As part of Business Blasters, this team of Speakers including Sujay, Khushi, Siriya, Yash, Vidisha, all students in class 12 of School of Excellence, Khichiripur successfully marketed a high quality and economical bluetooth speaker. courtesy of www.thebusinessblasters.in

This is the second in a two-part story on the Delhi government initiative to introduce entrepreneurship classes for students in grades 11-12. You can read the first part here.

Students are clearly struck by what is expected of them in this program designed to encourage and nurture entrepreneurship. “People study, work hard and pass exams, but very few get jobs, and fewer get decent jobs,” says Khushi, a student at the Government-run School of Excellence in Kalkaji. “If this course and the Business Blasters make me a businesswoman, I’ll know where I’m going.”

Khushi and his Speakersters team of four other people focused on the idea of ​​a good quality and affordable Bluetooth speaker. They realized the need for such a device when long sessions of online lessons made the use of earplugs and headphones stressful and put excessive strain on their ears.

They bought the components from the wholesale market, used eco-friendly wood instead of plastic, and built a choice of speakers with and without an amplifier with a six-month warranty. As Yash Gupta, who leads the team and manages the accounts, later told the “sharks”, each speaker cost Rs 250 and they were selling them for Rs 299. Some of their first clients asked for a few of them. more. The idea was promising. The idea sparked investor interest and the team began work on scaling it up.

Another team sold paintings and made a profit of Rs 30,000, and yet another marketed high quality compost. A team has made crafts and handmade chocolates with great success. All of them have more money, most of the time less than 50,000 rupees, but they have angel investors who are interested in their business ideas.

“The program taught us what we learn after college now – how to communicate with people, customer management, value for money, and most importantly, time management,” said Divyanish, 16. , from the painting team.


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Students are part of Delhi Entrepreneurship School Program
The Home Products team, called HomeCreations, at work. courtesy of www.thebusinessblasters.in

Shark Tank India

On June 22, a popular satellite TV channel aired its first promotion of its commercial reality TV series Shark Tank India. The promotion called for the enrollment of small entrepreneurs whose business ideas would be evaluated by successful businessmen like Anupam Mittal, Founder-CEO of Shadi.com, Peyush Bansal, Founder and CEO of Lenskart.com, and Ashneer Grover, founder and managing director of digital payments. Bharat Pe.

These “sharks” were to assess, refine, invest and capture those whose ideas have passed their grueling interview. The reality show aired from December 20. The “sharks” were friendly and encouraging, but astute businessmen gave unbiased and actionable feedback to entrepreneurs showcasing their products and services and seeking funds for a percentage of equity. Sharks sometimes outbid each other when the business idea tempted them.

The business ideas presented ranged from the mundane to the bizarre. A young woman was making designer sleeves that could be worn over any dress or top and matched to any event. The response was lukewarm, although she did get some money.

There was “Momo Maami” which sold 35 varieties of frozen momos, and its equity was seized by three “sharks”. All the sharks wanted to bite into those frozen momos – she made them a platter. A budding entrepreneur started an electric cycle for campuses and resorts, but was ditched like a hot potato.

Learn from masters

In the classroom, there are live interactions with entrepreneurs on Zoom, an important part of EMC. Among those the students interacted with live was Mustafa PC of ID Fresh Food, famous for his idli-dosa dough. He told them how he borrowed money from an uncle and opened a shop at the age of 10 outside his house, using his father’s bench and his mother’s sari to make the dough.

Kiran Mazumdar Shaw told them to take up an idea they will be passionate about and a commitment they won’t give up, but learn from failure. And give back to society. “Insane courage helps, it gives you the courage to do something bigger,” Shaw told them.

From Sarita Sarvaria, Managing Director of Express Housekeepers Pvt Ltd, who said she couldn’t resist picking up the trash when she saw them on the road before her, they learned that no job was too much small. Sujata and Tanya Biswas from Suta, the portal for sari-and-blouses, explained to them how they wear sarees and clicked on the pictures to cut costs! From Abhiraj Bhal of Urban Company, they learned that learning should be an ongoing journey and that they should focus on what is in their control: the quality of customer service.


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Seed fund Rs 60 crore

The Delhi government regards its allocation of Rs 60 crore as seed money aimed at turning India into a five trillion dollar economy. Education Minister Sisodia told a group of teachers that the new education policy is about taking risks, so the government is more than happy to take the risk of investing that money. “In the pilot project of 41 student groups, profits ranged from Rs 650 to Rs 24,000,” Sisodia said.

The project naturally involved the training of teachers. The government has decided to fully fund teachers who are admitted to such educational programs at world universities. Business coaches guide them too.

The distribution of Business Blasters continued with the launch of a website on December 5, allowing the public to invest in student startups and buy their products. The site gives details about the judges and student teams.

In addition to this “shark” type investment search, the government is planning a carnival next February, where the 100 best projects will be displayed. Among the guests there will be angel investors.

There is also something more for students – some students will be admitted to the BBA program at Netaji Subhas University of Technology (the East Delhi campus) and Delhi University of Technology without an entrance test.

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