Session on “Exploring MSME Funding Opportunities for Emerging Entrepreneurs”

On 07.01.2025 a session was organized on the title “Exploring MSME Funding Opportunities for Emerging Entrepreneurs” by the EDII TN in association with Entrepreneurship Development Cell and Electronics and Communication Engineering department. The session was handled by Dr. R Prem Ananth, IIC Convener, IIC Innovation Ambassador for "Design thinking & Innovations", Assistant professor, Francis Xavier Engineering College. 60 students and 2 faculties participated in the program. This event was coordinated by Mr.Pradeep T Rajan, Assistant Professor, Department of ECE, Francis Xavier Engineering College.

The speaker began the session by emphasizing the significance of innovation in entrepreneurship, using Airbnb as a prime example. He described how Airbnb transformed the hospitality industry by leveraging the concept of collaborative consumption and the sharing economy. He highlighted that Airbnb's success lies in its innovative business model, which connects travelers with hosts offering unique and affordable accommodation options. This disruption in the traditional hospitality market demonstrated how creative thinking and resource optimization could generate new opportunities for entrepreneurs. Airbnb’s journey served as a case study to inspire students to think beyond conventional solutions and explore innovative ways to address gaps in the market.

The speaker proceeded to discuss various MSME (Micro, Small, and Medium Enterprises) funding opportunities available to emerging entrepreneurs in India. These schemes, initiated by the Government of India, aim to provide financial support and foster entrepreneurship across diverse sectors.