Entrepreneurship Cell
January 25, 2024 2024-07-03 14:15Entrepreneurship Cell
The Entrepreneurship Cell of SIMSREE aims at inculcating and nurturing entrepreneurial values amongst our students through various competitions and workshops. We also conduct various interactive sessions with industry stalwarts from diverse domains which helps in inculcating the entrepreneurial spirit among potential go-getters at SIMSREE.
What we do?
Springboard is our flagship event that is held every year in the month of February to celebrate the ethos Entrepreneurship. The event consists of two main formats. The first format is a Panel Discussion where eminent speakers coming from different industries and domains discuss on a topic pertaining to the field of entrepreneurship and put forward their views on the same in front of an eager audience of 180 students who are hungry to learn from the exposure given by the panellists. The second format consists of a National Level Business-Plan competition ‘Avsar’ in which students from various Business Schools across India participate, compete and are given a chance to take the centre stage and present their winning idea.
SIMSREE values the importance of Entrepreneurship and aims to educate the students in Entrepreneurship. This will not only help the students willing to start their own business but also will bring about a sense of responsibility and passion, shown by an entrepreneur, in their future daily work life. To take forward this goal, we are working on setting up a much needed Incubation Centre in our very own Campus. This is of much value as over the past couple of years and even in the current batch, more than 20% of the batch strength has shown inclination towards starting a venture and exploring entrepreneurship.
Industry Exposure and Stories of successful and even unsuccessful ventures is extremely important for the students to be inspired and also to be able to identify the sectors in the world where they could solve real problems. To achieve this, we aim to bring the Industry to the Students and we focus on inviting experienced Entrepreneurs from different domains.
- A community of students who can come together to share opinions, interact with classmates who
- Involves activities like Book Reviews, Case Studies, Interviews with Entrepreneurs, Opportunity to attend Start Up Events, etc. and overall efforts to rid students of their stage fear and improve on
- The interested students attended the Mumbai chapter Meet of CII and CAYE to be associated with YI which is a youth wing of Entrepreneurs with Global Presence.
With the full-fledged support from the institute and chairpersons, the committee is heading towards success. And success meter for us is the increasing number of SIMSREE students turning to entrepreneurs.
On 24th February 2024, The Entrepreneurship Cell organized an exhilarating
competition, “Business Frenzy,” designed to test the entrepreneurial acumen
and creativity of participants. The event comprised three rounds, each
challenging participants to showcase their knowledge, problem-solving
skills, and innovative thinking.
In Round 1, participants engaged in an Online Quiz, testing their
understanding of startups, new trends, and innovations in the business
world. This round served as a litmus test for the candidates’ foundational
knowledge and awareness of current business dynamics.
Round 2 presented participants with a Case Study, requiring them to analyze
and identify the challenges faced by companies. Participants were tasked
with devising innovative solutions to overcome these obstacles, showcasing
their ability to think critically and problem-solve effectively.
The culmination of the competition was Round 3, the Business Plan round.
Here, teams were challenged to develop an innovative product or service
based on an abstract topic provided to them. Teams had to craft a rough
business plan encompassing important aspects such as pricing policy,
marketing strategy, competitor analysis, financial feasibility etc. This
round pushed participants to think outside the box, fostering creativity and
strategic thinking.
“Business Frenzy” provided a platform for students to not only demonstrate their entrepreneurial prowess but also hone their skills in strategic planning, problem-solving, and innovation. The competition encouraged participants to embrace challenges, think creatively, and develop viable business solutions—a testament to the spirit of entrepreneurship fostered by E-Cell. As participants showcased their ingenuity and passion for entrepreneurship, the event proved to be a resounding success, inspiring future leaders in the business world.
The Entrepreneurship Cell (E-Cell) under the Entrepreneurship and Skill Development Program (ESDP) scheme of the Ministry of Micro, Small and Medium Enterprises (MSME) recently organized a skill development workshop in collaboration with the Institute on Risk Management, UK. The workshop aimed to equip aspiring entrepreneurs with valuable insights into enterprise risk management and its strategic application. Ten enthusiastic students from our college had the privilege to participate in this enlightening event. Over the course of five days, participants delved into various aspects of enterprise risk, learning effective strategies to identify, assess, and mitigate risks associated with entrepreneurial ventures. The workshop emphasized the importance of leveraging risk to one’s advantage in the dynamic landscape of business. Through interactive sessions, case studies, and practical exercises, students gained practical skills and theoretical knowledge essential for navigating the complexities of entrepreneurship.
Upon successful completion of the workshop and passing the examination, participants were awarded Level 1 certificates, recognizing their proficiency in enterprise risk management.This certification serves as a testament to their dedication and commitment to enhancing their entrepreneurial skills. The workshop provided a valuable platform for students to broaden their horizons, network with industry experts, and gain hands-on experience in risk management—an indispensable aspect of entrepreneurial success.
Introduction: On 18th February 2024, hosted a dynamic panel discussion on the topic “Creating, Building, and Sustaining” in entrepreneurship. The event commenced with the ceremonial lighting of the lamp, signifying the enlightenment and exploration of new ideas. Following this auspicious start, Mr. Ravi Chaturvedi, the esteemed past Global Director of PNG, shared his wealth of experience and insights with the audience as the keynote speaker. Subsequently, the discussion transitioned into an engaging panel conversation with three distinguished panelists and a seasoned moderator.Keynote Address by Mr. Ravi Chaturvedi: Mr. Chaturvedi’s keynote address was a compelling narrative of his journey in the world of entrepreneurship. Drawing from his rich experiences, he provided invaluable insights into identifying opportunities, validating ideas, crafting business plans, and securing funding. His keynote served as a guiding beacon for aspiring entrepreneurs, setting the tone for the enlightening discussion that followed.Panel Discussion: Under the adept moderation of Mr. Nilesh Lele, President at Chamber for Advancement of Small & Medium Businesses, the panel discussion unfolded seamlessly.
Creating:
- Ashwin Srivastava elucidated on the importance of social impact and sustainable growth, drawing from his experience in transforming millions of lives through Sapio Analytics.
- Vaibhav Goyal shared his expertise in leveraging AI solutions for enterprise transformation, emphasizing innovation and agility in crafting compelling business plans.
- Vibha Kagzi provided insights into market research and customer validation, urging aspiring entrepreneurs to embrace data-driven insights in refining their ideas.
- The panelists discussed team building, culture, marketing, branding, and scaling operations, offering practical strategies for fostering a positive work environment, reaching target audiences effectively, and managing growth sustainably.
- They emphasized the need for adaptability in responding to market shifts and emerging challenges, urging entrepreneurs to remain agile amidst changing landscapes.
- The discussion on sustaining businesses delved into maintaining financial stability, overcoming setbacks, burnout, and exploring exit strategies.
- The panelists shared key financial metrics, resilience-building techniques, and insights into different exit options, empowering students with a comprehensive understanding of long-term sustainability in entrepreneurship.
In keeping with the rich Sydenham tradition of imparting high quality education, the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) was founded in the year 1983.
