Professional Documents
Culture Documents
Enterprise.Development.Innovation
30
Battling
the
odds
a
14
pleased
chief minister
22
Advantage
Doda
Seed Capital
Fund Scheme
A component of Sher-e-Kashmir Employment and Welfare
Programme for Youth (SKEWPY) of the J&K Government,
provides seed money to start-up entrepreneurs coupled with
bank finance at concessional rates to enable their successful
enterprise creation. The scheme is being implemented by JKEDI
in collaboration with J&K bank.
Seed Money
35%*
provided by
JKEDI as non-refundable
seed capital
Bank Finance
65%
=
Total
cost
of
Your dream
EDI
Business
30
6
Phone:
10
22
20
40
24
Where eve's
daughters
can break through the glass ceiling
J&K ENTREPRENEUR VOL 5 ISSUE 1 JUL-SEP 2014
Have you heard the way to his heart is through his stomach? Or
even that he prefers food over everything else you thought is
important to him? Popularise these proven statements among
your circles and tell them how to win over their mens hearts.
Yes, you can teach them how to cook, if you are one of those
who can rustle up great food. And make a business out of it.
One can start cooking classes from home on a shoestring
budget as low as Rs.20,000 to buy good cookery books and
basic kitchen equipment.
There is a huge number of girls students or professionals
who want to learn how to cook delicacies and multi-cuisines
apart from the traditional Kashmiri dishes. One can make a
good livelihood out of this skill that has the potential to generate
a good yearly income.
The best part about this business is that your investment is
directly linked to number of people you teach, who are most
likely to pay you in advance. And you can conduct cooking
classes in the evenings or during non-business hours. Doesnt it
sound great?
02014/E01/10A
10
Wassup
11
12
A peep into
campus
Nazia Sha reports from JKEDI grounds about the buzz in the campus
14
A peep into
campus
15
A peep into
campus
oz
Shah Fair
18
16
Arsalan Ashraf khan nds how young entrepreneurs are innovatiing in craft sector
Namda
Pashmina
20
+91.9622.726.492
fumbh.designs@gmail.com
www.fumbh.com
Follow us on:
22
23
ISHFAQ MIR
24
02014/E03/10B
Manufacturers of printed
corrugated cardboard boxes for
all purposes with
attractive features:
- Light weight
- Clean and hygienic
- User friendly
- Durable
- Reliable
do
26
Lawn and
27
However, there are five basic qualities that can make a start-up a successful enterprise.
28
02014/E04/10C
Cover Story
Sarwar Kashani
STOPPED
from being an entrepreneur
rprise
tion in
ashmir
very month at least 5,000 young men and women turn up at Jammu and Kashmir
Entrepreneurship Development Institute (JKEDI) ofces -- in districts and main centres in
Kashmir and Jammu to be entrepreneurs. But only 10 percent of them move a step
forward to be trained as entrepreneurs.
The attrition doesnt stop there. The number decreases gradually at every step towards the
entrepreneurial journey. The decline doesnt follow a denite pattern but a eeting study by the
institute has identied varied reasons for the fall. These include social factors, local market
opportunity, education and training, access to business support and services, access to nance
and regulatory framework. Not necessarily in that order.
A report based on a survey conducted by Mercy Corps has found that an overwhelming majority
of 90 percent of all youth in Kashmir think that becoming an entrepreneur is either challenging
or very challenging due to these fear factors.
The report published in 2012 suggests that the perception of entrepreneurship among youth as
a challenging process might be one of the deterring inuences, holding back the level of total
entrepreneurship activities.
J&K Entrepreneur dissects these factors that hinder the entrepreneurial journey of youth in the
state with an upward of 600,000 educated unemployed men and women.
No social acceptance
Social legitimacy of entrepreneurship is surely going
to make a difference. Our families are averse to risk
taking because of a fear of failure that acts as a
deterrent to starting a new rm.
It has been observed that that the majority of parents
in Kashmir undervalue entrepreneurship compared
to a career in medicine, law, engineering, or any
government job for a xed income.
For woman entrepreneurs, convincing their families
is more difcult and hindrances are beyond the
concerns of success. A woman in her early 20s
visited JKEDI ofce and got herself registered for
entrepreneurship development programme. She
never turned up again.
After consistent calling, she revealed the truth. My
family sees business as risky. They said nobody will
be ready to marry me if I have a nancial liability or
avail a loan facility, even if it was for a business, she
conded.
There are many similar examples that bring us home
the stark reality that entrepreneurship has still not
achieved the desired level of acceptance in our
society.
No entrepreneurship education
Education plays a vital role in entrepreneurship. With
74 percent literacy rate among Kashmiri youth, the
region has one of the highest literacy rates in South
Asia, according to the latest census. However, there is
very less or no emphasis at all on entrepreneurship
education in Kashmir. The current educational
system doesnt focus on promoting entrepreneurship.
31
Cover Story
generally missing among them.
What if I fail in my effort to set up my business, they
would always say fearsomely. To win their condence, the
aspiring entrepreneurs need continuous reassurance that
there is someone to handhold them till they sustain
themselves. That is why business assistance service or
business developments services are needed to held start-up
entrepreneurs improve the performance of their
enterprises and access to markets, and their ability to
compete.
Even the Mercy Corps research has laid a great emphasis
on business assistance of start-ups, given the low levels
of entrepreneurship education and awareness in Kashmir
that will help them avoid failure and to realize their full
potential.
