IBSEA honors Shreekant Patil Ratna Award on Teachers’ Day 2025 for his role in building startups, uplifting MSMEs, women entrepreneurs & global exporters

From Vision to Reality: How Shreekant Patil is Building the Startup Ecosystem in Nashik & Maharashtra

On the occasion of National Startup Day 2025, it’s inspiring to reflect on the immense contribution startups like Shreekant Patil’s have made, not just to the economy, but also to social development. A true testament to the spirit of giving back to society through innovation and community-focused initiatives.

In recent years, Nashik and the rest of Maharashtra have experienced a remarkable growth in entrepreneurial ventures, a transformation largely fueled by the relentless work of Shreekant Patil. As an accomplished entrepreneur, mentor, and advocate for sustainable business practices, Shreekant has played a pivotal role in cultivating a dynamic startup ecosystem. His collaborations with educational institutions, Startups, Venture Capitals, Investors, MSMEs, and government initiatives have contributed to a thriving entrepreneurial culture across the region.

Shreekant Patil: A Journey of Innovation and Empowerment

A Visionary Entrepreneur and Mentor

Shreekant Patil’s entrepreneurial journey is marked by his perseverance and vision. Beginning as a small-town electrical engineer, he transitioned into entrepreneurship in 2004 by founding PARENTNashik, a company specializing in robotic welding consumables and parts. Also he startup one startup MSME Help recently. Over time, his vision broadened to creating a comprehensive entrepreneurial ecosystem, guiding startups, MSMEs Support, and aspiring business leaders toward success in Nashik, Maharashtra.

He has become a leading official startup mentor through his involvement in government of India initiatives like BHASKAR, MAARG, Startup India, Stand-Up India, chief mentor at STPI, and MeitY Startup Hub, & 8 state government in India providing invaluable guidance on navigating government subsidy schemes, securing financial support, and embracing digital transformation. Shreekant’s influence spans borders, supporting entrepreneurs in countries including India, the UAE, USA, Singapore, and Europe. His strategic insights on business development, export strategies, and digital marketing have helped startups scale and compete globally.

Shaping Nashik and Maharashtra’s Startup Ecosystem

Mentorship & Capacity Building

In 2022, Shreekant initiated efforts to create a robust startup ecosystem in Nashik and Maharashtra. His work has included forging connections between emerging businesses and industry leaders, government bodies, and international markets. Shreekant has focused on engaging local educational institutions — engineering colleges, arts, commerce, pharmacy, law, architecture, and science colleges, girls’ college, universities, ITIs, and more — helping students cultivate an entrepreneurial mindset and providing opportunities for startups to thrive.

Shreekant’s collaborations with key organizations such as NIMA (Nashik Industries Manufacturers Association), AIMA (Ambad Industries Manufacturers Association), Laghu Udyog Bharati, and the Maharashtra Chamber of Commerce, Industry, and Agriculture (MACCIA) have been instrumental in accelerating startup growth & creating startup ecosystem in Nashik. Through various workshops, seed funding awareness programs, linkages to various incubation centres on national & international level, registration of startups for DPIIT certificate, establishment of skill centre, incubation centre at college campus and faculty development programmes, these partnerships have provided valuable resources for emerging entrepreneurs and various colleges in Nashik & Maharashtra.

As Committee chairman of the NIMA Startup Hub and Maharashtra Chamber of Commerce, Shreekant has been a driving force behind the creation of over 120 startups in just two years. Through seed funding, government subsidies, and expert mentorship, these businesses have been able to scale effectively. Shreekant has also facilitated more than 5 crore rupees in seed funding, enabling startups across India to access critical resources and government schemes like PMEGP, CMEGP, CGTMSE, NSIC, MOPFI, MSE-CDP, ESDP, ATI, PMS, ZED, LEAN, IC, PM Vishwakarma, SRI, IPR, MSME Samadhan, MSME Support and Stand-Up India etc.

Empowering MSMEs, Women Entrepreneurs, and Digital Transformation

Shreekant Patil’s approach to fostering entrepreneurship emphasizes inclusivity, particularly focusing on MSMEs and women entrepreneurs. Through initiatives like Stand-Up India, Udyami Mitra, and Assist Stand-Up India (SUI), he has helped marginalized groups — especially women and SC/ST entrepreneurs — secure the resources and support they need to grow their businesses.

