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PGDM-IEV in Includes Tracks For Startup And Family Business at XLRI – Xavier School of Management
East Singhbhum, Jharkhand
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About the Specialization
What is Includes tracks for Startup and Family Business at XLRI – Xavier School of Management East Singhbhum?
This PGDM Innovation, Entrepreneurship & Venture Creation (IEV) program at XLRI focuses on nurturing entrepreneurial talent and fostering a startup mindset. It''''s designed to equip future leaders with the skills to launch and grow new ventures, innovate within existing firms, or manage family businesses effectively. This program addresses the critical demand for structured entrepreneurial education in India''''s booming startup ecosystem.
Who Should Apply?
This program is ideal for aspiring entrepreneurs, startup enthusiasts, and individuals from family businesses seeking to professionalize and scale their ventures. It caters to fresh graduates keen on the startup world and working professionals looking to transition into entrepreneurial roles or strengthen their innovation leadership skills within organizations. Candidates often possess a drive for problem-solving and creating impact.
Why Choose This Course?
Graduates of this program can expect diverse India-specific career paths, including launching their own startups, joining venture capital firms, or taking leadership roles in fast-growing SMEs and family enterprises. Entry to mid-level salaries often range from INR 12-25 LPA, with significant growth potential based on venture success or corporate progression. The program fosters skills highly valued in India''''s dynamic economic landscape, aligning with national initiatives promoting entrepreneurship.
Student Success Practices
Foundation Stage
Build a Strong Business Foundation- (undefined)
Focus intensely on core subjects like Finance, Marketing, and Operations. These fundamentals, often taught with an entrepreneurial lens, are crucial for sound decision-making in any venture. Actively participate in class discussions and utilize case studies to grasp real-world applications.
Tools & Resources
XLRI library resources, HBR Case Studies, Peer study groups
Career Connection
A solid grasp of business fundamentals is essential for creating robust business plans, managing startup finances, and developing effective market strategies, directly impacting venture viability.
Cultivate Design Thinking & Innovation- (undefined)
Engage deeply with Design Thinking methodologies to understand customer pain points and develop innovative solutions. Practice ideation, prototyping, and user feedback loops through small projects or hackathons. Seek mentors who can guide creative problem-solving.
Tools & Resources
IDEO Design Kit, Local startup hackathons, XLRI Innovation Cell events
Career Connection
Mastering design thinking enables you to identify market gaps and create user-centric products/services, a critical skill for any successful entrepreneur or innovator in India.
Network and Explore Startup Ecosystems- (undefined)
Attend industry webinars, startup expos, and entrepreneurial conferences. Connect with alumni, angel investors, and venture capitalists. Understand various startup models and the funding landscape in India. Join relevant student clubs.
Tools & Resources
LinkedIn, Startup India events, XLRI Entrepreneurship Cell
Career Connection
Early networking opens doors to mentorship, co-founder opportunities, and potential investors, laying the groundwork for your future entrepreneurial journey or venture career.
Intermediate Stage
Undertake Live Startup Projects/Internships- (undefined)
Seek internships or live projects with early-stage startups or family businesses. Apply classroom learning to real challenges like market entry, product launch, or operational scaling. This hands-on experience is invaluable for practical insights.
Tools & Resources
XLRI Placement Cell, Startup portals like AngelList India, Direct outreach to incubators
Career Connection
Practical experience significantly enhances your resume, demonstrates your ability to navigate startup complexities, and can lead to pre-placement offers or co-founder roles.
Refine Business Planning & Pitching Skills- (undefined)
Participate in business plan competitions and investor pitch events. Continuously refine your business model, financial projections, and presentation delivery. Seek feedback from faculty and industry experts to sharpen your narrative.
Tools & Resources
VC/Angel investor networks, XLRI Incubation Centre, Online pitching courses
Career Connection
Effective pitching is crucial for securing funding, attracting talent, and gaining partnerships. Strong business planning provides a roadmap for sustainable growth and success.
Develop Specialization in Elective Tracks- (undefined)
Choose electives strategically based on your entrepreneurial interests, whether in tech startups, social ventures, or family business management. Dive deep into areas like Venture Capital, Digital Marketing, or IPR to build specialized knowledge.
Tools & Resources
Elective course outlines, Industry reports, Specialized online certifications
Career Connection
Specialized knowledge makes you a more valuable asset, whether you''''re launching a niche startup, consulting for family businesses, or joining a VC firm focusing on specific sectors.
Advanced Stage
Master Entrepreneurial Finance & Fundraising- (undefined)
Gain expertise in venture capital, angel investing, and alternative funding mechanisms prevalent in India. Understand term sheets, valuation, and legal aspects of fundraising. Develop skills to manage startup finances and secure investments.
Tools & Resources
Indian Angel Network (IAN), Venture Catalysts, Startup India Seed Fund Scheme
Career Connection
The ability to manage finances and successfully raise capital is a make-or-break skill for entrepreneurs and highly sought after by investment firms and startups.
Engage in Capstone Project / Venture Launch- (undefined)
Leverage the Capstone Project to launch your own venture, refine an existing startup idea, or consult for a family business. This allows for comprehensive application of all learned concepts under faculty guidance, simulating real-world entrepreneurial challenges.
Tools & Resources
XLRI faculty mentors, Incubation support, Industry partners for pilot projects
Career Connection
A successful capstone project often serves as your portfolio piece, leading to actual venture creation, securing seed funding, or a strong foundation for a career in consulting or business development.
Build a Mentorship & Advisory Board Network- (undefined)
Identify and cultivate relationships with experienced entrepreneurs, industry veterans, and legal/financial advisors. Their insights are critical for navigating complex business challenges, especially in the Indian market. Seek diverse perspectives.
Tools & Resources
XLRI Alumni Network, Industry associations (e.g., NASSCOM, FICCI), Startup accelerator programs
Career Connection
A strong advisory network provides guidance, opens doors to opportunities, and significantly increases the chances of success for your entrepreneurial endeavors or career progression in leadership roles.
