The Entrepreneurship and Incubation Cell of H.R. College is a student body, certified by the Ministry of Education and Mahatma Gandhi Council of Rural Education, which aims to inculcate the spirit of entrepreneurship in the minds of young students and create a zeal amongst the students who wish to pursue entrepreneurship as a career.
Vision: To create an environment conducive to the growth and development of the entrepreneurs and innovators of tomorrow. The E-Cell strongly believes that with correct guidance and support even the smallest of ideas can grow and lead to successful entrepreneurial ventures. The E-Cell aims to promote holistic learning to pave the way for a self-sufficient ecosystem that encourages the growth of new and innovative ideas.
Objectives of the Entrepreneurship and Incubation Cell
- To create a complete ecosystem that will foster the culture of self-employment and innovation while providing training to the students.
- To provide a platform for budding entrepreneurs to pitch their ideas and connect them with potential investors to build a successful start-up.
- To conduct relevant seminars, workshops, and lectures with Alumni and subject experts to acquaint the students with strategies, insights, and knowledge required to become a successful entrepreneur.
- To provide ample mentorship opportunities for the budding entrepreneurs of college
INCUBATION FEST - RISE 2021
February 22-27, 2021
The Entrepreneurship and Incubation Cell (E-Cell) conducted its Inaugural Incubation fest of H.R. College called RISE – Re-enforcing Startup and Entrepreneurship. The committee invited business ideas from participants and contingents all over Mumbai. From these entries, the top 8 teams were given an opportunity to present their business ideas to the panel of judges. I/C Principal Dr. Pooja Ramchandani and Vice Principal Dr. Navin Punjabi, graced the Opening Ceremony with their presence.
The following three days, renowned industry experts such as Mr. Mithun John, CEO at the Strategy & Operations for the Maharashtra State Innovation Society; Mr. Rishabh Shah, Founder and President of IIMUN, Founder and CEO of Aufklaren Group of Companies; and Ms. Namita Shah, Founder of Presolv360; conducted three workshops, which were actively attended by the qualifying participants, as well as other students from H.R. College. These workshops provided the participants with insights into essential topics such as the role of government in entrepreneurship, obtaining funding for start-ups, and the role of communication and pitching for start-ups.
The first speaker Mr. Mithun John, is a graduate from IIM - Bangalore and has more than 11 years of experience in two start-ups. He elaborated on the various initiatives provided by the government such as the Maharashtra Ignition Grant for young entrepreneurs at a college level, as well as the Maharashtra Grand Challenge, which aims to invite solutions for the problems faced by the various departments of the government.
The second speaker Mr. Rishabh Shah, addressed the young business enthusiasts on how to master the art of communication and pitching for startups. He emphasized the important role of communication and pitching in establishing a successful venture. Mr. Rishabh also highlighted the fact that knowing when to pitch is as important as knowing how to pitch to potential investors.
The Government of India recognizes the third speaker, Ms. Namita Shah among the top 60 in the ‘Women Transforming India’ initiative. She has also secured a gold medal in chartered accountancy. She enlightened the audience about the various options available for start-ups to obtain funding. She highlighted the importance of identifying the correct time to find gather funds for one’s ventures. The speaker also shared the various alternatives to seed funding available for budding entrepreneurs. Based on her vast experience, she also narrated her personal experience in the field of entrepreneurship and the various motivational factors that can inspire one to set up their entrepreneurial ventures.
The participating contingents also took part in a social media contest where they needed to design a logo for their start-up. The Entrepreneurship cell witnessed immense creativity from all the participating teams.
On the main day of RISE, the shortlisted contingents presented their business ideas in front of the expert panel of judges that consisted of Mr. Mithun John, Miss Namita Shah, and Mr. Kapil Arya. The shortlisted teams needed to present their business plan in a concise manner with the help of a PowerPoint presentation subject to maximum of 10 slides. The judges witnessed a diverse range of problem-solving ideas from teams all across India. Chinmaya Naik bagged 1st place and received Incubation from our Incubation Partner PedalStart. His idea was to provide an ed-tech platform for blind people for their better development.
The E-Cell partnered with PedalStart to provide incubation to the winning business idea. PedalStart provided mentorship, financial education as well as brainstorming with dedicated teammates to polish the winning idea and team into a Minimum Viable Product (MVP). This was the first time an aspiring entrepreneur received incubation through H.R. College. The team shall receive expert guidance from industry leaders from the Partner Pedalstart. Besides, the top 3 teams received trophies, hampers, vouchers from the diverse range of Sponsors.
I/C Principal Dr. Pooja Ramchandani thanked all the contingents for coming up with innovative viable solutions and for participating in RISE. She also congratulated Ecell and the entire team for successfully conducting RISE - the first Incubation fest of H.R. College.
Workshop conducted on REDC by the Faculty Development Centre
October 19, 2020
The Faculty Development Centre of Mahatma Gandhi National Council of Rural Education (MGNCRE), set up by the Government of India, conducted an online workshop for students under the Rural Entrepreneurship Development Cell to educate students on preparing a sustainable action plan for promoting entrepreneurship in developing sectors of the country.