A strong advocate for gender equality, Shreekant has played a key role in initiatives such as Udyam Disha and the Women Entrepreneurship Platform (WEP) under G20. His leadership has directly supported women-led startups in securing funding and navigating business development challenges. As a CCC (Customer Credit Counselor) and Facilitator at SIDBI, he assists MSMEs and women entrepreneurs with the document verification process for loan applications. Through his support, over 100 women in Nashik have successfully accessed various Govt. subsidy schemes and loans to establish their businesses, with some even expanding into exports.

Digital transformation is another cornerstone of Shreekant’s mentorship. He has helped numerous businesses adopt digital marketing, e-commerce, and international export strategies, allowing them to compete globally. Shreekant advocates for MSMEs to embrace technology, enhancing operational efficiency and expanding their market reach. Assisted over 100 MSMEs, startups, and women entrepreneurs in onboarding government initiatives such as ONDC, MSMEMart, and the Indian Trade Portal. He also facilitated connections with trade promotion councils like EEPC, SEPC, and APEDA, and organized seminars and workshops in collaboration with government officials to support business growth and global expansion.

Capacity Building and Infrastructure — Ecosystem for Startup Growth

Shreekant Patil’s contributions extend beyond mentorship to the creation of essential infrastructure for startups. Through collaborations with over 50 colleges and skill centers across Maharashtra, he has played a key role in establishing incubation centers, FDP, innovation councils, and EDP, startup cells as per University guidelines that foster entrepreneurial growth & creating startup ecosystem at college campus & Nashik.

Shreekant’s contributions to academia and entrepreneurship education are equally noteworthy. He serves as a startup mentor at various institutions, including IIT Bombay and Baylor University, playing a crucial role in shaping the academic landscape for future entrepreneurs. His involvement in government initiatives, such as Skill India and the National Skill Development Corporation (NSDC), further highlights his dedication to developing a skilled workforce.

One of his notable achievements is his involvement in the implementation of the National Education Policy (NEP) 2020 in Maharashtra. By integrating entrepreneurship into academic curricula, Shreekant has ensured that students are better equipped to launch their own businesses. His efforts in faculty development program — How to build a startup ecosystem in campus and entrepreneurship education have laid the groundwork for the next generation of entrepreneurs.

Additionally, Shreekant Patil has helped local MSMEs connect with export promotion councils like ITC, EEPC, SEPC, and APEDA, facilitating access to govt. schemes, incentives and international markets. His work in fostering export opportunities has positioned Nashik’s startups as global contenders, enhancing their competitiveness on the international stage associated with various entities in USA, Europe & Middle East.

Leadership Roles and National International Recognition

CE Shreekant Patil is founder at PARENTNashik, (100 % Export to Europe), Chartered Engineer with DGFT, Valuer, with 30 years of industrial experience now Mentor at Govt of India Initiatives: MAARG, BHASKAR, Startup India Mentor, WEP, STPI, BIRAC, AYE, MeitY Startup Hub, IIT Bombay, IIT Madras, Certified LEAN, ZED, Consultant, Euro Exim Bank, AfDB, Asian Development Bank, SIDBI, United Nations, European Commissions, Registered (Govt of India) Trainer, Assessor at NSDC (Skill India), PoP at UGC, Volunteer Startup Mentor at AICTE — Vidyanjali Programme, Independent Director, Niryat Bandhu, Udyami Mitra at Khadi India, Associated with EEPC, SEPC, APEDA, member at International Trade Council — Business for innovation & technology, member, reviewer, mentor at Asian Council of Science Editors, IFERP, Global Harmonization Initiative, Cluster collaboration- EU, mentor at MentorMe program of European Institute of Innovation and Technology (EIT), Sustainability Ambassador for UNSDG — SPSC.

Shreekant’s influence extends to numerous prestigious organizations. In 2023, he was appointed Chairman of the Startup Committee at the NIMA Startup Hub, where he has actively fostered entrepreneurship and innovation in Nashik, Maharashtra. His leadership roles at the Maharashtra Chamber of Commerce and Industry, the International Business Startup Entrepreneurs Association (IBSEA), and other esteemed organizations underscore his commitment to advancing the startup ecosystem.

