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Technopreneurship

Introduction

Techfest has always been known to travel the path less explored. 'Entrepreneurship is living a few years of your life like most people won't, so you can spend the rest of your life like most people can't; paying heed to these words of wisdom, we have added another feather to our competitions segment. Ever had the dream to set up a techno-enterprise? If Bill Gates, Narayan Murthy, Steve Jobs inspire you to the hilt, then you are at the right place at the right time. Technopreneurship, as the name suggests is a competition which will cater to all those next-generation technopreneurs, who have the will and the passion to innovate and set up their own enterprises. We provide these young guns with the ideal platform to bring out their innovations from the confines of the laboratories in the outside world and prove their worth. Techfest invites all those thinkers who have an idea, people who have always wanted to change the face of technology, to stand up and rise to this golden opportunity.

Today, with saturation creeping in almost every aspect of the industry, innovation is the only hope left to revive these industries. The technical know-how defines the way how an industry prospers. It is with this aim that the thought of Technopreneurship came up. With problems like Global warming, pollution etc. showing up their ugly heads, it is time we innovate and make our industries efficient and sustainable. It is the need of hour that we leave the old polluted ways and shift to clean technologies.It is time we think the unthinkable, innovate something earth-shattering.

Prizes worth INR 1,00,000 to be won.

Register for Technopreneurship

Executive Report submission date extended to 11:59 pm , 17th September 2010.

View the Themes

For further queries contact:

Samir Jain
Manager, Events
samir_jain[at]techfest[dot]org
Ph. +91 97694 27697

Themes

Technology is boundless and the innovations limitless. However, keeping in mind the format of the competition, Technopreneuship has been streamlined and will ask for registration in the following broad categories:

  1. Clean Technology: In this category, plans focusing on making existing processes in the industry clean or innovating a new Clean technology/product all together will be entertained.
  2. Cost effectiveness: This is the most important factor which a new product should consist of. The participants need to explain how their product or innovation can reduce the costs for the society.
  3. Defy Convention: This category invites entries which by virtue of their brilliance can revolutionize a particular sector of industries or can have a social benefit.

    4. for e.g:- A B-Plan which involves an exceptionally brilliant technological innovation like an artificial heart that could revolutionize the current market scene.

Any participant can opt for these categories in priority such that it can be filtered according to their preference. First priority will be considered and if the plan is exceptional to be in 2nd option too then it will be evaluated there as well.

Only B-Plans that make integral use of technology such as those involved in the following technological areas are allowed to participate. Team must have a B-Plan under one of the areas as listed:

  1. Biotech.
  2. Telecom
  3. Power
  4. Information Technology
  5. Agriculture
  6. Software Technology
  7. Education [Eg. E-learning ]
  8. Electronics and Communication
  9. Environment
  10. Health
  11. Manufacturing
  12. Web Services
  13. Nano Tech
  14. Defence

Download the Technopreneurship Themes.

View the Competition Structure.

Outline of the Programme

Registration July 21st, 2010 Registration start.
Executive Report Stage Extended to 17th September 2010 Submission of Executive Report in the format specified.
Mentorship stage September 25th, 2010 to
November 25th, 2010		 Mentors will be allotted to the shortlisted participants. Selected Participants will have to work on their ideas and prepare a business model.
First review October 25th, 2010 The review has to be submitted in the format specified.
Final B Plan November 25th, 2010 The B Plan has to be submitted in the format specified.
Result December 10th, 2010 Declaration of shortlisted candidates for presentation during Techfest 2011.

Executive Report

The team has to submit a max. of 5 page [excluding the cover page and Team description] executive report .pdf before 17th September 2010. The Executive report should cover the following major aspects.

  1. Introduction
    • a. Brief Business idea
    • b. Innovation aspect
    • c. USP
  2. Technolgy
    • a. Technology Aspect
  3. Market Research
    • a. Preliminary Study of Present Scenario, Their rivals, Present customer satisfaction
    • b. Customer Value
    • c. Market Size
    • d. Market Audience
  4. Model Analysis
    • a. Feasibility
    • b. Profitability
    • c. Generation of benefits for industry

The report should be mailed to techno[at]techfest[dot]org with the subject "Techno_(Team_id)_(Team name):Executive Report" Eg. Techno_1234_stellar corporations: Executive Report. Please do not forget to mention your registration number in your report while sending it.

Report should reach us by 17th September (extended), 23.59 Hours IST.

Mentoring Process

  1. Based on the above Executive Report, participant teams would be shortlisted.
  2. The shortlisted teams would then be provided mentorship by some distinguished faculty and corporate. The mentoring process would be beneficial for the participant teams to come up with a good enough marketing model of their product.
  3. The mentorship period would last for 2 months from 25th September to 25th November.

First Review

A brief report of progress has to be submitted by the participant to the respective mentor and a copy of the report should also be sent to Techfest latest by 25th October.

The report should be mailed to techno[at]techfest[dot]org with the subject "Techno_(Team_id)_(Team name):First Review" Eg. Techno_1234_stellar corporations:First Review.

B-Plan Submission

A final B-Plan has to be submitted by the team before 25th November for further evaluation. This evaluation will be done by a panel of experts in the respective fields as mentioned in Themes.

All submitted reports will be screened by respective mentors.

Plan should reach us by November 25th 23.59 IST .

Results

The plan should be mailed to techno[at]techfest[dot]org with the subject "Techno_(Team_id)_(Team name):B-Plan" Eg. Techno_1234_stellar corporations: B-Plan. Please do not forget to mention your registration number in your plan while sending it.

Results for the shortlisted candidates with the feedback from judges and mentors will be announced on 10th December. These shortlisted candidates will be finally presenting during the culmination of techfest i.e. 7th-9th January.

Final Presentation

After declaration of the finalists, participants will be given an opportunity to present their ideas in front of a panel consisting of some venture capitalists, corporate and faculty members. These participants would be given a maximum of 4 minutes to present their ideas.

View the Rules

General Rules

  1. The participant should be the intellectual owner of the idea.
  2. Every team has to register online on our website for the competition. A registration number will be allocated to the team on registration which shall be used for future reference.
  3. Entries remain the property of the legal owner.
  4. Entries submitted after the deadlines will not be considered
  5. The contestant can take part in any other B-Plan competition.
  6. One contestant can send more than one Business Plan. But, he/she will have to register separately for each B-Plan that his/her team submits.
  7. The judges, mentors and the organizers will take the utmost care in handling the entries, and will guarantee the utmost confidentiality.
  8. While scope of technological innovation is not restricted to the mentioned areas under the themes tab, plans without strong technological focus may not be chosen to compete.

Eligibility Criteria

  1. a student of having a valid identity card of respective educational institute
  2. a startup which has registered not before a span of 1 year from 15th Aug 2009.

Certificate Policy

Those teams who give a final presentation about their idea during Techfest would be awarded a Certificate of Participation.
The top entries from this event would be provided with Certificate of Excellence.

Team Specification

A team of Maximum 3 members is allowed to participate.

Register for Technopreneurship