JGI ventures to incubate young student entrepreneurs

JGI Ventures today announced launching of a programme to incubate young student entrepreneurs with a fund base of Rs 500 crore.

Sensing the urgent need to mould the vast untapped entrepreneurial zest of young India,JGI Ventures will help build a stronger entrepreneur ecosystem in India by incubating business ventures among students through the iDEA Post Graduate Program in Entrepreneurial Ability,a release said.

JGI ventures is a venture fund promoted by Dr R Chenraj Jain,Founder and Chairman of the Jain Group of Institutions.

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The venture fund is linked to the IDEA (Incubating & Developing Entrepreneurial Ability) programme launched by JGI Ventures.

In the last phase of the programme,JGI Ventures will incubate the Student Entrepreneur Venture,and through the next 12 months,highly experienced and accomplished professionals will continuously provide infrastructure support,expert advisory services,mentoring and coaching on all key entrepreneurial aspects.

The entire gamut of strategy,marketing,HR,finance,legal understanding will be dealt with during the incubation period.

“JGI Ventures has already incubated 46 start-ups with a combined turnover of around Rs. 147 crore and has plans to incubate 350 businesses by 2015 with a combined turnover of Rs. 3500 crore”,Jain said.

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Speaking about the programme,Yeshasvini Ramaswamy,Anchor JGI iDEA and Member ¿ Management Team – JGI Ventures said,”We are excited to initiate this program which we believe will help in transforming India much faster than it is happening. The program will identify and support student entrepreneurs who are passionate about building businesses of excellence on par with global corporations.”

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