As many as 1,000 student-led startups out of 51,000 ideas have been selected for the next round of the Delhi government’s Business Blasters program, an official statement said on Saturday.
Chief Deputy Minister Manish Sisodia, who also holds the education portfolio, claimed that the student entrepreneurs of the government’s Arvind Kejriwal school start-up program will bring glory back to India which was known as “Sone Ki Chidiya” (Golden Bird) in the past.
“They will develop businesses where students from all over the world want to work,” he said, motivating students during the Business Blasters Masterclass.
Out of 51,000 start-up ideas, 1,000 student-led startups have been selected to participate in Round 2 of the Business Blasters program. Of this number, 100 startups will be selected for Round 3, according to the press release.
The Delhi government’s Business Blaster program is the very first school start-up initiative on such a large scale and it is being discussed across the country, Sisodia said.
“India has one of the largest populations of young people, which can help make the country a developed nation. To do this, we must eliminate the spirit of job search among the country’s youth and instill in them the spirit of entrepreneurship, ”he noted.
Ritesh Malik from “Innov8 Co-working” and Swati Bhargava from startups “CashKaro” and “Earn Karo” shared tips and tricks with the city’s public school students for business success during the Masterclass.
“Three elements are necessary for the success of any business: the recognition of business ideas, the willingness to take risks and the passion to work on the idea. Don’t just think of making money from the business, linking business ideas to social causes leads to phenomenal success, ”said Malik.
Bhargava explained how to raise funds for businesses. India is the biggest market in the world, with proper planning you can grow the business, she said.
It is necessary to have a big team to move the business forward, a small start-up can grow into a big business based on the team, she added.
AAP MLA Atishi said, “We need to eliminate the obsession with finding a job after graduation. I think now that our business blasters have conquered their fears, they will bring new changes to the country.
Sisodia added that impressed by the success of young entrepreneurs in Delhi schools, 600 people have already volunteered to invest Rs 11 crore in their business ideas.