Initiative aims to support and nurture early stage startups in multiple regions by developing the startup ecosystem through partnerships and collaborations
Caspian Debt has partnered with the Center for Innovation Incubation & Entrepreneurship (CIIE), the incubator of IIM-Ahmedabad to launch the Innocity startup school. The Innocity Startup School is a 14 weeks, non-residential program to support and enhance the skills of startups in their early stages. It will serve students and aspiring entrepreneurs across various geographies and sectors that have limited access to High-Quality Entrepreneurship training and knowledge. Applications are open from November 18, 2020 till December 20, 2020; and the program will commence in January 2021.
Caspian Debt is a multi-sector debt funding company, providing customized debt to professionally managed small and mid-market companies, startups and enterprises that create a positive social and environmental impact. The year 2020 marks the seventh year, since Caspian Debt’s first loan. Over these seven years, the firm’s balance sheet has grown 9x. Caspian Debt has deployed over INR 1.6 bn in capital to 137 companies through 327 loans, and their portfolio companies have impacted 13 Sustainable Development Goals (SDGs). In our experience of interacting with over 300 founding teams we found that companies at different stages of growth require different capacity building inputs. If the entrepreneurs are given some basic knowledge about different aspects of running business right at the start they can avoid several pitfalls on their way to scale and sustainability. We also learnt from our entrepreneurs that they learn most from the lived realities of their fellow entrepreneurs. Keeping all this mind Innocity has developed a holistic programme on entrepreneurship which not only helps aspiring entrepreneurs in knowing themselves but also ability to evaluate their busines model objectively, understand funding sources, appreciate importance of good governance and incorporate gender lens in their thinking.
Innocity is built at CIIE.CO to enable and activate the startup ecosystem in multiple regions of India. The Innocity Startup school initiative aims to support and nurture early stage startups in multiple regions by developing the startup ecosystem through partnerships and collaborations. The aim is to provide the right platform to startups locally, which would help them to access more resources for their ventures, and scale rapidly. Startups in the region can also become part of the training and knowledge sessions. Innocity is best placed to deliver this programme as they have experience of nurturing several entrepreneurs in a hands on manner.