With a premier B-school degree behind them and usually a plum job in hand, these youngsters are planning to do something different. Following a growing trend over the past few years, the IIMs have been seeing a few graduates opt out of the placement rat race. They chose, instead, to set out on their own, diving into the sea of destiny with their own start-ups and innovative business ideas.
As a result, IIMAvericks, a CIIE initiative, has come up with a capacity building workshop which is a distinctly different learning opportunity. The one-day-long workshop covered business model canvas, financial modelling, customer blueprinting, financial compliances, and bootstrapping. It was designed to help them understand the fundamentals of a starting up a business, gain some practical tips and resources that first time entrepreneurs can incorporate into their current projects and future endeavours.
In keeping with the Capacity Building Workshop approach, the sessions provided both networking time and a chance to hear speakers elaborate on the key issues faced by student entrepreneurs. The schedule of the workshop was as follows:
SessionExplanationStart TimeEnd TimeConducted byIntroductory SessionIntroduction to CIIE and how CIIE can help — a brief session10:00 AM10:30 AMKunal Upadhyay (CEO, CIIE), Prof Basant (Chair, CIIE Initiatives), and Prof Karna (Chair, CIIE)Idea to Business IdeaHow to craft the crispest business idea answering three major questions10:30 AM11:15 AMVipul (AVP — Social) & Mohsin (Program Manager — Cleantech Ecosystem Development)Tea Break11:15 AM11:30 AMLegal ProcessesHow to register a co, Tax liabilities, accounting11:30 AM12:30 PMSanea Vakaliya (Sr. Manager — Finance & Compliance)Service BlueprintMapping customer journey12:30 PM1:30 PMAshwin Joshi (VP — Ecosystem Development)Lunch Break1:30 PM2:00 PMUsing OpenFuel platform to design your BMC and product canvasSimplifying the process of business modelling, MVP and other tools used2:00 PM3:30 PMYash Saxena (co-founder, Open Fuel Project)How to bootstrap Understanding and importance and concepts of bootstrapping3:30 PM4:30 PMMukesh Agrawal (co-founder, MediaAnt)Tea Break4:30 PM4:45 PMFinancial modellingOverview4:45 PM5:45 PMAmber (VP — Infuse Ventures) and Vibhor (VP — Infuse Ventures)Startup MeetYoung IIMAvericks (Batch 2014–16)5:45 PM6:30 PMKanupradeep and Srishtie (co-founders — WIMWI Foods)
About IIMAvericks
Young IIMAvericks Fellowship is a one-of-its-kind fellowship program for graduating students of IIM Ahmedabad, who want pursue their entrepreneurial dreams. The fellowship was initiated with the idea of helping these students with a grant to sustain themselves for the period of two years in the starting of their venture.
IIMAvericks Interns, piloted in 2015, is another distinct program facilitated by CIIE, where the first years of the graduate school opt out of summer placements to do some groundwork on their entrepreneurial dreams to help them understand the ground realities of starting up.
