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

People / Stories, Startups

How to be a successful freelancer

Freelancing opportunities are growing rapidly across industries. Find out how to make the most of this trend.

You can grab freelancing assignments not only in your city or in India but literally in any corner of the world. According to one estimate, every third user of Freelancer.com is from India.

The US-based website helps freelancers get assignments and takes a cut when the deal is done . It’s a trend that is slowly catching on. A growing number of professionals is junking regular employment to try their hands at freelancing. They are driven by the dream to be independent and work on their o .. 

Freelancers don’t have the luxury of a big brand name to back them. It is their work that speaks for them. So, the first step is to build a portfolio of work samples and testimonials from satisfied clients. 

Click Here for the full story from Wealth.economictimes.com

 
Business Plans, Calendar, Resources, Startups

‘Entrepreneur Expo ’13’

We are pleased to announce that the Entrepreneurship Cell of KJ SIMSR is organising ‘Entrepreneur Expo ’13’.

It will be a platform where 15 start ups operating in Mumbai and Navi Mumbai area will be given an opportunity to present themselves to 400+ first year MBA students. Entrepreneur Expo ’13 provides a perfect opportunity to both the start up firms and students to interact. The objective of Entrepreneur Expo ’13 is to provide a chance to such wavering young minds to wet their feet at start-up firms through concurrent project and internship opportunities.

The Expo is a 1 day event scheduled on 15th January, 2013. The participating students are from varied industries including but not limiting to automobile, IT, electronics, banking, etc.

So, what’s in it for the start ups?

The start ups will get the opportunity to harness the knowledge and experience of varied pool of students. Since the students are majorly between the age group of 21 to 27, the ideas and the energy will be vibrant and fresh.

We would like to invite you to be a part of the Entrepreneur Expo ’13 and looking forward for the same…

Event Details:

Date:                      15th January, 2013

Venue:                    K.J. Somaiya Institute of Management Studies and Research, Mumbai

Time:                      5pm-8pm

Participation Fee: INR 1,000

Contact us at:

Facebook:              https://www.facebook.com/ECell.SIMSR

Email       :              entrepreneurexpo.simsr@gmail.com

Website   :              http://simsrecell.weebly.com/index.html

 

Our Team of Pathfinders Ecell:

Faculty In-charge: Radha Iyer   9820440178radhaiyer@somaiya.edu

Co-convenor        :Gaurav Jakhotia 9920062244gauravjakhotia@gmail.com

Members             : Parag Bhandari  7758833388parag.b@somaiya.edu

Shikha Mehta  9820318537shikhamehta53@gmail.com

 

Entrepreneur Expo’13_ Brochure

Finance, Mentoring, Startups

Mentoring Clinic: Start-up Valuation: How do VCs and Angels Valuate your Startup?

One of the most frequently asked questions at any start-up event or investor panel, is “How do investors value a start-up?”. there are many valuation tools & methods out there. They range in purpose for anything from the smallest of firms, all the way to large public companies. In this mentoring clinic we would be discussing the issue of valuation by investigating what an investor is looking for when valuing a company

This clinic will help you to:

  • Acquire  knowledge and skills about valuation.
  • Network with entrepreneurs
  • Device potential solutions to your challenges
  • Get practical insights and clarify doubts from our expert panel

When and Where?

Date:            Friday, 16th August, 2013

Time:           02:30 pm 04:00 pm (Online)

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For more information Click Here

 

News, Startups

Runway to Success

Runway to Success is a brand new TV series by Lufthansa and ET NOW. A reality show that recognizes SMEs with the most powerful business case. Built on three successful seasons of Pioneering Spirit – A Product of Lufthansa, the new series is an improved avatar which is sharply focussed on you the entrepreneur. Spread over 11 episodes in which a shortlist of 27 entrepreneurs will compete for a Grand Prize empowering them to take off – quite literally – on the ‘Runway to Success.’

Sign On: It all begins with innovative entrepreneurs sharing the story of their big business idea. Of these, our business experts handpick a shortlist of the 27 most compelling business cases, which will then be featured on the programme.

Pitch in: On air, the first 9 episodes of Runway to Success will showcase the untold mantras of industry icons who have charted a new flight path to success. In each episode, 3 entrepreneurs will make their best business pitch to the icon, who will then pick a winner with the help of our business expert. Each episodic winner will win a Business Class Ticket to Europe and a TiE mentorship.

Take off: The 9 episodic winners compete in the Semi-finals for a spot among the top 3 who will battle it out in the Grand Finale to win:

  • A Lufthansa Business Class ticket to Europe
  • A sponsorship to an entrepreneurial programme at Cambridge
  • A TiE mentorship
  • A 3-month open office mentorship from Canaan Partners

Click Here for the website

Calendar, News, Startups

Microsoft BizSpark India Startup Challenge 2013 Multiple Cities – Big Impact

Microsoft BizSpark India Startup Challenge 2013 is a unique platform to identify and promote upcoming startups with a promising product in focus areas of connected devices and continuous services across India by submitting their business ideas on Cloud Computing and Mobility.

Microsoft BizSpark India Startup Challenge 2013 for the first time is organized in 10 different cities with a national grand finale in Bangalore. The event will be held between May 25 – June 7, 2013.  Last date for submission of entries 5 May 2013

Grant Prize of $70K cash and $2M worth of non-cash prizes.

Click Here for more information

Mentoring, Startups

What’s the Deal With the Sudden Rash of Incubators?

Ajeet Khurana
If you have been in the Indian startup space for the past couple of years, you would have noticed that the past 15-odd months have seen an abnormally high number of announcements of new private incubators and accelerators. What are these strange animals? What do they want from us? And what is it that has caused the sudden rash?
What are incubators or accelerators?
Before we examine what has caused the heightened interest in incubators or accelerators, let us take a moment to recollect what they are all about. Sure there are some philosophical differences between these two beasts, i.e., incubators and accelerators, but in essence the give-and-take equation with startups remains similar.

Click Here for the interesting article

Finance, Startups

Venture Nursery

VentureNursery (VN) is India’s first angel-backed start-up accelerator. Established in March 2012 by two like-minded Angel Investors -Shravan Shroff, Founder and former MD, Fame Cinemas and Ravi Kiran, former CEO-South East & South Asia, Starcom MediaVest Group and Co-Founder and Managing Partner, Friends of Ambition, the accelerator runs its physical premises out of Mumbai, India.

Based on our belief that the angel ecosystem must focus primarily on maximising the success potential of start-ups, VentureNursery undertakes an intensive and immersive coaching and mentoring role in the chosen start-ups and helps each with end-to-end infrastructural and learning support.

Click Here for their website

Resources, Startups

50 Amazing Startup/Business Incubators and Accelerators in India

Sometime back we were discussing options to find business incubation for our idea. We researched fairly and part of this article was the result of that research.We thought why not complete the research and publish it out for everyone’s use.

Startup incubators are a growing trend and a great thrust to support first time entrepreneurs across India. There are all kinds of efforts in this direction – Govt supported Institute based technology incubators, Private business incubators started by industry veterans and startup accelerators supported by companies and VC funds. Individually there are differences between how they incubate, structure the program, operate, support/fund and accelerate the ventures. We have tried to cover the fundamentals of each of them succinctly, but readers will do good to dive in each entity to understand more.

Click Here to read more about Incubators and Accelerators all over India