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
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
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 – 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
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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
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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 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
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6. 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
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7. 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
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8. 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
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9. 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
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10. 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
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11. Next Steps: Application Process
Entrepreneurship goals: max . 100 words
Entrepreneurship efforts to date: max. 100 words
Describe 1 team idea (each team member should copy/paste the biz idea
in their application) – max. 200 words
1 individual idea – max. 200 words
Team members: names and skills of each team member (max. 100 words
total)
All submissions to be in .doc format, all other formats will be REJECTED
All applications to be emailed to nvc@bitsaa.org
Submit by 15th April 2012, MIDNIGHT
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