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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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