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TIDESACCELERATORPROGRAM(TAP)

TIDESBusinessIncubatorAcceleratorProgramme

INTRODUCTION

TIDES Business Incubator Accelerator Programme is designed for early stage startupswith innova?vetechnologies in Internet of Things (IoT) and B2B sector. The programme arms the startups throughrigorous mentoring and networking opportuni?es so as to accelerate their growth and economicviability.

The startups under this accelerator programme will get support from vast and established mentornetwork,exclusiveevents,workshopsandevergrowingalumninetworkofIITRoorkeeandbeyond.

The four month accelerator programme focuses on rigorous guidance, training, resources andnetworkinggettogetherthatcanfurtheracceleratethelearningcurveanddevelopmentofeachstartup.

During16weeks,startupswillrefinetheirbusinessmodel,solidifytargetmarketandworkone-on-onewithexperiencedmentors,angelinvestorsandbusinessexecu?vesandexpandtheirnetwork.

The programme will be managed by a steering group with representa?ves from TIDES BusinessIncubator,IITRoorkee,NanyangTechnologicalUniversity(NTU)SingaporeandTiE(ProgramPartner)and(TechnologyPartner).

TIDESwillseekanominalequityshareinthestartupinlieuofpar?cipa?onfromthestartupintheTIDESAccelera?onProgramme.

ELIGIBILITYCRITERIA

• Under the Startup IndiaAc?onPlan, startups shouldmeet thedefini?onasprescribedundertheG.S.R.no?fica?on501(E)ofGovt.ofIndia.

• Earlystagestartupsbackedbyinnova?veandtechnologybasedideasinthefocussectorofIoTandB2B.

• Havingastrongcoreteam.

APPLICATIONPROCEDURE

• TIDESwillcarryoutpromo?onandaSractapplica?onsthroughonlineportal

• Onlineapplica?onswillbeinvitedthroughTIDESWebsiteinprescribeformat

• Op?onisalsoavailabletogetapplica?onthroughpartnerchannelssuchasF6S,etc.

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Fuel your Startups HERE

SELECTIONPROCEDURE

Theselec?oncommiSeewillincludeTIDES,representa?vesfromIITRalumni,programpartners,mentorsandinvestors.

• TIDESCoreTeam(TIDES,FacultyIncharge,Mentor)reviewtoselect50applica?ons

• Expert(Externalexpert,investor)Reviewwithexternalexperttoshortlisttop30

• Discussionwiththeselec?oncommiSeetofinalize15startupsfortheprogramme.

Selec?oncriteria

Thefinalbusinessplanswillbeevaluatedoneachofthefollowingcriterion–

• ValueProposi?on

• Innova?veness

• MarketOpportunity

• Scalability

• Compe??on

• Viability

• Socialimpactandambi?on

PROGRAMBENEFITS

ThefourmonthAcceleratorProgrammewillprovidefollowingbenefitstoeachstartup

• Co-working space thatwill be thepla]orm for interac?on and knowledge sharingwithotherstartups

• Regular interac?onwithexperts to share,discussand reviewprogress to resolvequeries andprovide?melybusinessadvice.

• Training programmes – boot camps, training workshops, seminars and panel discussions onvariedtopicsconcerningtheirbusinesslikeDesignthinking,marke?ng,finance,IPR,legaletc.

• MentorConnect:hands-onmentoringwithexpertsand leadingtechfoundersforprofessionalguidance,reviewprogressandtechnicaladvice.

• Networkingforums:interac?onwithexperts,investors,alumniandprofessionalduringvarioustrainingandmentoringsessions

• Demoday:lastweekpitchtoinvestortoconnectwithpoten?alinvestors.Inthisselectedonesmaygetsubstan?alcapitalfunding.

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PROGRAMMESCHEDULE

Month Ac?vity

Registra?on(One

Month)

Onlineregistra?onwillbeopenedforawindowofonemonthforreceivingapplica?onsthrough:

• TIDESWebsiteinprescribeformatorthrough• Partnerwebsite• Referrals/networks• Marke?ng/Socialmediamarke?ng

Screeningand

Shortlis?ng

Amongalltheapplica?onsreceived• 50applica?onswillbeselectedthroughScreeningwithTIDESTeam• 30ofthemfurtherselectedforExpertReviewfollowedbyInterview• 15selectedapplica?onswillbeselectedfortheAcceleratorProgramme

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THESHORTOVERVIEW

Through Boot Camp, workshops, mentor interacIon and networking acIviIes, the 16 weekprogramme focusses to impart knowledge and pracIcal experiences through case studies in thefollowingareas:

• Businessplandevelopmentassistance

• PitchDeckTraining

• Teams,VisionandMilestonebuilding,leadership,self-mo?va?onand?memanagement

• Marke?ngandbusinessdevelopmentassistance

• Communica?onandbranding

• IPR,trademarkandcopyrights

• FundingandInvestmentsforpricingandvalua?on

1stMonth

ThiswillbecalledBootCampmonthandwillfocusonfollowingac?vi?es• JoiningProcedures• Introduc?onandOrienta?on• Teamnetworkinglunch/DinnerwithexpertsandMentors• IITRoorkeeCampusTourandothersetupformali?es• Alloca?onofBuddyMentor• USarakhandIndustrialAreaVisit• BootCamponcommonbusinesstopics• Pre-CampB-planpresenta?onsfromthestartups

2ndMonth

ThiswillbecalledAcceleraIonmonth.

