MentorEdge is Pan India initiative which bridges a very important gap in the entrepreneurial ecosystem, that of providing hand-holding, mentoring and networking support to aspiring and established entrepreneurs. It is a structured network of mentors and experts aimed at helping entrepreneurs get the winning edge through advisory support on various strategic and operational decisions.
MentorEdge helps create synergistic relationship between mentors and mentees. Initiated by Centre for Innovation Incubation and Entrepreneurship (CIIE) in October 2009, MentorEdge has received immense interest from mentors and mentees alike.
The nature of mentoring can vary across startups/mentors and over time. It can potentially encompass:
- Advice on startup related strategic and operational issues across areas like business model/plan, startup team, funding options, scaling up, handling issues among founding team etc.
- Access to contacts for sales, recruitment, tie-ups, PR
- Access to funds (debt or equity) through self or through contacts to angel network, lending agencies, VCs etc.
- Access to infrastructure - Hard infrastructure (office space, IT requirements) & Soft infrastructure (legal services, accounts/payroll, IP, research
CIIE, through its evangelists and friends across the country, organize regular Face-to-face Mentor Rendezvous across major cities in India to facilitate the above process.