Sisodia Says ‘Business Blasters’ Event Will Help Kids Take Their Projects to the Next Level
Students in grades XI and XII of Delhi public schools who have received seed money under the Business Blasters program will now be able to present their projects to investors on a television broadcast every Sunday. Deputy Chief Minister Manish Sisodia said The Hindu that the possibility of obtaining investment capital could take their business enterprises to the next level.
The first episode of the Business Blasters televised event on November 28 will see business ideas – shortlisted from over 50,000 ideas submitted by 3,000,000 students – presented to Mr. Sisodia and a panel of businessmen including Abhiraj Singh Bhal, co-founder and CEO of Urban Company, Nitin Saluja, founder of Chaayos and Sairee Chahal, founder and CEO of SHEROES.
Launched as part of the Entrepreneurship Mindset Curriculum initiative, a Business Blasters pilot project was carried out at the Khichripur School of Excellence in February 2021 and extended to over 1,000 schools on September 7.
Elaborating on the initiative, Mr. Sisodia said The Hindu: “The idea behind the launch of the Business Blasters TV event is to allow children to present their projects to potential investors so that they can raise more capital to take their ideas forward. These children enrolled in the EMC program learn to work in a team, to think through and identify social challenges or business opportunities, to prepare business plans and to implement their ideas in their neighborhood, which will give them the necessary skills. to go beyond a school activity. . “
Under the program, students are supported through mentorship and financial capital of 2,000 in the form of seed capital to help them start their businesses. A sum of 60 crore has been allocated to the program.
The deputy CM said that for the ongoing programs, the business coaches who have been assigned to the schools include entrepreneurs, local business owners, consultants and subject matter experts.
Speaking about some of the businesses where students have demonstrated entrepreneurial skills and made a profit in a very short period of time, Mr. Sisodia said that a project, “Divine Creations”, involved the sale of indigenous art such as Madhubani School paintings online, used social media for mass marketing and targeted outreach. “The project ended up generating a profit of around 30,000 yen, the highest of all the projects chosen under the initiative,” he said.
He cited another company, Tap and Draw, which involved a team selling portraits and drawings and marketing them on platforms such as YouTube during the lockdown. Another student mobilized his team to assemble a Bluetooth speaker in a custom wooden box, offering a cheaper alternative to what is available on the market. “They managed to sell a lot of it,” Sisodia said.