Seed funding for the start-ups

Project Proposals are invited from student members for kick starting campus companies through  IEDC cell of Pondicherry Engineering College. Selected proposals would be shortlisted for possible seed funding from IEDC cell.

The purpose of the small dose of assistance is to support students/ex-students of technology try out their innovative ideas (processes and products) at the laboratory or workshop stage and beyond (to the extent possible) – to carry forward the idea from its mere conception to ‘know-how ‘ and  then to ‘do how’ stage. 
Procedure :
  • Students should first register themselves as IEDC Members here.
  • Student  members of IEDC cell should identify a potential business opportunity in Manufacturing or Services
  • Student members with similar Entrepreneurial mind set should form a business team including a Staff Mentor.
  • The team should present their business proposal to the IEDC committee for funding.
  • Selected teams would get seed funding from IEDC cell and can test their business opportunity.
  • Students should Apply online using the registration form in the right and the Hardcopy of the application form given below should be submitted to the Convenor-IEDC (Dr.G.Gerald Moses , Professor, Dept. of Civil Engineering). 
entrepreneur_application_form.pdf
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Benefits :
  • Students can test their business ideas with minimal risk while undergoing graduation.
  • IDEC will facilitate the student members to kick start the start up.
  • If the business venture is successful, teams can avail larger working capital from MSME through Incubator.
  • Opportunity to set your career as an Entrepreneur.

    Apply Now
Terms & Conditions :
  • Candidates should get prior approval from staff mentor before presenting the proposal.
  • Maximum Team Size of 4 Members and Minimum of  2 Members  + 1 Staff  Mentor.
  • Teams selected for seed funding shall produce a guarantor for the amount received.
When and Where :

Date & Time :  09-10-2015 , From 3 P.M
Duration       :  Maximum 15 Minutes .
Venue           : Chemical Seminar Hall.
What to Present ?
The business plan should essentially consists of the following ingredients.

Business focus
  •  a mission statement describing the purpose of your business
List of your specific products
  • what products your business will offer your customers
  • choose tangible products rather than services
 Market analysis
  •  target demographics – who will be interested in your product
  •  market place – what other players are in your area of business
 Expected cash flow
  •  how much revenue will you generate
  •  how much money will you spend
  •  when will your business become profitable
 List of partners
  •  who’s going to work with you
  •  what are their qualifications
business_plan_template.ppt
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File Type: ppt
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