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PGPPM’17 cohort at Syracuse University

During their recent immersion experience at Maxwell School, IIMB’s Public Policy and Management students get insights into policy formulation and implementation in the US through a variety of lectures and field visits

22 September 2017, Bengaluru: Students of the one-year Post Graduate Programme in Public Policy Management (PGPPM) at IIM Bangalore participated in a two-week International Immersion Programme at the Maxwell School of Citizenship and Public Affairs, Syracuse University, USA, from August 07 to August 18.

International Immersion at IIMB provides students with insights into the economic, social and cultural spheres of the countries they are visiting. They attend lectures with specific focus on business and industry and make field visits to familiarise themselves with local challenges and opportunities. They also visit historical sites and take part in cultural events.

Maxwell is home to the professional programs in public administration and executive education programs. The introduction on American Culture, American Federalism, and Public Programs on Healthcare systems were presented by Daniel Nelson, International Program Manager at Maxwell School.

A wide range of topics were covered during the program. The American Political System and its Federal Structure, including the political institutions, were discussed in the seminar. The complexities and how deeply they are fragmented, both horizontally as well as vertically, were also deliberated upon.

The seminars on Analysis of Poverty and Social Welfare Policies and Healthcare System of USA were interesting. The Social Security Program, under which an employee has to pay a contribution of 7.65% of his income for a period of 10 years to become eligible for the benefits, has been under tremendous distress due to reasons like increase in life expectancy, increase in the cost of healthcare and the decrease in numbers of the working population, as a result less number of people are contributing to a large number of retired persons. Similarly, the schemes like Medicare and Medicaid have huge budgetary allocations in comparison with their efficacy. The budget allocation during 2016 for Medicare was $632 billion and for Medicaid was $553 billion. Almost 18% of the GDP was being spent by US on healthcare. There are other countries which are spending much less than the US on healthcare, but achieving better results, the case in example being the UK.

The trends in public sector reforms and impact of leadership and role of NGOs were also discussed. There are more than 2 million NGOs in the US. The registration of NGOs is done at the office of the Attorney General’s Charity Bureau at state level.

The seminar on International Trade and Labour Market, by Prof. Devashish Mitra, was educative. He also highlighted the intricacies of the labour market.

A site visit to Onondaga County was organized to give an overview of the role of local government. Onondaga County is in the state of New York, which has 62 counties. The state of New York places heavy responsibilities on local governments and more than 50% of the state budget consists of aid to local governments. Education and health are granted top priority.

The seminar on citizens’ participation in the work of government was very informative. In the US, there is a provision for participatory budgeting, under which 10% budget is kept for spending as per the public opinion/decisions.

The education policy and recent reforms efforts were discussed by Prof. Amy Schwartz. Innovation management, controlling the chaos and how to separate winners and losers was discussed in length by Prof. Sean O’Keefe. The program on reflections and evaluation was covered by Prof. David Van Slyke, Dean, Maxwell School.

The second part of the immersion program was in Washington DC, where the emphasis was on site visits. A tour of the Library of Congress, US Capitol, Air & Space Museum and IBM Centre for Cognitive Government was organized. In addition, a seminar on technology as a driver for change in federal government, by Scott Bernard, US Federal Chief Enterprise Architect, was also organized.

The immersion program helped us get insights into various aspects of policy formulation and their implementation in the context of the US. Daniel Nelson, International Program Manager, and his team had designed the curriculum in the most effective way and had made all administrative arrangements to ensure a comfortable stay for us IIMB students.

Photo Gallery : Post Graduate Programme in Public Policy Management (PGPPM)

Site visit to understand the role of local government. An overview of the Onondaga County Government. Ed Kochian, Special Advisor, Executive Department, Office of the Onondaga Country.

Site visit to understand the role of local government. An overview of the Onondaga County Government. Ed Kochian, Special Advisor, Executive Department, Office of the Onondaga County.

