MANAGING in the

NEW WORLD

The Massachusetts Institute of Technology (MIT) has developed a Venture Mentoring System to act as a training zone for budding entrepreneurs. Ultimately all startups succeed or not depending on ideas. Sometime ideas may be good but the startup may not receive adequate funding. Some investors may be willing yet may ask for tangible proof of success before opening up. This is where VMS steps in. This cell enables the business plan to be whetted by a team of analysts, investors and executives. Rectifications are suggested immediately. Business analysis conducted on this points out to 46% of projects getting flagged off. Nearly a fifth of total projects even got professional backing.

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