News, Resources

India Design Mark

INDIA DESIGN MARK Capture

India Design Mark (IMark) is a design standard, a symbol, which recognizes good design.
IMark symbolizes product excellence in form, function, quality, safety, sustainability and innovation and communicates that the product is usable, durable, aesthetically appealing & socially responsible.
India Design Council grants IMark after evaluating good design through a rigorous and systemized process against established criteria. IMark has been initiated in cooperation with Good Design Award, Japan.
IMark is for everyone. Anyone, from global enterprises, micro, small and medium-sized enterprises or cottage industries, can apply for an IMark.
All types of mass produced products are eligible for Nark. Detailed categories, application process, judging criteria and other details are available on www.indiadesignmark.in
APPLY NOW LOG ON TO www.indiadesignmark.in

CATEGORIES FOR ENTRY

  • LIFESTYLE PRODUCTS
  • HOME & OFFICE APPLIANCES
  • INDUSTRIAL EQUIPMENT
  • FURNITURE & EQUIPMENT
  • AUTOMOTIVE & TRANSPORTATION
Advertisement
Finance, News

SEBI opens crowd-funding window for start-ups

Capture
Move to provide alternative source of funds; safeguards built in to protect retail investors

In a move that will help start-ups struggling to raise funds, SEBI is warming to the idea of allowing crowd-funding, a popular concept in developed countries.

Crowd-funding is seeking funds (in small amounts) from multiple investors through a web-based platform or a social networking site for a specific project, business venture or social cause. SEBI came out with a consultation paper on crowd-funding on Tuesday to provide alternative financing sources to start-ups. It wants the issue fund-raising capped at ₹10 crore a year for each start-up.

However, companies which want to raise more than ₹10 crore may do so by listing shares on an SME platform or main board of a recognised stock exchange, SEBI said.

To ensure that retail investors do not end up bearing all the risks of start-up ventures, the market regulator proposes to permit only certain retail and accredited investors to participate in crowd-funding.

Retail investors who can participate in crowd-funding should be getting advice from an investment consultant or a portfolio manager or should have passed an appropriateness test (may be conducted by an institution accredited by the National Institute of Securities Markets or the crowd-funding platform).

Also, only investors with a minimum annual gross income of ₹10 lakh and those who have filed income-tax returns for at least three financial years will be eligible to participate.

Investors “have to issue a certificate that they will not invest more than ₹60,000 in an issue through the crowd-funding platform, and not invest more than 10 per cent of their net worth, which excludes the value of the primary residence or any loan secured on such property.”

Accredited investors, the other set that can invest in start-ups, include qualified institutional buyers, companies with a minimum net worth of ₹20 crore, and high networth individuals (HNIs) with a minimum net worth of ₹2 crore.

Though there is no cap on QIBs, a maximum of 200 HNIs and retail investors can participate in an issue.

RestrictionsThere are curbs on fund raisers too. According to the SEBI proposal, a company promoted, sponsored or related to an industrial group with a turnover in excess of ₹25 crore or which has an established business is not eligible for crowd-funding.

Also barred are realty companies, listed corporates and firms which have been in existence for more than two years. The crowd-funding route is not open to a company that proposes to use the funds raised to provide loans or make investments in other entities.

Start-ups shall not use multiple crowd-funding platforms nor advertise their offering or solicit investments from the public. The issuer should compulsorily route all crowd-funding issues through a SEBI-recognised platform.

Only national stock exchanges and SEBI-registered depositories are eligible to set up a crowd-funding platform. SEBI is also open to allowing technology business incubators promoted by the Centre or a State government to set up a crowd-funding platform.

Now, the market regulator will wait for comments and suggestions on the consultation paper from industry and market participants.

(This article was published in the Hindu Business Line print edition dated June 18, 2014)

 

Innovation, Motivations, News, Social Entrepreneurship

Spark the Rise !

INDIA’S BIGGEST EVER INNOVATION CHALLENGE

The USD 1 Million Rise Prize aims to spur breakthrough innovations from India which captures the mainstream imagination. It is an enabler of disruptive change. A catalyst to bring about world beating ideas from India. The ultimate goal is to change the way we live, work or play. Disruptive scientific and technology innovations that are ‘Made in India’ will now be real.

India has been on the verge of greatness for too long. It’s time to change that. It’s time to make the world sit up and take notice. To create disruptive solutions that transform lives. To lead in enterprise and innovation. To see “Made in India” mean best in the world.

It’s time.

TO SPARK THE RISE OF INDIA

We have curated an array of programs to inspire and enable world-class innovation and entrepreneurship from India.

From incubation of just an idea, to capital for your venture, and challenges that seek disruptive solutions, Spark the Rise has something to offer you. The funders, incubators and connectors you see on Spark the Rise have complete ownership and responsibility of their programs.

What’s in it for you

$700,000 to build a driverless car for India.