Program conclusion at Greenberg House, Washington DC.

Independence Day at the Indian Embassy, Washington DC, USA.

ABOUT THE AUTHOR:

BY SHIV KUMAR, IDSE

TATA GROUP CASE, WRITTEN BY IIM BANGALORE AND IIM TIRUCHIRAPPALLI FACULTY, WINS TOP HONOURS AT 2016 EFMD CASE WRITING COMPETITION

The awards ceremony will take place on the 7th of June in Berlin

23 May, 2017, Bengaluru: A two-part Tata Group case, co-authored by J. Ramachandran, Professor of Strategy, IIMB Chair of Excellence and Bain Fellow at Indian Institute of Management Bangalore, K S Manikandan, Associate Professor of Strategy, Indian Institute of Management Tiruchirappalli, and K Rajyalakshmi, formerly Research Associate at Indian Institute of Management Bangalore, has won the EMFD Case Wrinting Competition 2016. This year was a record for the number of entries received and the quality was exceptionally high. The Tata Group case won the award in the category ‘Indian Management Issues and Opportunities’.

The European Foundation for Management Development (EFMD) is an international not-for-profit association, based in Brussels, Belgium. It is Europe’s largest network association in the field of management development and it has over 800 member organizations from academia, business, public service and consultancy in close to 100 countries. EFMD provides a forum for networking in management development.

The awards ceremony will take place on the 7th of June in Berlin, Germany.

The first of the two-part case, titled ‘Ratan Tata Case’ focuses on Ratan Tata’s leadership of the Tata Group, from 1991 to 2012. Written by K S Manikandan, K Rajyalakshmi and J Ramachandran, this part of the case narrates the Tata Group history and traces the early years of the Tata Group, its management philosophy, the leadership years of its legendary chairman JRD Tata, the DRAMATIC transformation under Ratan Tata’s leadership and passing the baton to Cyrus Mistry as Chairman of the Group in late 2012.

The second part, titled the ‘Cyrus Mistry Years Case’, co-authored by K S Manikandan and J Ramachandran, describes Cyrus Mistry's leadership of the Group until it ended abruptly with his sudden removal as Chairman of Tata Sons on October 24, 2016, and the reinstatement of Ratan Tata as Interim Chairman.

“We are delighted with this recognition. Diversified business groups, which are widely prevalent in emerging economies, are an important organizational form as they defy received view that unrelated diversification is value destructive. This two-part case study based on an exemplar business group based in India, an emerging economy, is apt for MBA and Executive MBA courses on Corporate Strategy and Strategy in Emerging Markets,” said Prof. J Ramachandran.

For the last thirty years, EFMD has been organising its yearly case writing competition. With a wide selection of categories that focus on specific issues, as well as specific regions of the world, the aim of the EFMD case competition is to encourage and support the writing and creation of new and innovative case material.

CONSULTATION, TRANSPARENCY, FEEDBACK, FLEXIBILITY, COST-EFFECTIVE MEASURES AND DEPLOYMENT OF TECH ARE KEY TO A ROBUST PUBLIC POLICY SYSTEM: DR. SUBHASH CHANDRA KHUNTIA

The Chief Secretary of Karnataka holds forth on skills necessary for public servants to create a strong and sustainable Public Policy system during the inauguration of the PGPPM batch of 2017-18 at IIMB

1 May 2017, Bengaluru: “In many a case, Public Policy is created as a knee-jerk reaction. The consequences of such policies are not thought out in advance and hence prove to be patchwork solutions. Actually, we need sustainable solutions, and hence should do proper analysis of policies, create robust systems and thereby prevent lot of disasters,” said Chief Guest Dr. Subhash Chandra Khuntia, Chief Secretary, Government of Karnataka, while delivering his keynote speech at the inauguration of IIM Bangalore’s Post Graduate Programme in Public Policy & Management (PGPPM) 2017-2018 batch today (Monday).