Shreekant Patil’s Impact on Sustainability and the Global Startup Ecosystem

Advocating for Global Trade

Shreekant Patil’s influence reaches beyond entrepreneurship into the global arena of sustainability. Recently appointed as the Sustainability Ambassador for UN SDGs in India, Shreekant is leading efforts to encourage sustainable business practices among startups. His collaboration with international organizations such as the United Nations Volunteers (UNV), World Economic Forum (WEF), and European Bank for Reconstruction and Development (EBRD) has solidified his reputation as a thought leader in sustainable development.

Shreekant has established a global supply chain across the Middle East, Europe, and the USA in alignment with DGFT policy guidelines. He has helped Indian startups, MSMEs, and women entrepreneurs enhance the export of “Made in India” products. Additionally, he has organized B2B meetings with foreign delegates in Nashik, Maharashtra, aimed at boosting exports.

As a Chartered Engineer, Shreekant Patil assists exporters with export documentation, trade finance, and the coordination of incentives through various trade promotion councils. He actively encourages MSMEs to participate in international exhibitions and to take advantage of the Government of India’s International Cooperation (IC) MSME scheme, which reimburses expenses incurred during trade fairs.

Shreekant’s extensive network has allowed him to mentor startups in regions across the globe, from the UAE and USA to Europe and Singapore. His leadership has facilitated knowledge exchange, trade, and investment across borders, positioning India as a key player in the global startup ecosystem.

A Legacy of Empowerment and Innovation

Shreekant Patil’s mentor for startups journey underscores the transformative power of mentorship, perseverance, and innovation. His dedication to fostering startups, MSMEs, and women entrepreneurs has helped create a thriving entrepreneurial ecosystem in Nashik and Maharashtra. Through his work with government initiatives, industry associations, and educational institutions, Shreekant continues to be a key catalyst in the region’s entrepreneurial success.

His commitment to India’s vision of Atmanirbhar Bharat (Self-Reliant India) and Viksit Bharat (Developed India) exemplifies his belief in the potential of Indian startup, MSME & entrepreneurship. With a mission to create a thriving entrepreneurial & startup ecosystem in Nashik — Maharashtra, Shreekant Patil exemplifies how one individual’s dedication can lead to the growth of an entire community, fostering an ecosystem where dreams can flourish and innovation knows no bounds.

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Important Press Release links for Reference:

Empower Entrepreneurs

My mission is to empower aspiring entrepreneurs, students, women, by providing guidance on government schemes, startup…

msmehelp.hashnode.dev

CE Shreekant Patil | Substack

CE Shreekant Patil is founder at PARENTNashik, mentor at Govt of India Initiatives BHASKAR, Startup India, WEP, STPI…

substack.com

Thinkers360

CE Shreekant Patil - Thought Leader Profile, Portfolio and Media kit.

www.thinkers360.com

➤ https://medium.com/@shreekant-patil-mentor

➤ https://www.pr.com/company-profile/press-releases/508223

➤ https://www.openpr.com/news/1871348/

➤ https://www.pressreleasepoint.com/user/84597/tracker

➤ https://www.google.com/search?q=shreekant+patil+site:menafn.com

➤ https://www.1888pressrelease.com/paramount-enterprises-269019 company-pr.html

➤ https://www.prlog.org/search.html?q=parentnashik

➤ https://prfree.org/@parentnashik

➤ https://supplychainreport.org/shreekant-patil-highlights

➤ https://www.einpresswire.com/article/710954214/shreekant-patil highlights-government-schemes-for-export-growth-at-uae-indiaconference

➤ https://www.google.com/search?q=Shreekant+Patil+Mentor

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How Shreekant Patil Went from Small Town Engineer to Global Business Mentor: An Inspiring Success Journey

 In the business sector, Shreekant Patil is a vibrant entrepreneur and seasoned professional with over 30 years of experience. He is an ideal role model of perseverance, creativity, and mentoring. He is a successful entrepreneur, a chartered engineer, and a mentor to startups and MSMEs, enabling the next generation of business people in India as well as around the world. Shreekant, the founder of PARENTNashik (Paramount Enterprises), a well-known manufacturing and exporting company, has encouraged many people to pursue their goals and take risks in business through his entrepreneurial path from a small-town electrical engineer to a global business mentor. His contributions include a wide range of fields, including government initiatives, digital marketing, manufacturing, and entrepreneurship. Recently Shreekant has been appointed as Sustainability Ambassador for United Nations SDGs in India. 

