Sushanto Mitra Tr35 Award

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Sushanto Mitra Tr35 Award

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Sushanto Mitra Tr35 Award

  1. 1. Incubating Your Innovation Some Learnings Sushanto Mitra Chief Executive Officer Society for Innovation & Entrepreneurship IIT Bombay
  2. 2. Incubator- Services <ul><li>Assist early stage startups to grow in a nurturing environment </li></ul><ul><ul><li>Provide office/lab space </li></ul></ul><ul><ul><li>Develop business strategy </li></ul></ul><ul><ul><li>Connect to ecosystem </li></ul></ul><ul><ul><li>Mentoring </li></ul></ul>
  3. 3. Incubators- Models <ul><li>Incubators charge market or subsidized rentals </li></ul><ul><li>Take equity or royalty on sales </li></ul><ul><li>Provide loans or investment </li></ul><ul><li>Governments & host institutions subsidize them </li></ul>
  4. 4. Incubator- IIT Bombay <ul><li>Set up in 1999 as a pilot </li></ul><ul><li>Focused on technology </li></ul><ul><li>Team with business backgrounds </li></ul><ul><li>Equity consideration model </li></ul>
  5. 5. Idea-Market Matrix Failure Success Me Too Degree of Innovation Size of Market Stunted Growth
  6. 6. Value =Idea X Execution <ul><li>Problem - Size of the problem </li></ul><ul><li>Solution - Key Differentiator </li></ul><ul><li>Team - Capability </li></ul><ul><li>Entry - Early Feedback </li></ul><ul><li>Time - Valley of Death </li></ul>
  7. 7. Critical Success Factors <ul><li>Market – Early Alignment </li></ul><ul><li>Agility - Mid-Course Corrections </li></ul><ul><li>Team – Complementary Skills </li></ul><ul><li>Advisors – Filing in the gaps </li></ul><ul><li>Cash Flow – Funding Gestation Period </li></ul><ul><li>Exit - M&A </li></ul>
  8. 8. Eco System Solutions <ul><li>Partnerships - </li></ul><ul><ul><li>Entrepreneur </li></ul></ul><ul><ul><li>Industry </li></ul></ul><ul><ul><li>Government </li></ul></ul>
  9. 9. Thank You [email_address]

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