Business ideas

Government Introduces Business Ideas Plan for Delhi Public School Students Under Entrepreneurship Studies Program | Latest Delhi News

Almost two weeks after Chief Deputy Minister Manish Sisodia announced the Business Blasters program as part of the state’s Entrepreneurship Studies Program (EMC), principals of all public schools in Delhi were given guidelines on how to implement the curriculum for students in grades 11 and 12 in their schools.

Launched in 2019, EMC classes allowed students in these classes to develop business ideas and start businesses using ??1,000 that each student received from the government as seed money. On September 6, the Delhi government confirmed that it would increase this funding to ??2,000 per student this year, as announced in the state budget in March of this year.

On Thursday, the state’s education directorate (DoE) released guidelines for teachers and principals on implementing the program in the city’s public schools for upper secondary students.

“All participating students can receive seed money from ??2,000 per student. The teams will use this seed money with a clear objective of either generating profits or creating a social impact, ”the department said in its circular.

Schools have been urged to ensure that brainstorming, research, presentation of business ideas and finalization of projects proceed according to the prescribed schedule, since the process of disbursing seed money will be completed from here Oct. 15.

While brainstorming and team building should be done over one to two periods each, discussion of business ideas should be completed in three to four periods, and idea development after research should be done in three to four additional periods, depending on the schedule. The project is expected to be implemented within four weeks of receipt of the seed fund.

Students were also asked to define if they are designing a product or a service, deciding on the budget, building the product, creating a marketing plan, and preparing a presentation for a school panel.

All students in grades 11 and 12 will be eligible to participate and pitch their business ideas, after which 1,000 teams will compete in inter-school competitions at the district and state level.

“The top 100 projects have the opportunity to present their business ideas in an expo-style exhibit. The 10 best teams will be able to present their ideas to potential investors, ”adds the circular.

The education department has also prepared videos to orient students on different aspects of the program, including the development of the business idea, the initial presentation, its refinement and implementation, and the presentation at the grade level. school.

Sapna Yadav, EMC Project Director, said: “During the pilot project conducted earlier this year, we realized that the students had profitable business ideas based on the company and innovative ideas and services for impact. social and change. We also found that students had critical feedback on other projects, which encouraged us to adopt a peer review model for their projects this time around. We have also made videos explaining the idea behind these exercises and plan to share it with parents as well.

Students can form teams and pool their seed money to start the project. For now, a maximum of 10 students can meet as a team. Following the formation of the team and the selection of the team leader by the students, these teams will work to come up with a business idea that should be “useful, practical, profitable or having a social impact, and possible growth”.

“The team will discuss it and shortlist two to three issues or needs that the whole team would like to pursue. Teams can identify if they have special talents and business ideas that can be built around them,” the circular said. of the DoE.

After identifying the problem, the students were asked to identify the target group and “think of solutions (business ideas) to solve the problems”. Team members were also invited to discuss solutions with the target group before working on them. The guideline poses a list of questions about target groups and other areas that students should answer their teachers to clarify the project. After finalizing the business idea, students should present their idea to the class and receive feedback. Teachers were instructed to allow two “positive” things about the presentation and “one area for improvement.”

Schools have also been asked to ensure safety protocols. “Students must keep their parents and teachers informed of their movements and their whereabouts. Students should not go to a stranger’s house or any other unfamiliar closed space. Limit your meetings to a public or familiar place, ”says the DOE directive.

Heads of school are also invited to orient parents on the program and to obtain NOCs by October 15. Principals can also recruit local entrepreneurs, alumni, and students pursuing management or entrepreneurship courses for their graduate studies as business coaches to guide students.

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