Entrepreneurship

Management

Submitted To:

Mr. Bhaskar Banerjee

Submitted By:

Neha Chowdhry

Saumya Gupta

Selly Goyal

Objective 01 INCUBATION CELLS

About

Incubation Cells:

i. nurture young firms and

help them to survive in

their early stage.

ii. assist businesses to

become established and

profitable

Infrastructural support i.e.

office space, meeting room

Networking Platform

Management Assistance

Other support services: Wi-Fi

etc.

Incubation is a dynamic process of business development

Incubatees

People who have ideas/ concepts

People who have clear documented business concepts based on

an innovative idea they already have but suffer from resource

constraints.

Businesses that have gone through the start-up phase but now

need support to reach proliferation

Each one of them needs a different approach to convert

them into vibrant business outfits

Main Activities

Create physical infrastructure and support systems necessary for

business

Facilitate networking with professional resources

Identify technologies/innovations which have potential for

commercial ventures

Promote and foster the spirit of entrepreneurship.

Carry out activities that facilitate knowledge creation, innovation

and entrepreneurship activities.

Key Features

Flexible space for office, meetings, events

Inspired by ‘Co working spaces’ / ‘Multi-tenant non- profit centers'

i.e. share space, resources

Flexible tenancy & payment: by hour, day, month

Positive filter on the organizations who can work there i.e. ethical,

creative

Meeting place for people, network, support, tools and inspiration

Sound business model – not ‘dependent’ charity

Process Flow

• Idea Formulation and Assessment

• Market Feasibility of Study

Introduction

• Managerial issues

• Presentation Skills

• Legal and Administrative Issues

Training • Define the business idea

• Discuss the Business model

Orientation

• Internal Strengths

• Opportunity Mapping

Innovation Assessmen

t• Business

Development Strategy

Business Plan

SOURCE: www.worldbusinessincubation.wordpress.com

• Staffing• Finance, Legal

and Administrative Support

• Office Space and other facilities

• Access to Knowledge

Start-up creation

• Fund Raising• Mentoring and

Advisory Board• Networking • Technology

Transfer• Assistance with

business basics• HR Training

Early Stage • Strategy Ahead

Expansion

SOURCE: www.worldbusinessincubation.wordpress.com

Incubation Life Cycle

• Specialized Equipment• High Speed Internet Access

Infrastructure/Facility Based Services

• Assistance with Business Basics• Marketing Assistance• E-Commerce Assistance

Business Services

• Accounting and Financial Management• Raising Bank finance, grants etc.

Financing and Access to finance

• Links to higher educational institutions• Access to venture capitalists etc.

People Connectivity and Networking

• Comprehensive Business Training• HR Training

Education/ Access to knowledge

• Strict admission and exit rulesBrand Building

Services Offered

Objective 02

INCUBATION CELLS

IN

INDIA

NSRCEL

Open incubator by IIM-Bangalore

Objective: Produce successful companies with potential to

create jobs, commercialize new technologies, and strengthen

economies.

To Apply:

Submit business plan for review

Interesting ideas presented to Screening Committee

Intimation letter sent asking for required documents

Form private limited company

Documents received, reviewed and agreements prepared

Room allotted & incubation date sent

Mentors are allocated

Review meetings to monitor the progress

Education and Networking services are provided

Either the Company has a good stream of paying customers or the subsequent round of funding

Portfolio

ANGEL PRIME

Launched in 2011 in Bangalore

By Bala Parathasarathy, Shripati Acharya and Sanjay Swamy.

Areas: Mobile payments, e-commerce and smartphone/tablet

apps.

Incubating their ventures at their office space for close

monitoring

Founders bring previous corporate networks and experiences

Disruptive idea and early version of the product.

At least one co-founder in place

Apart from money, someone to get involved in business, provide

feedback and advice on a regular basis.

To Apply:

Portfolio

MORPHEUS GANG

An open, opt-in community

Over 170 members; for the founders, by the founders, of the

founders, called the morpheusgang.

Proactively help each other to grow personally and professionally

No commercial fee. No equity. No cash.

One pays by helping others and receiving help

Makes founders across all stages of businesses; providing a

common arena to learn from one another.

Based on “participation by will” and “contribution by will”

To Apply: 4-step process

STEP 01: First Contact: Founders interested get in touch through a

reference or by writing an email

Intent Interactions: Two calls and face2face meeting.

Getting to know each other better

Giving information about morpheusgang.

