Airbus subsidiaries NAVBLUE and Aerial have signed contracts with three Indian startups, accelerated at Airbus Bizlab India, to power cutting-edge technologies that will help usher in new industry benchmarks in aeronautical data services, flight operations and imagery services.

Image Source – AirBus

NAVBLUE signed up Bengaluru-based Stelae Technologies to enhance aeronautical data services quality and consistency while enabling faster introduction to the market of the next generation fully data-driven and connected EFB [Electronic Flight Bag] solution. NAVBLUE also extended its agreement with EFlight with the aim of providing a comprehensive service solution to the Indian business aviation market.

The third agreement was signed between Airbus Aerial and Navi Mumbai-based Airpix for a joint go-to market in India to provide geo-analytic solutions and imagery services in the country. The agreements mark the successful culmination of Season 3 of Airbus BizLab’s start-up acceleration programme TAKE OFF 2018, which seeks to bolster the Indian government’s ‘Make in India’ and Startup India initiatives. The latest partnerships are in addition to those that Airbus signed with Bengaluru based start-ups – Neewee and EFlight in February 2018.

Bruno Gutierres, Global Head, Airbus BizLab, said

For the last couple of years I have been convinced with the potential and the quality of entrepreneurs in India. I am pleased to see that all these partnerships between Airbus and Indian startups are proving me right.

Bizlab is a part of Airbus’ innovative strategy to bring together start-ups and Airbus intrapreneurs to work and speed up the transformation of their innovative ideas into valuable businesses. It has a community of over 2000 B2B start-ups from India, South East Asia and Israel. Through its six-month acceleration programme for start-ups and internal projects, Airbus Bizlab gives access to a large number of coaches, experts and mentors in various domains that help start-ups and internal projects speed-up the transformation of their ideas into valuable businesses.

As part of the TAKE OFF programme, Airbus BizLab will sponsor two travels to Europe for Indian start-ups in a period of six months as well as fund up to 50,000 Euros to them for the demonstration of proof of concept.

Fabrice Villaumé, Chief Strategy and Innovation Officer at NAVBLUE, said

NAVBLUE believes in India’s potential for multiple reasons. One is India’s proven capacity for innovation within the IT sector, which is demonstrated perfectly by the start-ups present at the Airbus’ BizLab, with whom we work very closely. Another is the potential of the aerospace industry; India has the world’s fastest-growing domestic airline market.

We are very excited to work with startups and SMEs in India to help power this growth, and bring value to the Indian aviation industry with our integrated solutions.

About Airbus Aerial

Airbus Aerial focuses on developing new imagery services. These services leverage the best software and aerospace technology from across the globe to offer actionable data and analysis of information provided by drones, satellites, high altitude aircraft and other sources

About NAVBLUE and N-Flight Planning

NAVBLUE is an integrated Flight Operations and Air Traffic Management Services company providing end-to-end, innovative and integrated flight operations solutions for a wide-range of customers around the world. NAVBLUE’s flight planning system, N-Flight Planning, is well renowned for its adaptability to each customer’s specific needs. It enables a number of flight operation benefits and reduced operating costs through increased flight plan accuracy, dynamic route construction and higher productivity of dispatchers and flight planners. NAVBLUE’s N-Flight Planning also offers superior route optimization results, with integrated avoidance of in-flight hazards, such as forecast turbulence and icing.

With a motto ‘The world needs science and science needs women’, L’Oréal India is inviting applications from women students who have completed class XII in India for the 16th edition of its For Young Women in Science Scholarship [FYWIS] Programme. L’Oréal India will award scholarships worth Rs. 2.5 Lakhs each to 50 promising but economically disadvantaged young women to help them complete their graduation in any scientific field from a recognized college/university in India.

