Entrepreneurship Spirit in ABV-IIITM Gwalior

Technology Innovation and Incubation Center

ABV-Indian Institute of Information Technology and Management Gwalior

Lecture on Entrepreneurship 31st Dec ‘09

Entrepreneurship Entrepreneurship Spirit in ABV-IIITM Spirit in ABV-IIITM

GwaliorGwaliorPresented By:

Rahul Kala,

AI and Expert Systems Lab,


http://students.iiitm.ac.in/~ipg_200545/

[email protected],

[email protected]

Conceived and Compiled By:

Mithilesh Kumar

Siddharth Goyal

Rahul Kala

Chandan Kumar Singh

31st December, 2009Edited: 18th October, 2012




Entrepreneurship Spirit Entrepreneurship Spirit in in

ABV-IIITM GwaliorABV-IIITM Gwalior

Exotic

EntrepreneursEntrepreneurshiphip

A Few Basics




What?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




CharacteristicsCharacteristics




InnovationInnovation

Creativity is a

prerequisite to

Innovation




The Creative ProcessThe Creative Process




ChallengesChallenges

Entrepreneurship Entrepreneurship inin

ABV-IIITM GwaliorABV-IIITM Gwalior




A Few ExamplesA Few Examples

And many more…




Some from Current Final Some from Current Final YearYear

Exotic Solutions Pvt. Ltd.




Entrepreneurship in the Entrepreneurship in the InstituteInstitute 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 What makes this possiblethis possible




What makes this possibleWhat makes this possible




Integrating IT with Integrating IT with ManagementManagement

I2M Approach




Case Study – I: Case Study – I: Advantal ServicesAdvantal 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




Integrating IT with Integrating IT with ManagementManagement

M2I Approach




Case Study – II: Case Study – II: CEON SolutionsCEON 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.




Open Ended CurriculaOpen Ended Curricula

Self Study, Internships, Electives, Free Electives,

ProjectsThe Golden RuleCatch a field and

master to fullest extent with desired subjects and projects They are not

made…They emerge out




Case Study III:Case Study III:Voice InfoVoice 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.




Knowledge SharingKnowledge SharingCulture to discuss, share and

collaborateHub of Diverse Intellectual

CapitalStrong student bondingEntrepreneurship is a tradition

Some ‘formal’ platforms◦AASF, SF-FOSS, MAD, La-Vista




Case Study – IV: Case Study – IV: Bcube IT ServicesBcube 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.




Case Study – V: Case Study – V: RealtyAppleRealtyApple

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.




Micro InitiativesMicro InitiativesIndustrial Base of GwaliorIndustry oriented learningLive Case Studies and ProjectsIndustrial InternshipsEmphasis on e-Governance and related

coursesHR Meets, Industrial Meets, etc.Regular interaction with Entrepreneur AlumniInstitute Encouragement to B. PlansHosting of Pioneer, Institute B PLan Contest

with e-Cell IIT Bombay




Technology Innovation and Technology Innovation and Incubation CenterIncubation Center




Case Study – VI:Case Study – VI:File Tracking System/SORSFile 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.




Entrepreneurial AccoladesEntrepreneurial Accolades

Some Accolades of BPlans1st Position in Effervescence’08,

IIIT Allahabad1IIrd Position in Effervescence’08,

IIIT AllahabadFinalists at Magnum Opus, IT

BHU’09Numerous BPLans presented at

Pioneer, ABV-IIITM Gwalior




Facts for a Promising Facts for a Promising FutureFutureStudent Intake has DoubledEstablishment of Technology

Innovation and Incubation CenterInternational and National

CollaborationsMaturing CultureAnd Ever Increasing Motivation

Institute Alumni about to be CEO of a leading company




Thank YouThank You




• Director, Center for Entrepreneurship Director, Cape Fear Area Consortium of the Small Business and Technology CenterProfessor 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

Entrepreneurship Spirit in ABV-IIITM Gwalior

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