A Journey Rooted in Passion and Perseverance

The story of Shreekant Patil started in a small town, where he encountered numerous obstacles but fought to enable them define who he was. Shreekant worked for a corporation for ten years after earning his degree in electrical engineering, during which time he acquired priceless mechanical knowledge. He was able to deal with the complex world of business and industry due to his extensive skill set, which included everything from handling accounts to utilizing precision tools & instruments like vernier calipers and micrometers etc.

However, the turning point in his life was pushed on through the sudden demise of his father in 2003. His father, who was his greatest supporter and a source of strength, had always urged him to stand out from the crowd and came up with something significant. This guidance served as the cornerstone of Shreekant's business endeavors. With his wife Sneha Patil by his side, he entered the business sector in 2004 after being inspired by his father's knowledge. Together, they established PARENTNashik, a modest company that would eventually become well-known in the exporting and manufacturing industries.

Building a Renowned Brand: PARENTNashik

PARENTNashik, under the leadership of Shreekant Patil, specializes in manufacturing and exporting robotic spot welding consumables and parts. His dedication to quality and innovation transformed the company from a humble venture into a global player in the automotive manufacturing sector. Through the application of cost-effective techniques and world-class manufacturing processes, Shreekant developed over 300 parts, including copper alloy and other specialized materials. His dream of supplying parts to the world’s #1 car manufacturer was realized in 2014, marking a significant milestone in his career.

Shreekant’s relentless focus on customer satisfaction, technological innovation, and a skilled workforce helped the company establish a strong presence in international markets, exporting to over seven countries across Europe, the USA, and the Middle East. His success story is a testament to the power of perseverance, continuous learning, and unwavering belief in one’s vision. He has been awarded by national & international level for his quality work & passion.

A Passion for Mentoring and Empowering Entrepreneurs

Shreekant’s entrepreneurial drive goes beyond managing a thriving business; he is deeply committed to supporting society by mentoring and advising aspiring entrepreneurs. He contributes as a official mentor at numerous esteemed platforms, including Startup India (Government of India) , BHASKAR MAARG, STPI and MeitY Startup Hub, among others. His mentoring efforts span various regions, including India, the UAE, the USA, Singapore, and Europe, where he has been instrumental in shaping the trajectory of startups and MSMEs.

As a mentor, Shreekant emphasizes offering support in fields such as digital marketing, export strategies, business development, and operational scaling. He is convinced that enabling entrepreneurs is essential for fostering a sustainable and prosperous ecosystem that can stimulate economic expansion. His background in government programs and subsidies for MSMEs, along with his knowledge of digital transformation, has assisted numerous startups in establishing their presence and flourishing in competitive international markets.

Championing the Growth of MSMEs and Women Entrepreneurs

Shreekant Patil is a dedicated supporter of the growth of Micro, Small, and Medium Enterprises (MSMEs) as well as women entrepreneurs. His initiatives to foster entrepreneurship in India are firmly based on his dedication to aiding marginalized groups, particularly women and SC/ST entrepreneurs. As a mentor for programs like Stand-Up India and Udyami Mitra, Shreekant guides entrepreneurs in understanding government schemes, accessing funding, and advancing their businesses effectively.

His commitment to empowering women entrepreneurs is evident through his participation in the Assist Stand-Up India (SUI) scheme and Udyam Disha, where he actively aids women-led startups. Shreekant’s promotion of gender equality and the empowerment of women goes beyond mentorship; he is also engaged in efforts that advocate for the inclusion of women in industrial and technical sectors.

Leadership Roles and National Recognition

Shreekant’s leadership extends to many prestigious organizations, where he holds influential positions. In 2023, he was appointed as the Chairman of the Startup Committee at the NIMA Startup Hub, where he helped develop more than 120 entrepreneurs and startups, and provided them with seed money and guidance in government programs with Support, a former they were not there

Participates in Maharashtra Chamber of Commerce and Industry and Agriculture (MACCIA), MSME and Indian Chamber of Commerce and Industry (MSMECCII), and many international organizations as Chairman of Global Forum for Industrial Development (GFID) Maharashtra, Asia Africa Chamber of Commerce -As Advisory Council of the Association of (AACCI), Indo-American Chamber of Trade His role as a founding member of the Nashik chapter also reflects his leadership both nationally and internationally.