• Training&Workshoptwiceperweekoncommonbusinesstopics• BusinessIdeaPresenta?onwithBuddyMentoranddiscussionofstartups• Collabora?onMeetwithStartupandStartupTalks

3rdMonth

ThiswillbecalledSecondAcceleraIonmonthwithfollowingac?vi?esonweeklybasis• TrainingWorkshoptwiceperweekonspecifictopics• MentorMeetdayonceaweekperstartup• Consulta?onforspecificissuesandofferingsupport• Teammee?ng• NetworkingMeetwillallstartup,TIDES,Mentors,Experts,Alumni

4thmonth

ThiswillbecalledLaunchmonthwithDemoWeek

• DemoWeek-2-3startupsperdayfollowedbyexpertreview• ExpertReviewandguidance• Finaliza?onofBusinessPlan• Grandfinaleandnetworkingevent

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• FinanceandAccoun?ng,Taxa?on,financialperformance

• UseofTechnology,Ar?ficialIntelligence,IoT

• ProductDevelopment,prototypingand

• Onetooneexpertadvicefrombuddymentor

• Interac?onswithCoworkingstartupteams

• AccesstoIITR-TIDESnetworkincludingalumniandfacultymembers

STARTUPBOOTCAMP

The start-up Boot Campwill be an intensive fourweek programme thatwill focus on integra?ng thestartupsintheTIDESBusinessIncubatorecosystemandprovidetrainingsonimportantentrepreneurialtopics like lean startup, businessplan structuring, pitchdeck training.During this periodeach startupteamwillbelinkedwithexpertmentorfromthesimilarsectorthatwillprovidehandsonexperienceandtargetedsupervisionduringweeklyinterac?ons.

Topicscovered:

• About the accelerator programme, TIDES business Incubator, innova?on and incuba?onecosystematIITR,itsnetworkandalumni

• Personalintroduc?onofpar?cipantsandideapresenta?on

• Entrepreneurship–TheroleoftheEntrepreneur,ProfileandHumanBehavioralAssessmentsoftheTeam,learningfrommistakes,becomingsuccessfulentrepreneur

• Leanstartup–theuseofminimumviableproductinproductdevelopment.

• Business Plan Structuring – idea valida?on, building minimum viable product (MVP), designthinking.

• Valida?ngStartupIdea

• BuildingTeam

Objec?ve:

• To introduce the par?cipants with important issues regarding entrepreneurship and productdevelopment.

• Assisteachpar?cipa?ngbusiness todefineabusinessmodelwhichwillbe the founda?on forfurtherworkduringtheprogramme.

• Assist in problem solving issues and obstacles iden?fied and evaluated duringweeklymentormeet.

• Ensureeachstartuptohavethebasicunderstandingonstartupgrowthandescalatetolearningmonth

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• STARTUPACCELERATION

TheStartupAccelera?onphasewillbefortwomonthsthatwillprimarilyfocusondevelopingtheideaandtoescalateand intensifytheirdevelopmentandcommercializa?onprocesses.Eachstartupwillbeundergoing200+hoursoffocused&rigorousworkshopsinaperiodof16weeksonsignificantaspectsof the startup growth including building winning elevator pitch, marke?ng and communica?on, legalcompliances,fundingandinvestment,productdevelopmentetc.

Eachworkshopwillbe followedbycasestudiesandcustomizedexercises forcomprehensive learning,andnetworkingwithcoteams,TIDESnetworkandinvestors.Duringthisphasetwopitchtrainingsessionwillbeconductedonlastweekofboththemonthsenablingthestartupcompaniestobereadyfortheirelevatorpitchduringthedemoday.Eachpitchtrainingsessionwillbesupportedbyonetoonementormeeteveryweekforprogressupdate,preciseandfocusedguidancetopreparetheirwinningpitch.

TopicsCovered-

• Team,Milestones, Vision – vision andmission, team building, human resource, managementleadership,self-mo?va?on,?memanagement,decisionmaking

• Pitch Deck – how to make “winning elevator pitch”, investor requirement, presenta?on andnego?a?onfollowedbytwotrainingsessions.