Where there is
there is a wa
Lack of market-augmenting
framework
The incumbent government in the state has time and
again laid a huge stress on single-window clearance
system. Chief Minister Omar Abdullah has himself
emphasised on the need.
Though the state doesnt have strict regulations that
hinder enterprise creation and create a barrier to
entrepreneurship, but an entrepreneur has to get
clearance certicates from various government
J&K ENTREPRENEUR VOL 5 ISSUE 1 JUL-SEP 2014
32
s a hill
ay
Term Loan
for
backward
sections
of minorities
EDI
1. TrackMaven
This app streamlines your ability to monitor data on
your competition, without going through the hassle
of consulting multiple sources. Filter the marketing
activity you want alerts for and erase all the extra white
noise.
8. Hukkster
Looking for work attire but need to spend less due to a
limited budget? No time to browse the sale racks? Let our
app Hukkster do the dirty work for you and track your
most coveted products so you can easily get your hands on
the items you want, the moment they go on sale.
2. EchoSign
There's no longer an excuse to delay the closing of a
deal. This Adobe app allows you to electronically sign
documents easily and securely. It also records and
stores each document's history, so you have automatic
audit trails -- saving you the time and trouble of
backtracking in case the need arises.
9. Hinge
Single and no time to mingle? Hinge is a great app that
allows you to scope out other single men and women in the
area based on your personal network.
3. Free Wi Finder
A denite game-changing app for the entrepreneur
and tech guru who needs to be plugged in 24/7. In the
early stages of a start-up, every situation and
opportunity is high stakes and you can't afford to
allow a poor Internet connection to get in the way of
your company's success.
4. Uber
This app never lets us down. For any on-the-go
entrepreneur, this service is essential to ensure you
always have a way to get to that last minute meeting -even when every cab in the city is full.
5. MobileDay
For those frequent occasions when you're too busy to
be sitting in the ofce, use MobileDay to coordinate
all of your in-person and conference call meetings.
With this app, you can dial in automatically, email with
participants and even get directions to your meeting
place.
6. Skitch
Screenshots are second nature in the business world
these days, but it's a tedious task to make notes directly
on them. Enter Skitch. A product of the ever popular,
Evernote, this desktop and mobile application allows
you to get directly to the point through different
annotations, shapes and sketches.
7. FedEx Ofce
This mobile app is one of the most helpful on-the-go
apps for entrepreneurs. Easily send les, documents
or photos through the app to your nearest FedEx
location to be printed or made into a beautiful
presentation. You can even upload les directly from
Box, Google Drive and DropBox.
Courtesy: www.entrepreneur.com
35
36
37
SHESPEAKS
By Kahkashan Yousuf
OMEN EMPOWERMENT
AND
ENTREPRENEURSHIP
38
40
JKEDI
achievements
SCFS 1049
Enterprises
YSLS 125
Enterprises
JKEDIs
activities in
last fiscal
NMDFC
272
Enterprises
Amount Disbursed
Youth Start-up Loan Scheme
Amount Disbursed
Term Loan scheme of National
MinoritiesDevelopment and
Finance Corporation
Amount Disbursed
Seed Capital Fund Scheme
SCFS
YSLS
NMDFC
JKEDI sponsored
venture among
Indias
top 30
student start-ups
A JKEDI sponsored and mentored IT venture
IAC Software Solutions of Waleed Qureshi
gured in the list of Indias Top 30 student
start-ups.
The list of promising start-ups was announced
in February earlier this year at an award
ceremony of The TATA First Dot powered by
NEN National Conference-2014 after a fourstage stiff scrutinizing process.
Another JKEDI sponsored start-up The
Cambridge Foundation School, a joint venture
of Mir Adil and Nayeema Shah gured in the
list of Peoples Choice Awards category.
IAC Software Solutions was founded with an
aim to provide quality software training to
students of the valley. We recognized the need
for an institute that would be one of its kind in
delivering courses aligned with the industry
standards and methodologies, said Waleed on
receiving the certicate and memento. We are
committed to provide the best education
combined with the exposure thats very
important for a software professional, and
which we lack in the valley.
There were two categories of awards; Jury
Awards and Peoples Choice Awards. Out of
Top 20 (Jury Awards) and Top 30 (Peoples
Choice Awards), the rst 11 startups were
declared as competition winners with benets
like networking with entrepreneurs, angel
investors, mentors, experts and other student
start-ups at the event.
IAC was among eight start-up ventures from
Kashmir Valley shortlisted for TATA First Dot
Contest, an all-India level competition. This is
for the rst time that nomination of any student
start-up from J&K was accepted for the
contest.
Start-up ventures from Kashmir whose
nominations had been listed for nal
competition are DepRel Building Solutions, (by
Syed Abrar), Discover Kashmir, started and run
by Sajad Kralyari, Aalam Automobiles, (by
Rukhsana), Rock Nation Films, started and run
by Wajahat, Zargar Brothers (by Farooq
Ahmad) and IAC Software Solutions, started
and run by Waleed Ahmad Qureshi, The
Cambridge Foundation School (by Mir Adil and
Nayeema Shah); and Unique Feeds.
JKEDI will continue its tie up with the National
Entrepreneurship Network (NEN); Wadhwani
Foundation Trust and has already planned skill
development courses, networking of existing
entrepreneurs at national-level and faculty
development programmes for this year.
42
humility to
learn
capacity to
dream
courage to
www.jkedi.org
act