Top 8 Questions with : Neelakshi Malik, Chairman of JIMS, Rohini
Updated on: 01 Jul 2016
Manish Gupta talks to Neelakshi Malik about the Udgam Incubation Centre and E-Cell that is helping students launch start-up ventures
What is the purpose of launching Udgam Incubation Centre?
We've observed that a lot of start-ups are unable to get funds and proper mentorship. If there is zeal in entrepreneurs and their idea is right, UDGAM aims at providing a strong backing to make their dreams come true and successfully launch them with their value creating initiative. We've already funded around seven companies in the entertainment, education, human resources, automobile, beauty and lifestyle segments.
How do you go about mentoring entrepreneurs?
Our faculty, which has been working with different domains, is helping students in research and development work, understanding the consumer behaviour, product testing, data analysis etc. Moreover, we have a strong line-up of guest faculty which shares first-hand experience about the industry and discusses how to deal with the challenges in the field. We guide them on how to set up business ventures and effective operation and productivity.
What kind of projects have been funded by this incubation centre?
Jyoti, a PGDM student, has been able to get funding for her venture Globox which is an online monthly-based subscription service for beauty products. Manhar Gupta and Prachi, MCA students of JIMS, also received support from college for their online venture Wholesale Bazaar which aims at preparing software for people in wholesale markets to sell their products internationally. They have already created a prototype which will soon going into testing.
What are the latest developments in the start-up culture?