Image Source – L’Oréal

Recognizing the importance of women in science, Snehhal Chitneni, Chief- Communications, Sustainability & Public Affairs at L’Oréal India said

L’Oréal strongly believes that science is the source of progress, and the contribution of women is vital. Our For Young Women in Science scholarship aims to provide aid and encouragement to young women who want to pursue an education and a career in science, but lack the means to do so. Entering our 16th year, we hope to reach out to many such deserving candidates in the future.

Since its inception in 2003, L’Oreal India has given over 300 scholarships to girls across India. This programme forms a stepping stone for these young talented women to follow their dreams and aspirations and make a remarkable progress in their overall development.

The L’Oréal India ‘For Young Women in Science’ Scholarship Programme is an extension of the international L’Oréal-UNESCO For Women in Science partnership. Last year, the Programme received more than 3000 entries from across the country. After a detailed evaluation process, 50 scholarships were awarded to the most deserving candidates

Eligibility criteriaYoung women who have passed class XII exams from across India in the current academic year [ended March 2018], with a minimum of 85% in PCM/PCB and not over 19 years of age as on 31/05/2018, are eligible to apply for this scholarship.

This scholarship is open for study in any field of science: medicine, engineering, information technology, pharmacy, biotechnology, and other graduate courses pertaining to science [B.Sc.].

How to applyStudents can apply online here  OR download application forms from the website and courier them to L’Oréal India Scholarship Cell, C/O Buddy4Study, Stellar IT Park C-25, No.8,9 & 10 Tower-I, Ground floor, Sector-62, Noida, Uttar Pradesh, India 201301.

Deadline for submitting forms along with the relevant documents 16th July 2018.

Interview locationsMumbai, Gurgaon, Bengaluru, Hyderabad, and Kolkata

The fifth India International MSME Start Up Expo witnessed encouraging sessions for the young innovators by experts focusing on innovation, reformation and transformation at Pragati Maidan, New Delhi. The key speakers at the event included Minister of State, Department of Consumer Affairs, Food & Public Distribution Shri CR Chaudhary, Chairman ITDC, UAE Shri SK Aggarwal, Minister of State, Ministry of Agriculture Shri Gajendra Singh Shekhawat, Chairman Stic Travels Shri Subhash Goyal and many others.

The three-day event starting June 22-24, 2018 was spearhead by the MSME Development Forum, a not for profit organization, which has been at the forefront of growth and promotion of small businesses with a thrust on start-ups towards building entrepreneurs in India. The Forum works as a catalyst for interface between government and entrepreneurial activities and has been relentlessly working towards developing an entrepreneurial culture in the country.

Addressing the event, Minister of State, Department of Consumer Affairs, Food & Public Distribution – Shri CR Chaudhary, emphasised on encouraging young entrepreneurs, said

There is a need of more employment and export in the country. Employment is generated by new setups. Young people have new innovative ideas. In fact, more than 60% of stalls have been taken by young innovators country need. Even as per our Prime Minister, Shri Narendra Modi, youth should be encouraged to an entrepreneur. One must become service provider not service seeker. Thus, SMEs should be given more assistance and support. Only then the moto – ‘Perform, Reform and Transform’ will happen. People of Delhi and nearby areas should come and take advantage of the expo and should encourage new innovators.

Discussing about agriculture sector, Ministry of Agriculture – Shri Gajendra Singh Shekhawat said

The two major problems of our agriculture sector are fragmentation of land and high pressure on resources. There is no capacity building in agriculture sector. MSME is the only way to revive the sector in India. The holistic solutions provided by the government have helped in improving the sector but to sustain it we need MSME involvement to take it further and this will help in doubling the income of the farmer.

Rajnish Goenka, Chairman, MSME – DF said

We are aiming to make India as World’s manufacturer and sourcing hub alternative to China. Importantly, we have also tried to create a political will among political parties to acknowledge this movement.

There were various topics covered in the on-going expo in different sessions that is Innovative Financing & Founding Opportunities for MSMEs & Startups, MSME in Tourism, Logistics & Service sector, Vendor Development in Railways, Defense & Govt/PSUs and Agri Business: Doubling Farmer’s income.

