MSME Funding

23/02/201523/02/2015 yazdi

NATIONAL CONFERENCE ON

MSME FUNDING

“ENABLING MSME BUISNESS IN INDIA-FUNDING & SUPPORT”

5^th March 2015, India Habitat Centre, Lodi Road, New Delhi

CII is organizing a National Conference on MSME Funding with an objective to enable MSME business on Thursday, 5^th March 2015 in New Delhi.

Shri Kalraj Mishra, Hon’ble Minister for MSMEs, Government of India would be the Chief Guest at the Inaugural Session along with Mr Madhav Lal, Secretary, Ministry of MSME, Government of India. Other eminent personalities such as Deputy Governor, RBI and other leading financial and regulatory institutions would be deliberating in this conference.

This National Conference would have Policy Makers, Bankers, Regulators, Financial Institutions and MSMEs who would be attending this conference and chalking out way forward on enabling the growth of MSME Business in India through Funding & Support mechanism.

Key highlights of the Conference includes:

§ Current Situation of MSMEs in India- Funding, Taxation, Regulatory Mechanism & Challenges

§ Regulation & Policies for a Sustainable MSME Ecosystem and to Make India a Destination for Pro-SME Business Environment

§ Financial Inclusion for MSMEs- Easing Norm, Easing Transparency & Meeting Financial Expectations

§ Changing Role of Regulators and Financial Institutions-MSME as Priority Sector Lending and Incentives & Subsidies as MSME Enablers

§ Opportunities for Banks/NBFCs in MSME Financing Space & Their Strategies for MSME Financing

§ New Funding Options for MSMEs- Equity, Crowd Funding & Angel Investment as Viable Options

§ MSMEs Insurance Structure in India –Need Based Analysis and Risk Due to Under-Insurance

§ SME Credit Rating-Challenges to Bring in Uniformity

§ Role of SME Exchange for New Generation SMEs

§ Effective Fund Management by MSMEs-Challenges & Opportunities

§ TechNovation Deficit in MSME Sector in India-Opportunities Ahead

§ Export Potential of Indian MSME- Sectorial Analysis

§ Funding MSME Export, R&D

Speakers:

Mr HR Khan, Deputy Governor RBI
Mr Vijay Chandok, President ICICI Bank
Mr KV Srinivasan, CEO Reliance Commercial Finance
Dr Sunita Chhibba, Economic Advisor, Ministry of MSME, Government of India
Dr Neeraj Sharma, Head TDT, Policy Research Cell, Department of Science & Technology
Mr Vivek Pathak, Regional Director South Asia, IFC
Mr D Mozumdar, CGM, State Bank of India
Mr Ajay Thakur, Head SME Buisness, BSE SME Exchange
Mr Antu Joseph, National Head SME, Federal Bank
Mr Rajiv Soni, Head SME Buisness, ONICRA
Dr Rangarajan, Head SME IIFT
Mr Souvik Sen, Buisness Head SME, Reliance Commercial Finance

This Conference will provide a platform to exchange business ideas and experience between MSMEs and Financial Institutions, to update relevant information about financial market and to bring together Senior Executives from Government Departments, Regulators, Banks and Financial Institutions, Financial Consultants, Credit Insurance Companies, Credit Rating Agencies and subject matter experts to interact with MSMEs for creating awareness about the new developments as well as other facilities available to them for their growth. Through presentations, speeches, panel discussions, question and answer sessions and networking; eminent personalities from various fields will discuss various finance related issues and share their knowledge, expertise and views on the subject matter.

Please register through the following Link:

http://www.cii.in/OnlineRegistration.aspx?Event_ID=E000024197

Regards,

Jeyesh

***********************************************
N M P Jeyesh
Director
Confederation of Indian Industry

Plot No 249 F, Sector 18, Udyog Vihar, Phase IV
Gurgaon – 122 015 (Haryana, India)
Tel: +91-124 – 401 4060-67 / 401 4053 (D);

Fax: +91-124 – 4014080
Email: cii.msme@cii.in
Web: www.cii.in (Corporate Website) / www.mycii.in (Online Resource Centre)

Business Plans, Mentoring, Motivations, Networking

Google to Offer ‘Launchpad’ to Digital Startups in India

16/02/2015 yazdi

After testing its startup mentor programme in Israel, search giant Google is now turning its focus on Indian startups. The company has picked India to kick-start its startup mentorship programme Launchpad this year, signalling its growing interest in Indian startups.

