The application process for the 2012 NVC course involves submitting an entrepreneurial goals statement, description of past efforts, and team and individual business ideas by April 15

1. New Venture Creation Course 2012
Information Session
Rachit Parekh, BITS Spark Connect Team
1 Brought to you by: BITSAA International, EDIPRU and

2. RAJU REDDY
Currently 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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3. PHANINDRA SAMA
Founder 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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4. Gagan Chaddha
Founder and COO of Valuefirst
• MSc (Tech.) Engineering Technology (1994-1998)
• ME Software Systems (1998 -2000)
• Telcon (2000-2003)
• One of the fastest growing companies in India
• Plans to be IPO ready in 2012 > 100 crores turnover and 55-60% growth
• Raised Rs 70 crore from HSBC Private Equity Asia
• Largest Web based enterprise product in the world > Billion messages/month
• Now Present in Nigeria, Pakistan and UAE also
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5. 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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6. 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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7. Why NVC?
 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
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8. 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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9. 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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10. Few NVC Mentors and Speakers
Abhinav Anurag Jain Rahul Sujit P – VT Bhardwaj Anand Daniel –
Khushraj - –Perot Chandra – Convergent – Sequoia Accel Partners
Nokia Systems Helion VC Technologie Capital VC
s
Garret Dodge Anil Advani – Nickhil J -
- Roqbot Inventus Law Vuclip.com
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11. Next Steps: Application Process
 Entrepreneurship goals: max . 100 words
 Entrepreneurship efforts to date: max. 100 words
 Describe 1 team idea (each team member should copy/paste the biz idea
in their application) – max. 200 words
 1 individual idea – max. 200 words
 Team members: names and skills of each team member (max. 100 words
total)
 All submissions to be in .doc format, all other formats will be REJECTED
 All applications to be emailed to nvc@bitsaa.org
 Submit by 15th April 2012, MIDNIGHT
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12. Contact Information: Sparks Connect
 Director of NVC, Spark Connect
 Rachit Parekh (rachitparekh@bitsaa.org)
Pilani Goa Hyderabad
Prof. Arya Kumar Prof. Mridula Prof. Lalitha
( ( (
Faculty
aryakumar@bits-pilani.ac.in
mridula@bits-goa.ac.in lalitha@bits-hyderabad.ac.in
) ) )
Abhinav Khushraj
Alumni Director (akhushraj@bitsaa.org TBA TBA
)
Rishabh Gupta Ishan Kawley Pradyumna Murhar
Student ( ( (
Representative rishabhgupta2000@gmail.com
ishankawley@gmail.com pradyumna.murhar@hotma
) ) )
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