Dr. Chandra gave a detailed exposition of Public Policy and its usage across the world. Talking about the increased role of Public Policy in our country, he said: “Public Policy as a subject needs a lot of encouragement in a country like India where we are evolving policies constantly. As we are developing and aspirations are increasing in the democratic setup, new activities are getting added to the portfolio of the government. The scope of activities in the public space is increasing too. Poverty, malnutrition, health facilities, lack of clean drinking water, illiteracy, infrastructure – these are the areas that need a lot of focus. There is a lot of change in public administration in the country with various partnerships, like those with NGOs, PPPs, etc. Technology is changing too and we need to harness it for our advantage. However, new problems have cropped up due to technology which need to be mitigated. All these lead to a larger role of public servants.”

Dr. Khuntia listed important skills of public servants to create a strong and sustainable Public Policy system. “Governance systems need to be more effective and efficient. Also, Public Policy needs to be such that it gives maximum benefit to maximum numbers. If policy is aimed to serve a particular group, then it should be ensured that it is not disadvantageous to other groups. If not, then adequate steps should be taken to minimize such problems. Diverse interests should be converged to serve the larger public interest and the society as a whole. Wide-scale consultation should be at the heart of such Public Policy formulations.

“Flexibility is another important consideration in any Public Policy, to keep up with the changing environment. Also, Public Policy has to be cost effective. There should be a felt need for policies through public awareness and it should maintain balance. To manage political executives while framing Public Policy is another important skill of public servants. Moreover, a feedback loop has to be built to further improve policies that have already been formulated. It is also good to create transparency and good public debate, and involve as many people as possible. All these will avoid patchwork solutions in Public Policy,” he explained.

To the incoming PGPPM class, Dr. Khuntia said, “This course at IIMB will equip you with analytical powers, enable you to look at policies from the point of view of different stakeholders, and help you in formulating and implementing public policy in an analytical and objective manner.”

Earlier in the day, Prof. Gopal Naik, Dean, Faculty, IIMB, said: “The PGPPM was started with the objective to increase the capacity of the government, look at policy-related problems and find solutions for them through research. The programme also teaches the participants to address problems by using data. We have had more than 400 candidates graduating from the programme so far, and such professionals have benefitted both the central and the state governments. Graduates of this programme have contributed to the betterment of government working by bringing in innovative processes.”

Offering his best wishes to the new students, Prof. Naik said, “Our curriculum, data analysis technique and user-oriented methods will surely make your journey here at IIMB a rewarding one and enhance your knowledge.”

While welcoming the new batch, Prof G. Raghuram, Director, IIMB, said that the programme could be a transformational experience for them, covering myriad areas. “The important thing is to learn from the inputs from the faculty and use it in your own reflection. What I see happening in various domains of government is the issue of less government and more governance. Public Policy involves a bit of marketing also, hence understanding the client system for marketing is important”. He gave the example of the compulsory one-year rural stint for doctors and said the challenge is to incentivize the rural stint and motivate the doctors for national development. “How to evoke felt need, development of infrastructure, bringing in policy analysis systems, consideration for different stakeholders – these are other areas of development.”

Listing the pluses of being a student at IIM Bangalore, Prof. Raghuram said, “While you are here, you will realize that apart from faculty who will be associated with you, there is a much larger faculty base here. There are very many interesting projects going on at the institute associated with tele education, microfinance, mid-day meals, data analytics, health, etc. Faculty at IIMB is working across domains which are extremely relevant to public policy, so make the most of your time here with us.”

Click here for the photo gallery

(L-R) Revathi, Founder, INSPIRE, Anuj Gupta, Sakshi Suppal and Nikhil Dhar, participants of the one-year fulltime Executive Post Graduate Programme in Management (EPGP) Batch IX, Prof. Sourav Mukherji, Dean of Academic Programmes and Prof. U Dinesh Kumar, Chairperson, EPGP, at the inauguration of Batch IX of EPGP on March 31, 2017.

