GTU to train young innovators in crowdfunding Akshay Karnatki wanted to start his dance academy but didn’t have sufficient funds. He put up his project on crowfunding website start51 with a small video and aimed to get Rs 4 lakh. People poured in from across the country as well as outside India and Karnatki surpassed his own target as he received more than Rs 4 lakh. Now, he is set to start his dance academy. Crowdfunding is simply the practice of funding a project or venture by raising many small amounts of money from a large number of people. Crowdfunding doesnt give stake or profit-sharing to the people who contribute money. It basically rewards for money. Crowdfunding is fast developing into an alternative for investor-based projects. As many as 12 students will go through a month-long training on how to get their innovative ideas sponsored by participating in a unique crowdfunding programme. Crowdfunding initiator (CFI), Indias first residential crowdfunding boot camp, will be organized in the city from Monday. The initiative is supported by the Gujarat Technological University (GTU) and Start51, an indigenous crowdfunding platform. The four-week programme will have different modules to train young innovators. Akshai Aggarwal, vice-chancellor, GTU, said, “This crowdfunding bootcamp is aimed to transform student innovators’ dreams into reality. This is an effort to make the potential student entrepreneurs and innovators with funding ready using this internationally successful tool called ‘Crowd’”. The programme is funded by the GTU and open to young innovators from Gujarat. Almost 90% of start-ups and good ideas in college and universities die in want of money or lack of funding support despite having a huge potential. epaperbeta.timesofindia/Article.aspx?eid=31805&articlexml=GTU-to-train-young-innovators-in-crowdfunding-16062014002058
Posted on: Mon, 16 Jun 2014 11:43:28 +0000
Trending Topics
Recently Viewed Topics
© 2015