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Business summit for start-ups

A one-of-its kind meeting would be organised in Patna next Monday to help start-ups come up with solutions to their business problems.

Bihar Entrepreneurs Association, along with the industries department, will organise the daylong Bihar Entrepreneurship Summit on March 10. Problems faced by start-ups would be discussed so that solutions can be devised.

A start-up is a business enterprise that has been launched recently or is in a nascent stage and requires technical, financial and product development help.

Abhishek Kumar, general secretary, Bihar Entrepreneurs Association, said: “Several summits and workshops have been organised in the state for entrepreneurs. But not a single summit has been organised for start-ups. This summit would be unique, as it would discuss the problems being faced by start-ups and would also try to find solutions with the help of experts and professionals.”

The association was formed in August 2011 to help assist others develop their business.

At a news meet to announce the daylong summit, Abhishek was accompanied by members, including chartered accountant Animesh Jha, Kundan Singh of Mauryan Cab and Birla Institute of Technology, Patna, student Akanksha.

Abhishek, who runs an e-finance firm, said the association has been trying to persuade the government to set up a state venture capital fund and an incubation centre to give people starting business ventures a fillip.

The venture capital fund would help develop an entrepreneur’s business. The incubation centre would provide expert help to start-ups, right from developing a business idea to preparing the detailed project report and setting up a factory or a firm.

The association would also organise a three-day incubation programme from March 7. This programme would train at least 30 youths in the state with business ideas and plans, helping them put the ideas on a global competitive platform.

Spokesperson Amit Choubey said 225 people would participate in the summit. “A good number of business proposals have been received online in the prescribed format from non-resident Biharis.”

Principal secretary, industries, Navin Verma and principal secretary, planning and development, Vijoy Prakash would be among the speakers at the summit.