Shaping the Future of Startups and Innovation - Building Dreams, Empowering Entrepreneurs

In addition to his leadership and leadership roles, Shreekant is deeply involved in the academic and intellectual development of the next generation of practitioners. He startup mentor at AICTE, E-Cell, IIT Bombay (Eureka 2023,2024) TTMM, IIT Madars, JIT Nashik Research Institute , Late G.N. Sapakal College of Engineering, Baylor University - USA and many others in India, EU & USA. Through his contributions to innovation councils and entrepreneurship development cells, Shreekant plays a key role in shaping the future of entrepreneurship education in India.

His involvement in various government initiatives including Invest India, Khadi India ONDC, MSME, SCST Hub, ZED MSME, LEAN MSME, WEP – G20, MeitY, DGFT, DIC, MCED, Startup India, National Skill Development Corporation (NSDC) and Skill India reaffirms his commitment to develop skilled workforce and promote entrepreneurship His work with international organizations such as United Nations Volunteers (UNV) and World Economic Forum - uplink forum is held to promote employment and sustainability business practices Emphasize global impact.

A Global Advocate for Digital Transformation and Exports

Shreekant’s vision for the future is closely linked to digital transformation and global business expansion. He believes that MSME start-ups need to embrace digital tools and global supply chains to compete in today’s interconnected world. His efforts in promoting digital marketing, e-commerce and logistics strategies have helped many businesses scale up and enter international markets.

As a perennial financial and digital transformation advisor, Shreekant is at the forefront of helping businesses navigate complex global business and digital ecosystems His role as an advisor to organizations such as the European Bank for Reconstruction and Development (EBRD), Euro Exim Bank, Asian Development Bank, AfDB, CEET, DFAT, United Nations Global Marketplace, European Institute of Innovation and Technology (EIT), member at International Trade Council – Business for innovation & technology, Global Harmonization Initiative, Cluster collaboration- EU and the United Nations Development Program (UNDP) emphasize its commitment to global trade innovation. He is also coordinator to various trade councils in India & various countries. He is helping nation creating many exporters in India providing them various government incentives & govt schemes to empower exporters.

Personal Philosophy and Legacy

At the heart of Shreekant’s journey is his personal philosophy of “simple living, great self-motivated character and big dreams”. He believes that true success lies in the ability to constantly learn, adapt and adapt to changing circumstances. Its mission is to create an ecosystem that supports start-up entrepreneurs and MSMEs, enabling them to grow and succeed through mentorship, access to resources and empowerment

As Shreekant continues to inspire and mentor entrepreneurs around the world, his story remains a powerful reminder that with passion, perseverance and dedication to good work, anyone can turn their dreams into reality. His unwavering dedication to helping others succeed ensures that his legacy continues to build the future of entrepreneurship for generations to come.

A Vision for the Future: Crafting Success Across Borders

Shreekant Patil's remarkable journey from small town engineer to renowned entrepreneur, official mentor at MAARG, BHASKAR Startup (Govt of India) & various states government in India, countries and international consultant at European Union, PoP at UGC, Volunteer Startup Mentor at AICTE – Vidyanjali Programme, Independent Director, Valuer, Niryat Bandhu, Udyami Mitra at Khadi India, , member, reviewer, mentor at Asian Council of Science Editors, IFERP, advisor & sustainability ambassador for UN SDGs in India by SPSC is a testament to his vision, dedication and passion for empowering others His contribution to grassroots creation a livelihoods, Startups, SMEs, MSMEs and women in entrepreneurship have had a lasting impact in India and around the world. With a mission to create a thriving startup ecosystem, support entrepreneurs and promote digital transformation, Shreekant’s business is paving the way for a new generation of business leaders to drive innovation, growth and positive change around the world.

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Are You a Visionary Startup Founder Seeking a Game-Changing Platform to Showcase Your Ideas?

