Bihar Entrepreneur Network: An Idea Whose Time Has Come

Friends,

For last few weeks we have been dicussion several ideas with some of you and we also had several conference calls on Skype, the outcome is following:

1) To establish a BIHAR ENTREPRENEUR NETWORK or BEN (something like TIE http://www.tie.org/)
BEN’s mission is to foster entrepreneurship among BIHARI community through mentoring, networking, and education. Dedicated to the virtuous cycle of wealth creation and giving back to the community, BEN’s focus is on generating and nurturing our current and next generation of entrepreneurs.

2) To Conduct an ENTREPRENUER conference in Bodh Gaya in April to foster entrepreneurship, share learnings with first generation entrepreneurs and promote Bihar as Brand for Business, this will be under joint sponsorship of Bihar Society Govt. of Bihar ( confirmation awaited). The original IDEA to have this conference is of Naveen jee (http://www.facebook.com/profile.php?id=650349891) and Ankit (http://www.facebook.com/ankit.gle).

This conference will also be the Launch pad for the BEN.

3) To have a BEN-NASSCOM event in PATNA in 2011- This event will be considered after successsful completion of BEN conference and formal launch of BEN.( Abhishek Kumar Singh is owning these job fair project and more details will be shared later)

4) TO organise an online Job Fair and a physical job fair at Patna ( Abhishek Kumar Singh is owning these job fair project and more details will be shared later).

4) To Establish a Venture Capital Fund which will be called BIHAR ANGEL NETWORK (BAN) to promote, finance for excpansion or to finance seed capital to current and future BIHARI enteprenuers.

Atul (http://www.facebook.com/atultech) and I have agreed to take a lead and any one of you can join in this initiative. BAN will be promoted as a company and any one willing to contribute towards the Fund will be a shareholder. Corporate and other structure will be shared with the interested members on one to one basis. Since we are very particulat about success of the BAN, we would be very selective in choosing our shareholders…a committment and passion for doing something good for Bihar should be Paramount.

TO start with we have committed following amounts and I am listing it below: If any one of you would like to chip in as shareholder in the Venture Fund ( BAN) then please feel free to add your name and the seed capital you would like to put.

1) Atul Kumar – USD 5000
2) Santosh Pandey – USD 5000

The Idea is to start with a seed capital of USD 100K and grow from there. We are also in touch with some Angel Investor and might get some big or moderate funding to start with.

If you want any more details on any of the above matters please feel free to get in touch with :

1) Ankit
2) Atul
3) Naveen

Santosh Pandey