Volume 05     Issue 05     8 July 2010           
 THE POWER OF IDEAS-2010

 CIIE has joined hands with The Economic Times and the Government of India for ‘The Power of Ideas’ initiative – a unique national campaign to build a stronger entrepreneurial ecosystem in India. The Power of Ideas is expected to be the largest such initiative ever anywhere in the world.

The Power of Ideas initiative was launched by The Economic Times in 2009 with the aim of providing a platform to groom and nurture entrepreneurs by connecting them with relevant mentors and investors – helping aspiring entrepreneurs convert their idea and start-up into a viable business. The program in its first year attracted over 12,500 business ideas across sectors.

This year, CIIE has become a partner for The Power of Ideas 2010 to build an inclusive ecosystem comprising of various stakeholders - academic institutes, mentors, angels and incubators across the country. Our ultimate goal is to help guide future entrepreneurs towards making their ideas a viable business, through mentoring and seed-funding provided by the ecosystem we are creating.

Be a Mentor
http://mentoredge.com/mentor_signup

Be an Evaluator
https://spreadsheets.google.com/a/iimahd.ernet.in/viewform?hl=en&formkey=dHo0VExWcWNidm84THN2dmNjbVFsZ2c6MA#gid=0

CIIE and Piramal Foundation announce “Piramal Prize 2010”

Piramal Prize

Centre for Innovation Incubation and Entrepreneurship at IIM Ahmedabad and Piramal Foundation announce “Piramal Prize 2010” - to enable bold entrepreneurial ideas with potential to reduce the burden of disease across India. The Prize is an initiative to solve the health crisis by encouraging innovative ideas in the field of health care. This is the second edition of the Prize with its success of the first edition in 2008.

Piramal Prize 2010 will award Rs 20,00,000 to Emerging Ventures and Established Organizations. Applicants should have business models that emphasize sustainability and impact on the health outcomes of India’s masses; but it is equally important for entrants to have passion for and commitment to solving the healthcare crisis

Last date for Application : 15th August 2010

To know more visit – www.piramalprize.org

I

iAccelerator  (2010)

10 day workshop at CIIE

We are proud to say that we received a few hundred applications this year for the iAccelerator programme from across the country. We also partnered with incubators and investors in different cities to provide iAccelerator startups with incubation support, mentorship, living and working space in major metros.

Over 50 teams were shortlisted and met in person in Delhi, Mumbai, Bangalore and Hyderabad.

We held a ten day workshop at CIIE for the 9 finalist startups where we had experienced mentors come in and guide the startups in the areas of fund raising, marketing, sales, user interface design, etc.

On each one of the days of the workshops, we had mentors come in to talk about a specific subject to the startups and spend time on individual sessions.

Some of the mentors are listed below.

BCWebwise
BCWebwise is India's leading digital design agency.

They came in to talk about user interface design, front-end coding for websites as well as how startups can leverage relationships with advertising agencies and brands to build partnerships for advertising revenue.

Bipin Agarvat, Editor, Entreprenuer magazine

Mr. Bipin chandran is the Chief Editor of Business magazine "Entrepreneur" of Infomedia18 group. He is from Delhi and after completing school education from Delhi he did his post graduation in Philosophy. His areas of interests are entrepreneurship, economy development and social development. He is in this field from last 10 years and has an experience of writing articles for prestigious media bodies.

Bipin mentored the iAccelerator startups on how to gain and hold the attention of the media. How to plan out a year long media strategy and how to craft the story that defines the narrative of the startup.

Doyel Kar, Director, Client Delivery at Mu Sigma

Has been a trusted advisor to leadership and senior management layer in muliple fortune 50 companies. Her functional expertise lies in analytics based consulting. Through this discipline she led engagements with various business across the world.She have been actively engaged with businesses across regions, US, Europe, North East Asia and Latin America to understand the role of Global platforms with local initiatives. Prior to this role she have worked in a Fortune 500 company.

Doyel mentored our startups on Analytics in business decision making in terms of figuring out what users to target, how to measure activity, etc.

Faisal Farooqui, Founder Mouthshut.com

He is an entrepreneur, best known as the founder- Chief Executive Officer of MouthShut.com, a leading user-generated consumer review and feedback service. Faisal is often regarded as the man who introduced Web 2.0 concepts in India and a leader in the social media space.

Faisal gave our startups a perspective on what the journey of a founder is like. He has grown mouthshut from an idea to a business with more than 3.3 million registered users.

Mentore Edge

"MentorEdge : Next series of Mentoring Clinics"

MentorEdge was born out of the need to help entrepreneurs who couldn’t be incubated at CIIE because of its focus on Innovative Technology driven Incubation and thus cater to the larger ecosystem.

Mentoredge has now spread across 8 cities [Delhi, Kolkata, Mumbai, Pune, Ahmedabad, Chennai, Hyderabad and Bangalore] all over India. Each city has its set of Evangelists who co-ordinate locally with participants. The objective to equip each city with its set of expert mentors who will be supporting the MentorEdge initiative by being available to guide the mentee entrepreneurs with their knowledge and expertise.

Mentoring Clinics are a common platform where the Mentors and the budding entrepreneurs come together. The aim is to facilitate and connect Entrepreneurs with the Mentors over a 45 minute slot, which is pre allotted before the event. Prior to the event the mentees are instructed to view the mentor profiles on the website and select which mentors they want to connect with. To ensure that right people, with similar work domains and interests meet each other there is a rigorous curation process carried out at the backend by CIIE team once the selections are confirmed. The event lasts about half a day, where dedicated slots are assigned for mentees and mentors to meet. The mentees are sent preparatory material to ensure they come prepared with the project / ideas and make optimum use of the 45 minute slots allotted to them with their chosen mentor. We intend to organize the event such that the mentee is benefited by meeting at 3 – 4 mentors on the day.

Mentoring clinics are meant to be first hand interactions where we introduce the 2 parties and encourage them to carry this relationship forward as per mutual agreement between them. The intention of Mentoring clinics is to create an entrepreneurial ecosystem across the country, where participants are benefited by the collective pool of intelligence.

Entrepreneurs interested in being a part of the clinic can visit our website for further details [http://mentoredge.com] and register as a Mentee, marking the city where you wish to attend the clinic as your preference.

Please feel free to mail us on mentoredge@ciieindia.org if you would like to connect with the team. Please use the following format as subject for the mail : Interested in Mentoring Clinic (city)

Dates

Hyderabad : 17th of July
Kolkata: 24th of July
Chennai : 31st of July

Biosense
Biosense receives Echoing Green fellowship award and Grand Prize in Global Health
Incubatee News
UNIKEN
UNIKEN and CIIE set up Technology Innovation and Entrepreneurship Labs
Gridbots

Gridbots going to launch Two New Products – mobiSURV and sleuthHOUND

In the Spotlight

CIIE launches “Power of Ideas -2010”

CIIE and Piramal Foundation announces “Piramal Prize 2010”

“iAccelerator 2010” 10 days workshop at CIIE

"MentorEdge : Next series of Mentoring Clinics"

 
CIIE   India
 
Contact us at:

Centre for Innovation Incubation and Entrepreneurship
Indian Institute of Management (IIM), Vastrapur, Ahmedabad - 380015 Gujarat, INDIA
E-mail: ciie@iimahd.ernet.in  Phone: 079 6632 4203  Fax: 079 6632 4207
Web: http://www.ciieindia.org/


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