The agenda of the exposition is to promote entrepreneurship & self-employment to generate maximum job opportunities. The event will also provide one stop global platform to connect, network, partner and share information with Domestic & International SMEs to find new business opportunities in either country. The expo also aims to spread awareness about Government’s promotional schemes to make new Entrepreneur and transform job seekers to job creators. It accelerates growth of MSMES, Startups and Budding entrepreneur. In addition, it focuses to bring Small Entrepreneurs on a single platform and address their persistent issue and concerns. The agenda will also target to be the leading MSME Startup Advocacy Forum.

The event witnesses more than 20,000 visitors, 250 exhibitors, 100 B2G/B2B Meetings, 50 Embassies & Global Participants, 30 banks and investors, 15 PSUs-Government Departments and 10 concurrent summits.

H2, the premier global leadership network for the technology industry, and Google for Entrepreneurs announced a new global partnership, bringing together the worldwide networks and resources for technology leaders. The partnership aims to connect and support technology leaders in innovation centres globally.

Image Source – Google For Entrepreneurs

Nayan Patel, Founder & CEO of H2, said

H2’s mission and programs center’s on the core themes of connections, learning and supportOur global partnership with Google for Entrepreneurs amplifies these themes and builds valuable connectivity for H2 to the best of Google’s resources around the world. We are excited to be partnering closely across our programs to continue scaling H2’s reach and impact on a global level.

H2 also announced the launch of H2 Innovate, a new program that offers fast-growing startups scaling in large global markets access to advice, capital and connections across the H2 network. The program provides participating companies referred by H2’s partners curated and targeted access to industry leaders and domain experts from H2’s member community as well as connections to H2’s partner network.

Participating launch partners for H2 Innovate include Google for Entrepreneurs, Silicon Valley Bank, Accel Partners, Cooley, Endeavor, 500 Startups, Golden Gate Ventures, GSF Accelerator, Kalaari Capital, Naspers Ventures, Seedcamp, SOSV and White Star Capital. Initial participating startups across Asia, Europe and Latin America include DataStreamX, Fleksy, IDwall and YEAY.

Genna McKeel, Head of Global Partnerships at Google for Entrepreneurs, said

At Google, we know that innovation is thriving across the world and not just in Silicon Valley. H2 shares this global mindset and has shown how bringing industry leaders together in innovation centers globally can have a real impact.  We are excited to welcome H2 into the Google for Entrepreneurs partner network and to work together to build connections between entrepreneurs and experienced  leaders in startup communities across the globe.

Oliver Plante, CEO of Fleksy, said

Our early participation in H2 Innovate has led to a number of valuable connections and targeted insights for our businessWe are excited to continue our engagement in the program through its launch and as we continue scaling up over the period ahead.

H2 will be hosting its sixth annual Global Summit on October 11th at Google’s offices in San Francisco, bringing together executives, entrepreneurs and investors from leading companies and industry organizations in innovation hubs around the world. Designed as a senior level, invitation only event, the Summit offers participants a unique platform to engage in dynamic and open discussions covering leading technology trends and industry insights from Silicon Valley and across the globe.

Swati Bhargava, Chapter Co-Chair of H2 India, said

Our partnership with Google for Entrepreneurs connects H2’s community to Google’s industry-leading resources and extends the reach of our programs to support technology leaders across the globeWe look forward to our collaborations over the period ahead in support of growth activities for our India Chapter and across the H2 network worldwide.

Neeraj Roy, Chapter Co-Chair of H2 India, said

Access to the right industry advisors and operating expertise is key to fuelling startup growthWe are excited to launch H2 Innovate in partnership with Google for Entrepreneurs and other leading partners, providing participating startups access to H2’s qualified community of industry leaders and resources at a global level.