As a mentor at IIT Bombay – E-cell Bombay, I am excited to present an unparalleled opportunity for entrepreneurs: CE Shreekant Patil

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In just 10 minutes, showcase your vision and innovation to a distinguished panel of investors, network with industry leaders, and gain unmatched exposure. In previous editions, TTMM reached a nationwide audience through live streaming on JioTV and OTT Play, attracting over 3,500 attendees—making it a premier platform for startup founders.

The deadline for registration is the 3rd of Jan, 2025 and the final event will take place during E-Summit 2025 at @iitbombay_ecell Bombay on the 1st and 2nd of February. Participation is open to all; no prerequisites or fees.


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Teaser: “Research and innovation are key drivers in realizing India's vision of Atmanirbhar Bharat and Viksit Bharat. By transforming academic discoveries into entrepreneurial ventures, researchers can lead India's growth towards self-reliance and global leadership."

The importance of academics, particularly those with PhDs or registered patents, has never been greater in the quickly changing global economy of today. When researchers' vast knowledge and inventiveness are turned into successful entrepreneurial endeavors, they have the potential to change the world. In addition to advancing their own careers, academics can significantly contribute to India's expanding entrepreneurial environment by turning their academic research into actual businesses, or micro, small, and medium enterprises (MSMEs). This is particularly important for achieving the aspirational national goals of Atmanirbhar Bharat and Viksit Bharat, which mostly depend on domestic innovation and research-based entrepreneurship.

 The Potential of Research-Based Entrepreneurship in Atmanirbhar Bharat

Atmanirbhar Bharat's Research-Based Entrepreneurship Potential

Utilizing national resources, fostering innovation, and reducing dependencies on foreign technology are an essential component of India's objective of becoming Atmanirbhar Bharat. Research and development is crucial to this independence since it can lead to indigenous solutions for regional and global problems.

Research often yields ground-breaking findings and innovations that could address critical challenges in the real world. But bridging the gaps between their academic work and the business community often an ongoing challenge for many academicians. An entrepreneurial mindset is quite useful in such a scenario. By evaluating market requirements and aligning their innovations with national priorities such sustainability, safety, health, and clean energy, researchers could propel Atmanirbhar Bharat.

In such a scenario, a patent is an effective instrument. It not only secures intellectual property but also enhances an idea's legitimacy in the marketplace. The journey from research to entrepreneurship might seem challenging to researchers and PhD holders, but the benefits are significant. Research that is properly commercialized might result in innovative products, services, or even entire industries, which boosts the economy and creates jobs. In this way, India can develop a robust, independent economy powered by its own citizens and technology.

 Viksit Bharat: Research and Innovation as Pillars of Development

Innovation and research must be at the core of India's growth strategy if it is to effectively evolve into a ViksitBharat. By fostering a strong ecosystem of research-based entrepreneurship, India may thrive national, globally and contribute national solutions for challenges in sectors like healthcare and agriculture.

 India's development depends on addressing concern challanges such food security, environmental sustainability, healthcare accessibility, agriculture, and energy efficiency, all of which can be addressed by research and innovation. India can develop new industries that meet the demands of its quickly expanding economy by turning scholarly research into profitable business projects, ensuring that the benefits of innovation are recognized across the country.

 Building a Supportive Ecosystem for Researchers and Entrepreneurs

 Creating ecosystem which encourages collaboration between academia and industry is crucial in achieving the objectives of Atmanirbhar Bharat and Viksit Bharat. Universities, government organizations , and research institutes must collaborate to offer grants, financial resources, and mentorship to academics who are interested in creating their own businesses.

 This environment that encourages collaboration can be seen by government initiatives like Startup India, Make in India, and various state-level initiatives providing ecosystem for connecting entrepreneurs with training programs, investors, and mentors. Such initiatives serve as crucial for accelerating the commercialization of innovative ideas and bridging the gap between industry and research. To promote and empower researchers and innovators to bring their discoveries from the lab to the market, local and regional entrepreneurship networks can improve awareness and resource accessibility.

 Steps to Transform Research into Business

 1.Identify Market Needs: To start, collect data regarding customer needs and market gaps that your research will address. This step is vital for ensuring that your ideas meet practical needs, particularly those related to national priorities for self-reliance.

