Tilawat Welcome Address – Dr. Shahid Qureshi Introduction to Invent – Dr. Zahir & Mr. Azhar Q & A Vote of Thanks – Dr. Shahid Qureshi Agenda
Introduction Outline Entrepreneurship and Innovation Objectives & Myths Eligibility & Registration Process Ideas & Grading Awards Summary Q & A
Entrepreneurship & Innovation Entrepreneurship: – “Pursuit of Opportunity beyond the resources that you currently control” ( Stevenson) – Stimulates Economic Growth and Employment – Traits: Creativity, dedication, determination, flexibility, leadership, passion, self-confidence, and “smarts” – Process: Problem/Need, Opportunity, Team, Funding, Solution, Go to market, Ramp up, Exit
Entrepreneurship & Innovation Innovation: – Coming up with Something New & Applying it – Improves the Quality of Life – Only way of Sustaining Competitive Advantage – Types Adoption Adaptation Creation
Objectives Develop the next generation of Entrepreneurs Hands on Training: Business Plan (BP), Executive Summary (ES), Elevator Pitch (EP) and Presentation (P) Enhance Academia - Industry Collaboration Enhance Collaboration between Universities Establishing BPC projects can be viable businesses.
Myths Entrepreneurship is only for Business Majors Business Majors only participate in Business Plans Competitions CEO’s, CFOs and CMOs are Business Majors Engineers ---- All other majors are low form of life Business, Arts ---- Engineers/Sc Majors are nerds
Eligibility & Team Bachelors /Masters/PhDs CEO, CFO, CMO, CTO & Dir Operations At least 1-2 Business Majors, 1-2 technical, other disciplines’ majors. Domain expert. Registrations Individuals Idea Registration of complete five member team using the SRN.
Process ActivityStarting DateEnd Date Round 1: Introductory Session10-Mar28-Mar Ideas Registration01-Mar15-Apr Round 2: 1-Day BP Workshops & Short listing of Ideas7-Apr21-Apr ES and EP Preparation and Submission7-Apr6-May Short listing & Mentor Assignment6-May14-May
Process (Contd.) Round 3: One-on-one mentoring of teams on BP & 14-May10-Jun Preparation and Submission of BP and DP Short listing finalists based on BP & DP10-Jun25-Jun Round 4: Mentoring on Presentation Skills & Finalization & Submission of P25-Jun30-Jun Final event: Presentations, Judging, Selection of winners and awards30-Jun
Ideas (Preference & Sources) Addresses Pakistani Problems Is for the masses Preferably from the Industry From Domain Experts From the Faculty. From the Internet.
Idea Grading Marks Real Problem/Unmet Market Need25 Target Customer Identification10 Market Size Identification5 Novelty of Idea25 Workability of Idea15 Clarity & Preciseness of Articulation20 Total100
Agri-preneurship Techno-preneurship Social-preneurship Other-preneurship Awards Invent 2012 Breakup Per Team (Rs.) Cash Prize Startup/Seed Money Total Each Category Winner100,000500,000600,000 First Runner Up 75,000400,000475,000 Second Runner Up 50,000300,000350,000 Category
Summary Hands on training for next generation of Entrepreneurs Enhance Collaboration among Universities Enhance Collaboration with Industry Work towards arranging seed funding for top teams