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E info@jgiventures.com│ W www.crce.in
A Journey to Chenraj Roychand Center for Entrepreneurship [CRCE]

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The Chenraj Roychand Center for Entrepreneurship (CRCE) was established by the
Jain Group in 2001 to create opportunities for talented and dynamic individuals to realize their
entrepreneurial potential. CRCE has been training students and budding entrepreneurs in
enterprise skills since its inception. Business ideas are spotted and nurtured during the startup
and growth phases of these knowledge and high technology companies. Further, incubated
companies are trained to identify an idea, understand hi-tech markets and emerging
technologies. A hand holding is done till the company takes a good shape and generate
economy to the society. A well designed format and framework is in place for end to end
solutions for the budding entrepreneurs.
With the declaration of Jain University (formerly Jain College) as Deemed-to- be University in
2008, vide Ministry of HRD, Government of India notification No. F-9-57/2007-U3 (A), the
Academic Council of Jain University approved absorption of CRCE as a Center of Excellence of
the University. The center was mandated to carry out the following specific activities:
Business Incubation through the Incubation center of CRCE
Programmes aimed at Entrepreneurial capacity building, thereby fuelling societal
development and empowerment of Individuals
Development of case studies, and leadership

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Research in Entrepreneurship and Post-Doctoral opportunity
Training through Entrepreneurship Development Programmes and continuing
education programmes for Entrepreneurs.
Till date 40 companies have been incubated and are operational in various sectors like
Hospitality, Education, Technology, Retail, Financial Services and Real Estate.
VISION
To promote social entrepreneurship by developing and
deploying innovative solutions thereby heralding a positive
change that propels growth not just for communities but also
for the entire nation
OBJECTIVES

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Encourage
Entrepreneurship
among students
in particular and
the community in
general
To help budding
Entrepreneurs
turn ideas into
products,
products into
profits
To promote social
and rural
Entrepreneurship

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LEADERSHIP
DR. CHENRAJ ROYCHAND
President-Jain University Trust
Chairman – The JGI Group
Chief Mentor (CRCE)
Best Described as a man of vision and integrity, he has, for 19 eventful years, witnessed the
laying of every brick, in the emergence of the Jain Group.
"For a prosperous and democratic society to thrive, economic growth is vital and the engine
for that growth is entrepreneurship”. Social entrepreneurship is a fast growing movement that
uses the tools of business to create positive results for society at every level. By developing
and deploying innovative solutions to deep societal problems, social entrepreneurs improve
our communities & the world in which we live. Social entrepreneurship has emerged as a
powerful way of meeting global human needs in a context of scarce resources. "Empowering
youngsters and promoting education & entrepreneurship to ensure that there is significant
growth in both these areas is an important way to contribute to society and the country”. JGI
Ventures has been set up to create world class entrepreneurs who will not only create jobs
but will also adopt rural children and provide them with a valuable education. A significant
clause of the incubation by JGI is that every entrepreneur will commit a portion of his or her
profits towards educating the underprivileged. In this way, it is ensured that the ongoing
dedication of our proteges is towards the creation of leaders for the present and the future. I
welcome all to witness and participate in the transformation of modern India.
Executive Committee

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Hemachandran Seshadri
CEO, JGI Ventures
Anjana Vivek
Member
Abdul G Sait
Member
Vishal C
Director, JGI Ventures
GOVERNANCE AT CRCE
CRCE is governed by the following principal bodies:

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Executive Committee
Advisory Committee
Evaluation and Investment Council
Council of Mentors
COMPOSITIONOF THE ADVISORY COMMITTEE
Dr. Chenraj Roychand
Chairman
Dr. Sundararajan N
Member
NVH Krishnan
Member
Dr. Easwaran Iyer
Member
Dinesh Nilkant
Member
Govindraja
Investment Advisor
Vinod Bhawani
CTO
Jia Jain
Member
Jyothi Jain
Member

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Powers & Roles of the Governing Council
The Governing Council shall be the principal organ of management of CRCE and the principal
executive body. It shall have the following powers and roles:
To provide a broad framework under which the Entrepreneurship cell operates
Provide connections to budding entrepreneurs
Review the implementation of the programme from time to time
Initiate ideas to develop the center
Promote the Center at various forums they are part of
Mentor Entrepreneurs when needed
Serve as brand ambassadors for Incubation center
To establish divisions, departments and sections for the work and functions of CRCE
and to allocate roles to them
To enter into agreements, alliances and beneficial relationships on behalf of CRCE
To create posts and to determine the manning levels in CRCE
To open accounts of CRCE
To provide buildings, premises etc required for carrying on the work of CRCE
To take all necessary decisions for the smooth and efficient functions of CRCE.
Powers of the Evaluation and Investment Council
To evaluate business plans and determine their feasibility
To advise on the legal form of business ventures
To advise on the funding pattern
To secure the interest of potential investors
To monitor the financial performance of the incubated companies
Constantly carry out exercises to determine strength of governance in Incubated
companies.