$300,000 to develop a solar DIY kit for household energy needs.

and much more

Click Here to visit the website

Education, News, Startups

India’s new start-up hub, Powai Valley

Thanks to the combination of an engineering school that is as brutally difficult to get into as any in the world, Mumbai’s famed spirit of ‘dhanda’, and relatively low rentals, a new breed of risk-taking, entrepreneurial talent is turning Powai – which once lay sleepily around a picturesque lake – into India’s new hotspot for start-ups. It already houses more than 50 start-ups, and there are many others lining up to enter. (In a nod to its emergence as a business hotspot, a bunch of new upmarket pubs and restaurants have sprung up.)

While some of these ventures are bootstrapping, others are flush with funds but together they fuel an ecosystem which, venture capitalists say could, possibly be India’s answer to Silicon Valley and London’s Silicon Roundabout.
What is brewing in Powai Valley, a moniker given by VCs, is unlike Bangalore and the NCR, largely because most of the start-ups in Powai are in the consumer space whether it’s internet or mobile. Also, the Mumbai suburb is supported by talent coming from IIT-B, giving it an edge over other cities, in the long run.

Click Here for the details of how IIT-B is setting up an entrepreneurship center

Calendar, Motivations, News

Most Prestigious SME Awards

Dear Entrepreneur,

YES BANK and Business Today have been recognizing the excellence of SMEs on a national platform since the last four years. This initiative has received an overwhelming response and exceptional participation of more than 4 lakh applications last year and 15 proud winners. We are proud to present the 5th edition of this prestigious awards for 2013.

The survey will be carried out for the following awards, both under the Small sized (enterprises with turnover upto Rs.50 crores) and Medium sized (enterprises with turnover from Rs. 50 crores to 200 crores) categories and selected SMEs with exceptional performance will be felicitated with awards across categories for the Best CEO, Best SME, Social responsibility, Innovation etc.

We are pleased to invite your nomination for the 5th BT YES BANK SME Survey and Awards 2014. 

Click here to apply online

The Application deadline is 10th Feb, 2014.

The award winners will be determined through a robust three-step selection process, on the basis of the application form and publicly available sources. The winners will be decided by an independent jury and will be felicitated at a Special Award Ceremony. 

We look forward to your valuable response. Thank you.

Sincerely,

ASHISH BAGGA
Chief Executive Officer
INDIA TODAY GROUP
RANA KAPOOR
Founder, Managing Director & CEO
YES BANK
For further information please contact:
Mr. Devendra Maydeo Mr. Nitin Das Mr. Dharmarajan M
devendra.maydeo@yesbank.in nitin.das@yesbank.in dharmarajan.m@yesbank.in
+91 22 6669 9245 +91 11 6656 9034 +91 22 3347 9841
Business Ideas, Networking, News

The Entrepreneurship Summit 2014

The Entrepreneurship Summit 2014 – 1st -2nd February, 2014 | IIT Bombay www.ecell.in/esummit

The Entrepreneurship Cell, IIT Bombay presents the Entrepreneurship Summit 2014- a confluence of industry veterans,business leaders, entrepreneurs,visionary students and anyone who wishes to be the one of those  bent on creating a dent in the universe.

The Entrepreneurship Summit 2014 has got UN patronage which is UNESCO’s highest form of support granted to demonstrate the Organization’s moral endorsement of an exceptional activity.

Speakers

The E-Summit ‘14 is proud to play host to yet another panel of esteemed guests ,renowned businessmen from across the world. Some of them include (Full list here):

Bharat Desai, Founder and CEO, Syntel

Sachin Bansal CEO and founder, Flipkart

Bharat Banka CEO,Aditya Birla Private Equity

Rana Kapoor CEO and founder, Yes bank

Mr. Anand Kumar – Founder Super 30

Varun Agrawal – Co-founder, Alma Mater

Steli Efti – CEO Elasticsales, San Francisco

Avani Davda- CEO, Tata Starbucks Limited

Susan Sweeney, Social Media Marketing Expert

Asher Hasan,Asian Entrepreneur of the Year 2011

Yu kai Chou, Gamification Guru

Mukund Mohan-CEO,Microsoft StartupAccelerator

Alexander Blass, Entrepreneur-in-Residence at the Wharton School

Prakash Amte , Social Activist

Workshops and Panel Discussions

It is not just our speaker line-up that we pride ourselves in, but also the quality of workshops, panel  discussions  we offer.

              Workshops

      Panel-Discussions & Trends Today

Lean Methodology

E-Commerce: The Inside Story

Gamification

Big Data

VC Funding

Mobile Space

Social Enterprise Bootcamp

Job vs Entrepreneurship

Design Thinking

These products for Mobile Gaming

Entrepreneurial Finance

Cleantech

User Experience and Product Design

How to get your startup  idea funded

Debt Funding

Education Technology

Business Model Canvas

Healthcare

HR for Startups

Social Entrepreneurship

Social Media Marketing

Social Campaign by E-Cell

Networking Arenas

1. Investor’s Arena: A platform wherein you get to pitch your idea to major VC firms in the ecosytem (Nexus Partners, SAIF Partners, Indian Angel Network) by filling in this form and getting an appointment with them on the day of the E-Summit.

