Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Entrepreneurship Spirit in ABV-IIITM Gwalior Presented By: Rahul Kala, AI and Expert Systems Lab, ABV-Indian Institute of Information Technology and Management Gwalior Conceived and Compiled By: Mithilesh Kumar Siddharth Goyal Rahul Kala Chandan Kumar Singh 31 st December, 2009 Edited: 18 th October, 2012

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Entrepreneurship Spirit in ABV-IIITM Gwalior Exotic

Entrepreneurship A Few Basics

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 What? One of the four mainstream economic factors: land, labor, capital, and entrepreneurship. 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 Ronstand

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Characteristics Self-confident and optimistic Able to take calculated risk Respond positively to challenges Flexible and able to adapt Knowledgeable of markets Able to get along well with others Independent minded Versatile knowledge Energetic and diligent Creative, need to achieve Dynamic leader Responsive to suggestions Take initiatives Resourceful and persevering Perceptive with foresight Responsive to criticism

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Innovation Creativity is a prerequisite to Innovation Creativity is a prerequisite to Innovation The ability to bring something new into existence. The ‘ability’, not the ‘activity’, of bringing something new into existence. Creativity The process of doing new thing. The transformation of creative ideas into useful applications Innovation

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 The Creative Process Idea GerminationPreparationIncubation Illumination Verification

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Challenges Attrition Rate of EmployeesMarketingCompetition & Monopoly MarketFinanceProduction problem

Entrepreneurship in ABV-IIITM Gwalior

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 A Few Examples Ceon Solution Abhay Panjiyar BCube IT Services Punit Chandra ADAVANTAL Ashish Thakral and Sandesh Talera eGov Services Mohit Vaish, Parminder Singh Voice Info Pranjal Prashar and Mayur Gupta And many more…

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Some from Current Final Year Exotic Solutions Pvt. Ltd.

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Entrepreneurship in the Institute People who knew that entrepreneurship was their chosen Path. They took the plunge straight after their MBA [passing out from ABV-IIITM Gwalior] or after working barely a couple of years. And they persevered until they made it big! These entrepreneurs did not plan to take this path but when opportunity knocked they seized it. Their stories go 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, Stay Hungry, Stay Foolish, CIIE, IIM

What makes this possible

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 What makes this possible Integrating IT with Management Open Ended Curricula Knowledge Sharing Micro Initiatives

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Integrating IT with Management Algorithms Software Solutions Etc. IT Business HR Finance Etc. Management Products Sales Revenue Etc. Entrepreneurship I2M Approach

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Case Study – I: Advantal Services 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 home only. Yes, the start up of this Business was Home-Based. Both of them have shared a flat, of which one room was converted into an office. Both of them are graduates from The Indian Institute of Information Technology & Management, Gwalior. The Company was founded in July-2008, in Gurgaon and that’s the middle of the recession. And both of the co-founders are claiming that 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

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Integrating IT with Management Modeling Process Business Etc. Management Software Algorithm Solution Etc. IT Products Sales Revenue Etc. Entrepreneurship M2I Approach

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Case Study – II: CEON Solutions CEON Solutions is the brainchild of 3 students from Indian Institute of Information Technology and Management, Gwalior who believed in creating everything out of nothing. Mr. Abhay Panjiyar, who heads the venture, developed an analytical problem solving software for schools. The software was so innovative that it won 5 national Open software contests at various IITs (Indian Institute of Technology). The team went on to win Gold Medal in Anveshan II (IIM-A), a Nationwide Business Plan contest. The team also won International recognition and was invited in the final of International Business Plan contest in USA. CEON Solutions Pvt. Ltd is supported by CII at IIM-A and CEON is proud to have its operation from IIM-A campus.

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Open Ended Curricula Self Study, Internships, Electives, Free Electives, Projects The Golden Rule Catch a field and master to fullest extent with desired subjects and projects They are not made… They emerge out

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Case Study III: Voice Info Voice Info started with the work of Mayur Gupta, Pranjal Parashar, B. Vidya, Bharat Jain Started as a Btech Project for Speech Recognition. The project won numerous Open Software and Paper Presentation Contest. The team was featured in Times of India. This was further developed as Masters thesis. Voice Info now stands as a new starter providing Voice Recognition.

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Knowledge Sharing Culture to discuss, share and collaborate Hub of Diverse Intellectual Capital Strong student bonding Entrepreneurship is a tradition Some ‘formal’ platforms ◦ AASF, SF-FOSS, MAD, La-Vista

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Case Study – IV: Bcube IT Services Bcube IT services Pvt. Ltd. is one of the fastest growing BPO, handling Contact center Management and Customer relationship management services. Since inception Bcube’s focus has been on customer deliverance, with right mix of technology the company’s real strength is in creating innovative ways of handling customer queries. Bcube is focused on delivering Contact center solution in call centers, Customer relationship Management services, database management and back office support services for Both domestic and international customers.

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Case Study – V: RealtyApple RealtyApple.com is a leading real estate consulting and marketing company. From strategic consulting right through to finding territory for customers, RealtyApple.com straddles the entire property management space. As a diverse end-to-end real estate consultancy provider, RealtyApple.com offers a range of expertise aimed at helping customers re-design their business space to compete successfully in an ever-changing marketplace. We have strategic planning and marketing alliances with over top-notch companies that help us provide end-to-end services to our customers. Our unique delivery model allows us to leverage local competencies to offer global competitiveness to our customers. Our business processes are thorough. Our team includes in-depth knowledge driven associates, who believes in providing right information, at right time, to right people.

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Micro Initiatives Industrial Base of Gwalior Industry oriented learning Live Case Studies and Projects Industrial Internships Emphasis on e-Governance and related courses HR Meets, Industrial Meets, etc. Regular interaction with Entrepreneur Alumni Institute Encouragement to B. Plans Hosting of Pioneer, Institute B PLan Contest with e-Cell IIT Bombay

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Technology Innovation and Incubation Center

ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Case Study – VI: File Tracking System/SORS File Tracking System was developed by a set of pre- final year students. The Software was deployed at Central Narcotics Department Gwalior. This has won award for excellence by the Govt. of Madhya Pradesh in the area of e-Governance Students Online Registration System is a student made software to automate the Academic Registration System of the Institute. The project was put under pilot run in the previous semester and main run in the current semester.

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Entrepreneurial Accolades Some Accolades of BPlans 1 st Position in Effervescence’08, IIIT Allahabad 1II rd Position in Effervescence’08, IIIT Allahabad Finalists at Magnum Opus, IT BHU’09 Numerous BPLans presented at Pioneer, ABV-IIITM Gwalior

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Facts for a Promising Future Student Intake has Doubled Establishment of Technology Innovation and Incubation Center International and National Collaborations Maturing Culture And Ever Increasing Motivation Institute Alumni about to be CEO of a leading company

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st Dec ‘09 Thank You

Technology Innovation and Incubation Center ABV-Indian Institute of Information Technology and Management Gwalior Lecture on Entrepreneurship 31 st 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 and Business 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 "Perseverance is not a long race, it is many short races one after another." –Walter Elliott From: Center for Entrepreneurship, Methodist University Website