Just like any budding entrepreneur, the novices need to be guided on the intricate nuances of B-Plan formulation, while the succesfull B-Plans need incubation.
But what do you mean by mentoring and incubation?
For the innovative and implementable B-Plans to survive and flourish, especially during the start-up period when they are most vulnerable, it is essential that they be provided with hands-on management assistance and orchestral exposure to critical business support services in a nurturing, interactive and supportive environment.
Mentors use their experience and expertise to guide the novice entrepreneurs, provide them with strategic and operational inputs and give them a direction for product development, thereby shortening their learning curve and helping them to find implementable solutions much faster.
In this video, ERIC RIES – the Silicon Valley entrepreneur and the author recognized for pioneering the LEAN STARTUP MOVEMENT, in his unique way explains how, with proper mentoring and incubation it is much easier for entrepreneurs to become successful now than it was even a decade ago. Take a look!
A major event in this year’s edition of Consortium is – ‘ASCENT-the B-Plan competition’. This event is mainly targeted at participants who are veterans with their own ideas and B-Plans which have not yet been incubated.
Apart from the conventional B-Plan presentation, this year we are introducing an idea dissemination session – ‘Ideate!’, mainly targeted at those participants who are relatively inexperienced at developing a full-fledged B-Plan, yet possess the zeal to become an entrepreneur.
Register yourself for the event at http://www.consortiumvnit.com/ and find your ideas in safe hands!
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