IIMB WELCOMES 73 STUDENTS TO THE ONE-YEAR FULLTIME EXECUTIVE POST GRADUATE PROGRAMME IN MANAGEMENT (EPGP) ON MARCH 31, 2017

Photo Gallery: EPGP 2017-18 Inauguration

EPGP Chairperson U Dinesh Kumar welcomes students to EPGP 2017-18.

Dean of Academic Programmes Sourav Mukherji offers an overview of the programme and life at IIM Bangalore.

Mukundan Srinivasa, Managing Director, NetServ, delivers the inaugural address after the inauguration.

Revathi, Founder, INSPIRE, addresses the programme participants.

Prof. G. Raghuram, Director, IIM Bangalore, addresses the students of the incoming batch.

598 STUDENTS GRADUATE FROM IIMB WITH 8 BAGGING GOLD MEDALS.

In his inspiring Convocation address, chief guest Uday Kotak, Executive Vice-Chairman & Managing Director, Kotak Mahindra Bank Limited, describes IIMB as ‘IIM Best’

20 March, 2017, Bengaluru: “Today, we have 598 students graduating – 20 from the Fellow Programme in Management (FPM), 18 from the Post Graduate Programme in Public Policy and Management (PGPPM), 75 from the Post Graduate Programme in Enterprise Management (PGPEM), 4 from the Post Graduate Programme in Software Enterprise Management (PGSEM), 70 from the one-year full-time Executive Post Graduate Programme in Management (EPGP) and 411 from the two-year full-time Post Graduate Programme in Management (PGP),” announced Professor G. Raghuram, Director, IIMB, at the institute’s grand 42nd Annual Convocation ceremony, held on March 20, 2017.

The students graduated from the prestigious institution this year in the presence of chief guest Shri Uday Kotak, Executive Vice Chairman and Managing Director, Kotak Bank Limited, Kiran Mazumdar-Shaw, Chairperson, Board of Governors, IIMB, Professor G. Raghuram, Director, IIMB, and members of the faculty. The graduates were cheered by their proud families too, many of whom had made the trip to Bengaluru to capture the joyous moment forever.

While sharing a selection of the successes and achievements of students and faculty of IIMB during the past year, Prof. Raghuram said, “Two of our faculty have been awarded as distinguished alumnus/alumna from their own schools as well. Our faculty are not just world-class academicians and researchers, they also excel in pursuing their interests and passions. We are delighted by their success. I take this occasion to acknowledge their outstanding contributions.” He highlighted the contributions made by IIMB faculty in publishing in A category journals and said that it was a matter of great pride and visibility for the institution.

He had a special word about the 20 graduating FPM students as the number is an all-time high, equalling an earlier record set last year. “It gives me great pride to report that among the 20 of you, there are 17 peer review publications, including 5 in top tier journals. Out of the known 13 placements, 10 are joining academic institutions of which 6 are in other IIMs, a matter of great satisfaction for us.”

Wishing the graduating students success, he said, “Dear graduating students, you continue to do us proud. You are committed, active, and energetic. Please put your all into serving the nation for its development agenda and to making the world a better place for humanity. As you move on to become alumni of this wonderful institution, I hope you will continue to cherish the eternal bond and remain connected with us. Go dream and pursue your passion with gusto!”

For the full text of the Director’s report, click here

Among the graduating students this year, eight have been awarded gold medals. In PGP (Batch 2015-17), Udit Jalan, Dharmendra Hiranandani and Vaibhav Gupta received the gold medals for first rank, second rank and best all round performance, respectively.

In PGPPM (Batch 2016-17), Pranav Kumar Mallick has won the gold medal for best academic performance.

From PGPEM (Batch 2015-17), the gold medal for first rank and for best all round performance went to Shishank Gupta and Suresh Ganesan, respectively.

