Newventurecreation infosession-20th April 2013 finalv2-120411121557-phpapp01
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Newventurecreation infosession-20th April 2013 finalv2-120411121557-phpapp01 Newventurecreation infosession-20th April 2013 finalv2-120411121557-phpapp01 Presentation Transcript

  • New Venture Creation Course 2012 Information Session Rachit Parekh, BITS Spark Connect Team1 Brought to you by: BITSAA International, EDIPRU and
  • 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 2
  • 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 3
  • 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 4
  • 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 5
  • 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 6
  • 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 7
  • 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 8
  • 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 9
  • 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 ) Ishan Kawley Pradyumna Murhar Student Geet Kalra ( ( (kalra.geet25@gmail.co Representative m) ishankawley@gmail.com pradyumna.murhar@hotma ) ) 10