MOUNT CARMEL COLLEGE, AUTONOMOUS

E-CELL INITIUM 2014-2015

E-CELL – INITITUM 2014-2015

The Entrepreneurial Cell - Initium was inaugurated in 2007 with the objective

promoting of an Entrepreneurial mindset on campus. The E-Cell networks with

National Entrepreneurship Network – NEN, initiatives of Wadhwani Foundation,

USA. The E-cell is presently co-ordinated by Prof. Sumita Kumar, Senior

Faculty, Dept of Business Studies.

OBJECTIVES:

• Break the myth that entrepreneurship is what others do.

• Inculcate in students, the spirit and culture of entrepreneurship.

• Enable students start and manage their own small business units.

• To create an environment providing diverse opportunities for growth

and development as entrepreneurs and as competent professionals.

• To pioneer the culture of Entrepreneurship on campus.

Structure

AWARDS AND RECOGNITIONS

➢ NEN - Entrepreneurship Week – India 2012 - 2013 –

Championship Runner-up

➢ NEN - Entrepreneurship Week – India 2013-14 – Championship

Runner-up

➢ NEN - Entrepreneurship Week – India 2015-16 – Championship

Award

➢ NEN - Entrepreneurship Week – India 2015-16 - Best Campus

Company Award

➢ Ms. Sumita Kumar, Co-ordinator, E-Cell has been awarded Best

Emerging Entrepreneur Educator of India, 2014-15 by Ministry of

Skill Development, Government Of India & Entrepreneurship

Development Institute Of India , British Council & Intel.

Myriad – The Campus Company of MCC

The campus company operates through the issue of shares of Rs.20 each to students

.

1. No. of students in the program: There are around 50 students involved in

the campus company.

2. Investment: The company, Myriad was started in the year 2008 with an

initial investment of Rs. 40,000. Rs. 30,000 was raised by the issue of shares.

An Angel investor provided Rs. 10,000.

3. Business types: Since the main intention was to apply theoretical knowledge

to this practical venture , it was decided to apply the basics of Company Law

and run Myriad as a Joint Stock Company . The share Capital of Rs. 30,000

was divided into Shares of Rs. 20 each . The maximum number of shares to

be held by any individual has been restricted to five.

4. No. of companies: There are 5 companies under Myriad company.

a. Mritika

b. Candles

c. Event-Management-

Workshops

d. Resume writing

e. Paper Bags

5. Incentives for participants: Mount Carmel College runs over 90 credit

certificate courses. Myriad provides credits to the campus company

participants. An E-cell or company member is required to work for 30 hours

in order to get an exemption of 1credit. This is an incentive because not only

does a student earn the exemption but also is not required to pay any fees

when compared to the other credit courses offered by the college.

6. Duration of the program: It is an on-going year long program.

7. Succession plan: Yes; juniors are inducted and formal handover of charge is

done.

8. Involves all E-cell Members: Every Company member is an E-Cell

member. However every E-Cell member need not be a part of the company.

Composition of Board of Directors:

Entrepreneurship Day – 18/09/2014

Entrepreneurship is a key driver of our economy. Wealth and a high majority of

jobs are created by small businesses started by entrepreneurially minded

individuals, many of whom go on to create big businesses. People exposed to

entrepreneurship frequently express that they have more opportunity to exercise

creative freedom, higher self-esteem, and an overall greater sense of control over

their own lives. As a result, many experienced business people political leaders,

economists, and educators believe that fostering a robust entrepreneurial culture will

maximize individual and collective economic and social success on a local,

national, and global scale. It is with this in mind that we decided to inspire our

students to succeed in an entrepreneurial economy.

Speakers were from varied fields and it was a daylong event.

Guest Speaker – 1

Madan Padaki

Co-founder, CEO & Managing Director, Head Held High Services

Madan Padaki is the Co-founder, CEO & Managing Director of Head Held High

Services, a rural access accelerator that unleashes the power of the Ruban (a

term for the neo rural-urbans) by providing career access to youth, business

MD

Finance Head

Production Head

Production Head

HR Head

Production Head

Production Head

access to entrepreneurs and market access to corporates. Started as a foundation

in 2008, Head Held High trains rural youth, transforming them to be knowledge

workers in record times and enabling careers in the rural areas itself. This has won

several awards, including the CNN IBN Real Heroes Award, 2011, Global Sourcing

Council Award 2011, Finalist at Mahindra Rise 2012, etc.

