After successful networking meets in Guwahati, Patna and Ranchi, the US Consulate General Kolkata, in collaboration with Nexus and Contact Base, launched the youth entrepreneurship initiative Y4BIZ (Youth for Business) in Kolkata on November 22.
The year-long program in partnership with Nexus start hub at American center, New Delhi and the IC² Institute of the University of Texas, will help identify fifty young entrepreneurs across four cities (Assam, Bihar, Ranchi and Kolkata) in eastern India and take them through a structured series of online innovation readiness courses, boot camps and mentorship to identify the top ten viable business ideas.
Finally, the top ten business ideas will be showcased at the American Center in Kolkata before industry leaders, investors and policy makers. The top three business ideas will have the possibility of being incubated at Nexus for its flagship pre-incubation program.
A group of ten mentors will also be selected to be trained at Nexus. The mentors will work with the 50 entrepreneurs on a regular basis and through selected boot camps.
Close on the heels of the Global Entrepreneurship week, the launch of Y4BIZ provided the perfect platform to highlight the upcoming Global Entrepreneurship Summit in Hyderabad with its focus on “Women first, prosperity for all”. A Facebook Live broadcast of a panel conversation with leading women entrepreneurs from diverse fields discussed challenges and highlights of their career. The event also served as a successful networking ground for budding entrepreneurs, startups and business students who are keen to collaborate towards a dynamic ecosystem.
US Consul General Craig Hall, Nexus Director Rajneesh Kumar, and Ananya Bhattacharya, Director, Contact Base addressed the press meet and launched
the website www.Y4Biz.com.
The Managing Director of Nexus in the New Delhi American Center, Erik Azulay, said, “Nexus and the IC² Institute of the University of Texas look forward to working with the American Center in Kolkata and Y4Biz to strengthen the entrepreneurial ecosystem in Eastern India. We are glad to share our expertise in innovation and entrepreneurship with a partner such as Y4Biz which shares our vision and passion for supporting startups.”
Interested entrepreneurs can apply online at www.y4biz.com before December 31, 2017. The short-listed candidates will be announced in January 2018.
The top 10 business plans will be chosen in September by judges, mainly investors. Three of the entrepreneurs will be incubated at Nexus Startup Hub at the American Center in New Delhi. “The top three who meet Nexus’ criteria will be made a part of Nexus, where we do not focus on funders, but training in best global practices, which makes them attractive to investors,” said Nexus Director Rajneesh Kumar.