Objectives of the Workshop:
- Functionality of RED Cell
- Preparation and implementation of business plan
- Strengthening the way for business plan competition
Alumni Lecture Series
Masterclass with Masumi Mewawalla
September 10, 2020
Ms. Masumi Mewawalla is an alumnus and fashion entrepreneur who guided students about her inspirational journey of setting up her entrepreneurial venture at the age of 21. Her story motivated all the students to follow their passion with all their heart, to never give up, and continuously embrace failures but always learn from them.
Learnings at H.R. College – inspiration to build BOHECO
October 24, 2020
The two successful alumni, the founders of Bombay Hemp Company – Mr. Jahan Peston, Co-founder and Director, Strategy & Investor Relations and Mr. Chirag Tekchandaney, Co-founder and CEO; guided the budding entrepreneurs of H.R. College on how their college learnings helped them in building a massive company. The alumni also focused on strategies they used to turn around the stigma of cannabis and how beneficial cannabis is in the field of textile, automobiles, and medicines.
GOING BEYOND THE DEGREE
October 31, 2020
Two other alumni Mr. Anirudh Agarwal and Ms. Priyanshi Chokshi, were invited to share the learnings that helped to set up their venture “Beyond the Degree”.
The speakers, both chartered accountants, decided to use their knowledge of various professions to encourage students to pursue unconventional choices in the field of entrepreneurship. Both alumni emphasized on the fact that no one is born as an entrepreneur, but what distinguishes an entrepreneur from the others is their passion and dedication.
They shared with students their experiences in college and how the numerous opportunities of participating in committees along with academic activities, taught them valuable lessons in time management and goal alignment. They also showed the several aspects of the entrepreneurial journey right from ideation to implementation, and shared with students the Do's and Don'ts of a startup. Our speakers also bust popular myths that are associated with the entrepreneurial journey, and motivated us to put our best foot forward. This event had active participation of around 100 attendees.
ENTREPRENEURSHIP AS A HABIT
November 7, 2020
The E-Cell conducted its third session of the Alumni Lecture Series with Mr. Abhinav Ravi, a senior executive of restructuring services international at Deloitte Global FA. The topic for the lecture was “Entrepreneurship as a Habit”.
Mr. Abhinav shared his knowledge on wealth creation, money management, and savings. He focused on the wonders of compound interest and investing at an early age. He also encouraged the students to consider the time value of money while taking important decisions. Focusing on how entrepreneurship can be instilled as a habit amongst students, he said that entrepreneurship is more about mindset and providing value rather than its traditional definition as a startup or merely a business.
He touched upon important topics such as public speaking and stressed upon the fact that students must break out of the bubble and overcome their fear of being judged by others. The first step towards speaking confidently in front of people is starting with a small set of people and communicating in one’s native language.
Mr. Abhinav also touched upon the topic of personal development and its role in one’s success. He stressed upon the fact that one must always be humble and kind, and should not be influenced by the world’s definition of success. He urged students to consider failures as a stepping stone to success, and that the trial and error method always proved to be true. His views on traveling and its ability to influence one’s personality and keep one grounded resonated deeply with students.
TEACHING SELF-COMPASSION AS A PRIMARY HUMAN VIRTUE
November 11, 2020
The Entrepreneurship and Incubation Cell conducted its fourth session of the Alumni Lecture Series by Mr. Sahil Raina. He is a bodywork, movement, and breath-work practitioner. The topic for the online lecture was “Teaching self-compassion as a primary human virtue”.
Mr. Sahil conducted an inspiring session on self-compassion as a primary human virtue. He spoke about self-acceptance and its inherent connection with understanding oneself and acknowledging the parts of ourselves that we reject. He taught students about the importance of an internal validation system and the need to acknowledge our feelings. His positive perspective towards overcoming obstacles in life, and belief that rejection provides us an opportunity to offer ourselves more love truly resonated with the audience.
Mr. Sahil conducted an activity called ‘Connecting to the wise person’ involving deep breathing and imagination to guide us on the essence of self-awareness and self-appreciation. He also introduced our audience to the components of our inner selves and taught us how we can work towards keeping each component healthy and active. He described the importance of creating a safe space with the audience and the role of comfort, authenticity and trust in making a situation more accepting. Mr. Sahil also narrated his personal experiences in using performance and story-telling as ways of self-engagement and self-acceptance.
HOW TO BUILD EFFECTIVE RESUMES
November 21, 2020
The Entrepreneurship and Incubation Cell conducted its fifth session of the Alumni Lecture Series with Mr. Sharang Dhaimade, a higher education specialist and the co-founder of Seed Global Education. He is also a certified resume reviewer from the State University of New York.
Mr. Sharang gave a brief introduction, touching upon his 5 year journey in H.R. College. Using his own resume as an example, Mr. Sharang explained the key points that one must mention in their resume. He touched upon the steps of preparing a resume which include knowing oneself, researching the company, networking with individuals and lastly creating a resume. He also explained the process of recruitment right from creation of job opportunities to hiring of candidates.
Mr. Sharang broke down the resume to explain in detail each key element that is to be included, and it’s relevance in the recruitment process. He highlighted the importance of carefully reading and understanding the job description and tailoring one’s resume to suit the needs of the organisation. He also introduced students to the CAR concept in resume writing that would enable students to create a result oriented resume, and the 5 P’s of resume writing. He shared insightful tips as well as common mistakes made by students that must be avoided.
The event was a success that witnessed active participation from the students.