H2’s global member community consists of technology leaders from leading startups and top global firms including 99, Amazon, Apple, Carousell, CMUNE, Dropbox, Facebook, Freshworks, Etsy, Gengo, Google, HelloFresh, Justfab, LinkedIn, Lyft, MyHeritage, PopXO, People Group, PropertyGuru, Qunar, Slack, Spotify, Strava, Twitter, Ubimo and Wego among others across leading innovations centers globally.

ALC India, has announced the second Batch for ‘Transforming India Initiative’ [TII], a unique 2-year social entrepreneurship programme. The programme is open for anyone with a graduate degree: Start-up enthusiasts, Corporate professionals who nurture entrepreneurial aspirations and Young professionals who want to make an impact for the country.

The 2-year programme has been designed to give in-depth entrepreneurial experience and practical knowledge of how to run a social venture before the candidates start their own ventures. After completion of the programme, each individual will receive incubation and funding support for a period of 6 years to set up a profitable social enterprise. TII is supported by the NITI Aayog’s Atal Innovation Mission and is offered in partnership with the prestigious Institute of Rural Management Anand [IRMA].

The first batch of the program witnessed enthusiastic response from 418 candidates from across India. ALC India selected 10 candidates after much deliberation and with a rigorous screening process. The current batch includes people who were earlier working in eminent corporates, start-up founders, educational and environmental enthusiast, etc. and wanted to start up their own enterprise that would tackle pressing social concerns.

ALC India is a 12-year old social enterprise that has been incubating companies belonging to the economically marginalized. Last year, it was recognized by the NITI Aayog’s Atal Innovation Mission as an established incubation centre and received scale-up support of INR 10 crores to incubate social enterprises, including support to the Transforming India Initiative [TII].

Since, its inception in 2005, ALC India has impacted 65,000 households in 17 States through 300 Projects. The organization has helped people in the unorganized sector build sustainable livelihoods and double their incomes. ALC India helps incubate enterprises that the communities own – typically cooperatives or producer companies and develops their technical, managerial and entrepreneurial skills, as they move up in the value chain from just being a producer to an entrepreneur.

Speaking about the success of Transforming India Initiative, Krishnagopal Grandhi, CEO, ALC India said

In the current economic scenario, entrepreneurs are key to job creation, at the same time they need to evolve solutions that can address the most pressing challenges facing the country today. With the Transforming India Initiative, we are looking for talented youngsters who have the passion and grit to become social entrepreneurs. We will support them with not just education and practical understanding but also with incubation support to set up their enterprises after completing the programme.

USPs of the Transformation India Initiative [TII]

TII is a comprehensive 2-year programme that will equip the fellows to establish profitable social enterprises. Setting it apart from other academic and incubation programmes, TII is designed to enable the fellow students to first understand the developmental challenges of the country. It enables you to develop an entrepreneurial solution, test and evolve the design and establish an enduring enterprise rather than expect to have an innovative idea at the beginning of the programme itself. TII’s uniqueness lies in the integration of academics & incubation. Some of its notable USPs are:

  • 6-month facilitated learning module certified by the Institute of Rural Management, Anand [IRMA], including practitioner interactions and reflection workshops
  • 18-month experiential learning module certified by the Development Management Institute Patna, where the fellows will work directly with the founders of social enterprises
  • End-to-end incubation support, including seed funding for setting up an enterprise for select entrepreneurs, as decided on merit by the independent committee, will receive a financial grant totaling INR 30 Lakhs as seed fund for their social ventures
  • Each individual will be placed with an enterprise in their preferred sector and be paired with a successful social entrepreneur as a mentor who is aligned to their interests and aspirations.
  • Fellows will be placed with an already existing social enterprise, where they will work directly with the CEO to solve five key organizational challenges and accelerate the enterprise growth.
  • ALC India provides access to seed fund of INR 40 Crores, Incubation Space of 20,000 sq.ft, over 30 Industry Experts, and 350 partners for the initiative.

Who is it for?

The first cohort had individuals coming from across India with different background and experiences: Corporate professionals, Fresh graduates, Start-up founders, Educational and Environmental enthusiast.