An engineer from NIE Mysore and an MBA from SPJIMR, Mumbai, Madan had

worked with Wipro, Infosys and Mphasis (Japan) – before being bitten by the

entrepreneurial bug in 2000 when he co-founded MeritTrac – as a pioneering idea in

skills assessments. Currently, MeritTrac is India’s Largest Skills Assessment

company. He is also on the Governing Council of TiE Bangalore, Indo-American

Chamber of Commerce, Karnataka and is a founding Partner of Social Venture

Partners, Bangalore.

Speaker -2

Shailaja D Sharma, Director , Entrepreneur Support , NEN

Shailaja D Sharma is a Ph.D. in Mathematics from IIT Bombay. She studied

Statistics and Operations Research at the Masters' level, also from the same

institution.

Shailaja started her career in the social sector, with the World Bank, in 1991, as a

statistician, on the national-scale District Primary Education Programme. After ten

years in the social sector, she moved into the corporate sector, and spent over 12

years at Royal Dutch Shell, where she looked after alternative energy initiatives,

sustainable development and corporate affairs. Since 2013, Shailaja has been with

NEN.

In her current role, Shailaja seeks to scale up entrepreneurship, via mentoring,

connects and policy initiatives.

Toastmasters International

Speaker-3

Mala Mary Martina a.k.a Mcube

Serial Entrepreneur | Designer | Education Architect | Trainer | Coach

Speaker -4

Kavya Gowda

"Kavya Gowda works as the Program Manager for Social Business Strategy at

IBM';s Global Marketing Center. She has been a passionate public speaker since

the age of 9. She is a Toastmaster since 2004. She is the District Public Relations

officer for Karnataka and Kerala and is also the Toastmasters International

Ambassador. She believes that the world revolves around the simple power of

words. And that is her indispensable weapon".

Speaker -5

Pankaj Khabiya- Social Entrepreneur

Qualification: B.Com April 2008

From June 2008 he worked in the Family business of textiles to understand all the

aspects of running a business - sales, marketing, finance etc.

Discontinued the family business in June 2010 to pursue my passion of giving

Leather-free products to the world and went on to do R&D from July 2010 to October

2012.

Started the first store in Bangalore on November 11 2012 which gives leather free

shoes, belts and wallets, and the brand launch for the same was done on 15th August

2013, When ETHIK was announced to the world.

Speaker -6

Anita Khabiya, Eka,

Montessori House of Children.

Qualification: B.E (Chemical) June 2005. Worked as Process Engineer at M J

Associates Feb 2006 to Feb 2008. Resigned to join NNE Pharmaplan. Worked as

Design Engineer at NNE Pharmaplan Feb 2008 to June 2009 . Was involved in

various projects for many Pharmaceutical companies such as M/s Cipla Pvt. Ltd.,

M/s Nicholas Piramal India Ltd., Mumbai.

Resigned to pursueher dreams. Did a 1 yr Diploma Montessori course from Indian

Montessori Centre June 2009 to April 2010 . Worked at Growing Wonders

Montessori House of Children June 2010 to Dec 2012. Started her First Montessori

House of Children EKA – on 11th May 2014

Speaker -7

Nakul Patel – Founder , Motor Chronicles

Motor Chronicles is an automotive travel, media & services company based out

of Bangalore, who believe in traversing the path less travelled. The company

offers customized unique adventure tours for the automobile enthusiast

irrespective of the kind & class of vehicle. They also offer media services to

automobile companies, that range from conceptualization to execution of

televised shows, launches, events & customer engagement programs. Along side

travel and media, the company also offers concept designing & customization

services.

Speaker -8

Swetha Kurada- Founder , Desserted

Swetha Kurada is a PGDM graduate from the Indian School of Business in

Hyderabad. With an undergraduate degree in Finance, she was an Investment

banking analyst for 6 years before she went to train for Pastisserie from Le Cordon

Bleu in Paris. She now runs a bakery/restaurant opposite Mount Carmel college

called Desserted.