In EPGP (2016-17), Nikhil Goyal has won the gold medal for first rank, while Kushal Nitin Dalal has won it for best all round performance.

In his inspiring address, Uday Kotak, Executive Vice-Chairman & Managing Director, Kotak Mahindra Bank Limited, who was the chief guest at IIMB’s 42nd annual Convocation, described IIMB as IIM Best, to loud applause. He shared with the management graduates a few of his life experiences and career journey.

He listed the attributes for successful leaders as the 5 Cs: character, conviction, commitment, creativity and capability. “Kotak would not be what it is today if we did not think differently. As you move out of your cocoon, you will need to find creative solutions - dare to be different, test yourself, be ready to encounter challenges and also for failure, learn from your mistakes, and know that committed execution is the key to capability. You have huge opportunities, but will face tough and challenging times as well. You have to be bold but keep your values intact. You need to be resilient, and stand up for defending what you believe in.”

Dr. Kiran Mazumdar-Shaw, Chairperson, Board of Governors, IIMB, in her address, highlighted the institute’s milestones during the academic year 2016-17, the global rankings IIMB achieved, the important partnerships it entered into, IIM Bangalore being the convener school of the Common Admission Test (CAT) 2016, IIM Bangalore mentoring the new IIM at Visakhapatnam, the surge in demand for case studies developed by IIM Bangalore’s faculty which are distributed through Harvard Business Publishing, an affiliate of Harvard Business School, IIMB’s increased focus on Massive Open Online Courses (MOOCs) to provide access to a wide range of quality courses through blended learning programs for people who cannot afford regular management programs, IIMB’s initiatives in enabling a ‘start-up culture’ in the country and making ‘entrepreneurship’ an integral part of the school’s academic agenda, etc.

She had a special word of appreciation for IIMB’s incubation centre, the N.S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), which has consistently played a key role in seeding, nurturing and promoting entrepreneurship with an emphasis on early-stage start-ups. “As women remain highly underrepresented within the entrepreneur ecosystem, IIMB’s NSRCEL & Goldman Sachs have joined hands to launch the ‘Women Startup Programme’, the first blended-learning customized programme involving a MOOC and classroom training, as well as business incubation, to support the next generation of women entrepreneurs. The programme, which was offered at no cost, encourages and supports women to start their own businesses through a customized, three-phase model which incorporates online and classroom training as well as business incubation. The coursework is designed to teach both entrepreneurial and managerial skills, provide mentoring and networking opportunities, and access to capital to help empower women navigate their early ventures as well as equip them with tools to strategize and grow their businesses. I am proud to share with you that 15 women with great business ideas are now being incubated at NSRCEL for 12 months”.

She made a special mention of another initiative of IIMB’s NSRCEL. “The Michael & Susan Dell Foundation has supported NSRCEL to set up a start-up incubator, with the objective of nurturing early-stage non-profit organizations. This non-profit incubator will select and nurture at least five early-stage organizations over the next two years, helping them become world-class non-profits that deliver disproportionate impact and become magnets for talent and funding. This initiative aspires to create a proven template for non-profit incubation in India, developing a playbook for nurturing and scaling early-stage organizations. Such an approach can be replicated at other academic institutions and incubation hubs across the country”, she pointed out. She also mentioned that NSRCEL has been selected by NITI Aayog to receive INR 10 crore as scale-up support over the next two years, which will enable the centre to upgrade and expand its infrastructure and thereby its services to entrepreneurs.

Welcoming the new IIMB Director, she said that it was a privilege to have a person of his stature and experience at the helm of this institute. While acknowledging the immense contribution made by Professor Raghavan Srinivasan in his role as Director Incharge, over the past one year, she said that Prof. Srinivasan has enabled a seamless transition from the previous Director Prof. Sushil Vachani to Prof. G. Raghuram.

