Job market is not lucrative. Entrepreneurship is compelling
There are four worrying trends affecting employment of freshers. As quoted by Mohandas Pai, former CFO of Infosys, they are
Developing entrepreneurship will soon become a core offering of educational institutions. It will start supplementing campus recruitment in next couple of years and will become the mainstay down the line.
Ideation to revenues & profits in 18 months
PeerMentor entrepreneurship program is a 12-18 month opt-in for students and professors. Here, we follow PeerMentor approach and principles for incubation. In all the startups, as a peer, we will work as co-founders. Post the program, we will be mentors to these organizations.
We will take 5% of equity of the companies incubated as the fee for the program.
Professors and students jointly make teams and work as teams. On incubation, all members will be co-founders. Equity distribution will be as mutually agreed between team members.
In 18 months, all startups will have revenues and profits.
Our youngest entrepreneurs are still in high school!
We come with over 10 years of low-cost low-risk innovation. We have incubated startups successfully. We have with participants as young as 8-12-year-old kids and helped them invent products. These school kids have ideated, build products and earned revenues and profits.
Peer-Mentor has a unique model where we take part as co-founders in all start-ups. Peer-Mentors fee is 5% of equity. There are no other fees. The structure of this program ensures that Peer-Mentor succeeds only when participants succeed.
Our program is a low cost – zero risk model for colleges and students.
“how and when” of our program
We will go through the PeerMentor execution model over the course of 18 months.
This is a typical flow and timelines. The exact details may change based on type of business and go to market strategy.
Win-win-win for colleges, professors, and students
Sign a MoU, Advertise, shortlist and kick off
Step 1: College and PeerMentor Sign off
Step 2: Shortlist teams
Step 3: Kick off