Navonmesh VC Challenge_2010


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Navonmesh 2010– The Entrepreneurship Convention , is one of the flagship events of Avenues 2010 , the Annual Business Festival of SJMSOM , IIT Bombay .

Play the role of Venture capitalists evaluating selected bplans in the event "The VC Challenge".

For details of Avenues,

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Navonmesh VC Challenge_2010

  1. 1. ` Technopreneur Promotion Programme Presents Navonmesh: The Entrepreneurship Challenge In Association with VC Challenge – Event Launch AVENUES 2010 Knowledge Partner
  2. 2. Greetings from Team Navonmesh Navonmesh, the entrepreneurial challenge, aims to breathe in a new life to the spirit of innovation and enterprise in the country. This event will be a part of Avenues 2010, the annual business festival of IIT Bombay, conducted by the Shailesh J. Mehta School of Management, IIT Bombay. At Navonmesh, our objective is to offer a helping hand to start-ups and sensitise the modern business school fraternity about the potential and power of their enterprise. We have chosen TePP innovations/start-ups and have invited teams to prepare business plans around those start- ups. The student B-plan teams will parallelly draft their final B-plans. We now invite teams from various B-schools from across the country to act as Venture Capitalists who will evaluate the Business plans prepared by the B-plan challenge teams. Venture Capital challenge provides a unique opportunity for students to get the first hand experience in evaluating the feasibility of LIVE business proposals, typically of a start up in need of venture funding. In doing so, the team must also keep the Venture Capitalist’s profile in mind. Best Regards On behalf of Shailesh J. Mehta School of Management and Team Navonmesh, Akshay Dalmia Shanthi Yarlagadda Parth Damor Mobile +91 99209 50269 Mobile +91 99601 18885 Mobile +91 97695 86261 Navonmesh 2010: B-Plan Challenge Page 2
  3. 3. Timelines Registration commences 22th September 2010 Deadline to choose Start-ups 28th September 2010 Allotment of Start-ups 29th September 2010 Submission of Executive Summary 4rd October 2010 Release of I Phase Selected Teams 5th October 2010 Final Analysis Submission 15th October 2010 23:59:59 Indian Standard Time B-Plans Sent to Selected Teams 16th October 2010 Navonmesh Final Event 23rd October 2010 General Rules  A team can have a maximum of 2 members who are from the same institute.  Exchange Students can also participate.  Any number of teams can participate from an institute.  One student cannot be part of more than one team.  Registration for Navonmesh involves the following steps:  Register yourself at Register yourself at  Go through short descriptions of the start-up firms that will be mailed to you subsequent to your registration by 26th September, end of day.  Each team is required to e-mail us their top 3 start-up preferences in the below format and we will allot two start-ups from these to your team based on the availability. Team Name, College Name Start-up Rank Start-up Name First Second Third  Send in your entries to the email id , keep the subject as <Navonmesh10>_<TeamName>_<collegeName >  On receiving this registration mail, we will send you a detailed document on the 2 start-ups allotted to you, which will help you in preparing the B-plan Navonmesh 2010: Venture Capitalist Challenge Page 3
  4. 4.  Request for change of Start-up or team structure will not be entertained once allotted. Instructions (VC Challenge Phase 1: B-plan evaluation) You are part of a venture capital firm founded in May 2009 in India. It is looking for investment opportunities and has raised US $ 15 million from investors for a period of 5-7 years. Your firm wants to collaborate with businesses that have potential to grow big. The businesses should in the high growth stage that needs expertise and contacts of a VC to scale its operations.  In the first round the participating teams are required to submit an analysis of the Start- ups allotted, based on the attractiveness for funding and present an analysis..  The details of how to go about the analysis will be mailed to you with the start-up allotment. Navonmesh 2010: Venture Capitalist Challenge Page 4
  5. 5. OUR PARTNERS: Technopreneur Promotion Programme (TePP) is India’s largest network program supporting Independent Innovators. The network with its 30 outreach centres spread across the country provides grants, technical guidance and mentoring support to independent innovators. The purpose of this support is to enable innovators emerge as entrepreneurs by incubating their ideas and enterprise. Since the time of its inception, over 250 innovations have been supported under TePP. It is positioned as a pre-seed fund for start-ups. Cumulatively, TePP accessed around 7500 ideas, evaluated over 1650 proposals and supported over 240 innovations. TePP pioneered network movement to make the support accessible for all eligible innovators and to add value in screening and monitoring. Modern communication tools are used to get all the stakeholders involved, chief among them are ‘TePP blog’ and the LinkedIn Group, ‘Friends of Indian Innovators’. SIDBI Venture Capital Limited (SVCL) is a wholly owned subsidiary of SIDBI, incorporated in July 1999. Current funds managed by SVCL are:  National Venture Fund for Software and Information Technology (NFSIT) - Set up by Small Industries Development Bank of India (SIDBI) in association with Ministry of Information Technology (MIT), Govt. of India during 1999-2000. It is a close ended 10 year fund with a corpus of Rs. 1 billion. The fund is presently in the divestment stage.  SME Growth Fund (SGF) - It is a close ended 8 year fund dedicated to SME sector with a corpus of Rs. 5 billion. The Fund commenced its operations in 2004-2005.The main objective of the fund is to invest in companies at early stage as well as in second round financing for those with a track record of proven technology or business model and opportunities for growth and earnings. The nonprofit National Entrepreneurship Network was established in 2003 with a mission to create and support high-growth entrepreneurs, driving job-creation and economic growth in India. NEN represents India’s largest and most dynamic community of new and future high-growth entrepreneurs, with over 70,000 members in 30 cities. It provides critical support to start-ups and early- stage entrepreneurs through high-impact entrepreneurship education; access to mentors and experts; fast-track access to incubation and funding; and learning tools and materials. Navonmesh 2010: Venture Capitalist Challenge Page 5