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24/10/2019 12:50pm

Boot camp for MSMEs organized by Indo-German Tool Room in Aurangabad; Various topics related to entrepreneurship covered

image Boot camp for MSMEs organized by Indo-German Tool Room in Aurangabad; Various topics related to entrepreneurship covered

Aurangabad, Oct 24 (KNN) The Indo-German Tool Room, an initiative of GIZ in support with Ministry of MSME, organized a bootcamp in Maharashtra's Aurangabad district. Various topics related to entrepreneurship including Introduction to Entrepreneurship & Innovation, 6E model – Idea to reality, Idea assessment and Elaboration, Value Proposition, and Business Planning and Modeling were covered in this two-day camp.

The camp was organised in collaboration with Chamber of Marathwada Industries Association's (CMIA’s) MAGIC on October 19-20.

It was was conceptually supported by GIZ under its Indo-German MSME INNO programme.

The Boot Camp was inaugurated by HD Kapse, Managing Director, IGTR Aurangabad, who welcomed the startups and students in this two-day event. 

In his address, Kapse described the unique engineering and technical facilities available at IGTR which can be availed by entrepreneurs and startups.

The Boot Camp was attended by more than 40 participants. The participants comprised both the startups, who had recently started their operations, and also some of those who were in ideation phase. 

Deepak Menaria and Mukesh Ashar from Lemon Ideas, Nagpur facilitated the boot camp as the mentors for the event.

The mentors used an experiential learning approach which was especially intended to guide the participants to convert their idea into reality. Boot camp focused on guiding the participants through a step by step process to build an enterprise based on a proven approach for example 6E’s model. Participants were informed about 17 Attributes of an entrepreneur required to operate the venture successfully and the simulation games actually helped them to understand and experience the different variables of an actual venture management. 

Dr Devanand Shinde, Vice Chancellor, Shivaji University, Kohlapur, outlined the importance of entrepreneurship and innovation . He emphasised upon the importance of industry-academy collaboration for promotion of start-up culture in the country. Ritesh Mishra, Director, MAGIC, spoke about MAGIC and its incubation activities.

Shankar Kumar from GIZ India apprised upon importance of cooperation and coordination amongst the varied stakeholders for strengthening startup ecosystem in the region. He praised MAGIC & IGTR for joining hands to organize this event together.

Jayesh Bagul, Sr Manager, Training, IGTR, interacted with the participants and outlined the facilities startups can avail including co-working space, access to software, machines and mentorship if they decide to incubate in IGTR while Dharmendra Chauhan, Incubation Manager, IGTR, interacted with the participants and highlighted about the new initiatives planned out by IGTR, Aurangabad.

Since, the Boot camp generated lots of vibrancy in a tier -II city like Aurangabad and in the feedback session nearly all the participant demanded similar capacity building session soon.

MSME Inno is an underway programme of GIZ. In association with the MSME Ministry, the programme supports institutions that promote economic development – such as business chambers and associations – in developing a range of innovation-enabling services for MSMEs. 

In addition, GIZ provides advice on methods and instruments that can be used to identify opportunities for improving business operations and the supply chains of large companies.

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