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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Entrepreneurship Spirit inEntrepreneurship Spirit inABVABV--IIITM GwaliorIIITM Gwalior

Exotic

Exotic

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EntrepreneurshipEntrepreneurship

 A Few Basics

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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

What?What?

y One of the four mainstream economic factors:land, labor, capital, and entrepreneurship.

y Derived from 17th-century French entreprendre

Entrepreneurship is the dynamic process of creating 

incremental wealth. This wealth created by individuals

who assume the major risks in terms of equity, time,

and/or career commitment of providing value for some

product or service. The product or service itself may or may not be new or unique but value must somehow be

infused by the entrepreneur by securing and allocating 

the necessary skills and resources.

 Robert  Ron stand  

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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

CharacteristicsCharacteristics

Self-confidentand optimistic

Able to takecalculated risk 

Respondpositively tochallenges

Flexible andable to adapt

Knowledgeableof markets

Able to getalong well withothers

Independentminded

Versatileknowledge

Energetic anddiligent

Creative, needto achieve

Dynamicleader

Responsive tosuggestions

Take initiativesResourceful

andpersevering

Perceptive withforesight

Responsive tocriticism

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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

InnovationInnovation

 Creativity 

is a 

 prerequisite 

to Innovation 

The ability to bringsomething new intoexistence.

The ¶ability·, not the ¶activity·,of bringing something newinto existence.

Creativity

The process of doing new

thing. The transformation of 

creative ideas into usefulapplications

Innovation

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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

The Creative ProcessThe Creative Process

Idea Germination Preparation Incubation Illumination Verification

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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

ChallengesChallenges

Attrition Rate of Employees

Marketing

Competition & Monopoly Market

Finance

Production problem

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Entrepreneurship inEntrepreneurship in

 ABV  ABV--IIITM Gwalior IIITM Gwalior 

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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management GwaliorLecture on Entrepreneurship

31st Dec ¶09

A Few ExamplesA Few Examples

Ceon Solution

Abhay Panjiyar

BCube IT Services

Punit Chandra

ADAVANTAL

Ashish Thakral andSandeshTalera

eGov Services

MohitVaish, Parminder Singh

Voice Info

Pranjal Prashar and MayurGupta

Abhitech IT Solutions

Tapas Mishra

 And many more«

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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management GwaliorLecture on Entrepreneurship

31st Dec ¶09

Some from Current Final YearSome from Current Final Year

Exotic Solutions Pvt. Ltd.Exotic Solutions Pvt. Ltd.

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Technology Innovation and Incubation Center

 ABV-Indian Institute of Information Technology and Management GwaliorLecture on Entrepreneurship

31st Dec ¶09

Entrepreneurship in the InstituteEntrepreneurship in the Institute

y People who knew that entrepreneurship was theirchosen Path. They took the plunge straight after their

MBA [passing out from ABV-IIITM Gwalior] or afterworking barely a couple of years. And they persevered

until they made it big!y These entrepreneurs did not plan to take this path but

when opportunity knocked they seized it. Their storiesgo to show that you don't have to be 'born with it', you

can develop an entrepreneurial bent of mind at any age.

Source: Rashmi Bansal, S ta y Hung r  y , S ta y 

 F ooli sh, CIIE, IIM

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W hat makes thisW hat makes this possible possible

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

What makes this possibleWhat makes this possible

IntegratingIT with

Management

Open EndedCurricula

KnowledgeSharing

MicroInitiatives

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Integrating IT with ManagementIntegrating IT with Management

Algorithms

Software Solutions

Etc.

IT

Business HR

Finance

Etc.

Management Products

Sales Revenue

Etc.

Entrepreneurship

I2M Approach

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Case StudyCase Study ²  ² I:I:

AdvantalAdvantal ServicesServices The main Business area of Advantal Services is to build complex

mobile applications for platforms such as Symbian,Windows Mobile& the iPhone.

These 2 co-founders had started their Business with just Rs.5,000

in Cash & 2 Laptops. They have started this Business from homeonly. Yes, the start up of this Business was Home-Based. Both of them have shared a flat, of which one room was converted into anoffice. Both of them are graduates from The Indian Institute of InformationTechnology & Management,Gwalior.

The Company was founded in July-2008, in Gurgaon and that·s themiddle of the recession. And both of the co-founders are claimingthat they have already clocked US $ 50,000 (Rs.25 Lakhs) in

Revenues and a full order book for next 6 months.665

Advantal has recently collaborated with Israel Government

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Integrating IT with ManagementIntegrating IT with Management

Modeling

Process Business

Etc.

Management

Software Algorithm

Solution

Etc.

IT Products

Sales Revenue

Etc.

Entrepreneurship

M2I Approach

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Case StudyCase Study ²  ² II:II:CEON SolutionsCEON Solutions

y CEON Solutions is the brainchild of 3 students from IndianInstitute of Information Technology and Management, Gwalior whobelieved in creating everything out of nothing. Mr. Abhay Panjiyar,who heads the venture, developed an analytical problem solvingsoftware for schools. The software was so innovative that it won 5national Open software contests at various IITs (Indian Institute of Technology).

y The team went on to win Gold Medal in Anveshan II (IIM-A), aNationwide Business Plan contest. The team also won International

recognition and was invited in the final of International BusinessPlan contest in USA.

y CEON Solutions Pvt. Ltd is supported by CII at IIM-A and CEON isproud to have its operation from IIM-A campus.

