avanti fellows tanuj jhunjhunwala tanay chourasia

18
AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

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Page 1: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

AVANTI FELLOWSTANUJ Jhunjhunwala

TANAY Chourasia

Page 2: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

About Avanti Fellows• Avanti Fellows is a social enterprise which provides

mentorship and coaching for financially weak but meritorious high school students to crack entrance exams of prestigious institutes for undergraduate studies.

• Predominantly student-run organisation.

• Currently working with over 150 student volunteers across 7 cities.

• Over 3000 students from 400 schools across India took their selection test this year.

Page 3: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

About Avanti Fellows• A Pan IIT Alumni India Initiative

• Founded in March 2010

• Largest organisation of their kind in India

• An adaptation of online mentoring programs in the USA

• Winner at Stanford Social E-Challenge 2010 ($100,000)

Page 4: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Vision & Mission• Vision – “All bright and motivated students from low

income homes should have access to a top quality undergraduate education and the means to utilize this education to their greatest potential.”

• Mission – “We identify bright and motivated high school students and help them gain admission to and succeed at premier universities by providing them access to training, mentoring and financial aid.”

Page 5: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Value to Intended Beneficiary• Motivation, encouragement, knowledge, resources

• Mentors guide Fellows through high school and preparation for entrance exams – acting as guides, friends and role models

• Coaching is provided through collaborations with top coaching institutes in various cities

• Fellows have access to a Book Bank consisting of textbooks / notes / question papers given by IIT students

Page 6: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Selection Procedure

• Giving short introductory lectures in Schools

• Increasing awareness about colleges in India

• Application

• Aptitude Test

• Criteria: Financially Weak

• Reach out to homes

Page 7: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Mentorship Process

• Partnering with coaching institutions

• One mentor is appointed to one fellow

• The mentor motivates and encourage the fellows

• Mentors solve their doubts, concerns from parents

• Bi-weekly test (PCM) to track progress, improvement

• Not only for entrance exams but for high school studies

also

Page 8: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

President(Co-Founder)

CEO(Co-Founder)

Director (Business

Development)

Director (Operations)

Institute Core

Mentors

Managers

Mentorship

Communications

Hierarchy

Page 9: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

KrishnaOn the cover page of Outlook Magazine

(1st from right)

Page 10: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Established Geography• IIT

• Mumbai• Delhi• Madras• Roorkee• Kanpur

• JNV Puducherry• Dehradun

• Expanding to Maharashtra CET colleges, Delhi Technical University and other Tier-2 colleges.

Page 11: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Economic Model

• Initial angel funding by a Mumbai based businessman Amal Parekh (Founder, Om Stock Brokerage)

• Donations from other sources

• 50% Tax Benefit on donation

PROFIT DONATION

HYBRID SPECTRUM

Page 12: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Knowledge Mentorship

Transactions

MentorsAvanti

Fellows

DonorCoaching

Institutions

Fellows (IB)

Seats

Publicity

Satisfaction

Res

ults

/Pub

licity

Kno

wle

dge

Opp

ortu

nity

R

esou

rcesF

unds

Page 13: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

SWOT Analysis

Opportunity Explore Exploit

Threat Escape Engage

Weak Strong

Page 14: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Resources• Human Resource

• Knowledge, Experience, Self-motivation of mentors

• Finance• Through donors

• Technology and Infrastructure• Physical infrastructure required for conducting sessions and exams

• Organisation & Management• Corporate team, Core team, Managers and Mentors

• Networks and Relations• Relations with Schools and Coaching Institutes• Networks such as Facebook

Page 15: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Challenges Faced

• Language

• Motivational

• Dropout

• Costs

• Mentorship during vacations

Page 16: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Prognosis

• Converting to a slightly profit oriented financial structure

• Started a Fixed Deposit with the first corpus donation

• Expansion to other streams such as Medical etc.

• Expansion to 2nd Tier colleges such as Delhi Technical

University, VJTI Mumbai

• Growth in the number of fellows

• To improve the selection procedure

Page 17: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

Acknowledgements

• Mr. Naga Reddy, Director (Operations)

• Adhiraj Alai (Avanti Core Team, Chennai Chapter)

• Soham Chokshi (Mentorship Manager, Chennai Chapter)

• Aniruddh Padia (Mentorship Manager, Puducherry

Chapter)

Page 18: AVANTI FELLOWS TANUJ Jhunjhunwala TANAY Chourasia

THANK YOU