Speaker -9

Jennifer Pinto, Co-Partner , Open spaces

Open Spaces is an activity center for children, parents and families. The idea of

Open Spaces is to create a space for children, parents and families to come and

learn, explore & grow to become whole people. In today's scenario, there is a lot of

stress for parents which gets passed on to the children. In addition to that, the

children have a lot of stress from studies and school and we see a lot of performance

related issues and emotional imbalances in them.

The aim of Open Spaces is to give the children a chance and place to do art, dance,

theater & other recreational activities to encourage their creativity and make them

happy! Similarly, for parents there is a place where they can relax and enjoy the

company of other parents via the Parent's Club. There are also Parenting Workshops

from time to time.

Speaker -10

Rashi &Ritu Aggarwal – Founders ,pSi Personality Assessments

The idea of their business is to provide psychometric assessment services in the

corporate arena which serve a gamut of human resource management issues. The

assessment interventions have widespread applications including employee

development, training needs analysis, leadership development, succession planning,

placement, mental health and interpersonal issues.

Speaker -11

Sapna Kalra- Founder, Artsap

Home and Office Décor.

Speaker – 12

Danish Sait –

In 2009 Danish started his career as a Radio Jockey. Today he works with Fever

104 FM Bangalore, and popular for his Radio Prank Show. Danish graduated with a

degree in visual communication from Coimbatore. Later he had worked with an

event management firm. He got a VISA and a ticket for an interview from a Radio

station. Danish got the basics of Jockeying while hosting a "breakfast show"

in Bahrain. He learned the international accents of the medium by listening to the

internet radio stations from all over the world.

ANNUAL EVENTS

Start –Up Day @ Mount Carmel College - An Annual Event since 2009

“The secret of getting ahead is getting started. The secret of getting started is

breaking your complex overwhelming tasks into small manageable tasks, and then

starting on the first one.”- Mark Twain

The term “startup” has been bandied around with increasing frequency over the past

few years to describe scrappy young ventures, hip San Francisco apps and huge tech

companies. But what is a startup, really?

A startup is a company working to solve a problem where the solution is not

obvious and success is not guaranteed.

Startup is a state of mind, it’s when people get into a highly paid job and are still

making the explicit decision to forgo stability in exchange for the promise of

tremendous growth and the excitement of making immediate impact.

Startup cultures are one of a kind, and they make great, immersive learning

environments for students and recent graduates. When it comes to internship

programs, startups offer the chance to become a much-needed, valuable addition to

a team of go-getters.

Internships in a Start-up

Meaningful internships will help students gain confidence and make India's youth

employable.

Practical experience is considered more important than theory in higher education.

According to most surveys, German graduates score the highest in employability

skills in the world. We hope Indian surveys will also throw up similar statistics

within a decade or so.

Mount Carmel College & Its support to Start Up Companies

Mount Carmel College (MCC) in association with National Entrepreneurship

Network has been organizing Startup Day since the last four years and it has

become a signature event for the college under the banner of the Entrepreneurship

cell.

This is a platform that brings together and facilitates interaction between start-ups

looking to recruit fresh talent, and fresh graduates who are looking forward to

working with Start-ups. The students can get a real time experience of working in

Startup companies as this opportunity will provide them with great exposure which

will be highly beneficial for them in becoming future entrepreneurs.

A Start up is a Company which works towards solving a problem where the neither

the solution nor the success is guaranteed . The term start up goes beyond a

company. The term is basically associated with a business that is typically

technology oriented and does have high growth potential .

Start ups have unique struggles especially in regard to financing mainly because

investors are looking for the highest potential return on Investment while balancing

the associated risks. These Start ups are often initially bank rolled by their

entrepreneurial founders as they work towards developing a product or service for

which they believe there is a demand. However due to limited revenue and/ or high

costs most of them are not sustainable in the long term without additional funding

from Venture Capitalists.

The Startup Day is an annual event which is regularly held for the last 8 years.

MEDC & The MCC Santhe Concept( Engaging the community since 2012)

The Entrepreneurship cell is committed to engaging with the community. This is

done through the MEDC and the MCC Santh .