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Open Ended CurriculaOpen Ended Curricula

Self Study, Internships, Electives,

Free Electives, Projects

The Golden Ruley Catch a field and master

to fullest extent with

desired subjects andprojectsThey are not made«

They emerge out

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Case Study III:Case Study III:Voice InfoVoice Info

y Voice Info started with the work of MayurGupta, Pranjal Parashar, B. Vidya, Bharat JainStarted as a Btech Project for Speech

Recognition.y The project won numerous Open Software and

Paper Presentation Contest.

y The team was featured in Times of India.

y This was further developed as Masters thesis.Voice Info now stands as a new starterprovidingVoice Recognition.

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Knowledge SharingKnowledge Sharing

y Culture to discuss, share and collaborate

y Hub of Diverse Intellectual Capital

y Strong student bonding

y Entrepreneurship is a tradition

y Some ¶formal· platforms

AASF, SF-FOSS, MAD, La-Vista

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Case StudyCase Study ²  ² IV:IV:BcubeBcube IT ServicesIT Services

y Bcube IT services Pvt. Ltd. is one of the fastest growing BPO,handling Contact center Management and Customer relationshipmanagement services. Since inception Bcube·s focus has been oncustomer deliverance, with right mix of technology the company·sreal strength is in creating innovative ways of handling customerqueries.

y Bcube is focused on delivering Contact center solution in callcenters, Customer relationship Management services, database

management and back office support services for Both domesticand international customers.

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Case StudyCase Study ²  ²V:V:RealtyAppleRealtyApple

y RealtyApple.com is a leading real estate consulting and marketingcompany. From strategic consulting right through to findingterritory for customers, RealtyApple.com straddles the entireproperty management space.

y As a diverse end-to-end real estate consultancy provider,RealtyApple.com offers a range of expertise aimed at helpingcustomers re-design their business space to compete successfullyin an ever-changing marketplace.We have strategic planning andmarketing alliances with over top-notch companies that help usprovide end-to-end services to our customers. Our unique delivery

model allows us to leverage local competencies to offer globalcompetitiveness to our customers.

y Our business processes are thorough. Our team includes in-depthknowledge driven associates, who believes in providing rightinformation, at right time, to right people.

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Micro InitiativesMicro Initiatives

y Industrial Base of Gwalior

y Industry oriented learning

y Live Case Studies and Projects

y Industrial Internships

y Emphasis on e-Governance and related courses

y HR Meets, Industrial Meets, etc.

y

Regular interaction with Entrepreneur Alumniy Institute Encouragement to B. Plans

y Hosting of Pioneer, Institute B PLan Contestwith e-Cell IIT Bombay

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Case StudyCase Study ²  ²VI:VI:File Tracking System/SORSFile Tracking System/SORS

File Tracking System wasdeveloped by a set of pre-final year students. The

Software was deployed atCentral NarcoticsDepartment Gwalior. Thishas won award forexcellence by the Govt. of 

Madhya Pradesh in thearea of e-Governance

Students OnlineRegistration System is a

student made software toautomate the AcademicRegistration System of the Institute. The projectwas put under pilot run in

the previous semesterand main run in thecurrent semester.

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Entrepreneurial AccoladesEntrepreneurial Accolades

Some Accolades of BPlans

y 1st Position in Effervescence·08, IIIT

Allahabad

y 1IIrd Position in Effervescence·08, IIITAllahabad

y Finalists at Magnum Opus, IT BHU·09

y Numerous BPLans presented at Pioneer,ABV-IIITM Gwalior

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship31st Dec ¶09

Facts for a Promising FutureFacts for a Promising Future

y Student Intake has Doubled

y Establishment of Technology Innovation

and Incubation Center

y International and National Collaborations

y Maturing Culture

y And Ever Increasing Motivation

Institute Alumni about to be CEO of a leading 

company 

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Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship

31st Dec ¶09

Director, Center for Entrepreneurship

Director, Cape Fear Area Consortium of the Small

Business and Technology Center 

Professor of Financial Economics

Ph.D. in Financial Economics

Joined Methodist University in 1967

Chairman of the department of Economics andBusiness Administration for 20 years.

Founder director of Center for Entrepreneurship

Director of the Cape Fear Area Consortium, N.C.

Small Business and Technology Development

Center.

Associated with numerous organizations of research and development.

Published numerous papers and books

Delivered numerous keynotes at prominent places

Recently delivered a lecture TiECon Rajasthan

2009

Dr. Sid Gautam

"P  erseverance is 

not a long race, it is many short 

races one after 

another."   ²Walter Elliott 

 Fr om: Center f or E ntrepreneurshi p,

 Methodi st U niversit  y Website