2. Develop a Business Plan: A meticulously developed business plan should include your operations strategy, revenue model, target market, and vision. This strategy is crucial when looking for finance because it serves as a roadmap for your business.

3. Leverage University Resources: Numerous academic institutions provide resources to assist entrepreneurs, including financial access, incubators, and accelerators. These materials should be used by researchers to improve their business plans and find mentors.

4. Safeguard Your Intellectual Property: Make sure that copyrights or patents are in place to protect your research. This enhances the value of your business proposition whilst also protecting your innovations.

5. Build a Team: Create a team, group comprising individuals with expertise in marketing, finance, business development, and research. Your chances of success are increased with a diverse workforce, particularly while developing your company.

6. Seek funding: Look into different types of financial sources, such as angel investors, venture capital, and government grants. The government's efforts to foster domestic inventions through initiatives like Atmanirbhar Bharat may open up fresh opportunities for cooperation.

7. Iterate and Adapt: Adaptability and the willingness change response to the market one's strategic plan in feedback and evolving circumstances are often necessary for navigating the journey. The secret to overcoming the challenges of starting a business is flexibility. In order to promote research and creativity, India has seen the implementation series of innovative a projects and schemes that offer not only financial support but also networking, mentorship, and facility access opportunities.

Here are some of the recent initiatives and schemes launched to encourage research and innovation in India, they provide not only financial backing but also infrastructure, mentorship, and networking opportunities.

Anusandhan National Research Foundation (ANRF)

Startup India Initiative

Atal New India Challenge 2.0

Technology Development Board (TDB)

Startup Grants - NIDHI Programme

PM Gati Shakti - National Master Plan

Biotechnology Industry Research Assistance

Science, Technology, and Innovation Policy 2020

Government Initiatives | Indian Council of Medical Research

Swavalamban

AICTE Research & Innovations Development schemes

AICTE Research Promotion Scheme

 "If researchers require industry support for their research and innovation, they can visit https://manthan.gov.in , a government of India platform where MSMEs are empanelled to assist in transforming academic ideas into market-ready solutions."

 Conclusion -

 In order to propel innovation and economic development in India, the switch from researcher to entrepreneur is not only feasible but also crucial. Researchers can help achieve Atmanirbhar Bharat and Viksit Bharat by leveraging their special talents and perspectives to create MSMEs and SMEs that benefit their communities as well as themselves. The moment has come for researchers to enter the entrepreneurial profession as India aspires to become a global leader. Seize the chance and allow your research to help shape the future of national development and corporate innovation.

Article by : CE Shreekant Patil : He is founder at PARENTNashik, Researcher, Consultant, Mentor at Startup India (Govt of India Initiative), AICTE, UGC - Helping to create startup, entrepreneurs, empower women, Advisory Member of ACSE, IFERP 

Indian Micro, Small, and Medium Enterprises (MSMEs) and traders have a crucial role to play in becoming exporters against the backdrop of the global scenario and the Indian government's vision for 2047. The demand for Indian products and services in the global market is increasing, providing substantial opportunities for MSMEs. Through exports, MSMEs can establish their products on a global platform, leading to business growth and economic stability.

The Indian government is developing the concept of an Atmanirbhar Bharat (Self-Reliant India) by 2047, which places significant emphasis on the development of MSMEs. Through exports, MSMEs can empower local industries to compete globally. Additionally, as the demand for quality products rises globally, MSMEs have the opportunity to improve the quality of their offerings.

Therefore, there is a need to enhance the export capabilities of MSMEs within the framework of India's vision for 2047, which will foster the country’s economic stability and growth. For MSMEs, exports represent a golden opportunity to establish a presence in international markets.

India's economy is on the rise, and the export sector holds great potential. Understanding the processes and government subsidy schemes necessary to become an exporter is vital. In this article, we will explore various government schemes that will be beneficial for aspiring exporters.

1. What is an Exporter?

An exporter is an individual or entity that sells goods or services outside the country. Engaging in the export industry not only fosters business growth but also improves the country’s economic condition by generating foreign exchange. This allows your products to gain a foothold in the global market. However, this process comes with various challenges, requiring adequate knowledge and resources.

