1. Amit Grover, what is your background?
I am an individual passionate about entrepreneurship. I passed out of IIT Delhi and IIM Indore, and in between worked with Infosys, Asian Paints, Onida and Mumbai Angels across several roles in software, marketing, sales, before starting on my own.
2. When did you ideate Nurture Talent and what is the business concept? What is your primary goal?
The idea came when I was in Onida, and responsible for making investments for my boss, Gulu, the Chairman of Onida. I was also handling Mumbai Angels, India’s premier group of angel investors and got involved in early stage investments and funding process. The business concept is to train and mentor aspiring entrepreneurs, businessmen, professionals and students to help them start their ventures. Our primary goal is to have 1000 ventures start in next 3-5 years, which will generate 20000 jobs.
3. What is the business model? What kind of workshops and trainings do you conduct?
The business model is to conduct paid workshops for students, professionals and startups, and charge them a fee for the training and content. It works like a NIIT as a business model. We conduct workshops on idea to execution, business plan, finance, marketing etc.
4. What has been the market response like? Are people enthusiastic?
The market response has been great. We have trained 1705 people across India.
5. How many workshops and trainings have you conducted? In how many cities?
We have conducted 92 workshops, across 28 cities. We also conduct free online webinars and mobile calls for people we cannot reach directly.
6. How have you witnessed India's entrepreneurial growth story?
India’s growth story is emerging. While the world’s GDP is at a low of 2-3%, we are growing by 8-10% for last few years. There is potential for higher growth.
7. What advice would you give entrepreneurs in a nutshell?
I will advise entrepreneurs to go out there, start small and grow big.
8. Did you get any VC funding? At what stage?
No, we have not approached any VCs for funding. Our customers help us generate revenues and stay alive.
10. Where do you see yourself 5 years from now? What is your long term goal?
5 years from now, we wish to have 1000 strong alumni base, with presence in the minds of future entrepreneurs. Our long term goal is to reduce the entrepreneur mortality rate, so less start-ups fail and more start-ups succeed to grow.
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