Students Given Success Mantras on 'Pitch Deck Preparation', Familiarized with Startup Policy-2022
A very important and enlightening workshop was organized on the premises of Purnia Engineering College, which is proving to be a milestone in the field of technical education in Bihar. Organized under the state government's Department of Industry and Startup Policy, the main theme of this special workshop was 'Pitch Deck Preparation'. The objective of this program was to awaken the spirit of entrepreneurship hidden within the young and ambitious students of the college and train them to transform their innovative business ideas into successful startups. During the workshop, experts taught students foolproof ways to effectively present their projects in front of investors and acquainted them with the nuances of the Bihar Startup Policy-2022.
What Was the Main Objective and Outline of the Workshop?
In the current era, moving beyond the race of traditional jobs, the younger generation is taking steps toward becoming 'Job Providers' (entrepreneurs) instead of 'Job Seekers'. To give wings to this mindset, the outline of this workshop was prepared in the auditorium of Purnia Engineering College.
The program commenced with the lighting of the lamp by the college principal, distinguished guests, and subject experts. On this occasion, administrative officials of the college stated that today's era belongs to technology and startups. If the technical students here think in the right direction, they can build large startups during their studies themselves. The primary objective of this workshop was to teach students how to take a simple business idea off paper and present it before investors in such a way that they immediately agree to invest in it.
What Is a 'Pitch Deck' and How to Make It Effective? Important Tips from Experts
In the main session of the workshop, experts shed detailed light on every single aspect of preparing a 'Pitch Deck'. The main insights provided by the experts include:
Meaning of Pitch Deck: Slides or presentations prepared to present any startup or new business idea concisely and attractively to investors, venture capitalists, or mentors are called a 'Pitch Deck'.
Problem and Its Solution: Experts explained that the best pitch deck is one that first highlights a real problem in society or the market and then clearly presents the unique solution proposed by your startup.
Market Size and Business Model: It is essential to tell investors how large a population's need your product or service will fulfill in the market and how revenue will be generated from it.
Conciseness and Appeal: The presentation should not be too long. Presenting your point effectively in a short time through minimal words and attractive graphics or charts is the hallmark of a successful entrepreneur.
Bihar Startup Policy-2022: A Boon for Youth
The second most important attraction of this workshop was providing detailed information on the Bihar Startup Policy-2022. Experts explained to students how liberal and supportive policies the Bihar government is running to promote startup culture in the state:
Seed Funding: Under the policy, attractive financial assistance and interest-free seed funding of up to 10 lakh rupees are provided by the government to new startups to bring their ideas to the ground.
Support from Incubation Centers: Students were told that they can connect with various incubation centers in the state to receive free mentorship, technical support, and office facilities.
Special Incentives for Women Entrepreneurs: If a woman entrepreneur is a co-founder or main promoter in a startup, additional financial incentives and concessions are provided by the government.
Tremendous Enthusiasm and Participation Shown by Students
Hundreds of students from various semesters of Purnia Engineering College, including Computer Science, Civil, Mechanical, and Electrical, participated in this workshop with great enthusiasm. During the workshop, students discussed their innovative ideas and engaged in a Q&A session with experts. The experts appreciated many of the students' startup ideas and offered them excellent suggestions for the future.
College faculty noted that such events not only expand the intellectual horizon of students but also inspire them to become their own bosses rather than depending on traditional employment options after completing their degrees.
This 'Pitch Deck Preparation' workshop organized at Purnia Engineering College was a complete success. It demonstrated to the youth of Purnia and the Seemanchal region that they, too, can dream big like students in metropolitan cities and fulfill them. The college administration has resolved to organize more such workshops in the coming days so that every student graduating from here can become a successful entrepreneur alongside technical knowledge.
