The Five Days of Residential Bootcamp for Emerging Business Leaders of the North East Region concluded yesterday at the IIM Shilong campus.
Fifty-five youth from across the North East region and outside took part in the sponsored boot camp, organised and funded by the Incubation and Enterprise Support Centre (IESC) of IIM Shillong.
The bootcamp is designed to orient students towards entrepreneurship, ideation, innovation, business modelling, the market, the economy, and leadership traits, with an overall thrust on developing entrepreneurial spirit.
During an interactive session, IIM Director Prof. D.P. Goyal encouraged students to take calculated risks, move beyond their comfort zone, and build the habit of an entrepreneurial mindset. He stressed the importance of changing mindsets and having a vision and commitment to achieve more.
He also urged the students to take the maximum benefit of their stay at IIM Shillong, interact with experienced faculty members, utilise the available resources, and bring about transformative change.
Providing training and support to young entrepreneurs is crucial for promoting innovation and economic growth he said, adding, by offering in-house training on how to start a business, IIM Shillong is equipping aspiring entrepreneurs in the region with the knowledge and skills they need to launch and grow successful ventures.
During the 5-day residential bootcamp, participants learned about various aspects of entrepreneurship, such as idea generation, market analysis, business planning, financial management, and marketing strategies.
Participants in the bootcamp received case studies, interactive sessions, and practical exercises to help them apply the concepts they learn in real-world scenarios. Such bootcamps can provide young minds with a solid foundation of knowledge and skills needed to start and run a business. It can help them identify potential opportunities, assess market demand, develop strategies to overcome challenges and provide them with access to valuable resources, networks, and mentorship that can help them navigate the complex entrepreneurial landscape, a press release said.
