IIMV FIELD kickstarts NIDHI Accelerator Program Phase 3
NIDHI Accelerator Program aims to help aspiring entrepreneurs in the country, to be guided in a rigorous and more structured manner, through a deep mentoring process and access to funding and market networks. The program is funded by NSTEDB, DST.
IIMV FIELD has partnered with IIM Visakhapatnam (Host Institute), TIE Hyderabad and Fund Enable for executing this program.
IIMV FIELD received over 83 applications from all over India out of which 15 startups were selected for this program in the first two phases. Phase 3 consists of Acceleration support for 6 months and ends with a demo day connecting the start-ups with the investors.
Ms Uma Sudhindra, (Managing Partner – Go Magic Trails, Member BoG, IIM Visakhapatnam) delivered the inaugural address. She shared her 10 entrepreneurial learnings and asked the selected participants to prepare for ups and down in the journey.
- Find your right mentors and be open to learning unknown things
- Invest your time in building the right team
- Manage your cash flows well
- Work to be productive
- Build your startup story
- Be flexible and prepare for uncertainty using data
- Be decisive
- Focus on customer service
- Understand your business timing and competition
- Protect yourself from failures with insurances
Prof Chandrasekhar M (Director - IIM Visakhapatnam & MD - IIMV FIELD) thanked NSTEDB, DST for the support and congratulated all the selected Startups for Phase 3 of the program.
The event was presided over by Dr. Dr.Balachandran A PhD (Observer, DST), Mr Bhanu Prakash Reddy Varla (Chair, TiE Grad), Mr Yaseen Shareef Shaik (Fundenable). They conveyed their best wishes to all the selected startups.