2. The Process of Becoming an Exporter

A. Choosing a Business / Product / Service:

Select a suitable product or service for your business. Consider whether this product is popular in the global market. Also, take into account your expertise in the particular product. When choosing a business, it’s essential to consider market trends and consumer preferences.

B. Market Research

Study the demand, competition, consumer preferences, and other critical factors in the international market. Think about which countries you plan to export to. Understanding market trends and needs will enable you to grow your business more effectively, helping you make informed decisions.

C. Export Registration

You need to register as an exporter. For this, you must obtain a registration certificate from at least one trade ministry. This certificate is necessary for the legality of your business. After completing the registration process, you can formally start your export business.

 3. Government Subsidy Schemes

A. Capital Subsidy-

Credit Linked Capital Subsidy Scheme (CLCSS): This scheme aims to facilitate capital for small and medium enterprises. The government provides a subsidy of up to 25% on the infrastructure required for your business. This makes it easier for you to acquire modern equipment and integrate new technologies into your operations.

B. First Time Exporter Scheme-

Market Access Initiative (MAI): This initiative is designed to assist first-time exporters. It provides training to understand various stages of the export process and offers financial support for marketing efforts. This helps your business gain international access.

C. Export Development Scheme-

Niryat Bandhu Scheme: Under this scheme, exporters receive grants for technology enhancement, marketing, and quality control. This can lead to increased global recognition for your products, along with guidance on necessary resources for your export business, including training programs and workshops.

D. Export Credit Guarantee Corporation (ECGC)-

ECGC Export Credit Insurance: ECGC helps exporters face various risks by providing protection against non-payment risks. This offers exporters a sense of security in the international market, helping to mitigate financial losses in case of defaults.

4. International Cooperation Schemes

Trade Facilitation Measures: The Indian government implements various cooperation schemes to promote international trade. These initiatives provide exporters with essential information, guidance, and resources to access global markets. They include trade fairs, workshops, and consultancy services, helping you compete on a global level.

5. Trade Exhibitions

India Trade Promotion Organisation (ITPO): The government organizes various international trade exhibitions. Participating in these events gives you the opportunity to showcase your products on a global platform, allowing you to interact with potential customers. Such exhibitions help you build a significant professional network for your business.

6. Trade and Craft Training

Export Promotion Councils: These councils offer training on various aspects of the export process. Topics covered include export policies, documentation, and international regulations. This training inspires greater confidence in the export process, preparing you to make informed decisions for your business.

 7. Documents Required for Export

Exporters need to prepare several essential documents:

Ø  Permits and Registrations: Necessary licenses and registration certificates for export.

Ø  Commercial Invoice: The invoice sent to the customer.

Ø  Packing List: A list of the packed goods.

Ø  Shipping Documents: Documents required when shipping goods.

8. Methodology for Export

A. Product Preparation

Ensure the quality of your products. Verify that all standards are met, and understand the rules for packing and labelling. This will enhance the acceptability of your products in the global market.

B. Marketing Strategy

Determine how to sell your product in the international market. Utilize digital marketing, social media, and other channels. Effectively showcase the benefits and features of your product to increase demand.

C. Distribution System

Decide how your products will be distributed. Use international shipping companies to ensure safe delivery to customers. Maintain a well-planned distribution strategy to avoid any bottlenecks, which builds customer trust.

Additional Government Schemes for Exporters

Ø  Focus Market Scheme (FMS)

Ø  Merchandise Exports from India Scheme (MEIS)

Ø  Service Exports from India Scheme (SEIS)

Ø  Trade Facilitation Measures

Ø  Duty Drawback Scheme

Ø  Export Development Fund

Ø  Integrated Textile Parks (ITPs)

Becoming an exporter is part of a long-term process, but with the right information, the utilization of government schemes, and continuous effort, you can succeed. By leveraging various government subsidy schemes, you can expand your business on a global scale. Preparation, strategic planning, and appropriate guidance are essential. If you wish to initiate this journey in international trade, contact the AIMA Office promptly.

Article by CE Shreekant Patil :

Founder at PARENTNashik, Chartered Engineer, Startup India Mentor, Certified LEAN MSME Consultant, Official Trade finance consultant at Euro Exim Bank, European Union, AfDB, ADB, EBRD (Europe).

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