The main aim of MEDC (Mentoring & Entrepreneurship Development Centre )

Vision of MEDC-

▪ Aim to focus its attention on students entrepreneurial skills

▪ To give holistic and professional approach to entrepreneurship

▪ To mentor the start up entrepreneurs and provide a platform for their

sustainability

Mission of MEDC-

• Initium aims to build a network of entrepreneurs

• With the developed networks- help to extend the support system toward

economic and social priorities

• Be instrumental in offering community entrepreneurs and student

entreprneurs with business consultancy and mentoring services and

providing expertise to small and medium sized business enterprises(

MSMES)

Approach…….

• To set up the incubation and development centre for the outgoing students

and startup companies

• To create awareness of entrepreneurship

• Conduct seminars and workshops in consultation with experts in related

fields

• To provides the full-range of mentoring services like working on Business

Plan & Business Models, marketing Strategies and Financial planning and

execution

Every year during E-Week the MEDC engages with community entrepreneurs in a

different manner - instead of having a workshop , there was a One-On –One

Mentoring session .

However, connecting with community entrepreneurs is a Real big challenge we

arranged for what we called the MCC- Santhe .

What Is a SANTHE?

Santhe is perhaps the oldest congregation. It evolved in the early times when trade

and transport had not developed to a considerable extent.

The people of villages who had more than what was needed had to go in search of

those who are willing and having the things they want, in exchange for their wares.

Instead of going in search of those who would get their goods exchanged they began

to assemble at a place easily reachable by the people of the surrounding villages.

The earliest santhe was thus born.

MCC Sante

The MCC Santhe saw the culmination of around 30 community entrepreneurs. Each

entrepreneur deals with exclusive and unique wares but having issues when trying

to reach out to their customers.

Around 30 stalls were put up on the basketball court of MCC. The event was open

to the public. We had a potter, a jeweler, garments, accessories, tattoos , food ,

books , bags and what not. The campus never looked so colorful before.

One-On –One Session

The campus boasts of two mentors trained by NEN and we conducted the One –on-

One Mentoring session with them.

The session proved ideal as none of them were deprived of their selling activity plus

they were able to relate to the questionnaire we provided them.

Nearly all of them confessed that these were questions they had never asked

themselves.

On the whole the entire process proved extremely fruitful.

COMMUNITY DEVELOPMENT PROJECT

ENTREPRENEURSHIP DEVELOPMENT CELL

Campus Company – Care Plus +( 2010 -2015)

With women empowerment being one of the primary objectives of Mount Carmel

College, Bangalore, the Entrepreneurship Cell of M.C.C aims to set up a small

manufacturing unit of sanitary napkins. It was proposed that the sanitary pad

manufacturing unit will be managed by the faculty and students of the college and

provide employment opportunities to economically backward women and students

after providing them with quality training.

Objectives:

The unhygienic methods used by several low income group women may lead to

fungal infection and may sometime worsen to uterus cancer. Even if they are aware

of use sanitary napkin the cost of the napkins manufactured by multinationals are

affordable. In this situation with this mini sanitary napkin unit, napkins can be

manufactured at low costs (50%less) without compromising the quality of the

napkin. Thus napkins manufactured on this low cost unit are easily saleable in rural

areas also. Thisis a boon for women self help groups and women entrepreneurs in

rural and urban areas.

Hence the objective of pursuing this project is to

• To Provide low cost sanitary napkins for women and to improve their

hygiene levels

• To provide employment opportunity for economically backward women

and students after providing them with quality training.

EQUIPMENT SUPPLIER:

The machines will be provided by Jayaashree Industries, Coimbatore. We will have

the added advantage of the supplying company installing the machines and

providing the raw materials

PRODUCTION PLAN

The low cost mini sanitary napkin manufacturing machine, a revolutionary concept

among the high cost complicated machines now in use, will be of immense benefit

to ladies SHGs and aspiring women entrepreneurs. In this machine, wood fiber (raw

material) is defibrated, core formed and sealed with soft touch sensitive heat

control, giving the final shape of the napkins. The machine requires single phase

electricity for 1HP drive, can be accommodated in a space of 3.5 meters X 3.5

meters and will produce 2 napkins per minute. The sanitary napkins made out of

this machine were distributed on trial basis among women who are used to other

expensive napkins available in the market. The feedback from them has been

extremely satisfactory, many of them expressing the opinion that they did not find

any difference.

*******************************************************************

*********