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COUNCIL OF MENTORS
The investment philosophy of CRCE is very similar to the way a Kangaroo nurses its new born.
A startup and a Kangaroo are very similar in nature. When born, Kangaroo is barely a few
centimeters in length, so are startups, they are just an idea. The mother Kangaroo nurtures
the baby in its pouch, over a period of 6 months until the Baby is fully developed enough to
walk on its own. After 235 days, the baby leaves its pouch forever. Even then it doesn’t ensure
the survival of the Kangaroo. Kangaroos barely survive for more than 5 years in the wild,
while in captivity; they are known to survive beyond 20 years. The life of a new born Kangaroo
can be easily paraphrased into the life of a startup.
A startup in many cases is just an idea. They need to be nurtured, pivoted, so that a robust
product or service that can generate revenue is built. Building a great product or service alone
isn’t enough. The startup needs to scale up and survive in a harsh market like India. That’s
where mentoring, funding etc. come into picture.
The council of mentors has a very important role during the startup stage and thereafter
during the various stages of growth of the business ventures.
THE CRCE INCUBATION CENTER
The Incubation Center is responsible for managing the entire incubation process, right from
the point at which the entrepreneur registers with the Center till the approval of the Venture
start up and also for the post-incubation processes.

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21 STEPS TO BUSINESS

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FUNCTIONS OF INCUBATION CENTER
a) Infrastructure:
Physical infrastructure as well as Technology infrastructure
b) Capacity Building:
Through several levels such as:
Mentoring and Coaching
Ideation support
Customized Learning Tracks
Internship, coaching and training for potential entrepreneurs
Business Plan Advisory
Strategy formulation
Team building with hand-holding and training support
Networking
Organization Design and structuring
Shared Service delivery model
Financial Modeling and Funding Mechanisms, Advisory and support:
Financial Planning
Valuation
Fund raising
Financial structuring
Legal Advisory for start up
Value creation advisory

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Exit options advisory
TIMELINE AND MILESTONES OF CRCE
Pre 2001: Dr. Chenraj Roychand used to nurture entrepreneurship in an informal way
2001: CRCE launched by the Jain Group: People involved: Dr. Chenraj Roychand, Prof.
N.V.H. Krishnan
2001: First company incubated :In touch Analytics-CEO: Arun Prabhu
2002: Second company Incubated: Blue man support services-CEO: Rajesh
2002: Third company incubated: Mindsource Consulting –CEO: Vasdevmurthy
2003: Fourth company incubated: Dasmask-CEO: Vineet Agarwal
2004: Fifth company incubated :Basket Option-CEO: Abdul
2005: Sixth company Incubated: Comity Trading converted to Insignia Hospitality
(1947)-CEO: Jugraj Borar
2006 Onwards: A number of enterprises have since been by CRCE
2008-09: A huge project was conceived and seventh company incubated: ARKA
Eduserve Pvt. Ltd. The Company has growth in assets size to Rs.500 Crores. Its four
Managers are students of Jain University. Sandeep, Sharan, Mahaveer, Ankit
2010: IDEA offering a course in Entrepreneurship in tie-up with EDI. The course is
later brought under Jain University as a MBA in Family Managed Business and
Entrepreneurship.
CONTRIBUTIONS OF CRCE
1. The objective of the center incubation initiative is to educate and support the young
entrepreneurs in their startup phase. It provides an environment for experimentation
and risk-taking. Under the initiative, incubates are provided with mentoring, advisory
and networking support, apart from infrastructure support and financialassistance. The
21 step process to become entrepreneurs is the hall mark of the centers contribution
towards building entrepreneurs
2. While mentoring the young entrepreneurs and budding business personality, the center
has incubated around 40 companies, in different sectors, with a strong belief that

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improved standard of living of a nation's populace is directly tied to accelerating
economic development
3. To enable start up and early stage entrepreneurs to think beyond the idea and help
build high impact ventures. The center believe that the critical factor in a start up's
life is high quality mentoring and timely investment, thus Nurturing startups
4. Several workshop sessions with active participation by the industry experts are
conducted. This initiative will open doors for building customer bases and raising
investment. Intense workshops focus on practical aspects of a startup business such as
Marketing & Branding, Raising Investment, Team Building, Risk Handling, and Cash-flow
Management. The workshops enable members, to come together and use their
experience and their exceptional skill set to mentor the budding entrepreneur
5. The center promotes post-doctoral and research work, thus opening doors for news
areas, and new ventures to get consultancy and advice for the start-ups. Under the
centers research wing, the effort is to collate, assess, refine and disseminate ideas in
entrepreneurship education. It attempts to create a set of recommendations to
primarily help design educational programs that will promote greater successful
participation of youth in entrepreneurship
6. The courses that are offered and managed include the MBA in Family Business and
Entrepreneurship and the Post Graduate Diploma in Entrepreneurship Management. The
courses have impacted several students who have signed-up for the course, thus,
impacting the quality of work-life
7. Several students from the JAIN University and other institute students have done their
Internship in the center. Coaching and training of young entrepreneurs for preparing
business plans, strategy formulation, Organisational design and structure, Financial
planning, fund raising, and the like is undertaken
8. The center plays a major role in mentoring budding entrepreneurs in fund raising
activity, legal advice for start-ups, Value creation and Financial modeling
9. Through its incubation companies, the employment generated directly and indirectly
stands around 1000 numbers
10. For all the young entrepreneurs, who wish to start their business, space is given to
them at the center, and expert advice till the business gets matured and hand holding
is done.
SUMMARY OF ACCOMPLISHMENTS OF CRCE
Commenced operations in the year 2001
The incubation Center has incubated more than 40 companies mainly for alumni of
Jain Group Institutions

