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Startup Contest THE 7x7x7x7. Startup Contest THE 7x7x7x7 The Idea What is your Business Idea? Detail it in one or 2 lines Example: “I want to create an.

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Presentation on theme: "Startup Contest THE 7x7x7x7. Startup Contest THE 7x7x7x7 The Idea What is your Business Idea? Detail it in one or 2 lines Example: “I want to create an."— Presentation transcript:

1 Startup Contest THE 7x7x7x7

2 Startup Contest THE 7x7x7x7 The Idea What is your Business Idea? Detail it in one or 2 lines Example: “I want to create an App that tells me how likely is a Company to pay its vendors and after how long.” 1.

3 Startup Contest THE 7x7x7x7 Why is the idea important? Tell us why your Business Idea will touch lives and be transformative? (Hey, it could be entertaining or fun too!) Example: “My vendor payment app will help suppliers plan their sales and cash flows, and not get cheated.” 2.

4 Startup Contest THE 7x7x7x7 Who is your team? How will you pull this off? Who is your team? Even if you don’t have a team currently, who do you think you will need to hire? Describe either real people or skill sets to help us understand how you think of team building 3.

5 Startup Contest THE 7x7x7x7 What’s the size of the Market? How large is the opportunity you are trying to create a Business about? We want to examine how scalable your idea can be. Example: “My vendor payment app can be applied to the entire purchase turnover of Corporate India – a la thousands of crores.” 4.

6 Startup Contest THE 7x7x7x7 What is your revenue model? How will you make money? Explain the same in very lucid terms Example: “I will make money from vendors seeking clarification on Company payments and from Companies who may want to list themselves.” 5.

7 Startup Contest THE 7x7x7x7 Costs and Burn How much will it cost to start-up? How have you thought of your costs? How detailed have you been in calculating real costs? Please describe the top items of your monthly and yearly costs 6.

8 Startup Contest THE 7x7x7x7 Value creation Eventually, how will value get created? Will this be a very profitable business or something that will get acquired? Why? By Whom? Example: “My vendor payment app can either become a very strong business or get acquired by the large Consulting Companies (e.g Dun & Bradstreet) as a valuable asset to their business.” 7.

9 Startup Contest THE 7x7x7x7 Team Members 1.Full Name | E-mail ID

10 Startup Contest THE 7x7x7x7 That’s it! Kindly paste a picture of yourself here


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