Shri Shankraoji Kolhe Saheb Inspire Project (SSKSIP) Shri Shankraoji Kolhe Saheb Inspire Project at the SACS is committed to build a strong base for entrepreneurship amongst the students as well as to inspire students to reach their potential in their area of expertise.
Objectives of the practice
- Promoting students towards research, innovation and entrepreneurship
- To strengthen and nurture entrepreneurial skills in the students.
- To encourage self-employment tendencies.
The Context:
This program is a major programme meant to develop entrepreneurial abilities among the people. The project is inspired with the major objective of promoting entrepreneurship skills which involves equipping student with the required skills and knowledge needed for starting and running the enterprise. Students are given an exposure about the conceptual framework of entrepreneurship role, skills required, market analysis etc.
The Practice:
Identifying the emerging reservoir of talent and creativity among students, Institute has desired to build a strong base for entrepreneurship amongst the students. This program was designed to widen the base of entrepreneurship to establish SSKSIP. After understanding the need of such effective program, this program was launched and implemented with the name of SSKSIP (Shri Shankraoji Kolhe Saheb Inspire Project) from the academic year 2015-16 to develop, and polish the capabilities and skills as the prerequisites to become an entrepreneur.
Evidence of Success:
Success of this project lies in the fact that it has built a strong base for students to increase their contribution towards research, innovation and entrepreneurship. This has proved as successful platform where students have also come up with startup and nurtured with good financial records understanding the needs of society and personal development.
Students with their new record of success and achievement:
- Achal Narang from BBA-IB has started her own venture of Bakery Business following all Covid guidelines.
- Hrushikesh Lohate from BBA-IB has constructed Cycle Flour Mill which runs on bicycle, an innovative initiative which soon he is going to file a patent.
- Ruchi premani has started her own venture of Art & Craft
Problems encountered and resources required to implement the practice
Challenge: 1)
Financial & cash flow management Allocation of funds is one of the main issues that most of the students find but then they are guided on the same with possible solutions.
Challenge: 2)
Decision-making One of the hardest and most stressful problems faced by entrepreneurs is decision making. New entrepreneurs have a harder time making decisions as they often equate even small decisions with how it will impact the company and its budget.
Resources Required
- Well trained dedicated team of faculty members to guide the students.
- Physical resources.
