PAN-India Entrepreneurship Awareness Drive 2014 [EAD’14]
Entrepreneurship Cell, IIT Kharagpur is a non-profit student organization established with the aim of fostering the spirit of entrepreneurship among college students in India. We are one of the most successful entrepreneurial organizations in the country with over 50 start-ups incubated within 8 years of our inception. We conduct Guest Lectures, Workshops and Business Plan Competitions and provide mentorship and incubation support to aspiring student entrepreneurs.
The Entrepreneurship Awareness Drive (EAD) is one of our major flagship events, the other being the Global Entrepreneurship Summit held in January. The EAD consists of a series of Guest Lectures and Workshops in 20 cities in 20 days in the month of October. Each city plays host to an Entrepreneurship Awareness Camp (EAC), where eminent entrepreneurs and industry leaders counsel students about the pros and cons of entrepreneurship as a career and how it differs from the usual run-of-the-mill job culture that has existed till now. Each EAC also features a Networking Session, where Startups, Students and the Guests can freely interact as well as a Startup Pitching Session, where the startups attending a session get a one-on-one interaction with the Guest Lecturers.
The event in each city in general, would be graced by the presence of seasoned entrepreneurs, who would enlighten the attendees with insights into starting a successful enterprise followed by a workshop by IBM on the topic “From Idea to App : Sizzling Fast with IBM BlueMix”
EAD has come a long way since its inception 6 years ago and has seen the number of cities grow from 10 to 20 with a footfall of 7550 in 2011 and12000 studentsin 2014.Some of the distinguished guests who have stood on the dais of EAD include Ms. KiranMazumdar Shaw, Founder of Biocon, PhanindraSama, CEO of Redbus.in, Arjun Malhotra, co-founder of HCL Technologies, Mr. IrrfanAlam, Founder, Sammaan Foundation and the contemporary face of Social Entrepreneurship in India and Ms. Shaheen Mistry, Founder, Teach for India Foundation. As this drive continues to reach more students and entrepreneurs, we move one step closer to achieving Vision 2020, as outlined by Former President of India Dr. APJ Abdul Kalam.
The Entrepreneurship Awareness Drive also coincides with the launch of our International Business ModelCompetition:Empresario. Empresario is our Annual Business Model competition where business ideas in all fields ranging from Product and Service, Product Design to Social get equal opportunity to win the prize and incubation money to the tune of INR 2.5 crore. The prizes and services for the winners as per the last year are worth 15 lacs INR.Previously, Empresario has been launched in association withTiE Kolkata, Mahindra Spark the Rise and Dell Social Innovation Challenge.
This year, Entrepreneurship Cell IIT Kharagpur is proud to present the new prestigious Empresario 2015 in association with International Business Model Competition (IBMC). The best entries in all categories will get an opportunity to participate directly in the semi-final rounds of IBMC 2015, which will be conducted abroad.
The Impact- About 25% of the entries in our Business Model Competition- Empresario were from participants of EAD, which underlines the impact of this unique initiative towards motivating young minds towards entrepreneurial thought and action. 108 colleges participated in EAD 20123, with 20 colleges associating with us to conduct the EAD in their respective campus. During the drive, many colleges expressed their interest in setting up entrepreneurship promoting bodies for the benefit of their students. Activities have been initiated to set up EDCs or E-Cells in such colleges with Entrepreneurship Cell, IIT Kharagpur as their mentor. The campus ambassadors appointed from each associate college have also received due recognition from Entrepreneurship Cell, IIT Kharagpur. Thus, a healthy network has been developed between a large number of colleges and Entrepreneurship Cell, IIT Kharagpur, which is important for spreading awareness about entrepreneurship across the entire country.
Entrepreneurship Cell, IIT Kharagpur is a student organisation established with the aim of fostering the spirit of entrepreneurship among college students in India. We are one of the most successful entrepreneurial organisations in the country with over 50 start-ups incubated within 8 years of our inception. We are playing a vital role in developing the upcoming startups into successful companies by taking a great initiation of conducting flagship competition namely Empresario, the Annual Global Business Model Competition, open for students all across the globe.
Founders go wrong when they start to believe that their business plan will materialize as written. As any seasoned entrepreneur and investor will tell you, the reality of the market will always be different. The direst of consequences follow when the startup fails.
Hence, we need to have a more dynamic methodology for entrepreneurship than static business plans. This is why the Entrepreneurship Cell, IIT Kharagpur has sought to undertake a business model competition entitled ‘Empresario’(Visit www.ecell-iitkgp.org/empresario for more details).
Empresario is our Annual Business Model competition where business ideas in all fields ranging from Product and Service, Product Design to Social get equal opportunity to win the prize and incubation money to the tune of INR 2.5 crore. The prizes and services for the winners as per the last year are worth15 lacs INR.Previously, Empresario has been launched in association withTiE Kolkata, Mahindra Spark the Rise and Dell Social Innovation Challenge.
This year, Entrepreneurship Cell IIT Kharagpur&IBM are proud to present the new prestigious Empresario 2015 in association with International Business Model Competition (IBMC). The best entries in all categories will get an opportunity to participate directly in the semi-final rounds of IBMC 2015, which will be conducted abroad.
For the first round of Empresario, we will require participants to fill up a questionnaire asking in brief about their Business idea and submit it. This questionnaire can be found on our website www.ecell-iitkgp.org/empresario . Deadline for the submission is October 20th 2014.
Empresario is about recognizing that any new venture is just a guess at a problem / solution and the only valid way to test whether those guesses are right is to “get outside the building” and start working with customers.
A business model is designed to change rapidly to reflect what you find outside the building in talking to customers. It’s more visual, dynamic and it reflects the iterative reality that startups face. The activity of ‘validating’ the static guesses is more about actions and experiences than just thinking. Lean Startup principles are applied to radically compress the development cycle and take a prototype to jump start the learning process. Business plans often talk about what will happen in the future. Empresario is about what you learned by applying a Customer Development / Lean Startup / Nail It then Scale It process.
We provide our shortlisted entries immense help in terms of mentorship and our winners also get a much sought after chance to pitch their ideas in front of some of India’s biggest
Empresario participants are mentored and supported by organisations like TiE ,NEN(National Entrepreneurship Network)etc
VCs and investors.Startup Services like legal advice, taxation, financial, technical aspects of running a startup, co-working space, HR needs, incubation opportunities, etc. are provided.
One of the winners of Empresario’14, Betaglide also secured the largest funding among all the startupspresent at Rice Business Plan Competition.
Some of the past student startups who were winners of Empresarioare:-
- BetaGlide- Astartup by students of IIT Kharagpur, is a mobile app testing platform that allows developers to gather information in real-time about the system usage and the behavior of their app to improve its stability and performance. It has recently won the Tech Transfer Prize (Mercury Fund Prize) at Rice Business Plan Competition and became popular internationally.
- Roof For Two - A startup by a team from Massachusetts Institute of Technology, is a unique concept that can help solve the age-old problem of two-wheeler riders who ride daily through rain, sun and the cold. Roof for Two eliminates travel irritation with an affordable and stylish riding canopy.
We conduct our flagship event - Global Entrepreneurship Summit (GES), the largest collegiate entrepreneurial summit in India every year in January. The final rounds of Empresario 2015 will be held during GES’15.