A graduate degree is a minimum requirement to apply for the programme. Graduates from any discipline or professionals with work experience are eligible to apply for this programme. Interested people of any age group are encouraged to apply and their experience will be taken into account when they are placed with an enterprise during the experiential learning module.

The Pioneering Cohort [2017 Batch]

The pioneering cohort of 10 individuals joined Transforming India Initiative’s Social Entrepreneurship Programme in October 2017. The cohort comes from the age group of 21 – 29 years from across India with diverse interest in the social space: Education, Health, finance, Agriculture, Livelihoods & Policy. Over the course, they have developed skills, mindsets and knowledge required to lead and establish a responsible social-enterprise.

Application Process

Each applicant will go through a four-step process that involves Online Application, Psychometric & Aptitude Test, Telephonic Interview and a 2-day direct Assessment. Interested candidates can know more about the programme and apply, on or before April 26th 2018 by visiting ACL TII Website. For any queries, they can send an email to TII Admissions.

About ALC India

ALC India is a Hyderabad-based social enterprise established in 2005 to work with economically marginalised communities who battle great odds to eke out fragile livelihoods. To such producers, ALC offer professional services that they can use to turn the odds in their favour and build livelihoods that are more certain, rewarding, and sustainable. The enterprises incubated of women farmers, tribals and weavers have together done business of more than Rs. 70 crores in the last few years, employing more than 80 rural youth and supporting the livelihoods of more than 21,000 women.

Founded in 2004, Conquest soon became India’s biggest student-run startup conclave receiving over 1000 startup applications consistently since previous three editions. Fourteen years have passed by, with a couple of revamped models and success stories laden throughout, Conquest has now evolved into a six-week summer program for India’s top ten startups which receive free space to live and work in Bengaluru along with intensive mentoring, investment opportunities and media coverage.

In the past, Conquest has had success stories like SocialCops, which is acclaimed by Prime Minister Narendra Modi and has been recognized as the Most Impactful Startup of 2017 by the YourStory team. Swagene and Gamezop which were the top two startups in Conquest 2015 went on to create genetically customized medicine and social gaming platforms respectively. Thinkerbell Labs, winner of Conquest 2016 aims to bring Braille within the reach of all visually-impaired people.

With a network of top investors like Sanjay Nath, Dev Khare, Barath Shankar from investment firms like Blume Ventures, Lightspeed Ventures, Accel Partners, Matrix Partners, and Indian Angel Network, Conquest serves as a networking paradise. Infotech Hub and Balsamiq as associate sponsors, Conquest is on a mission to empower founders, to catalyse innovation and to assist creation.

Rahul Chhabra, CEO at Conquest, BITS Pilani, says

The only way to push the human race forward is to have enterprising small groups of people reject the status quo and build the future. In those magical moments of giving birth to innovation, we stand by the crazy ones who dare to change the world, the ones who love building  and creating just for the fun of it.

What all is Conquest upto ?

From one of India’s grandest startup events, Conquest is now under transition to become a leader in India’s startup ecosystem with multiple initiatives for all stakeholders in the industry.

  • Summer Mentorship Program – With a goal to help the best founders build great businesses and raise money, Conquest provides a six-week long summer mentorship program at Bengaluru to their Top 10 Startups. This will comprise of free co-living space at The Hub – a coliving space where people come together to live, work and express themselves, along with free co-working facilities. A separate co-living space will also be provided at BHIVE workspace.
  • Grand Finale – The Summer Mentorship Program will be followed by a Grand Finale where the Top 10 Startups get to pitch themselves before India’s top investors and media houses to raise funds and gain media attention.
  • Conquest Mentoring Sessions – From among all the startups that register for Conquest, the Top 50 are called for a day-long mentoring session in Delhi, Bangalore and Mumbai with industry stalwarts in tech, customer acquisition, fundraising and so on.
  • Conquest Community – The Conquest Community is a curated community of past startups, investors, mentors and experts from the Conquest network. It sparks discussions and provides an opportunity for members to connect with and gain insights from each other.
  • Conquest Hiring Platform – This gives an opportunity to Conquest Campus Ambassadors, college E-Cell partners and developers to get a chance to work with one of the previous Conquest Finalists as well as the current startups looking to hire.
  • Conquest Academy – Building a repository of great advice to first time founders which have everything from how to find the right co-founders to how to achieve a product market fit.
  • Conquest Meetups – Regularly held meetups and hackathons with mentors, founders and developers which helps get the most talented people of the country under one roof.