On Monday, it launched the first of four such week-long programmes, during which a set of mentors from Google and other companies will coach startups looking to grow. “This is one of our large scale new programme offering,” said Sunil Rao, who heads the startup initiative for Google India. While Google has an interest in growing India’s digital economy, the startup programme could also turn into a pipeline for Google’s investment arm.

The company’s venture capital arm had recently picked up a stake in real estate portal Commonfloor and Freshdesk, a Chennai-based customer support tool. In India, Google plans to mentor close to 100 companies through Launchpad, which was started on a small scale nearly three years ago in Israel. Last year, it was conducted in 20 different cities.oogle benefits from the growing digital economy, as companies spend on Google to acquire customers. In the year ended March 2014, Google’s revenue crossed 3,000 crore, up 47% YoY, helped by increasing online advertising spend.

All the “bits and pieces” of Google’s startup programmes will be consolidated under Launchpad. “It will be like one offering to the developer from a startup perspective,” said Rao, country head, start-up ecosystem India, Google India.

“It will be like one offering to the developer from a startup perspective,” said Rao, country head, startup ecosystem, Google India. The company plans to take Launchpad to 50 cities this year but in India, most of its activities will be focused in Bengaluru. Rao, who heads the developer relations team for Google in India, has grown the Google developer community to one of the biggest with 45 chapters.Google Developer Relations was set up in India about five years ago in Hyderabad.

The team now has four people and operates out of Bengaluru, the largest among such teams for Google. It mainly focuses on creating Google developer groups, focused around Google technologies such as the Android operating system.

India is one of the largest Google developer ecosystems, with a large number of Android developers.

Increasingly, India has become core to Google’s vision of getting 7 billion people or the world’s population to use the Internet.

Many top executives of the $60 billion search company have been visiting India over the last few months, signalling its increasing interest in India’s growing Internet economy. Last September, Google launched its Android One programme to make smartphones affordable in India and other Southeast Asian countries.

http://tech.economictimes.indiatimes.com/news/startups/google-offer-launchpad-to-digital-startups-in-india/46103773

Business Ideas, Finance

A HUNT FOR INDIA’S MOST INNOVATIVE BUSINESS IDEA

12/02/201521/05/2017 yazdi

Indians are some of the biggest, greatest and best entrepreneurs in the world. Their business acumen and passion for success has been recognized and lauded the world over. They have inspired millions to think big and doggedly pursue their dreams of making it big. Today, doing business across any vertical is wrought with stiff competition. We are seeing a whole new generation of entrepreneurs who are doing things differently through some innovation and identifying new business opportunities. You can click here to get help you with your business finance.

These New-age Entrepreneurs and visionaries are redefining the way business has been traditionally done. Through every new opportunity, we see individuals who are not only young but are also not averse to taking risks.

Continuing with Network18’s endeavor of promoting ‘entrepreneurship’ and ‘start-ups’ in India, ‘The Venture’, a joint initiative with DS Group, hunts for next big entrepreneurial idea that is yet to be conceived.

Why Apply:

Raise up to a maximum of INR 1 crore for 10% equity
Opportunity to pitch to a highly renowned group of Jury members
Service providers & experts to facilitate deal closure & documentation
Extensive mentoring by top industry leaders

www.theventure.co.in

Business Ideas, Innovation, Motivations

10 offbeat startups that are trying to make it big in India

25/01/2015 yazdi

It’s ingenious but, er, does it make money? Perhaps all the entrepreneurs who feature in this special package would have been asked this question at some point in their startup journey.

Kalyani Khona, who has started up Wanted Umbrella, which she claims is India’s only matrimonial agency for differently-abled people, may have had observers wondering where the money will come from. Her quick answer: “I have married a social cause and business.”

It’s ingenious but, er, why on earth would people want it? That’s a query Alpana Agarwal, co-founder of Con Affetto, which makes edible bouquets — think cupcakes, cookies, truffle — may be used to by now. Ask her about who are the potential customers and she just might tell you about the good lady who placed an order in New Delhi for her grandson’s first birthday and carried it to Jaipur.

