New Venture Course (NVC) by BITS Pilani

New Venture Creation Course 2012Information Session

Brought to you by: BITSAA International, EDIPRU and CEL

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Rachit Parekh, BITS Spark Connect Team

RAJU REDDYCurrently 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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PHANINDRA SAMAFounder 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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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

Gagan Chaddha

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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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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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Why NVC?

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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

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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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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Few NVC Mentors and Speakers

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Anurag Jain –Perot Systems

Abhinav Khushraj - Nokia

Rahul Chandra – Helion VC

Sujit P – Convergent Technologies

VT Bhardwaj – Sequoia Capital VC

Anand Daniel – Accel Partners

Anil Advani – Inventus Law

Garret Dodge - Roqbot

Nickhil J - Vuclip.com

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 [email protected]

Submit by 15th April 2012, MIDNIGHT

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Contact Information: Sparks Connect Director of NVC, Spark Connect

Rachit Parekh ([email protected])

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Pilani Goa Hyderabad

Faculty

Prof. Arya Kumar

([email protected])

Prof. Mridula(mridula@bits-

goa.ac.in)

Prof. Lalitha(lalitha@bits-

hyderabad.ac.in)

Alumni Director

Abhinav Khushraj

([email protected] )

TBA TBA

Student Representative

Rishabh Gupta(rishabhgupta200

[email protected] )

Ishan Kawley(ishankawley@gm

ail.com )

Pradyumna Murhar

([email protected])