Lauding IIMB’s alumni she said, “IIMB’s alumni continue to do the school proud with their achievements and their connect with the school. I take this occasion to put on record that the alumni from the Batch of 1991 raised over INR 2 crore for Ganga Trust that works with survivors of spinal cord injuries. The PGP Class of 1996 also made a substantial contribution to the school”, she added.

To the graduating students, she said: “I am sure there are great takeaways for you from your time here with us. I wish you all the very best and hope you continue to live out your dreams with courage and conviction.”

For the full text of the Chairperson’s report, click here.

Click here for the photo gallery

IIMBAA HOSTS SATURDAY MUSINGS ON ‘DISRUPTION IN THE SERVICES SECTOR’ ON MARCH 25

The third edition of Saturday Musings will feature a talk by Prof. G Shainesh of IIMB on ‘Service Innovations’ and a panel discussion

14 March, 2017, Bengaluru:

The Alumni Association of IIM Bangalore will present the next edition of ‘Saturday Musings’ themed on ‘Disruption in the Services Sector’ on March 25, 2017, from 10 am to 12.30 pm, at the IIMB auditorium.

The event will include a talk by Prof. G Shainesh, faculty from the Marketing area, IIMB, on ‘Service Innovations’. This will be followed by a panel discussion featuring Anurag Saboo (PGP ‘96), Co-Founder, Gumption Labs, (Fintech sector); Siva Ganapathi (PGP ‘94), COO, Idea Cellular (Telecom sector), and Dr. Charit Bhograj, Co-Founder, Tricog, D.M. in Interventional Cardiology from Sri Ramachandra Medical College 2009 (Healthcare sector). The session will be moderated by Parag Dhol (PGP ’93), Managing Director of Inventus Capital Partners.

To register, please visit https://goo.gl/forms/MH4xbEsUWIFF4hv92.

The program will be livestreamed to the global alumni of IIMB. The event will also be archived for future viewing and reference. To join the webcast, please visit http://bit.ly/2kEwJZW.

‘Saturday Musings’ is a monthly meet which acts as a forum for interaction, discussion and sharing of ideas between industry leaders, alumni, faculty, students and staff of IIMB. The sessions are held on the third or fourth Saturday of every month.

Topic: Disruption in the Services Sector

Date: Saturday, March 25, 2017

Time: 10 am – 12.30 pm

Venue: IIMB Auditorium

FPM STUDENT ANKITA DASH WINS BEST PAPER AWARD AT IIT KGP MANAGEMENT DOCTORAL COLLOQUIUM

The paper titled ‘To Be or Not To Be in Global Value Chains – Empirical Evidence from Indian Automotive Sector’ focuses on an examination of factors affecting participation of firms in India in automotive global value chains

06 MARCH 2017, Bengaluru: Ankita Dash, a student of the Fellow Programme in Management (FPM), the doctoral programme of Indian Institute of Management Bangalore (IIMB), has won the Best Paper Award for her paper titled ‘To Be or Not To Be in Global Value Chains – Empirical Evidence from Indian Automotive Sector’ at the IIT KGP Management Doctoral Colloquium, held recently. Professor Rupa Chanda, RBI Chair in Economics, IIMB, is Ankita Dash’s faculty mentor.

Ankita’s paper focuses on an examination of factors that affect participation of firms in India in Automotive Global Value Chains. It is based on the first chapter of her dissertation.

Congratulating Ankita on her achievement, Dr. Rejie George Pallathitta, Chairperson, Fellow Programme in Management, said: “Ankita’s intense preparation, dedication, focus and analysis on the subject has shown results. Her study can serve as a framework for further in-depth research on the topic.”

Abstract of paper: Global Value Chains (GVCs) are the latest paradigm in production and trade as businesses gain from comparative advantages offered by different geographies through international operations. Rising trade in intermediates has made GVCs central though India’s presence is yet not substantial. GVCs are still a nascent field of study, both in academia and in practice, and more so in developing countries like India where their impact is anticipated to be both significant and essential. The study, through a combination of in-depth discussions and a firm-level survey, aims to explore and understand the factors that either encourage or hinder participation of firms in India in the sectoral GVCs for two chosen sectors – automotive and electronics.

