startup activator services for academic institutions

StartupActivator Nurturing Aspiring Entreprneurs, accelerating Startups and

empowering Academic Institutions to foster entrepreneurship

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( 7 ) steps

1. Culture development through> Formation of student society and training of selected students.> Conduct of Entrepreneurship Awareness program

> Conduct of business plan competition to identify first 5-10 business ideas.

2. Conduct of Bootstrap program / workshops in association with companies ( Minimum 4-6 in a year Fee based / Non fee based )

> Technical workshops / hackathons- Mega Trends and business opportunity ( Google Glass, Cloud, Social media etc.)

- Open source technologies ( OpenERP, tryton, python, Neried )- Mobile applications - Robotics- Data analytics

- IPR ( Patent, Trade marks, Copyrights)> Entrepreneurship workshop / seminar

- Ideation to Execution- Business planning

- Challenges in venture creation- Fundings – Where and how

- Acquiring first 10 customers

Empowering Academic Institutions to promote innovation and entrepreneurship

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( 7 ) steps

3. Faculty Development > Training of two identified staff members to train them for providing

facilitation services to aspiring student entrepreneurs

4. Establishment of NSTEDB-DST supported IEDC (Innovation and Entrepreneurship Development Center) > Creation of basic support infrastructure and services > Formation of Managing committe > Project proposal draft and approval support from NSTEDB > Access of funding from Govt.

> Organisation development and engagement of students and faculties> Coordination support for smooth function of the cell

5. TEDP – Technology Based Entrepreneurship Development Programme> Access of Govt fund for conducting TEDP programme.

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( 7 ) steps

6. Business Incubator – DC-MSME scheme (grant support to 10 business ideas) > Project proposal draft and approval> Formalisation of tripartite Agreement (Govt, Incubator and Entrepreneur) for utilisation of funds under the scheme for providing support to entrepreneurs.> Formation of Managing committee and selection committee as per DC-MSME guideline.> Support in identifying business ideas and selection under scheme > Implementation of the scheme as per fund utilisation guideline of DC-MSME supporting activities. > Monitoring and performance reporting to Govt. > Coordination and liasoning support with the ministry


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( 7 ) steps

7. Technology Business Incubator – NSTEDB, DST scheme

> Separate registration of society / section 25 company> Project proposal draft and submission> Formation of managing committee> Access of funding from DST (working capital)> Infrastructure creation and business support facility > Coordination and liasoning with the ministry> Establishment of TBI operation procedure, policy> Incubate selection and exit process> Mentor panel development> Marketing strategy to identify the innovative business idea for incubation> Incubation sustainability model development – Equity based or rental based

> Implementation of best incubation practices and affiliation with international incubator association and funding agencies.

> TDB – SEED Fund for Incubate – proposal development and submission to TDB-DST Govt of India.


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Awesome outcome !

> Increase of Brand value and credibility of the institutions which will influence admission of the institutions.

> Employbility enhancement of students through real learning from working with incubate companies which will increase the placement percentile.

> It will create a vibrant environment of the institutions and will help in producing employment creator rather job seeker.

> It will help to implement EARN while LEARN policy effectively.

> It will help to encourage and motivate students to start own enterprises with 0 risk which increase the chances of success.

> It will create atleast 5 students enterprises every year – AWESOME Acheivement.

> Opportunity to have equity in the incubate companies – GREAT benefits as host institution.


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Sl. Source of revenue Year 1 (Rs. In lakhs)

1 Conduct of fee based joint technical training program 5

2 DC-MSME grant support for 10 business ideas 66.5

3 NSTEDB grant support for IEDC 15

4 TEDP grant for conducting entrepreneurship training 6

TOTAL 92.5

Projected Revenue / Grant inflow in the 1st year excluding TBI recurring grant for 5 years

Note : Equity in the supported business ideas– valuation depends on the success of ventutre.

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Thank You

Contact

S R Mustafa

K-39, 4th Floor, Abul Fazal Enclave, Near Jasola, Okhla, New Delhi-25 E: [email protected] m: 7838204509, 9654780667,

Linkedin: srmustafa73 Twitter: srmustafa73

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