E—Session on

Hangout with Emerging Innovator cum Entrepreneurs

1st Session by

Ms. Vandana R. Thakur, PhD Scholar

IIC - Innovation Ambassador Female Innovator cum Entrepreneur

L. M. College of Pharmacy Email: thakurvandana23@gmail.com

03.00 PM – 03.30 PM April 23, 2020, at 3.00pm

My Achievements so far as Innovator

• Won 2nd for best Idea in Exploring Traditional Remedies in Healthcare under Student Startup Innovation Policy (SSIP) and AIC-LMCP Foundation (ALF), 2019, Govt., of Gujarat

• Finalist of National Innovation Contest 2019, IIC-MIC, AICTE

• Part of Female Entrepreneur Delegation to Canada, CIAP 2020

• Inventor – National Patent Applied (IN 202021010935)

• Recipient of IIC-Innovation Ambassador, MHRD’s Innovation Cell

Video Link: https://www.facebook.com/lmcp.in/videos/199717351267973/UzpfSTEwMDAwNDQwMjYyODMzMjoxNTEzNzA2MjE4Nzg2MTE4/?lst=1152850786%3A100004402628332%3A1587316070

My Innovation

AnV-Stat (A Homeostasis Formula based Gauze for First-Aid-Kit)

Vision & Mission: • Innovation to enhance the quality of health care in the emergency

condition and reduce further risk and fatality.

Innovative Features: • Herbal Formulation in the form of Medicated Gauze • Arrests bleeding in less than 60 seconds. • Gauze with anti-microbial and anti-inflammatory properties. • Easy to use, carry, and affordable. • Suitable for emergency use in form of First-Aid *Other Innovations in Basket: Topical Spray; Dusting powder

Beginning of My Entrepreneurial Journey

16th June 2019: A Call from My Guide - it’s Bed time… …… Dear Vandana ………..You There………… Listen........Our institute want You to participate in the National PoC Contest 2019…….

A dream ??? Blank Mind…..!!! Some Body has Trust on You

But Still Skeptical and Asked Myself, Why me when there are many !!!

Lesson Learned: A dreamer Always Restless to Find Some Solution to any Kind of Problem it See on its Way…………………… So Am I? Yes I Am. Guide or Mentors Noticed that on us … Some time we suffer with self ignorance …. Does it Mean I need Wake Up Call .. Always or at the beginning only… Of course at the Beginning Only Do I Posses any Skill set and Creative Tendency to Devise Innovative Solution……………. I Sincerely Believe on it and of course Self Motivation and conviction is Must

What We Know About Female As Innovator and Entrepreneurship – A quest

Why majority of women entrepreneurs are from metropolitan cities and not from Semi urban and rural areas ??

Why women constitute around 14% of the total entrepreneur base in India?

My Entrepreneurial Journey

“Women today have

stepped out of their

comfort zone and are

breaking barriers all around the

world.”

My Entrepreneurial Journey

My PoC got nominated for the National PoC Content 2019 of Institution’s Innovation Council (IICs) program of MHRD’s Innovation Cell and AICTE

Ideation, Validation, Prototyping, Mentoring

& Skilling

Recognition, Reward, Exposure and

Mentoring

Funding, Investment, Incubation and

Mentoring

My Entrepreneurial Journey

Ideation Stage- AnV-Stat

Exploring Traditional Remedies in Healthcare under Student Startup Innovation Policy (SSIP) and AIC-LMCP Foundation (ALF).

My Entrepreneurial Journey: Creating Ground to Takeoff

Regional Mentoring Session for Proof of Concept of IIC- MHRD’s Innovation Cell Held on 9th August 2019 at EDII, Ahmedabad

Ideation, Validation,

Prototyping, Mentoring &

Skilling

My Entrepreneurial Journey: Got Wings to Fly and Ready to Fly

Participated in Boot camp and Exhibition: Selected as Finalist and Innovation got placed among top 5 and received recognition from the hand of Hon’ble minster of HRD on “11th September 2019” on

the occasion of National Innovation Festival Celebration of MHRD’s Innovation Cell

