MIT Global Start-Up Workshop 2016 begins in Hyderabad

Massachusetts Institute of Technology is organising a Global Start-Up Workshop in Hyderabad from 21st March through 23rd March.

The workshop is a must attend for those who want to start-up new business or have started new business. At the workshop participants will be provide with an opportunity to network with other entrepreneurs and exchange ideas with experts.

It is an ideal platform to share best practices and lessons learned from around the world. Last year such conference was hosted by Guatemala and in 2014 it was hosted by Morocco.

This year's conference is committed to bring four key deliverables to the conference.
1. Unparalleled access to mentors;
2. International competitions;
3. Hands on training; and
4. Monitored profiles of attendees.

History:

MIT Global Startup Workshop was founded in 1997. The first MIT GSW was held in Cambridge, Massachusetts in March 1998.

It brought together an international community committed to launching BPCs to stimulate and nurture entrepreneurship worldwide.

Demo Town:

The workshop is to have a Demo Town where start-ups can present their products or vision based on the stage of the startup. At Demo Town attendees can obtain useful and critical feedback on their start-up ideas and products and this feedback will help them perfect their market strategy.

The showcase team at the workshop is to help start-ups with making their presence felt online by helping them make a short video about the company.

Inaugural session:

The workshop was inaugurated by Kalraj Mishra, Union Minister for MSME. Mr. Mishra on the occasion said that,

"Government of India has an initiative to build eco-system for nurturing innovation and Start-Ups to drive economic growth and generate employment opportunities.

"Government of India has taken various measures to improve ease of doing business and also for building an environment for Start-Ups including MSMEs in the country.

"The role of MSME sector can best be ascertained in terms of its contribution in GDP, manufacturing output, export and employment generation."

"MSMEs growth over 10% in recent yrs. MSME contributes 37.5% of the country's GDP, 45% of the manufactured output and 44% of its exports."

The MSMEs provide employment to over 80 million persons through over 36 million enterprises. pic.twitter.com/5VaT8scoQx

andmdash; Kalraj Mishra (@KalrajMishra) March 21, 2016

"PM Narendra Modi has envisioned the country as a 'Manufacturing Hub'. Vision of Make In India a manufacturing hub."

"Make In India strategy aims to facilitate investment, foster innovation, enhance skill development and build manufacturing infrastructure in the country."

"Government of India is focussing on facilitating the ease of doing business and encouraging growth of entrepreneurs. Towards this effect UAM has come into force."

"Udyog Aadhaar Memorandum is a simplified form to be filled online on self-declaration basis without any supporting document and fee."

"PM Narendra Modi is focussing on use of IT tools, Ministry of MSME has launched Employment exchange portal where job seekers can find employers and vice versa."

"Government will unveil a blue print for start-ups soon. There will be special support structure for start-ups, including funding from the government."

"Under Stand-Up India, each 1.25Lac bank branches would be encouraged to fund a SC/ST and woman entrepreneurs to create 2.5Lacs new entrepreneurs."

"CLCSS provides upfront capital subsidy for technology upgradation support by 15% capital subsidy (limited to max 15 lakhs) for purchase of Plant and Machinery."

#CLCSS asst provided to entrepreneurs to set up new micro enterprises in the mfg as well as the services sectors pic.twitter.com/jO1rnqm3NA

andmdash; Kalraj Mishra (@KalrajMishra) March 21, 2016

"PMEGP Scheme is for assisting the young entrepreneurs to set up new micro enterprises in the manufacturing as well as the services sector."