KOCHI: The Hon’ble Governor appreciated the students of iB Hubs Startup School for taking up entrepreneurship at such a young age. He also shared his ideas on Startup Mindset and the importance of ethics in doing any business. He also said that youth should work on healthcare, sustainable energy, and education sectors as these are of importance for inclusive national development.
Adding to the wide attention and encouragement it got, iB Hubs Startup School is now under the patronage of Govt. of India’s initiative Startup India.
Honing their skills
The week started with an exploration of ‘Minimum Viable Product Development’. Then, every startup plunged into learning about various Traction Channels. After a fascinating discussion on how a particular set of Traction Channels is unique for a startup, the founders refined their Channel Execution Strategy.
The young entrepreneurs used the ‘Bullseye Framework’.
And, working on it, they found the right channel for their own startup according to the stage of their business and reduced their Customer Acquisition Cost while improving the Customer Lifetime Value.
Learning from the Masters
This week, every student startup was connected to a mentor of their focus sector. The startups will be getting easy access to insights in their respective industry and get connected to important stakeholders at the right time.
The young founders met and interacted with Praveen Dorna, Founder of StartupByte and COO of OUCE Labs, and understood the nitty-gritty of Business Model Development. Ms. Radha Alekhya, CEO of iB Hubs, and Mr. Rambabu Kondru, CFO, interacted with the student entrepreneurs, and gave them insights into ‘Team Building and Culture’ and “Finding the right mentor” respectively.
A deeper understanding
A special session on ‘Basics of Financial Accounting’ was held to enable the startups to keep track of how their bootstrapped money is flowing. Various activities were conducted to deepen their understanding of ‘the fundamentals of building the right culture, assigning tasks among teammates, using right kind of frameworks and much more.
To know more about iB Hubs Startup School visit,http://ibhubs.co/startup school/. The writer is the Associate Vice President of Marketting, iB Hubs.