Recognition, Reward,

Exposure and Mentoring

My Entrepreneurial Journey: International Market Exposure

Canada India Acceleration Program (CIAP) 2020: MHRD’s Innovation Cell and AICTE Program Sent us to Carleton University, Ottawa to Receive Advance Training and Exposure to Canadian Market

and to Explore Market Opportunity for My Innovation

Recognition, Reward,

Exposure and Mentoring

My Entrepreneurial Journey: Opportunity Realization and Setting up Enterprise

Received Seed Funding from AICTE and MHRD’s Innovation Cell to Refine Innovation and Setting up Enterprise at AIC-LMCP Incubation Unit, L M Pharmacy College, Ahmedabad

Funding, Investment,

Incubation and Mentoring

Phases of startup

Ideation stage

Proof of Concept

(POC) Prototype

Product

My Learnings and Your Take Home Points

Essential elements of

Startups

Business Model Canvas Uncommon out of Common Self Motivated

My Learnings and Your Take Home Points

“Prototype and a good pitch opens a way to raise funding from an Investors”

Customers

Competitor Analysis

Market size

Market Research

My Learnings and Your Take Home Points

TRL 0 : Idea. Unproven concept, no testing has been performed.

TRL 1 : Basic research. Principles postulated observed but no experimental proof available.

TRL 2 : Technology formulation. Concept and application have been formulated.

TRL 3 : Applied research. First laboratory tests completed; proof of concept.

TRL 4 : Small scale prototype built in a laboratory environment (“ugly” prototype).

TRL 5 : Large scale prototype tested in intended environment.

TRL 6 : Prototype system tested in intended environment close to expected performance.

TRL 7 : Demonstration system operating in operational environment at pre-commercial scale.

TRL 8 : First of a kind commercial system. Manufacturing issues solved.

TRL 9 : Full commercial application, technology available for consumers.

Technology Readiness Level (TRL)

My Learnings and Your Take Home Points

Great Things in Business are Never Done by One Person. They’re Done by A Team.

“Teamwork Makes the Dream Work”

Its All About Your Idea….!!!

Lessons Learned and Achievements in 1 year

Mr. Amit Sanjay Lokhande

eSession Title

Learning Objectives

Expert Name

IIC- Innovation AmbassadorInnovator Cum Entrepreneur, India-South Korea Start-up Exchange Program 2020

Institute of Chemical Technology, MumbaiEmail: aslokhande29@gmail.com

MIC-IIC Webinar on IIC Calendar Activity, April 23, 2020, at 3.30pm

The Aptitude for EntrepreneurshipShould be Cultivated Right fromBeginning and in the UniversityEnvironment.We must Teach Our Students toTake Calculated Risks for the Sakeof Larger Gain, but within theEthos of Good Business

Envision for Better Tomorrow…

Dr. A. P. J. Abdul Kalam

Student Entrepreneurship…

Ease in accessing Diverse Skills

Abundant Funding at their Expose

Experienced Mentors like Teachers & Alumni

Better Alternatives in Case of Failed

Start-ups

Stimulating and Resourceful Environment

from Campus

Exposure to the layoffs of

the Ecosystem

Doesn’t have to bother about paying family’s

expenses

1

3

5

2

4

6 7

Student Entrepreneurship…

Start-up World

Curiosity

Doubts

• Do or Not to Do?• What can be the

possibility?• Where is the

Market?• Do I have enough

investment?• Will it be a Great

Venture?

• How to innovate?• How to make Viable

product?• How to reach target

Customers?• How to Proceed?• How to generate funds?

• Status of Your Final Scalable product?

• Is your Business or Revenue Model Ready?

• Sales Projection for next few years?

• Do you have enough funding/ resources/ investments?

Need to Understand Basic…

“Everyone can Ideate, but Not every idea is Innovative for Market”

Start Requires Efforts + Strategy

Sustaining in the market demands even more….

Need to Understand Basic

• Competitors• Regulators• Customer Compliance• Improve Sale • Change in Market Strategy

• USP of your Product/Service• Market Research• Product Design, Validation• Scale up• Marketing and Selling

Idea Stage

Prototype Stage

Product Stage

How to Take it Ahead?

