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Youth Enterprise Fueling Innovation & Entrepreneurship

kishore Balaji Guhesh Ramanathan

INTEL IIM Bangalore

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•Define the Issue and Stakeholders - The Scenario

•About the program Youth Enterprise

•Elements of program – Youth Enterprise

•Karnataka Example

•The Out comes

•The Journey

•The Learning

Agenda

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An Ideas development framework

that develops ideation and innovation

skills of young people

Youth Enterprise

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Get an Idea

Validate your Idea

Develop your Idea

Test your Idea

Pitch

Youth Enterprise Program Structure

Case Study

Intel’s Ideation-Camp

Intel’s Tech Lab

Intel’s Entrepreneurship Basics

Mentoring

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The Scenario in Karnataka Citizen Services and Partnerships

Pref. access, Scale, Growth,

Incentives,

Foundations

NGOs

CSCs & Tele centers

VLEs

Funding agencies

Academia

Student

Mentors

Large Companies

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• 2 days of extensive session by Sputnik 5 • Idea Selection and Idea Management process

• Intel Tech Lab – Technology & Technology selection session

•Deep Dive Mentoring • 5 mentors – NSRCEL • Biz strategy, funding, IP

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• 11 Ideas • 2 Winner announced •6 Shortlisted for ongoing mentoring

• Case Study on State of eGov in Karnataka - by CPP IIMB Focus areas: •Education •Health •Employability • Agriculture

Test Idea Pitch Idea Idea Camp Develop idea

Objective : Build capability among local youth to develop real solutions to

real problems for the citizens of India.

Youth Enterprise The Karnataka Example

5 days

The Process

Intel DST

Academy Mentor

Local Youth VLEs

Academy NGOs

Part

ner

s

Stud

ent o

n-b

oard

ing

& C

on

text

Ideas to

Market

6 months 1 month

Focus areas •Education •Healthcare •Agriculture •Employability

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Youth Enterprise The Venture

Abhyudaya : Mitigating financial risks arising from weather & price variation for less fortunate farmers

AgroSTATS: Mitigating financial risks arising from

Yield computation errors

KVKS: Information service on finance products and programs

Rozgar Data: Job exchange and skilling portal for rural workforce

Remote: Remote school administration and attendance management

PlanMyHealth: Remote diagnostic service to rural Karnataka leveraging Telecetners, through VLEs

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Jan’12 – Intel/DST/ IIMB - aligned

Jan’12 25 Institutions engaged

Feb’12 50 Students nominate

Feb’12 eGov Case study published - IIMB- CPP

Feb’12 5day workshop

Feb’12 6 ideas

Picked to mentor At NSRCEL

March’12 Review 1

Idea Validation

April’12 Review 2

Customer connections

June’12 Review 3

Customer feedback

Aug’12 Review 3

Funding & rollout

Youth Enterprise The Karnataka – Journey So far.

6 months

AgroStat gets Customer nod

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Learning’s so far

• Contexting accelerates Innovation

• Ideation and Idea development required skill

• Important to engage/onboard Multi Stakeholder engagement . PPP models,

accelerate solution development

- Technology screening

- Prototype screening

- Co-creation of solution between stake holder (Govt) and Youth

• Real time Idea validation & Mentoring plays a critical role in building deployable

solutions and business models

•Ventures need deep support and customer connections.

•Model is replicable, should you have clear partnerships.