Tilawat Welcome Address – Dr. Shahid Qureshi Introduction to Invent – Dr. Zahir & Mr. Azhar Q &...
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Transcript of Tilawat Welcome Address – Dr. Shahid Qureshi Introduction to Invent – Dr. Zahir & Mr. Azhar Q &...
Welcome to the
INTRODUCTORY SESSION!
• Tilawat• Welcome Address – Dr. Shahid
Qureshi• Introduction to Invent – Dr. Zahir &
Mr. Azhar • Q & A• Vote of Thanks – Dr.
Shahid Qureshi
Agenda
Introduction Outline• Entrepreneurship and Innovation• Objectives & Myths• Eligibility & Registration• Process• Ideas & Grading• Awards• Summary• Q & A
Entrepreneurship & Innovation
• Entrepreneurship: – “Pursuit of Opportunity beyond the resources that you
currently control” (Stevenson)– Stimulates Economic Growth and Employment– Traits: Creativity, dedication, determination, flexibility,
leadership, passion, self-confidence, and “smarts”– Process: Problem/Need, Opportunity, Team, Funding,
Solution, Go to market, Ramp up, Exit
Entrepreneurship & Innovation
• Innovation: – Coming up with Something New & Applying it– Improves the Quality of Life– Only way of Sustaining Competitive Advantage– Types
• Adoption• Adaptation• Creation
Objectives• Develop the next generation of Entrepreneurs• Hands on Training:
Business Plan (BP), Executive Summary (ES), Elevator Pitch (EP) and Presentation (P)
• Enhance Academia - Industry Collaboration • Enhance Collaboration between Universities • Establishing BPC projects can be viable
businesses.
Myths• Entrepreneurship is only for Business Majors• Business Majors only participate in Business Plans
Competitions• CEO’s, CFOs and CMOs are Business Majors• Engineers ---- All other majors are low form of life• Business, Arts ---- Engineers/Sc Majors are nerds
Eligibility & Team• Bachelors /Masters/PhDs• CEO, CFO, CMO, CTO & Dir Operations•At least 1-2 Business Majors, 1-2 technical, other disciplines’ majors. • Domain expert.
Registrations• Individuals• Idea• Registration of complete five member team using the SRN.
Process
Activity Starting Date End Date
Round 1:
Introductory Session 10-Mar 28-Mar
Ideas Registration 01-Mar 15-Apr
Round 2:
1-Day BP Workshops & Short listing of Ideas 7-Apr 21-Apr
ES and EP Preparation and Submission 7-Apr 6-May
Short listing & Mentor Assignment 6-May 14-May
Process (Contd.)
Round 3:
One-on-one mentoring of teams on BP &
14-May 10-JunPreparation and Submission of BP and DP
Short listing finalists based on BP & DP 10-Jun 25-Jun
Round 4:
Mentoring on Presentation Skills & Finalization & Submission of P 25-Jun 30-Jun
Final event: Presentations, Judging, Selection of winners and awards 30-Jun 30-Jun
Ideas (Preference & Sources)
• Addresses Pakistani Problems• Is for the masses• Preferably from the Industry• From Domain Experts• From the Faculty. • From the Internet.
Idea Grading Marks
Real Problem/Unmet Market Need 25
Target Customer Identification 10
Market Size Identification 5
Novelty of Idea 25
Workability of Idea 15
Clarity & Preciseness of Articulation
20
Total 100
Agri-preneurship
Techno-preneurship
Social-preneurship
Other-preneurship
Awards
Invent 2012
Breakup
Per Team (Rs.) Per Team (Rs.) Per Team (Rs.)
Cash Prize Startup/Seed Money
Total
Each Category
Winner 100,000 500,000 600,000
First Runner Up
75,000 400,000 475,000
Second Runner Up
50,000 300,000 350,000
Category
Summary
• Hands on training for next generation of Entrepreneurs
• Enhance Collaboration among Universities
• Enhance Collaboration with Industry• Work towards arranging seed funding
for top teams
Thank youQ & A