When: March 9-15, 2014 | Where: IIT-Madras
Who should attend: Any faculty, staff, student or alumni with an interest in Entrepreneurship
Sunday, March 9th : E-Week Kick-Off
Events: The Inaugural will session will present the IITM Incubation Eco-system and the Incubation process at IITM. This will be followed by a panel discussion on Incubation at IITM with 5 entrepreneurs who have been incubated over the past year. This is a great opportunity to meet people from the IITM Incubation Cell and to ask questions on Incubation.
Time: 4:00-6:00 p.m | Venue: ICSR Auditorium
Monday, March 10th: My Story Session 1: The Joys and Challenges of Entrepreneurship
Events: Listen to and interact with successful entrepreneurs (from inside and outside the IITM Ecosystem) talk about their experiences and share their stories.
Time: 5:00-7:00 p.m | Venue: ICSR Auditorium
Tuesday, March 11th: Innovation Clinic
Events: Prospective entrepreneurs present early stage ideas to a panel of experienced entrepreneurs and investors. Key themes this year are Socially Relevant Ventures, Business Services and Web-based/Mobile Apps. Audience is welcome
This event involves Pre-Registration. To Pre-register, send an email to firstname.lastname@example.org and provide your name and venture area.
Time: 5:00-7:00 p.m | Venue: CRC
Wednesday, March 12th: Student Innovation Day
Events: Students can showcase their innovations either in the form of a poster or a prototype, and receive feedback on the commercial potential of their ideas.
Registration is still open. If you have an idea that you have worked on, send an email to email@example.com and provide your name and a brief description of your idea.
Time: 5:00-7:00 p.m | Venue: CFI
Innovation DayWhat: Prospective entrepreneurs and innovators will display posters and prototypes of ideas that they have been working on in an 'open-house' format.
A group of seasoned entrepreneurs/investors will act as a sounding board to help discuss the commercial potential of these ideas.
Where: CFI (Center for Innovation)
Wednesday, March 12th: Faculty Entrepreneurship Forum | Time: 5:00-7:00 p.m | Venue: ICSR Hall 2
'I Have a Product Idea, How do I Proceed?'
What: This event is primarily aimed at faculty intending to commercialize research (although interested student/staff/alumni are welcome to attend as well). 4 panelists will conduct an interactive discussion on this topic.
The panelists and the topics that they will speak on are:
1. Mr Srinivas Sundar -- Ex CGM of SBI, Member Board of Directors, Tamilnadu Industrial Investment Corporation (TIIC)
Topic: Does your "choice of product" meet the customer/ market need. Calculated risk taking.
2. Mr V.Sekar Jt MD, Formulated Polymers Ltd. Chairman, Indian Plastic Institute, Chennai chapter.
Topic: The problems you may face on the way to commercialization. "Dar kay aagay jeet hai"
3.Mr Debajyoti Ray Choudhury -- Deputy General Manager and Head, Project Finance Cell, Commercial Branch, State Bank Of India.
Topic: Different schemes for financing your project.
4. Mr S.M.Jamkhandi -- Director, MSME Development Institute
Topic: Statutory clearances 101 for entrepreneurs
Thursday, March 13th: My Story Session 2: The First Step
Time: 5:00-7:00 p.m | MRC
Friday, March 14th: Faculty Innovation Day
Events: Five IITM faculty present and discuss challenges in commercialization
Time: 5:00-7:00 p.m | Venue: ICSR Hall 2
When: 5-7 p.m @ ICSR Hall 2
Saturday, March 15th: Incubation Drive
Events: Anyone with an idea/innovation that is ready for commercialization and would require incubation support through the start-up phase can present their business plan and be considered for incubation at IITM!
Registration is still open. If you are interested in incubation, please fill out the attached form and submit to firstname.lastname@example.org.
Time: 2:00-4:00 p.m | Venue: IITMRP Hall 1
Saturday, March 15th: Closing Session – Panel Discussion on Entrepreneurship@IITM
Events: E-week concludes with a panel discussion on the way forward for entrepreneurship@IITM. Panelists include our Director Prof Bhaskar
Ramamurthi, Prof Ashok Jhunjhunwala and representatives from the Alumni and Entrepreneur Communities.
