Chennai: MBAtrek Private Limited, a key innovator in higher education and skills development, has launched a groundbreaking initiative LEAPfwd – India’s First MBA program tailored for young MSME (Micro, Small, and Medium Enterprises) business leaders.
India’s economic landscape is undergoing rapid transformation, with MSME businesses playing a pivotal role. These enterprises contribute nearly 30% to India’s GDP. Employing over 120 million people, they form a crucial part of the “Atma Nirbhar Bharat” (Self-Reliant India) initiative and lay the foundation for robust economic development. While the numbers are impressive, there is a noticeable gap in the knowledge and skills required for sustainable growth in the MSME sector.
This knowledge and skills gap is especially noticeable among emerging leaders in the MSME sector. Here, “LEAPfwd” emerges as a dedicated Growth Accelerator Program for Family Owned Businesses.
LEAPfwd aims to equip MSME leaders with the skills and strategies necessary to achieve success in the sector. At LEAPfwd, the participants gain access to over 50+ MSME & MNC leaders from renowned companies such as Reliance, Tata, Apple, Ranbaxy, Google,Amazon and more.
The Key Highlights of the program for MSMEs include:
A unique “Bring your own Business Problem (BYOB-P)” model
Personalized 1:1 Business Mentorship
6 Industry Immersions & industry visits across India
An international immersion opportunity
Tailored to address the unique dynamics faced by family-owned ventures, the program ensures that the participants have the solutions to steer their business confidently into the future. The key milestones to be Achieved by the LEAPfwd participants are:
VC Grade Business Plan for New Age Businesses: Develop a business plan tailored for YOUR enterprise, designed to captivate contemporary venture capitalists and secure funding.
Technology & Digital Roadmap: Forge a focused digital and technological strategy, empowering YOUR business to flourish in this digital age.
Family Office Setup & Succession Planning: Seamlessly navigate transitions within YOUR family business while adeptly managing your Family Wealth Portfolio.
Commenting on the program’s launch: Abhishek Srivastava, CEO and Co-Founder of MBAtrek, said, “LEAPfwd embodies our commitment to nurturing the growth and sustainability of India’s MSME sector. Through this program, we empower MSME leaders not only to overcome challenges but also to thrive in today’s dynamic business environment.”
Applications for the program are open and the last date to apply for the first cohort is October 25, 2023. The MBA degree will be conferred by NAAC A+ accredited Manglaytan University.