Frequently answered questions to hone the skills of the Young Entrepreneurs of India
Ans: It teaches students age 14- 22 to launch their own venture. This is taught through 4 steps:
1) Theoretical Learning – analyzing case studies e.g Facebook , entrepreneurship frameworks, introduction to intellectual property law, pitch deck analysis
2) Practical Experience – conversations with industry leaders and successful entrepreneurs, start-up visits, team selection and building exercises, learning to how make and deliver presentations
3) Brainstorming and Business Plan Creation : brainstorming start-up ideas, market research, writing a business plan, mentored by successful entrepreneurs as well as alumni from top schools globally
4) Launch Venture: create the website, marketing and branding strategy, pitch business to angel investors, participate in business plan competition, launch venture in the market
Ans: Absolutely not. The idea is to teach students how to think like entrepreneurs. For instance we want ESPIRE students to “start, lead, initiate, create” in any space they like. This can be in in the workplace, socially, in the communities and in the their homes too.
Ans: Being accepted to ESPIRE has many advantages.
1) it is a highly selective program which exposes you to a peer group of the highest caliber and gives you a chance to learn from the best minds in the industry
2) as it is selective, immediately you have something exclusive to talk about in your college applications and job interviews. Very few students across India will have access to this. This places you in top 1-2% of students
3) You will learn practical life skills : eg communication skills, how to sell yourself , how lead a team, how to implement ideas
4) You will launch a start-up – an accomplishment atypical to students of your age. THE SHORT-TERM ADVANTAGE IS HELPING YOU GET INTO YOUR DREAM COLLEGE AND EARN SCHOLARSHIP TOO!
Ans: We want to make this program convenient and easily accessible, most importantly we want to teach in a manner that is most appreciated by students. Thus we intend to deliver 75-80% of this course online. So you can learn when on the move, in the comfort of your home. We also want to give you a chance to revisit the webinars by faculty and experts at your convenience so you truly understand and apply their knowledge.
Ans: The program will run for six months and end with you working on your own start-up!
Ans: We anticipate all students will have different commitments ranging from tournaments, examinations, travel to sick days during this time. The online module helps students catch up what they missed at their convenience. Again remember this meant to be a fun and exciting learning experience, we do not intend to pressure our students and thus there are no penalties for missing webinars. We will try our best to help you during a busy time for you.
Ans: You will be mentored by the very best. We want to give you a diverse range of expert to ensure you have comprehensive learning experience. These will range from alumni of top schools such as Stanford, Babson, Wharton, Havard Business School, London School of Economics, London School of Business to lawyers, marketing geniuses, branding experts, successful entrepreneurs, venture capitalists, tech wizards, UI/ UX designers, faculty from top schools as well.
Ans: Please send us an e-mail on contact@ivyaspire stating your interest in ESPIRE and we will send you the application from and requirement
You will need to fill the form and return it with an application fee of Rs 500. In addition to the form we require:
1) Video of under 2 minutes on “ I have what it takes to be an Entrepreneur”
2) Essay : 400 words or less : ‘the most entrepreneurial things I have done or plan to do’
3) If you are shortlisted then you will be invited for an interview
Ans: All completed applications must be sent in to us no later than May 12th, 2015.
Ans: For 2015, we will begin the ESPIRE program on June 15, 2015.
Ans: We have already mentored students to launch various successful ventures:
1) www.librorum.com ; an online resource sharing community,
2) HumEnergy – pay villagers to generate electricity and then sell it to nearby household via storage batteries
3) www.speakupstaystrong.com – social entrepreneurship mentoring students on anti- bullying
4) Purple Badge – educates students and government schools on career options available today.
Among many more exciting ventures.
Ans: We are the perfect platform for you then. We will help give this idea shape looking at various areas that you need to work on to succeed. We will then help you form an excellent well suited team that is essential to the growth of the venture. Next we will help you actually create a business plan and launch the venture and ideally incubate it as well.