2. Business Mentoring Hub: A platform wherein you can get expert mentorship on various problems you are facing as a startup. Fill this form, and if you get selected, you get a meeting scheduled with them on the day of the E-Summit.

3. Co-founder’s Arena: This is a team building platform for two kinds of people,

a.) ones who are looking for a design/coding/sales etc. team mate for their startup

b.) ones who are coders/designers/salesmen etc. and are looking to join a good startup idea

If you are either of them, you can register for Co-founder’s Arena here.

4. Idea Validation Arena: A platform where you can get your idea validated by the best experts in the Indian startup ecosystem. You can register for Idea Validation Platform here and if selected you will get to validate your idea with a mentor on the day of E-Summit.

Crowd Funding

Crowd Pitch: A crowd funding pitch competition wherein you submit your idea here and 15 ideas out of them get to pitch in front of a crowd and compete for a cumulative prize worth Rs. 1.3 lakhs.

The Lean Startup Machine Bootcamp
The Lean Startup Machine Bootcamp is a 9 hour long workshop where the participants will learn how to apply Lean Startup Methodologies to build products customers will pay for. This is not a Hackathon nor is it a conference. This is an immersive, 9 hour experience at the end of which you will have a working MVP (Minimum Viable Product) on hand.

Speaker & Mentor: Adam Berk, Director of Entrepreneurial Science at LSM, Entrepreneur

To know more, visit:http://ecell.in/esummit/leanstartupmachine

How to attend?

Register yourselves at http://ecell.in/esummit/register/

Join us on facebook: facebook.com/ecell.in

Tweet using #eSummit14

PRICING

Student (contingent) – Rs. 200/-

Student (Individual) – Rs. 300/-

Professional – Rs. 1000/-

Note that by registering for E-Summit once, you will get unlimited access to any of the 14 competitions, 16 workshops and numerous speaker sessions.


For Queries
Mahak Maheshwari
Contact: +91-9833429735
Business Ideas, News, Training

Find and promote innovative and sustainable solutions in the skills ecosystem in India

One winner and three finalists will be rewarded in each category. Winners will receive cash reward of INR 3.5 lakh in the Operations category and INR 1.5 lakh in the Idea Category by the Muthoot Pappachan Foundation, the CSR arm of the Muthoot Pappachan Group. In addition winners will receive access to the EMPRETEC capacity building program of the IBF and UNCTAD. The winner and finalists will receive the following:

  • Capacity building: access to renowned experts, training course
  • Network opportunities: introductions to investors, high-profile event passes
  • National visibility: online promotion

The first Connector of a Winner in each category will get INR 10,000 cash reward and the applicants with the highest public votes in each category will receive INR 15,000 cash reward by the Muthoot Pappachan Foundation, the CSR arm of the Muthoot Pappachan Group.

Click Here for more information. Last date 1 December 2013

News, Resources

Mapping ideas worth spreading

What do 24,000 ideas look like? Ecologist Eric Berlow and physicist Sean Gourley apply algorithms to the entire archive of TEDx Talks, taking us on a stimulating visual tour to show how ideas connect globally.

TED Senior Fellow Eric Berlow studies ecology and networks, exposing the interconnectedness of our ecosystems with climate change, government, corporations and more. Full bio »

Sean Gourley, trained as a physicist, has turned his scientific mind to analyzing data about a messier topic: modern war and conflict. He is a TED Fellow. Full bio »

Business Ideas, Innovation, News

Karl Mehta’s app for Social Change

Filthy Streets? Truant Teachers? Karl Mehta’s Got an App for That

Shortly after the ravaging Hurricane Sandy hit the East Coast heavily last year leaving an estimated $68 billion of damage in its wake, San

Francisco Bay Area venture capitalist Karl Mehta was at the White House and heard government agencies, such as FEMA, come together with companies like Google to rebuild the area and provide for its victims.

“This gave me first-hand insight as to how a combination of the public and private sectors could come together to manage these types of situations,” Mehta told reporters in a teleconference with the India media Aug. 15, shortly after launching the initiative “Code for India.”

The unique initiative aims to gather 1 million software engineers from throughout the world who will volunteer for eight hours a month to develop mobile applications that address India’s most-pressing needs.

“It’s better than someone handing you an $80 million check,” said Mehta, noting that the project has a potential value of $800 million per month. “Code for India” will focus on issues in education; health and sanitation; food and water; and entrepreneurship. The project develops solutions based on citizen input: “If you see a problem and think there should be a solution, type it into our wiki, and thousands of engineers will work on it,” said the Mountain View-based Mehta, adding that he already has a team of 300 volunteers, many from Google, Facebook, and Amazon.

Click Here for more