Cuttack: Workshop on Change the Myth “Founders are from Mars, Investors from Venus” (How to raise Money for your Start-up) was inaugurated in Sri Sri University.
The workshop scheduled on 17th Sept 2018 at Sri Sri University, Cuttack in association with Startup Odisha. The event witnessed participation of seventy plus budding and aspiring entrepreneurs from various parts of Odisha. Four resource persons were scheduled to deliver lectures on how to get investment for startups. The chief guest of the inauguration programme Mr. Samarendra Sahu, Director General, IED, appreciated this initiative of Sri Sri University to empower startups to be investor ready. He also shared funding support is one among the most crucial element for startups of Odisha. Among the other distinguished speakers Mr. Prasanta Biswal, Evangelist, Startup Odisha, Mr. S.K. Rath, Asst. Director, MSMEDI, Cuttack, Mr. Narendra Lamba, Director Operations, Sri Sri University highlighted the key parameters desired by investors for funding support. Prof. (Dr.) P Srinivas Subbarao, Dean, FCMS, Sri Sri University and CEO of SSU Innovation Pvt. Ltd., the Incubation centre of Sri Sri University; guided the Startup founders how to develop their business plan with specific focus to key financial ratios. Among the resource persons, CA Harshdeep Gumber, Founder of Acculegal Services Private Limited, Mr. Surojit Roy, Head of Operations, Ambuja Neotia Incubation Pvt. Ltd., Mr. Alok R Ranarahu, AGM, RBI and Mr. J Rout, Chief Manager, Andhra Bank shared their insights on profit and loss, cash flows, balance sheets and key performance indicators from bankers point of view. The inaugural session was concluded with the vote of thanks by the workshop coordinator Prof. Barada Panigrahy. At the end of the workshop, the startup founders were able to develop their pitch deck, which can be presented to the prospective investors.