Why should a startup register for Conquest?

If you are an early stage startup founder who really cares about the company you are building, then Conquest has built a distraction-free, high growth environment for you so that you can single mindedly focus on building your company.

Conquest provides intensive mentoring from founders who have built great companies themselves who are the best source of experiential knowledge on nascent stage startup problems. Another important element of the program is a collaboration focused environment which requires all Top 10 Startups to stay and work together in order to solve each other’s problems and leverage complementary skill sets. Finally, Conquest helps the startups overcome one of the most common roadblocks – fundraising.

Conquest provides investors from top VC firms, Conquest alumni and experienced founders to help craft your pitch, build your deck, maneuver deals and secure funding.

Conquest has opened registrations, join the journey hereTo know more about Conquest, check out their blogs – Conquest: Building India’s First Student-Run Startup LaunchpadWhy register your startup for Conquest?.

Indian School of Business [ISB], organized the India Conference on Innovation, Intellectual Property and Competition in Delhi. The objective of the conference was to offer a roadmap to manage innovations at various stages in the value chain, which calls into play the various tools of the Intellectual Property System. The role of Intellectual property, from producer to the end user, in relations to innovation was addressed through a daylong conference.

In his keynote address, Shri Suresh Prabhu, Minister for Commerce and Industry, Government of India, mentioned that Government is working on having regular interactions with the Start-ups, who are at the forefront of innovations, primarily on regulatory aspects, which helps them in their business initiatives.

Dean Rajendra Srivastava, Dean of the Indian School of Business in his opening address, said

There is a need to integrate insights from West and East to address the tussle between competition and protection. There is a need for a dialogue between the competing interests of the society, corporate and the individual level for the required value migrations. Our Lab is the Market Place and we need to look at ways we could manage ideas.

Dr Girish Sahani, Director General, CSIR & Secretary, DSIR, said

CSIR stands No.1 in R&D Patents and this was possible because of the mind-set change in the scientists to bring about synergy into production systems and focus towards more product based innovations vis-a-vis process based. CSIR is currently positioned at 75th in the Global R&D institutions.

Speaking on innovation ecosystem in India, Dr Rishikesha Krishnan, Director, IIM Indore, pointed out that much of the innovation in India is dominated by the multinational companies. However there is immense scope for frugal innovations in India especially happening at the start-up levels.

Dr Rishikesha Krishnan, Director, IIM Indore, said

Start-ups are becoming increasingly visible. The future of innovation is in e-commerce, Fintech, Artificial Intelligence, machine learning etc. Many companies are looking at India for their R&D needs.

Professor Anil K Gupta, Founder Honey Bee Network & Executive Vice Chair, National Innovation Foundation, said

We must not focus on frugality which is only for customers but also look into the manufacturers. There is a need to bridge the formal and informal innovations happening in India.

Ms Geeta Gouri, Former Member, Competition Commission of India and Director [Tariffs], APERC, in her address opined that creating new markets is also an important responsibility of the competition commission. Taking the examples of the cases at the Competition Commission on automobile after market and Google search engine, Ms Gouri said

Anything dominant will result in abuse, but the innovator must get the required credit for his innovation.