• Incorpora?ngCompany(Processes)&Taxa?on

• LegalMaSers

• Finance and Accoun?ng – financial planning, cash flow, taxa?on, budge?ng, financialperformancemanagement

• Sales&Marke?ng–customerdiscovery,salesgrowththroughdataanaly?cs,marketfitproduct,marketresearch,marketsegmenta?on

• Communica?onandBranding-brandingandmarke?ngstrategies.

• Funding and Investment – pricing and valua?on, funding strategies and opportuni?es, VC,fundingstages,methodsandtools

• Technology-ICT,onlinemarke?ng,bigdataanaly?cs,IoTAr?ficialintelligence

• Product Design and Product Development - product development roadmap, prototyping,customercontracts,patents

• UserResearch&DesignThinking

• WorkshoponBusinessModelCanvas

Objec?ve:

• Toprovidedeepunderstandingofopera?onsandensureacceleratedgrowthofeachstart-ups.

• Iden?fy issues, problems and boSleneck in the growth trajectory of startup and provideappropriateadviceandsolu?ons

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• ToassiststartuptocreatethewinningpitchforthedemodayandpartnerwithIITR–TIDESnetworkforfurtherexpansionandcollabora?ons.

STARTUPLAUNCH&DEMO

Towardstheendoftheprogramme,eachstartupcompanywillshowcasetheirstartupandtheirwinningpitch deck to a group of selected Angels, Private Equity and Venture Capitalists, corporate partners,clientsandTIDESIITRnetwork.

Topicscovered–

• StartupEcosystem

• Events,People,Funds,Investorstofollow

• RoutesforTechnologyCommercializa?on

• Protec?ngIntellectualProperty

• BusinessCulture

• WhatittakesforaStartup

• Thiswillbeintegratedwithvisittothecampusoftechnologypartnerandtheprogrampartner. The Demo Week is followed by a gradua?on ceremony for the teams,celebra?ngtheteams’gradua?onfromTIDESAccelera?onProgram.

SessionsthatwillbeorganizedintheAcceleratorProgramme

1.ValidaIngStartupIdea

WhataretheThingsYouNeedtoknowtoValidateYourStartupIdea?

2.BuildingTeam

Purpose,importanceofstrongteamandhowcanstrongteambebuilt.

3.IncorporaIngCompany(Processes)&TaxaIon/LegalMa[ers

Keythingswehavetoconsiderwhileregisteringourstart-up.

4.Productdesign

WhiledesigningaproductwhataSributeswehavetoconsider?

5.Fundraising

PitchSlidesfromsomesuccessfulentrepreneurs.

6.SalesHacking/Growthhacking

Iden?fica?onofmosteffec?ve,efficientwaystogrowabusiness

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7.Marketresearch&Duediligence

Variouswaysofgatheringinforma?onaboutconsumers'needsandpreferences.Andaoertheresearch,whatarethereasonablestepstobetakenforbenefitofbothcustomerandstart-up.

8.FinancialModelling

Mathema?cal model designed to represent the performance of a financial asset or por]olio of thestartup.

9.FinanceBasic/Terms

Assets,Liabili?es,Expenses,CashFlow,Balancesheet,Profit&Lossstatement,etc.

10.StartupEcosystem,Events/People/Funds/Investorstofollow

Knowaboutthestartupecosystem

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TIMELINE

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Month Ac?vi?esTIDESAcceleratorProgramme

1 2 3 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

SourcingandApplica?on

Resourcingtheapplica?onfromdifferentsources

ScreeningbytheTIDESCoreteamandselec?ng30applica?ons

ExpertReviewandselec?ng15applica?ons

Discussion&finaliza?onof10startupforAcceleratorProgramme

Comple?onoftheJoiningDocumenta?on

BootCamp1stMonth

Introduc?onandorienta?onoftheProgramme

Teamnetworkinglunch/DinnerwithTIDESTeamandMentors

SeSlingdownwithstartupsetup

Alloca?onofBuddyMentor

BootCamponcommonbusinesstopicstwiceinaweek-6topics

Accelera?on2ndMonth

TrainingWorkshoptwiceperweekonspecific/generictopic

BusinessIdeaPresenta?onwithBuddyMentoranddiscussioninbatchof3startupsperday

Collabora?onMeetwithStartupandStartupTalks

Accelera?on3rdmonth

TrainingWorkshoptwiceperweekonspecifictopic

MentorMeetdayonceaweekperstartup

Teammee?ng

NetworkingMeetwillallstartup,TIDES,Mentors,Experts,Alumni,

Launch4thMonth

TrainingWorkshoptwiceperweekonspecific/generictopic

MentorMeetdayonceaweekperstartup

ExpertReviewandguidance

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