In an attempt to strengthen the
link between entrepreneur and industry, EFC plans to infuse more funds to
establish 50 Entrepreneur facilitation Centers across the nation. Taking a lead
as economic infrastructure provider ELDIL (EFC Land Development and Infrastructure
Limited), has started a campaign to scaling up these facilitation
centers on 50 other locations in India’s startup hubs like Delhi NCR, Mumbai,
Hyderabad, Ahmadabad & Bangalore.
We believe the best way to protect the future is to create it. The facilitation
centers however work on the reverse model. "The youth comes up with ideas
or a product to whom we provide a platform in the form of infrastructural and service level assistance
and other back-end support to convert that idea into a product," explained
Mr. Umeash Sahhaaii, Founder of ELDIL from his Pune head quarter.
It is a very known fact that various
VC and angel investors from India and abroad are actively investing in Indian
startups. Over $3.84
billion was pumped into the ecosystem in the third quarter of 2015 itself. However,
we have been observing that despite having good investments, many startups
struggle to survive the competition and are eventually forced to shut down
their business due to various internal and external factors in which initial
infrastructure set up is a major cause
The most important problem faced
by an Indian startup is the cost, lack of facilities for day to day operations
and maintenance of location from where it has been launched. India is a place
of varied cultures and taste thus every product might not be welcomed equally
by every region. A survey found out that most of the failed startups attribute
their failure to the lack of operating funds as initial capital has been
consumed in initial set up itself.
Entrepreneur Facilitation Centers (EFC) will support entrepreneurs
across nation with comprehensive Infrastructural,
commercial, technical and legal assistance to help them start up businesses
that apply space technology to non-space industrial, scientific and commercial
fields.
EFC has helped and will continue
in its mission to provide an affordable platform to startups to convert them
into viable businesses and create new
and more jobs by providing support to more than 200 start-ups companies which
have received support till date.
EFC
in India has a history of incubating successful venture one after another. Some
continues to expand within EFC premises and enjoy the services from years and
some others grown up so big that they move out happily into their own premises.
EFC
has continually ensured that its offices count among few of the most
prestigious addresses in Pune.
We have always realized the
importance in giving a helping hand to those who are in need and from
marginalized communities. We aspire to establish ourselves as a compassionate
and responsible corporate entity through the Corporate Social Responsibility
(CSR) initiatives undertaken by us.
This business plan address variety of associated with creating and operating
a technology business in INDIA, It is based on the findings of a comprehensive
market feasibility study FOR Business Incubation opportunities in INDIA conducted
by EFC Land Developer And Infra Structure Limited (ELDIL) a firm with special
expertise in business incubation.
The
proposed mission of the ELDIL is to stimulate the establishment and growth of
technology-based start-up companies and other compatible businesses. By
fulfilling this mission, EFC would contribute to job creation and provide
enhanced economic wealth to the region.
The ELDIL
would provide new and emerging technology and compatible businesses with an
environment that would support their start-up phase and increase their efficiency
of success. EFC facilities includes space, flexible leases, shared use of
common office equipment, direct business assistance and guidance, mentoring,
networking to capital, and other technical resources. A network of existing
resources in the community would be developed to support EFC client needs.
Approximately
five hundred clients at a time would be served within the proposed new EFC. The
facility, proposed at 1000000 square feet, would include a mix of office and
other Business space.
This proposed
EFC as an important tool in the economic development toolkit of the area that
would be a means to create new job opportunities for area residents, create
higher wage jobs, These factors would provide the long-term metrics against
which to measure the success of the EFC.
Once
this business plan is executed, Phase I - the planning phase, will be complete.
Interested parties will need to determine whether or not to proceed into Phase
II - project implementation and resource development.
EFC also involve facilities and
facility-based services that provide clients with appropriate rental space,
flexible leases, shared business services and equipment, technology support
services and assistance in obtaining financing necessary for company growth.
Business assistance and
facility-based services are described more in details below.
Business
Assistance - EFCs accelerate development of emerging companies by providing
hands-on assistance during vulnerable start-up years. Assistance typically
takes in the form of a package of business and technical support services
including guidance and mentoring on business strategy, management, marketing,
financial, legal, and product development issues as well as facilitated exposure
to a know-how to do network of outside business resources and sources of capital.
Facility-Based
Services - Locating entrepreneurs in one facility creates opportunities to
lower costs associated with supporting a new business. EFCs usually provide
office space to a number of complementary businesses. EFC’s offer flexible
leases, shared use of conference rooms, reception and other common areas. EFC
provides an infrastructural support of telephone, local area
network and Internet services along with shared use of basic business equipment
such as copier, fax machine, postage meter and other office equipment. EFC can
give a much-needed visible identity to a new company which help to promote its offerings
and find fund or investment capital from its resources.
EFC India brings infrastructure
and consulting based solutions to the entrepreneurial community with a specific
focus on early stage companies. At our core, we are entrepreneurs and
understand the challenges of launching a startup. We realize that every rupee
at the beginning stages is critical and we know how to use limited resources
most effectively. We expect that when working with us you are committed to a
plan that you can clearly articulate, support, and execute on, given the right
tools. Having a realistic and passionate mindset about your venture combined
with some level of expertise, helps. We fill in the gaps.
