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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