Startup Ecosystem in India

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BIMTECH Centre for Excellence Providing for Startup Ecosystem – Mentors, Angel Investors, Venture Capitalists & Support

The Centre for Excellence launched by Ajay Goel, Vice President-Government, Industry and Academia Relations, Wadhwani Foundation and BIMTECH Director Dr Harivansh Chaturvedi at the BIMTECH campus, will help bring the much needed ecosystem of Mentors, Angel Investors, Venture Capitalists and Support Services needed by budding entrepreneurs to test ideas, tweak business plans and to move pilot projects into scalable businesses.

A Centre of Excellence for Entrepreneurship has been set up at the Birla Institute of Management Technology (BIMTECH) campus in partnership with National Entrepreneurship Network (NEN) and the Wadhwani Foundation to promote entrepreneurship among students of several dozen management and engineering schools located in the Knowledge Park in Greater Noida.

The Wadhwani Center of Excellence will accelerate creation of entrepreneurs from a large pool of budding entrepreneurs from engineering and business schools as well as small and growing businesses in and around Greater Noida,” said Ajay Goel, Vice President–Government, Industry and Academia Relations, Wadhwani Foundation.

Through partnership with NEN and Wadhwani Foundation, the existing Centre for Innovation and Entrepreneurship at BIMTECH gets closer to its ambition of creating and implementing entrepreneurship capacity building programs for students, alumni and early stage start-ups in the Knowledge Park,” said BIMTECH Director, Dr Harivansh Chaturvedi.

Ajay Goel VP Wadhwani Foundation_2nd fm L and BIMTECH Director Dr H Chaturvedi_2nd fm R_at at BIMTECH campus

The Knowledge Park at Greater Noida, with 60 Colleges and 6 Universities, is a learning hub for nearly 100,000 students with a potential to grow their student base to 500,000 by end of this decade.

The centre aims to empower job seekers with ideas, passion and entrepreneurial skills with knowledge and experience of its network to become job creators as they sow the seeds of successful businesses.

According to Abha Rishi, Chairperson of BIMTECH’s Centre for Innovation and Entrepreneurial Development that also runs the Birla Incubation Centre

A series of programs will be designed and delivered by the Centre to build knowledge, provide mentoring and open up networking opportunities. The centre will also serve as a link between industry, successful entrepreneurs and the mentees

The Advisory board members of Centre for Innovation and Entrepreneurial Development Tim Mathews, MD, Flair Capital; Sanket Sinha, Vice President, Asia Capital; Gopal Mondal, Director Finance, IDFC Foundation; Prity Khastgir, Tech Corp Legal pledged their support to this new initiative through mentoring, funding and access to knowledge bank.

Mr Ajay Goel Vice President Wadhwani Foundation and BIMTECH Director Dr Harivansh Chaturvedi at the opening of Udyami Entrepreneurship Fair at the BIMTECH campus in Greater NOIDA

A 1988 BIMTECH alumnus Alok Gupta who founded of Pyramid Cyber Security and Forensic said that BIMTECH alumni with nearly 50 identified entrepreneurs, strives to encourage budding entrepreneurs through mentoring and exposing them to their network of customers, vendors, bankers, marketing and legal experts.

On the occasion an Entrepreneurial Festival organised by BIMTECH students was also inaugurated. The week-long festival aims at piloting innovative idea based business ventures that helps imbibe real life entrepreneurial experience under the watchful eyes of faculty, alumni and industry representatives.

The festival-Udhyami-gives an opportunity to learn and test basics of entrepreneurship through several simulated exercises, experts evaluating and challenging ideas all the way up to pitching for funding, and testing market acceptability and scalability.

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