Budding Entrepreneurs Nurturing Cell (BENC)
Entrepreneurship is the process of starting a business or an organization. The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure. Most of the time an individual has ideas that can be translated into business having a potential of scalability, but due to lack of information, guidance, financial & other resources, these ideas collapse, before bearing fruit.
Identifying the need of the hour, Trinity Institute of Management & Research provides the students with a platform where these ideas can be discussed & translated into a business enterprise. One of the objective of Business Management Education is to foster entrepreneurship. There are very few individuals with a natural bent of mind towards starting an independent venture. It has been observed on an average that,1-2 % of MBA students are interested in starting their own enterprise. Trinity Institute of Management & Research aims at churning out more entrepreneurs.
With this sole objective, TIMR has started its “ Budding Entrepreneur Nurturing Cell” or BENC.
BENC provides the student with a platform to come up with their Ideas, discuss & if feasible convert it into business venture. BENC provides complete guidance process to student right from generating ideas, making of business proposal to inception of enterprise. There are many schemes which are run by Government of India for setting up startup ventures, which unfortunately is not known to many. BENC updates students about such schemes, Students are made to interact with many government authorities & successful entrepreneurs who have first hand experience about risk taking. BENC has been instrumental in nurturing many such Budding Entrepreneurs & would have number of success stories to share soon.