Hisar's Guru Jambheshwar University organises sessions on startup funding, business modelling

The Faculty Development Programme (FDP) on Innovation and Entrepreneurship, organised by the Haryana School of Business (HSB), Guru Jambheshwar University of Science and Technology (GJUST), Hisar, in collaboration with the Ministry of Education’s Innovation Cell (MIC) and AICTE, continued to inspire and educate on Thursday.

The day’s sessions centred on two key components of entrepreneurial development — funding avenues for startups and strategic business modelling — drawing enthusiastic participation from faculty members across institutions.

Dr Karam Pal Narwal, professor of finance and dean of the Haryana School of Business, spoke on the theme ‘Finance for Startups’. Dr Narwal emphasised the critical role of financial planning throughout a startup’s lifecycle and offered a comprehensive overview of funding options available to aspiring entrepreneurs — from government-backed schemes like Startup India, MUDRA loans and SIDBI support to more advanced options such as angel investing, venture capital and traditional bank loans.

He also clarified distinctions among different investor types in terms of risk appetite, return expectations and levels of involvement. This helped participants better understand which funding models suit different stages of a startup’s development. Nitin Goel, founder and CEO of Repozitory Technologies Private Limited, brought in a practitioner’s perspective. He conducted two interactive sessions on the Business Model Canvas , a globally recognised framework for conceptualising and evaluating startup ideas.

The day concluded with a workshop titled “Understanding BMC with Activities”, during which participants, divided into teams, applied BMC concepts to hypothetical startup ideas. The session encouraged teamwork, creativity and strategic thinking, making it both practical and engaging.

The FDP concluded for the day with intellectual engagement and renewed enthusiasm among participants, who left with a clearer understanding of financial frameworks and strategic planning tools.