"If IIT-IIM graduates will not get a job when they fail, then who will?" - Interview with Amit Grover - Founder, Nurture Talent Academy

 
2. Does Nurture Talent promote entrepreneurship or does it also offer assistance (financial or mentoring) to budding entrepreneurs? How does it do these?
 

We promote entrepreneurship through our training and mentoring programs. We offer financial assistance through our incubation partners (Freemont Partners) and venture capitalists (KAE Capital), however, we do not charge the startups for this service. Our aim is to enable the strengthening of the entrepreneurship eco-system in India. We have 3 categories of training programs: a. 2-day Idea to Execution workshops b. 7-day Techpreneur Summer/Winter training programs c. 25 hour Entrepreneurship Course for Colleges Our programs are offline (classroom based, faculty led) as well as online (web recordings, mobile conferences).   3. Describe what you have accomplished through Nurture Talent and what you plan to accomplish in the future. We have conducted over 250 workshops across 80+ cities and attended by 15000+ students. Our training programs range from 1 hour to 3 months and cover subjects like idea generation, business plan, funding, investments etc. Over 75 people have started their ventures as a result of the training and mentoring support. However, this is just a start - in next 3-5 years, we wish to enable 1000 ventures start and generate 20000 jobs.   4. How would you measure the success of your initiative? We measure the success of our initiative with the number of participants who go ahead to start their ventures and generate jobs. Our training programs help students to save time, save money and get knowledge of beginning their entrepreneurial journey. In the past, over 75 ventures were born due to our initiatives, and we are confident this family of entrepreneurs will grow faster in the future.   5. Do you think that Indian people - especially the educated class, lack an entrepreneurial mindset?  How do you see this phenomenon going forward, and what role do you visualize for your organization in this?

 
Yes, there are various "ropes" that tie Indian people - especially the educated class! This includes an education loan, peer pressure, car loan, club memberships, EMI payment of home loan, parent's expectations - all these are the reasons or excuses people give before taking the jump. Unfortunately, when a student joins a college, the first thing he/she is "sold" include 'job placement', 'career', 'salary', 'job safety'. Personally, I believe capable people should try entrepreneurship at least once. If IIT-IIM people will not get a job when they fail, then who will? In Nurture Talent training programs, we try to keep things entertaining and interactive, and add new way of learning while keeping the serious aspects of entrepreneurship intact. We want people to jump, but to jump responsibly.

  6. In which areas of the Indian economy do you see the brightest prospects for entrepreneurs? I see bright prospects in the areas related to fundamental human needs - food, water, education. Technology will remain a favorite of investors - including internet, mobile and social commerce. My main learning has been to keep trying something new. If you keep doing the same thing, you will keep getting the same results. Another thing that I learned was to take quick decisions without numbers or data - something not taught in any IIMs. You have to go by guts, and put all your effort to make the decisions right.  

 
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