Figuring out the philosophy fit which is most important.

STEP 02: Live-in: Founders can to enter into a one month live-in

with the morpheusgang to see what value it does offer in real

STEP 03: New Comer: New Comer status in the morpheusgang

community for 6 months

They can draw from the gang as much as they want and

give back as they want.

They also can benefit from the gang meet ups, events,

retreats, etc.

Post 6 months, they can continue becoming a part of the

gang for the rest of their lives or decide not to continue.

STEP 04: Gang member: Decide to stay as a gang member

thereafter.

MICA-EDC

MICA-Entrepreneurship Development Cell

Set up with the support of the Department of

Science and Technology (DST), GoI

Specifically for Strategic Marketing and

Communication sector to commercialise and

nurture ideas and innovations.

Profiles and updates business opportunities

Conducts studies for designing curriculum for Strategic

Marketing & Communication and Entrepreneurship

Organises national seminars and conferences.

Collection, publication and dissemination of research &

information

Objectives

Conceptualise, develop and manufacture innovative processes,

formats, mediums of communication by providing training,

mentoring, intellectual support services

Supporting budding entrepreneurs from conception to

commercialisation.

Business Areas Covered

Communication Service Technologies

• Advertising, Marketing Research, Media Planning, PR and Event

Management, E-business and E-marketing;

• Value added mobile services, photography; entertainment, education,

design consulting, video and film productions

Communication Product Technologies

• Internet, SMS, MMS, Web search, Gaming, Film & Entertainment

Communication Equipment

• Computers, TV, Cameras, Printers, Satellites, Mobile Phones, Stylus,

Application-oriented SoftwareApplications Tools for Communication Businesses

• Audience measurement, research and data analytics; consumer tracking

Benefits Technical, financial, physical,

infrastructural and intellectual

support

Training technical manpower

in animation, film production,

creative design and art;

Intermediary services for

commercial exchange of

technologies

Facilities Network of experts from

communication field

Radio broadcasting

Digital design and publishing

Basic office amenities

Television Audience

Measurement Lab

To Apply:

• Interested candidates asked to fill up a detailed form

• mention the idea in brief along with a proposal and a tentative business plan.

Application

• Conversion of idea into a working model • research experimentation, lab testing,

accreditations, market research, business plan, promotion, networking

• Mentorship under experts

Idea selection

• Training in entrepreneurship• Commencement of initial stages of the

venture• Support and facilities provided by the

MICA Incubator.

Training period

Email: comcubator@micamail.in

Why IAN?

•Strong entrepreneurial

and operational

background of investors

•Willingness to invest

money and time

•Ability to leverage a vast

network

•Simple term sheet

•Quick feedback on the

investment decision

INDIAN ANGEL NETWORK (IAN)

Network of pan India investors keen to

invest in early stage businesses

Secretariat headquarter: Delhi

Established in April 2006 with the support

of the National Science & Technology

Entrepreneurship Development Board and

the Department of Science & Technology of

the Government of India

Tie-up with Small Industries Development

Bank of India.

The Network looks at multiple sectors for investment

Agriculture & E-Commerce

Education

Financial Services

Healthcare &  Hospitality

Information Technology

Internet

Lifestyle

Manufacturing & Retail

Mobile

Semiconductor

Services

Social-Impact

Investment Criteria:

The Network is likely to invest in start-

ups that meet the following criteria :

Complementary management team

Scalable business

Differentiated value proposition (a

unique product/service/process,

either in concept or

implementation)

Application form with business proposal

Screening by IAN team

Further information by entrepreneurs

Screening by subject matter experts

Presentation by entrepreneurs to screening committee

Offer to incubators

To Apply:

Incubator Services

Mentoring and training and Development Programs

Assistance In Business Planning & procuring seed-funding

Marketing Support, Training and Development, Business Support Services

Advice on Intellectual Property Rights (IPR)

Visibility & Landing Space in different cities

Large Mentoring Network with strong connect with the Industry / Market and Investors

Leveraging Technology with Vast Venture Creation Experience

Advisory on Intellectual Property (IP)

• Famous for the activities

it organizes – from its

‘Open Saturdays’ to angel

investors meet to

workshops for training

entrepreneurs

•Virtual incubator

Portfolio

iArise Incubator

Associated: Deutsche Gesellschaft

für Internationale Zusammenarbeit

(GIZ) GmbH, and SIDBI

Empower entrepreneurs in building

sustainable and scalable businesses

in the social impact space.