Time: 5:00-7:00 p.m | Venue: ICSR Hall 2
We look forward to your participation.
It is a ticketed event, but we are happy to offer 15 free tickets to IITMIC and RTBI incubatees. Tickets are available here.
***Startup Grind Chennai hosts Suresh Kalpathi (Angel Investor; Founder - AGS, Kalpathi Investments, SSI)
A successful entrepreneur, who he is currently an active venture capitalist, angel investor and businessman. He starting off his entrepreneurial journey in 1991 with SSI Ltd, which was one of India's leading IT and IT Training Firms. He had successfully bought out Aptech and merged SSI's education arm with Aptech. He later sold SSI to the PVP Group for around INR 10 Billion. Having built and created a hugely successful global brand, the Kalpathi Group has now turned its focus on encouraging young entrepreneurs to create new global brands with their flagship company Kalpathi Investments, a Chennai based VC Fund. The group is also developing an entertainment business on its own under the brand of AGS that includes production, distribution and exhibition.
6:30 PM Networking and Food
7:00 PM Fireside Chat
8:00 PM Networking
First 'Entrepreneur Speaker Series' co-hosted with IITM's RTBI and Startup Grind on 16th Dec at IITMRP.
****Take-away from the session:
About Starting up
- Leaving the job, Leaving the comfort zone is 50% of the battle won
- Clarity and ability to create absolute value is 25% of the battle won
- Financing, Structuring, Growth are final 25% of the battle won
Clarity about Creating Value, Scaling up is very important.
Plan B should always be ready (eg. 2000-2001 crash)
Take risks with Equity early on. Equity is your plan B.
From the VC POV
- VC look for exits. 3 - 5 years
- VCs time their exit to maximize value
- Different risk aptitudes depending upon the funding source
- Invest in Agriculture, Education, IT, Entertainment and Micro-finance
- Come in at extreme early stage. Not valid if you already have a investor
- Look for momentum in Customer Acquisition
- Business plan not always required. They help companies build a reasonable business plan
- Basics never change
- Set benchmarks, they give you momentum
- Entrepreneurship is like a train journey - know where to get off, inform people, take caution that your getting off does not derail the train
- Quality of your business plans tells about the quality of your team
- Keep learning. Relationships then have respect. (eg. learning finance during IPO to publish 1st report for the shareholders)
PANIIT 2013 Business Plan Competition | Deadline for submission - Oct 13 2013
Are you innovative? Are you up for the entrepreneurial challenge? Then get your business plan ready and participate in the PANIIT business plan competition.
Who can participate? Any team with at least one member from the IIT community, which includes current students, alumni, staff, spouse or children of alumni.
For more information click here
Funding from Centre for IC&SR to student entrepreneurs - 13 Sept 2013
Innovative Student Projects: To encourage Innovative Projects which will have scope for incubation and lead to potential enterprises, the Centre for IC&SR will provide financial support to students of B.Tech., Dual Degree and M.Tech. Funding will be for a maximum of Rs.2 lakhs per project. No major equipment can be purchased or staff appointed out of this grant. Every year, the Centre for IC&SR will issue circular inviting project proposals from students through the Guide and HoDs for financial support of IC&SR. Students should send their Project proposals to IC&SR in form S 14 through the faculty guide and the concerned HoD.
Organiser: The Centre for IC & SR in association with IITMIC, IITMEF, CFI and C-Tides
Program agenda: Achievement motivation training, marketing, basic accounting, break even analysis
Venue: IC & SR building
13-14 April 2013: Biofest was a grand success. The two-day event was organised by the Department of Biotechnology, IITM the second time with a mission of promoting research and innovation in various fields of Bioengineering and Biosciences. Being one of the few student-organized technical festivals, Biofest provides an ideal platform for industry-academia and industry-student nexus. The Biofest open quiz was the highlight of the event. About 40 teams registered for the event. Jayadev Bhaskaran and Aravindabharathi R from IITM won the first prize of Rs 4000. The fest also showcased K Rajeshwari’s talk on the path of a technopreneur. She is the founder and managing director of Bioklone, Chennai.