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
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New Venture Creation Course Info Session
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 â Hitachi Consulting
⢠Former Founder and CEO, Sierra Atlantic
â˘BE (Hons) EEE
â˘1976-1981
â˘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
â˘BE (Hons) EEE 1998-2002
â˘Design Engineer at ST Microelectronics
â˘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 itâŚ
ď˝ "The critical ingredient is getting off your butt and doing
something. The true entrepreneur is a doer, not a dreamer.â
- Nolan Bushnell, Atari Video
Games
ď˝ âThe way to get started is to quit talking and begin doing.â
â Walt
Disney
ď˝ âVision without execution is hallucinationâ
- Thomas Edison
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6. What is NVC / New Venture Creation Course
ď˝ Develop and Execute startup idea
ď˝ Write business plan including all building blocks
ď˝ Work with assigned Mentors to fine tune
ď˝ Learn via guest lectures from entrepreneurs and investors
ď˝ Win Pre-seed funding post semester
ď˝ 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?
ď˝ Graduated 24 teams (since 2009). 4 teams moving onto Pre Seed Funding stage:
ď˝ Smartec: Innovative Database Systems
ď˝ TunePatrol: Social Music Discovery
ď˝ Aadharshila: Interactive Online Education
ď˝ Photowalkr: Photography Education
ď˝ Note that the course only provides a framework, the teams must seek, learn and
build their startups themselves
ď˝ Itâs intense and attendance IS COMPULSORY
ď˝ Who shouldnât apply:
ď˝ Casual learners or those looking for an easy grade. We wonât hesitate to give Cs & Ds
ď˝ If you donât have time to attend EVERY session. We have external speakers so itâs
imperative that everyone attends
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8. Lectures & Pedagogy
ď˝ Lectures and other content
ď˝ Approx 25-30 lectures on various topics related to starting and building an
organization taken over web-conf.
ď˝ Elevator pitch contest
ď˝ Three pitch-deck presentations
ď˝ Six 60-90 min skype sessions across the semester with the respective mentors
besides interactions over mail etc.
ď˝ Each team will be expected to start some work over the summer
ď˝ Speaker Profile
ď˝ Entrepreneurs or Startup CEOs
ď˝ Venture Capitalists
ď˝ Industry Experts (blue chip companies, attorney etc.)
ď˝ Team
ď˝ Size should be between 3 and 5
ď˝ Teams MUST apply together
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9. Team and Mentoring
ď˝ Mentor
ď˝ Each team will have an entrepreneur/Industry Expert/VC mentor
ď˝ Mentors advise the startup on various issues, pitfalls etc. they may face
ď˝ Each team will have 6 60-90 minute sessions on skype with their mentor + email
discussions
ď˝ Grading
ď˝ 5% summer assignment
ď˝ 10% attendance, class participation, online discussion & surveys
ď˝ 20% mentor-mentee relationship
ď˝ 10% elevator pitch contest
ď˝ 10% first presentation
ď˝ 10% second presentation
ď˝ 15% final business plan presentation
ď˝ 20% product
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10. Few NVC Mentors and Speakers
Abhinav Anurag Jain Rahul Sujit P â VT Bhardwaj Anand Daniel â
Khushraj - âPerot Chandra â Convergent â Sequoia Accel Partners
Nokia Systems Helion VC Technologie Capital VC
s
Garret Dodge Anil Advani â Nickhil J -
- Roqbot Inventus Law Vuclip.com
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11. Next Steps: Application Process
ď˝ Entrepreneurship goals: max . 100 words
ď˝ Entrepreneurship efforts to date: max. 100 words
ď˝ Describe 1 team idea (each team member should copy/paste the biz idea
in their application) â max. 200 words
ď˝ 1 individual idea â max. 200 words
ď˝ Team members: names and skills of each team member (max. 100 words
total)
ď˝ All submissions to be in .doc format, all other formats will be REJECTED
ď˝ All applications to be emailed to nvc@bitsaa.org
ď˝ Submit by 15th April 2012, MIDNIGHT
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