CMIA’s Marathwada Accelerator for Growth and Incubation Council (MAGIC) aims to create startup ecosystem in the Marathwada Region by mentoring technology based scalable business ideas, MAGIC provide incubation support, prototyping and testing services to the startups to create impact in Marathwada Region.
CMIA’s Marathwada Accelerator for Growth and Incubation Council (MAGIC) in association with GIZ and Indo German Tool Room (IGTR) hosted 2 Days Startup Bootcamp for the Startups, Innovators and SME’s in the Marathwada Region on 19th & 20th (Saturday and Sunday) October 2019 at Indo-German Tool Room (IGTR) Aurangabad.
The 2 day Bootcamp was conducted by the experts Mr Mukesh Ashar & Mr Deepak Meharia. The bootcamp focused the topics like startup business sustainability, scalability through taking the participant understand from basic of Entrepreneurship, innovation, customer empathy, business modelling, business plan, Presentation and pitching to stakeholder.
More than 40 participants participated in the bootcamp comprising Startups, Students and Faculties from various Institutes from Aurangabad.
Prof (Dr.) Devanand B. Shinde, Vice-Chancellor, Shivaji University, Kolhapur, Mr H.D. Kapse, Managing Director, IGTR Aurangabad, Mr Shankar Kumar, Technical Advisor GIZ New Delhi, Mr Ritesh Mishra, Director MAGIC and Mr Tasvvar Ali, Technical Advisor GIZ inaugurated the program and presented wishes to all participants for the bootcamp.
The 2 Days Startup Bootcamp conducted using Experiential Learning Pedagogy, which means participants engaged in hands-on activities rather than learning only theories. Startups got a chance to specifically work on their own project ideas.
On the first day at bootcamp, participants learnt about the Entrepreneurship and the Innovations in the Startups. The session on Idea to Reality was a learning experience to all participants. Participants were introduced to the 6 E’s Model (Explore, Empathise, Experiment, Execute, Enjoy, Evolve) where they got to know about the stages for turning any innovative/startup idea into reality.
Also a new approach about the Solution to Problem was introduced to participants in which they identified few solutions/businesses from their daily life use and tried to find out the actual problem they are solving.
On the second day of workshop, the participants presented the Problems, which they had identified on the first day of workshop on a chart and explained to the rest participants.
The next session was on the Business Model Canvas, where u get to understand the all aspects of your Business and the solution you are building for your customers. This session was conducted like an activity where the participants represented each element of canvas model and tried to find out the relation between them.
After this activity, the participants prepared the Business plan using the canvas model for the Problems they had identified and presented in the morning session. Later the mentors and the participants has one to one close door interaction meeting to understand the actual problems participants are facing in there Startups/Businesses.
The concluding session was about Value Proposition and open QnA session where participants interacted with the faculties.
Mr Ashish Garde, Mr Prasad Kokil, Director MAGIC and Past President CMIA and Mr Ritesh Mishra took efforts to make the programme successful.
The valedictory function was conducted in presence of Mr Shivparasad Jaju, Hon Secretary CMIA, where he inspired and motivated all the participants through his speech. Mr H.D. Kapse, Managing Director, IGTR Aurangabad, Mr Mahesh Kattale, Manager Incubation and CMIA Secretariat were present for the valedictory function.
The 2 Days Bootcamp covered the following modules:
1. Introduction to Entrepreneurship & Innovation
2. Idea to Reality
3. Value Proposition
4. Problem Elaboration
5. Customer Empathy
6. Business modelling
7. Business Planning – Financial Projection, Sustainability, Scalability, Audience & Stakeholder, Presentation Content
Incubation support will be provided by MAGIC to the potential startup team post Bootcamp.