1. New Venture Creation Course 2012
Information Session
Rachit Parekh, BITS Spark Connect Team
1 Brought to you by: BITSAA International, EDIPRU and

2. RAJU REDDY
Currently Executive VP, Global Services and Member of the
Board – Hitachi Consulting
• Former Founder and CEO, Sierra Atlantic
•BE (Hons) EEE
•1976-1981
•Program manager, Pentium Software Programs, Intel
(1984-1993)
• IT services company founded in 1993
• 2300+ employees in over 20 countries
• 2008 top 25 Best Places to work in India.
• Takeover by Hitachi in 2011
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3. PHANINDRA SAMA
Founder and CEO of Redbus.in
•BE (Hons) EEE 1998-2002
•Design Engineer at ST Microelectronics
•Design Engineer at Texas Instruments
• Founded in 2006 and has over 250+ employees
• Rs. 300 crores of Ticket Sales in 2011-12
• First company to sell bus tickets using technology
• Amongst 50 Most Innovative Global Companies by Forbes
• Raised over 42 crore of VC Funding
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4. They learnt Entrepreneurship by doing it…
 "The critical ingredient is getting off your butt and doing
something. The true entrepreneur is a doer, not a dreamer.”
- Nolan Bushnell, Atari Video
Games
 “The way to get started is to quit talking and begin doing.”
– Walt
Disney
 “Vision without execution is hallucination”
- Thomas Edison
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5. What is NVC / New Venture Creation Course
 Develop and Execute startup idea
 Write business plan including all building blocks
 Work with assigned Mentors to fine tune
 Learn via guest lectures from entrepreneurs and investors
 Win Pre-seed funding post semester
 Preferred access to Manoj Saxena pre-seed funding and DST
grants, and access to BITS Spark Mentors & Angels
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6. Why NVC?
 Graduated 24 teams (since 2009). 4 teams moving onto Pre Seed Funding stage:
 Smartec: Innovative Database Systems
 TunePatrol: Social Music Discovery
 Aadharshila: Interactive Online Education
 Photowalkr: Photography Education
 Note that the course only provides a framework, the teams must seek, learn and
build their startups themselves
 It’s intense and attendance IS COMPULSORY
 Who shouldn’t apply:
 Casual learners or those looking for an easy grade. We won’t hesitate to give Cs & Ds
 If you don’t have time to attend EVERY session. We have external speakers so it’s
imperative that everyone attends
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7. Lectures & Pedagogy
 Lectures and other content
 Approx 25-30 lectures on various topics related to starting and building an
organization taken over web-conf.
 Elevator pitch contest
 Three pitch-deck presentations
 Six 60-90 min skype sessions across the semester with the respective mentors
besides interactions over mail etc.
 Each team will be expected to start some work over the summer
 Speaker Profile
 Entrepreneurs or Startup CEOs
 Venture Capitalists
 Industry Experts (blue chip companies, attorney etc.)
 Team
 Size should be between 3 and 5
 Teams MUST apply together
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8. Team and Mentoring
 Mentor
 Each team will have an entrepreneur/Industry Expert/VC mentor
 Mentors advise the startup on various issues, pitfalls etc. they may face
 Each team will have 6 60-90 minute sessions on skype with their mentor + email
discussions
 Grading
 5% summer assignment
 10% attendance, class participation, online discussion & surveys
 20% mentor-mentee relationship
 10% elevator pitch contest
 10% first presentation
 10% second presentation
 15% final business plan presentation
 20% product
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9. Few NVC Mentors and Speakers
Abhinav Anurag Jain Rahul Sujit P – VT Bhardwaj Anand Daniel –
Khushraj - –Perot Chandra – Convergent – Sequoia Accel Partners
Nokia Systems Helion VC Technologie Capital VC
s
Garret Dodge Anil Advani – Nickhil J -
- Roqbot Inventus Law Vuclip.com
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10. Contact Information: Sparks Connect
 Director of NVC, Spark Connect
 Rachit Parekh (rachitparekh@bitsaa.org)
Pilani Goa Hyderabad
Prof. Arya Kumar Prof. Mridula Prof. Lalitha
( ( (
Faculty
aryakumar@bits-pilani.ac.in
mridula@bits-goa.ac.in lalitha@bits-hyderabad.ac.in
) ) )
Abhinav Khushraj
Alumni Director (akhushraj@bitsaa.org TBA TBA
)
Ishan Kawley Pradyumna Murhar
Student Geet Kalra
( (
(kalra.geet25@gmail.co
Representative m)
ishankawley@gmail.com pradyumna.murhar@hotma
) )
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