It’s ingenious, but will it fly? That’s what Mrinal Pai must be asking himself on the odd bad day. His startup is a farsighted concept that offers custom drone products and services. Pai sees a (near) future when drones will be used to transport organs between hospitals, flying over gridlocked roads; and when you could use his service to drop a quick personalised note of endearment to your beloved. Yes, but will regulations — which have yet to be framed — allow his drones to keep flying?
These are just three of the 10 offbeat startups we’ve deep-dived into; just three of the 800-odd startups added every year; and just three of the over 3,000 startups that are trying to make it big in India.

The 10 that we’ve picked are novel, but being different or a first mover is no guarantee of being the best mover — or moving at all a few years later. After all, success rates in the world of entrepreneurship are notoriously low, as low as 10% in the tech world. And funding is no guarantee of success. CB Insights, a US-based venture capital database, reckons that companies typically die around 20 months after their last round of funding and after having raised $1.3 million.

Government may tweak rules to save startups from angel tax

20/01/2015 yazdi

Startups currently in the market for angel funding may soon not have to worry about the taxman or relocating overseas. The government is working towards a solution to ring-fence angel investments that are currently taxable under the Income Tax Act. The move, if pushed through before or in the upcoming Union Budget, would help accelerate the growth of the domestic angel investor community and stem the drain of startups and critical intellectual property to overseas locations such as Singapore, North America and the UK.

The amendments under discussion, if taken on board, would directly benefit organised angel investor networks such as IAN, Mumbai Angels and Hyderabad Angels. IAN is currently the largest organised angel investor network with 350-odd members and more than 60 investments to date. In 2014, such networks along with high-profile individual angels such as Google India chief Rajan Anandan, iSprit founder Sharad Sharma and AppLabs founder Sashi Reddi, pumped $115 million into 285 startups, according to data from VCCEdge. This, however, is miniscule compared with the late-stage capital that venture capitalists invested, closing off 2014 with $2.1 billion.

“The population of genuine investors who are willing to put money on the table is not growing fast enough. This move will encourage more investors to participate in funding startups,” said Ravi Kiran, founder of Mumbai-based startup accelerator and angel network Venture Nursery, which has 30 angels in its network.

Education, Training

8 Image-Building Tips

13/01/2015 yazdi

Put a positive spin on sales by creating a professional image.

There’s so much talk about “image” nowadays. In addition to marketers and managers, there are now spin doctors, who polish their clients’ images by putting the best spin on what the public hears and sees. As a new business owner, it’s important to be your own spin doctor, molding and honing your business image to successfully appeal to your prospects and customers.

I got an e-mail the other day from an entrepreneur who worries that potential customers see his new business as merely a hobby and wants to know how he can get them to take him seriously. Thousands of entrepreneurs nationwide are faced with the same dilemma. The key is to create an image that communicates professionalism right from the start . . . beginning when customers call your company for the first time.

Every time your phone rings, what your prospects hear makes a big difference in the way they perceive your business. Here are four steps you can take to make your business sound professional:

Choose a great company name. Your company needs a name that’s descriptive and easily recognizable, such as “Jones Public Relations.” If the name you’ve started out with isn’t working, change it.

Answer professionally. Answer the phone clearly and distinctly with the company name, followed by your own name, to help the caller remember it, such as “Jones Public Relations. This is Sally Jones.”

Record a professional-sounding message. The way your phone is answered when you’re unavailable says a lot about your concern for customer satisfaction. One simple solution is using voice mail from your local phone company. For less than $10 per month, voice mail allows your callers to leave you a message even when you’re on the line. Whether you use voice mail or an answering machine, make sure your outgoing message is upbeat, short, crisp and professional.

Become an expert at describing what you do. Write down a single, clear sentence that describes what your company does. Then memorize it and repeat it in every contact with prospects, from networking to cold calls. Being able to describe your business in a consistent, memorable fashion is a great way to position your company in your prospects’ minds.

When it comes to creating an image for your business, what your prospects see is as important as what they hear. To convey an image of professionalism and stability, you’ll need a family of top-quality tools that work together.

