B-schools prod students to float ventures in weak job market
- Business Standard | 08th Feb'09

As the prospects for campus recruitment turn bleak, leading business schools are promoting entrepreneurship among students.

Mumbai-based SP Jain Institute of Management and Research (SPJIMR) has announced that it will provide initial financial assistance to the tune of Rs 20 lakh to any of its students who wishes to don the entrepreneurial hat.

"With the current problems in the job market, we are looking at promoting entrepreneurship among our students. We will provide them with initial capital and become their partners in the venture. In case the venture succeeds, we will ask for the amount back," said SPJIMR Dean ML Shrikant. The business school has set up an entrepreneurship cell in association with National Entrepreneurship Network.

Last year, around five SPJIMR students decided to opt out of placements to float their own venture. This year, the institute expects around 20 students to go the entrepreneurial way. For the next academic year, SPJIMR plans to recruit 10 students specifically to train them in entrepreneurship on its campus.

Source: http://www.business-standard.com/india/news/b-schools-prod-students-to-float-ventures-in-weak-job-market/00/06/348350/