This paper presents the findings from the firms’ perspective as to which factors aid or deter them from participating in Automotive Global Value Chains. The gamut of broad factors covered under this study and analysed using PLS-SEM include institutional, regulatory, financial, trade-related, technological, sectoral and input-related elements; then further categorized into sub-factors. Apart from firm-level characteristics (like firm size, ownership type and location) having an effect on participation, other factors like inputs (vis-a-vis their availability, quality and cost), public institutions (in terms of their efficiency, transparency, etc.), and sectoral traits (like consolidation within the sector and importance of brands) were found to significantly influence participation in auto GVCs. While trade-related factors (tariff and non-tariff measures) have a positive bearing by encouraging participation, financial factors (especially credit, taxes and foreign exchange rates), technology (ease of access and transfer restrictions), market barriers (market entry costs, capital costs, gestation time of projects, etc. ) and product-related factors (like standards compliance, timely delivery) posed major challenges to participation. The study also ascertains the impact of the existing relevant laws for the automotive sector with the manufacturing policy, Motor Vehicles Act 1988 and state government incentives having the most positive impact and with labour laws having the most negative impact. In short, bringing out a comprehensive picture of the factors influencing participation of firms in India in the automotive global value chains has been attempted through this study.

NSRCEL TO HOST SEMINAR ON ‘GROWTH FUNDING FOR STARTUPS: GOING BEYOND SERIES A’ ON MARCH 04

2 March, 2017, Bengaluru: NS Raghavan Centre for Entrepreneurial Learning (NSRCEL), the incubation and entrepreneurship hub at Indian Institute of Management Bangalore (IIMB) will host a seminar on ‘Growth Funding for Startups: Going Beyond Series A’ on March 4 (Saturday) 2017, at the institute auditorium, from 09:30 am to 12:45 pm.

The event will include a presentation by the research team of the results of an analysis of the VC and PE industry in India, a panel discussion and a Q&A session with the audience. The panellists are Parag Dhol, Managing Director, Inventus Advisors India, Baskar Subramanian, Co-founder, Amagi Media Labs, Atul Gupta, Principal, Premji Invest, and Aneesh Reddy, Co-founder & CEO, Capillary Technologies. The panel will be moderated by Prof. G. Sabarinathan, faculty from the Finance and Accounting area at IIM Bangalore.

Although the seminar is free, registration is a must. Please click here to register. (http://mar17.doattend.com/).

About the seminar: The road to a venture’s financial success is a long and winding one. Capital infusions are important pit stops along this journey to help a venture accelerate on its chosen path.

Most of the discussion in the ecosystem is on raising Series A or pre-series funding for a start-up. At the same time, every start-up is founded with the hope that it will grow rapidly into a large and valuable business. Such growth will need substantial follow-on infusion of funds. In the past decade follow-on funding has been growing.

How does an entrepreneur go beyond Series A? What does it take? What needs to change and what stays the same? How long does it take and what can help?

The panel discussion will focus on key questions about such follow-on financing: When does a company start planning for Series B and beyond? How does it prepare an investment thesis that will attract investors into Series B and beyond? How do they raise this follow-on funding? What aspects of their business do they focus on to elicit follow-on investors? What role does the Series A investor play in this part? What expectations do the Series B and later stage investors have from the investment? What are some of the challenges in raising follow-on funding? How do the Series A investor and the subsequent stages manage the negotiation?

Answers to such questions and more will be discussed by investors who have considerable experience in early stage venture investing and by entrepreneurs who have successfully raised rounds beyond Series A.

Theme: Growth Funding for Startups: Going Beyond Series A

Date: March 4 (Saturday) 2017

Time: 09:30 am to 12:45 pm

Venue: IIMB Auditorium