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JGI Venture launches Entrepreneur program for young minds
By Sangeeta Bora, SiliconIndia
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Bangalore: JGI venture is all set to incubate young entrepreneurs in India. A fund of 500 crores will be deployed towards this program by JGI venture. This venture fund is linked to the IDEA (Incubating and Developing Entrepreneurial Ability) program launched by JGI Ventures.
This JGI idea program is a vision of Dr R. Chenraj Jain. His 15 years of experience in business and 25 years in education has convinced him to come out with a program on Entrepreneurship program. He has been successful in mentoring 47 business enterprises informally. Now JGI venture decides to give this effort a formal push and hence this Post Graduate Program in Entrepreneurial Ability with Guaranteed Investment and Incubation of Students' Business Idea will be formally launched in India. Dr Jain believes that not everybody can become Reliance or bill gates but anyone who has the drive and rigor can become an entrepreneur and create employment and help in the country's social upliftment by reducing poverty.
IT revolution has bought tremendous change in India. The Indian market is now more favorable to new entrepreneurial ideas.
Speaking about the program Yeshasvani Ramaswamy, anchor of JGI idea said 95 percent of the entrepreneurship business in the world collapses or entrepreneurs give up because of lack of support system and fund, and this is where JGI enters as an angle to the lives of young entrepreneur. JGI will provide that committed entrepreneur support system.
Yeshasvani points out further that the unique characteristic of JGI is that it is iconostas. However the guidelines for incubation will differ from business to business. It will be laid in course of time before the program kicks starts.
This program is spread in three phase of 10 months, 8 months and 12 months respectively. In the first phase the students will be trained on pros and cons of the business in a world class residential campus in Bangalore. In the second phase, the program will facilitate exposure and study of developing and developed international markets like China, Honking, Germany, Philippines and England. The last 12 months JGI venture will incubate the student Entrepreneur Venture and highly experience and accomplished professionals will continuously provide infrastructure support, expert advisory services, mentoring and coaching in all key entrepreneurial aspects.
The students will be exposed to entire gamut of strategy, marketing, HR, finance, legal understanding in their incubation period. JGI venture will also provide active assistance in terms of networking, funding, customer and acquisition.
The eligibility criterion for this program is graduate from any field. Candidates will be handpicked through a selection process and has to undergo an assessment procedure. Each candidate has to pay a fee of 30 lakhs to enroll in this program. Facilities such as student loans and part payment will also be available.
Hence anybody who has the focus, talent and drive to make it big in entrepreneurship can look to enroll in this program as it will soon commence in next 16 months.
