Newventurecreation infosession-20th April 2013 finalv2-120411121557-phpapp01
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New Venture Creation Course 2012 Information Session Brought to you by: BITSAA International, EDIPRU and CEL 1 Rachit Parekh, BITS Spark Connect Team
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Transcript of Newventurecreation infosession-20th April 2013 finalv2-120411121557-phpapp01
New Venture Creation Course 2012Information Session
Brought to you by: BITSAA International, EDIPRU and CEL
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Rachit Parekh, BITS Spark Connect Team
RAJU REDDYCurrently Executive VP, Global Services and Member of the Board – Hitachi Consulting
• Former Founder and CEO, Sierra Atlantic •BE (Hons) EEE•1976-1981•Program manager, Pentium Software Programs, Intel (1984-1993)
• IT services company founded in 1993• 2300+ employees in over 20 countries• 2008 top 25 Best Places to work in India.• Takeover by Hitachi in 2011
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PHANINDRA SAMAFounder and CEO of Redbus.in
•BE (Hons) EEE 1998-2002•Design Engineer at ST Microelectronics•Design Engineer at Texas Instruments
• Founded in 2006 and has over 250+ employees• Rs. 300 crores of Ticket Sales in 2011-12• First company to sell bus tickets using technology• Amongst 50 Most Innovative Global Companies by Forbes• Raised over 42 crore of VC Funding
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They learnt Entrepreneurship by doing it…
"The critical ingredient is getting off your butt and doing something. The true entrepreneur is a doer, not a dreamer.” - Nolan Bushnell, Atari Video Games
“The way to get started is to quit talking and begin doing.” – Walt Disney
“Vision without execution is hallucination” - Thomas Edison
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What is NVC / New Venture Creation Course Develop and Execute startup idea
Write business plan including all building blocks
Work with assigned Mentors to fine tune
Learn via guest lectures from entrepreneurs and investors
Win Pre-seed funding post semester
Preferred access to Manoj Saxena pre-seed funding and DST grants, and access to BITS Spark Mentors & Angels
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Why NVC?
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Graduated 24 teams (since 2009). 4 teams moving onto Pre Seed Funding stage:
Smartec: Innovative Database Systems
TunePatrol: Social Music Discovery
Aadharshila: Interactive Online Education
Photowalkr: Photography Education
Note that the course only provides a framework, the teams must seek, learn and build their startups themselves
It’s intense and attendance IS COMPULSORY
Who shouldn’t apply: Casual learners or those looking for an easy grade. We won’t hesitate to give Cs & Ds If you don’t have time to attend EVERY session. We have external speakers so it’s imperative that everyone attends
Lectures & Pedagogy Lectures and other content
Approx 25-30 lectures on various topics related to starting and building an organization taken over web-conf.
Elevator pitch contest Three pitch-deck presentations Six 60-90 min skype sessions across the semester with the respective mentors
besides interactions over mail etc. Each team will be expected to start some work over the summer
Speaker Profile Entrepreneurs or Startup CEOs Venture Capitalists Industry Experts (blue chip companies, attorney etc.)
Team Size should be between 3 and 5 Teams MUST apply together
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Team and Mentoring Mentor
Each team will have an entrepreneur/Industry Expert/VC mentor Mentors advise the startup on various issues, pitfalls etc. they may face Each team will have 6 60-90 minute sessions on skype with their mentor + email
discussions Grading
5% summer assignment 10% attendance, class participation, online discussion & surveys 20% mentor-mentee relationship 10% elevator pitch contest 10% first presentation 10% second presentation 15% final business plan presentation 20% product
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Few NVC Mentors and Speakers
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Anurag Jain –Perot Systems
Abhinav Khushraj - Nokia
Rahul Chandra – Helion VC
Sujit P – Convergent Technologies
VT Bhardwaj – Sequoia Capital VC
Anand Daniel – Accel Partners
Anil Advani – Inventus Law
Garret Dodge - Roqbot
Nickhil J - Vuclip.com
Contact Information: Sparks Connect Director of NVC, Spark Connect
Rachit Parekh ([email protected])
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Pilani Goa Hyderabad
Faculty
Prof. Arya Kumar
)
Prof. Mridula(
)
Prof. Lalitha(
)
Alumni Director
Abhinav Khushraj
)
TBA TBA
Student Representative
Geet Kalra(kalra.geet25@gm
ail.com )
Ishan Kawley(
)
Pradyumna Murhar
)
