Ideas don’t make entrepreneurs it is the ability of an individual to monetize an idea and commercialize it for the benefit of society and to solve an existing problem. At Rishihood, we promote an entrepreneurial mindset and support students from all areas of study to venture into the area of new business formation. Many of today’s most successful business people had their beginnings as college start-ups and we, at Rishihood University, are here to support such initiatives from the students.
While many students have great business ideas, a lot also struggle with the question of how to raise capital for a startup. Funding is central to the survival and sustenance of any organization. Seed funding at the Rishihood University Incubation Center provides capital for the startups of our students. This support is provided by the University in the form of office space, facilities and mentorship for a limited period to help the start-up take off.
The University also has its own Incubation Center that aims to meet the funding demands of the startup ideas of our students. The Incubation Center is specially designed for the students, for the society, and for an impact fostered by potential investors. Rishihood invites some of the most sought after venture funds for its students and alumni. Promising startups that possess the ability to create greater impact are usually preferred by investors, in exchange for an equity stake.
Students share their innovative business ideas through business plan competitions before potential investors and convince them to invest in their project. Once convinced, the investors promote their idea. Generally, a representative of the investors takes part in the management of the business to monitor the operations regularly and keep a check that everything is done as per the framed plan. The investors significantly increase the capital as they see good returns. This also increases production, marketing and other expansions like building a network etc. Startups with higher capital inflow move towards profitability and reach a wide range of customers, thereby touching more lives.
Besides Angel funding for student start-ups, the University promotes funding ideas such as crowdfunding, Micro Venture Capital firms, network funding, government-backed business loans, Bank-funded personal loans. These are all supported by well-researched project reports and business plans that have been pre-tested on their merits.
Irrespective of which degree programme you are pursuing, we encourage you to always develop an entrepreneurial mindset and develop a risk-taking appetite.