Start with a stationery package. To stand out, coordinate two-color business cards (black ink plus a second color) with letterhead and matching envelopes. Add a distinctive logo with help from your printer or a graphic designer. Then use your logo on all your printed materials to maintain a consistent visual image.

Create a company brochure. This single tool must convey that your company is solid and stable, communicate the benefits of selecting your company and create a distinct visual image. Examine your principal competitors’ brochures to assess the formats they use and their key selling points. When developing your own brochure, production quality is critical to the success of the piece–and to your professional image. So be certain your company brochure can stand up to those of your largest competitors in terms of design, readability and paper quality.

Polish your forms. Print invoices, contracts and estimates on letterhead or pre-printed forms, so every communication your prospects and customers receive from your business conveys a consistent, professional image.

Tie in presentation tools. If you need presentation folders or proposal covers, have them printed at the same time you print your brochure. A large portion of printers’ charges are for “inking” the press. If your materials use the same kind of paper and ink colors, printing them together will save money.

This article originally appeared in the March 1998 issue of Business Start-Ups magazine.

Kim T. Gordon

Click Here for the original source

Calendar, Motivations, News

Vote for India’s most innovative student startups.

10/01/2015 yazdi

We are delighted to announce that over 430 student startups from 69 cities across India have been nominated for the fourth edition ofTATA First Dot Powered byNEN Awards!Which of these startups will win the coveted People’s Choice Awards? Any from your college or city? You decide!

Visit www.tatafirstdot.com and vote for the most innovative student startups! Help us recognize and support India’s next-generation entrepreneurial leaders.

VOTE for your favorite student startup

Three simple steps to vote:

Visit the Nominees page on our website

Check out nominees by city, industry, institution or name

Go to your favorite nominee page, read more about them, and click VOTE. And yes, you can vote for more than one startup!

Cheers,
TATA First Dot team

Business Ideas, Innovation, Social Entrepreneurship

This Indian start-up could disrupt health care with its powerful and affordable diagnostic machine

03/01/201503/01/2015 yazdi

Kahol and his Indian engineering team built a prototype of a device called the Swasthya Slate (which translates to “Health Tablet”) in less than three months, for a cost of $11,000. This used an off-the-shelf Android tablet and incorporated a four-lead ECG, medical thermometer, water-quality meter, and heart-rate monitor. They then enhanced this with a 12-lead ECG and sensors for blood pressure, blood sugar, heart rate, blood haemoglobin, and urine protein and glucose. In June 2012, they sent this device to 80 medical labs for testing, which reported that it was as accurate as the medical equipment they used — but more suitable for use in remote and rural areas, because it was built for the rugged conditions there.

The Swasthya Slate is portable, affordable and offers a wide variety of tests. (Swasthya)

By January 2013, Kahol’s team had incorporated 33 diagnostic tests, including for HIV, syphilis, pulse oximetry, and troponin (relating to heart attack) into the Swasthya Slate and reduced its cost to $800 per unit. They also built a variety of artificial-intelligence–based apps for frontline health workers and started testing these in different parts of India.

In March 2014, the Indian government started a pilot of 4,250 Swasthya Slates in six districts of the northern state of Jammu and Kashmir, which has a population of 2.5 million. Antenatal testing, which often took 14 days because mothers had to go from clinic to clinic for different diagnostic tests, was done in 45 minutes in a single clinic. The proportion of the time that frontline health workers spent on administrative paperwork, recording data from tests and filling out forms, was reduced from 54 percent to 8 percent of their work day. Hundreds of thousands of people gained access to medical care that had been unavailable to them.

…………..Vivek Wadhwa

Click Here for the detailed story

Business Ideas, Innovation

Vivek Wadhwa: Why India shouldn’t be succeeding but is

02/01/2015 yazdi

Silicon Valley insider Vivek Wadhwa tells us how India’s entrepreneurs will change the world. As we enter the most innovative period in history, Wadhwa sees an impending internet boom and millions of internet businesses coming up in India, and predicts that within a decade China’s manufacturing industry and India’s call centre industry will be toast.

Inspired by his own success, an Ayurvedic doctor has turned full time water conservationist