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Has built a very active entrepreneur ecosystem comprising angel investors, venture capitalists,
mentors, a self-financed Incubation fund, a dedicated MBA program on Entrepreneurship and
Family Managed Business
FUTURE PLANS
1. Create Chair Professorship in Entrepreneurship area
2. Support global Research in Entrepreneurship
3. Exchange program amongst the network institutes globally in entrepreneurship
4. Support for Post Doctoral and Doctoral Program and scholarship.

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INCUBATED COMPANIES: FAST FACTS
COMPANY NAME ENTREPRENEUR BUSINESS TYPE BUSINESS PLACE
Basket Option Pvt.ltd/ Smart
earth Pvt.ltd
Abdul G Sait Financial Services, Insurance
claims, Real estate, Education
Bangalore & Mysore
Claim Express UB Menon Insurance Claims Bangalore
Samaavesh Jyothi C Interior Products Bangalore
1947 Restaurant Jia Jain Hospitality & Restaurant Bangalore
ICS Himanshu Doshi,
Abhishek Agarwala
Technologies Bangalore
Ecube Sanjay Jalan Marketing & Hospitality Bangalore
Brain Works KapilSinghi Training,Hospitality,
Restaurant, Marketing
Bangalore
Education Institutions RadheshyamHeda Commodities & Education Bangalore Belgaum,
Hubli, Jamshedpur,
Guntkal
Blue Man Support Services K.Rajesh Kumar Facility Management Bangalore, Chennai
Global ITES Pvt ltd Suhas Gopinath ITES Bangalore
Arka Eduserve Pvt. Ltd. Team Education &Consultany Bangalore & 20 more
Intouch Technologies ArunPrabhu Technological Bangalore
Drone Aerospace Dr.Krishnan
Venkatesh
Defense & Aerospace Bangalore
Damask VineetAgarwal Low cost footwear Bangalore
House of Music AnkitBhandari Music school Bangalore

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Chrysallis India Pvt ltd. JaisimhaJaithirth Education KA,MH,GJ,TN,Brazil,US
Stock Market Institute Deepak Kumar Institute Bangalore

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COMPANY NAME PERSON NAME BUSNIESS TYPE BUSINESS PLACE
JCH Group Saket Jalan Financial, Music, Hospitality
services
Bangalore & Delhi
Red lounge Nehal Batheja Wealth Management Bangalore
Street Smart Sri Harsha Marketing Bangalore
Passion Connect Karthik Kittu Career Research Bangalore
52 week High Shubham Deva Equity research Bangalore
Loan Basket Govindraj Loans Bangalore
Real world Mohammad Fayaz Real estate Bangalore
E Market Kishore B.S. Online courses Bangalore
Trade Basket Preetham Equity & Commodity Bangalore
Institute of Digital Market Sumeet Pareek Digital Marketing Bangalore
Satya Yoga Kamala Yoga Institute Bangalore
Vriddhi Mahesh Sanghvi Infrastructure furnishing
products
Bangalore
Jain College Hostel Saket Jalan Hospitality Bangalore
100 ml – design studio Shyam Pawar Art & Design Bangalore
Anveshana Kumar S IT & Software Bangalore
luckymaskot Nixon John and Rahul
Jain
Religious Gifting Bangalore
Velvet Space Vertika Samar Interior Products Bangalore
Schoolinform.com Aman, Varun, Vineeth
& Anup
Fashion Bangalore

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Value Vision Care Yogesh Eye Care Bangalore
Envisage Global Mufaddal Tanda &
Rishab Jain
Edu-tourism Bangalore
Eduturks Prakash Education & Gaming Bangalore
Radio Active Pinky Chandran Community Service Bangalore
Claim Express Abdul G Sait Financial Services Bangalore
Moneybag Ventures Govvindraja Investment Banking Bangalore
Stock Market Institute Deepak Kumar and
Kishore
Education Services Bangalore
NutriParadise Vijay Surya Food Bangalore
Sai Prasadam Vijay Surya Food Bangalore
Intellisol Rajesh Kumar Facility Management Bangalore
Varchas Technology Vinod Technology Bangalore
Rock Solid Srinivas, Chandru &
Abdul khader
Health & Fitness Bangalore
Institute of Technical
Excellence
Shubam Deva and
karthik
Technical Education Bangalore
JGI Housing Vishal C Real Estate Bangalore

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