Mr Vivek K Kamath, Managing Director, Merck Sharp and Dohme Pharmaceuticals [India], opined that there is a need to focus on both large as well as niche categories healthcare intervention. Mr Vivek K Kamath said

Policies are forward looking right now, but enforcement gap maybe the challenge. We need to  do better on the enforcement dimension especially related to Intellectual Property Protection, Patented product pricing and clinical trials which will create a robust Indian healthcare innovation ecosystem.

The conference saw a galaxy of speakers speaking on various aspects of innovation ecosystem – IP Index, clusters, Chinese exceptionalism, piracy, healthcare innovation, app economy, trade agreements, intersection of technologies, inequality among others. The interactive conference was attended by around 150 delegates representing industry, academia and the Government. This is the inaugural edition of such a conference organized by the Indian School of Business.

Do you have a dream of starting something on your own? Do you have that spark in you? Are you in short of money to pursue your business? Always remember that most of the biggest companies were started on a very short budget.

Amazon’s office during the early stage

If you have that passion in you, budget constraint won’t be able to stop you from winning, period.

Let’s discuss a few pointers you need to consider if you are starting your business on a budget

Paperwork is optional

Unless you are dealing with some legal way or something, it is not mandatory to get your business registered. Many of the small business were started without any paperwork done. Once they validated their idea, they proceeded to get their site registered.

I see guys getting into all the paperwork without even validating their idea. Later on all the effort of registration and paperwork is wasted if the business doesn’t turn out well.

You don’t need an office

Jeff Bezos started his empire from garage and same is with Larry Page. Don’t hesitate to make garage your office if required. You can always opt for those swanky offices once you run in profits.

As most of the businesses these days run on laptops and phones, you can also get this done sitting in the comfort of your home! I understand that some guys hesitate sitting in garage or home, but if you are really serious about the work, you will be able to do it no matter where you are sitting.

Be ready to make your hands dirty

While in corporate world, there is a specific task assigned to each of the employee. But when you are starting up, you have to do it all yourself. Sometimes you be the sweeper and sometimes a telecaller. Man, this is startup and you have to get into multiple roles unless you are a Ambani or Tata.

Similarly, get things like branding and website by yourself too. I have used Canva’s Free visiting card maker to get some awesome cards done within seconds. You can do it too for Logo, banners and much more. Want a website done? Get website builder and do it yourself. Similarly you can do a lot of things by your own.

Save Save Save, negotiate where you can

A penny saved is a penny earned, right? Negotiate everywhere. Always remember you are on a fixed budget. Buying computer parts? Search for wholesalers in your area. Always look out for wholesale places as there are always such places where the prices are low.

Similarly, ask your vendors to give you credit for a month or so. This will help you keeping cash in hand. Also, keep a check on minute expenditures. These small ones look negligible but they might result in huge expenses collectively.

Learn new things instead of outsourcing

As I said before, you don’t have to get everything outsourced when you are starting up. Learning new skills helps a lot. I know many startup guys who designed their website, who designed their logos, who painted their office.

There will be times where you will need expert’s help. For that, there are communities related to every industry. Just be bold and ask your query. Yes this is time taking, but who cares? When you are moving, it is good, whether it’s slow or fast 🙂

Do a lot of networking

Once I met a developer who turned out to a great guy. We met at local dev meetup where I offered everyone free hosting coupons I got from a friend who just started his web hosting company. The developers were so impressed, one of them offered me help to create my blog.

In a nutshell, networking helps a lot as you can help people as per your expertise and they can help you as per theirs. This is a win win situation where no one has to spend money to get things done!

Starting a business is no doubt a tough task. I have seen many guys sinking and getting back to their 9 to 5 within months of starting up. Don’t let any constraint hinder your way, keep your will as strong as stone and dive into the sea of entrepreneurship. All the best!

About the Author

Prince Kapoor is a Freelance Marketing Analyst and Blogger. While not working, you can find him in gym or giving random health advises to his colleagues which no one agrees on :). If you too want some of his advises [on health or on marketing], reach out to him at @imprincekapur