Education, Poverty Alleviation,

Environment, Livelihood for the

Financially Challenged, Women

Empowerment, Healthcare, etc.

F2ML Incubator

Innovators with ideas to get farm

produce to market faster, better,

cheaper and with less waste.

Program is called Farm to Market

Logistics (F2ML) in the area of:

• Procurement

• Transportation

• Storage

• Distribution

• Preservation

• Processing

• Retailing of farm produce

supported by Michelin which is one

of the biggest company in the tyre

& logistics space

Objective 03IDEAS/ OPPORTUNITIES

IDEA 01

Adjustable Basin

Initially started for physically challenged people

Boris Grbodin invented vertical adjustment in US

Patent issued in 1982

Can be manually or electrically operated

In the mid 90s, The KIELA (Netherlands) introduced a high-low

adjustable basin in the market for hairdressers to quickly adjust

the basin to customers neck

Mirror and wash basin can be raised/lowered for comfort, easy

for whole family

Source: patents.justia.com/patent/4328597

Function Height adjustable with additional support features

Options Customer can choose amongst colour, shape, size

of taps, mirrors, basin

Applicatio

n

Domestic, schools, nursing homes

IDEA 02

App For Students To Commute

An app (available on Google play & Apple store) for NIFT

students initially living in Gandhinagar to share their

commuting expenses

Faster, greener, affordable

Real time application

Students register on app, verify through mail

Request a trip, app will do dynamic matches for the

another nearby user

Literature Review Carpooling: shared use of a car by one or more passengers

living nearby and having a common destination.

Splitting costs: save money

Reduce traffic congestion & air pollution

Popular in US due to oil crisis

France’s BlaBla car became popular in India (inter-city

services). Eg: Delhi –Chandigarh costs Rs700

Internet facilitated growth for car pooling and commute

sharing; 10 million users across Europe

IDEA 03

2-in-1

Shampoo + Conditioner Dispenser

Flexible and reusable

Saves space

Inspiration: oil and vinegar dispenser

Double chamber dispenser bottle

Rotatable valve above each chamber to adjust the amount

of shampoo and conditioner when squeezing the bottle

Convenient and quick way to dispense two liquid

condiments at the same time

IDEA 04

Self Service Laundry

Literature Review Facility where clothes are washed and dried.

Known in UK as Launderettes or Laundrettes, and Washaterias in

the US, Canada, Australia and New Zealand

George Edward Pendray created the word "laundromat" for

Westinghouse.

1934: the first public, self-operated laundry was opened in Fort

Worth, Texas, US

1937 : Automatic washing

Late 1940s: the first unattended, 24-hour Laundromats

generally found only in urban and suburban areas and have

been common features of urban life since the 1960s.

Proximity to Student accommodation blocks

Opportunity

Time crunch due to the growing pressures of work and personal

lives

Rapidly rising utility charges, premises rent and purchase cost of

domestic machines

Value added services: ironing, dry cleaning and service washes

Growing variety of clothing for professionals and students

Households have bedding which are far above the capacity of

domestic machines

Target: Busy professionals and

students

Issues Makes public something that has become somewhat

private due to sharing facilities at the laundromat

Possibility of contamination

Public nature of the laundromat

Reasons for Rejection:Adjustable Basin

It is already there in salons

We didn’t see much of the scope in domestic use

Complex mechanism and very high price

App for students to commute:

Already existing services working on a similar pattern

Changes in working time/pattern(class) of students

2-in-1 Shampoo + Conditioner Dispenser

Travel dispensers available already

Reluctance towards purchasing an extra dispenser for shampoo and

conditioner

Self- Service Laundry

Working laundry services in-and-around the city

Issues as discussed above

IDEA 05

Milk Storing Vessel

Milk is perishable and has a short shelf-life

Milk left out starts to sour, separate, curdle, consistency and

taste will change if left out of a refrigerator.

Limited archaeological evidence show that milk was stored

in pottery vessels, researched by Bristol University

Maintaining the Safety of Milk: Refrigeration

Designing a vessel to store boiled milk

Automatically function as a fridge as soon as the

temperature of the boiled milk goes below a certain level of

temperature.

Idea Selected

A new concept for the market

Easy storage; increased shelf life

Ease-of-use

Working bachelors

User friendly; utilizes less electricity

No wastage of milk

THANK YOU