Working on Idea and making it into

possible viable product

8

Its all about Adventurous

Journey

What Student Entrepreneurs Need?

Students Need it More…..Incubation

Angel investors

Funding Options for Entrepreneurs

You should do your homework well before starting this journey, If you fail to do so, you will face

obstacles accordingly.

PREG-Ѷ-DET Kit

Deep Red Color Indicates

Pregnant

Any Other Color Indicates

Non-Pregnant

OUR SOLUTION “PREG-Ѷ-DET”

12

“PREG-Ѷ-DET” is a urine-based-simple, rapidand Early-pregnancy-detection-kit in Cattle(Cows & Buffaloes).

Presentation and Winning MIC POC Contest

At the hands of Hon'ble MHRD minister of India Shri Ramesh Pokhriyal ji(Nishank), Hon'ble Minister of State HRD Shri. Sanjay Shamrao Dhotre ji andother Hon'ble dignitaries of AICTE and MHRD at Innovation Festival of MIC

Preg-V-Det Awarded at National Level

Preg-V-Det Exhibition and Interaction

AICTE & MHRD’s Innovation Cell provided usthe great platform and Valuable learningsduring regional mentoring and NationalBootcamp

Lessons Learned

Mentoring & Training

Product Design and Compliance

Fund raising and Investments

Ideation to Product Development

Business Canvas ModelMaking

Pitch Presentation & Delivery

Market and Sustainability

IP Generation and its management

• Do Your Homework well• Realize the product need• Try to make very elegant, user-

friendly prototype• Look at Simplifying the Problems• Build an open environment and get

the maximum of all the people you cooperate with.

• Try to build strong team & realize your team strength

• Define clear objectives and Deliverables

• Make your effective pitch ready

• Hypothetical• Poor Market research• Poor Ugly prototype• Looking at bigger fancy glamorous

aspects, which might not required at start

• Don’t fall in love with your idea and protect it

• Not realizing the strength of your team members

• Superficial and over claim• General presentation

Do’s and Don'ts

Do’s Don’ts

Selection for India-South Korea Start-up Exchange Program

Presentation and Exhibition in Global Innovator Festa

9th Global Commercialization Workshop

• The main agenda of GCC is to highlight Technology transfer and commercialization to establish economic development with industry and to accelerate the national competitiveness.

• In this I have learnt if we have to commercialize technology globally, there is a demand of strategic ways of access to profound intellectual resources.

South Korean Start-up Ecosystem

Electronics and Telecommunications Research Institute (ETRI) Daejeon

Keimyung University (KMU)

5th Global Innovator Festa Participation

Judges from all over the world

Big platform to promote your product innovationOur Product mention in GIF

5th Global Innovator Festa Participation

Glimpses of my Presentation, Exhibition and Interaction

We received International Collaborators through this

initiative

CCEI Daegu and their Start-up Ecosystem

Pitching Sessions

• Communication• Present with a Purpose• Craft a convincing pitch• Visual Design• Power of the Voice• Secrets of the body

language• Dress to kill

• Pitch• Convince your Audience• Bolden your brand• Perform a Killer IR Pitch• SMART Presentation• Learning to Lead: Self

leadership

Learnings from Global Communication Expert and Coach for Investor pitch

Personal communication Presentation, Pitch & speech

Completion of India-Korea Start-up Exchange Program

My India-South Korea Startup Exchange Program & Glimpses of its Certification

Journey After News, Media, Radio interviews &

Nominated Innovation Ambassador

Our Product on Field Trials

Conducting On field trials of my product and its validation

Our Team at ICT, My Mentor Prof. Padma V. Devarajan & Senior Vet clinician Dr. Abdul Samad

Conducting Trials in big Dairy farms under the experts

THANK YOUMHRD’s Innovation Cell and AICTE India

for giving us the opportunity to be part of National Boot-camp & mentoring session.

International support to participate in GIF 2019 & India-Korea Start-up Exchange Program

Thank You CCEI Daegu, South Korea for their Support in South Korea