The Indian Institute of Management Bangalore (IIMB) threw its gates open to the school students on Sunday, for an event aimed at empowering the next generation of entrepreneurs.
“Youth Udyami,” organised by the students of the Executive Post Graduate Programme (EPGP) and Post Graduate Programme for Enterprise Management (PGPEM), brought together aspiring young entrepreneurs with a mission to foster entrepreneurial talent among the young aspirants.
The event received over 300 registrations, out of which 50 students from various schools across Bengaluru were shortlisted to present their ideas.
Professor Amar Sapra, Chairperson of the EPGP, encouraged the students to become entrepreneurs and said – “To be successful in a new venture, entrepreneurs not only need a good business idea, but they also need plenty of luck. Some succeed in their first attempt, but many fail a few times before they succeed. This is why two qualities necessary to be a successful entrepreneur are persistence and resilience. “. A key highlight of “Youth Udyami ” was the mentorship provided by the IIMB students who helped to enhance the business acumen and prepare the pitch for pursuing their entrepreneurial ideas.
Participants gave their presentation on identifying a problem, defining potential customers, developing a financial plan, planning for scaling, and creating a launch strategy. Students from MEGA International school present a unique community-driven green cycle initiative focused on creating artistic jewellery from recycled household waste.
The grand finale of this initiative will take place on “Prayaas Day,” tentatively scheduled for February 2025. On this day, final 10 applications will be judged by IIMB professors and industry leaders, who will evaluate the business models and provide feedback.
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