New Venture Creation Course 2012                             Information Session     Rachit Parekh, BITS Spark Connect Tea...
RAJU REDDY                          Currently Executive VP, Global Services and Member of the                          Boa...
PHANINDRA SAMA                      Founder and CEO of Redbus.in                      •BE (Hons) EEE 1998-2002            ...
They learnt Entrepreneurship by doing it…   "The critical ingredient is getting off your butt and doing    something. The...
What is NVC / New Venture Creation Course   Develop and Execute startup idea   Write business plan including all buildin...
Why NVC?   Graduated 24 teams (since 2009). 4 teams moving onto Pre Seed Funding stage:       Smartec: Innovative Databa...
Lectures & Pedagogy   Lectures and other content       Approx 25-30 lectures on various topics related to starting and b...
Team and Mentoring   Mentor       Each team will have an entrepreneur/Industry Expert/VC mentor       Mentors advise th...
Few NVC Mentors and Speakers Abhinav      Anurag Jain      Rahul             Sujit P –              VT Bhardwaj   Anand Da...
Contact Information: Sparks Connect   Director of NVC, Spark Connect       Rachit Parekh (rachitparekh@bitsaa.org)      ...
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Newventurecreation infosession-20th April 2013 finalv2-120411121557-phpapp01

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

  1. 1. New Venture Creation Course 2012 Information Session Rachit Parekh, BITS Spark Connect Team1 Brought to you by: BITSAA International, EDIPRU and
  2. 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 2
  3. 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 3
  4. 4. 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
  5. 5. 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
  6. 6. 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
  7. 7. 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
  8. 8. 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
  9. 9. 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
  10. 10. 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

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