startup activator services for academic institutions
TRANSCRIPT
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StartupActivator Nurturing Aspiring Entreprneurs, accelerating Startups and
empowering Academic Institutions to foster entrepreneurship
TM
Copyright: The content of this presentation belongs to S M Raunaque Mustafa. This is strictly private and confedential prohibited for circulation without permission.
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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
StartupActivator
TM
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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.
StartupActivator
Empowering Academic Institutions to promote innovation and entrepreneurship
TM
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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
Empowering Academic Institutions to promote innovation and entrepreneurship
StartupActivator
TM
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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.
Empowering Academic Institutions to promote innovation and entrepreneurship
StartupActivator
TM
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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.
Empowering Academic Institutions to promote innovation and entrepreneurship
StartupActivator
TM
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Empowering Academic Institutions to promote innovation and entrepreneurship
StartupActivator
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.
TM
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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
StartupActivator
TM