Navonmesh Startup

8/14/2019 Navonmesh Startup

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Navonmesh: The Entrepreneurship Convention

TePP&Technopreneur Promotion Programme

Presents

Start-up Summary

AVENUES 2009


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Navonmesh 2009: A brief on startups Page 2

About Navonmesh

Greetings from Team Navonmesh!

Navonmesh, the entrepreneurial convention, aims to breathe in a new life to the spirit of

innovation and enterprise in the country. This event will be a part of Avenues 2009, the annual

business festival of IIT Bombay, conducted by the Shailesh J. Mehta School of Management, IIT

Bombay.

At Navonmesh, our objective is to offer a helping hand to start-ups and sensitize the modern

business school fraternity about the potential and power of their enterprise. We have chosen 6

start-ups and we invite b-schoolers to prepare business plans around those start-ups. Four of

these start-ups are supported by TePP, Technopreneur Promotion Programme of the Department

of Science and Technology, Government of India. The primary objective of the Business Plans

should be to help the start-ups go to the next level.

The business plans should be feasible and should consider the status quo of the start-up and look

at the financial feasibility of the Business Plans. The process of selection involves 2 rounds of

filtration and one business plan per start-up will be selected for the final event. Feedback for the

contestants will help to improve upon their entries at each round of short listing.

The teams with the best Business Plans will be invited to IIT Bombay to present it before an

esteemed panel of Judges, Start-Up owners and Venture capitalists.

Best Regards,Team Navonmesh

Ajit U. R.

Mobile +91 99 3083 4096

Email: [email protected]

Amit Goel

Mobile +91 98 2015 5360


Sidharth Mehta

Mobile +91 98 3315 5442



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Technopreneur Promotion Programme (TePP) is Indias largest network program supporting

Independent Innovators. The network with its 30 outreach Centers spread across the country

provides grants, technical guidance and mentoring support to independent innovators. The

purpose of this support is to enable innovators emerge as entrepreneurs by incubating their ideas

and enterprise.Since the time of its inception, 250 innovations have been supported under

TePP.It is positioned as a pre-seed fund for start-ups.

TePP developed a unique framework in a network mode and contribution by various players as

illustrated by deal flow. Cumulatively, TePP accessed around 7500 ideas, evaluated 1650

proposals and supported 240 innovations. TePP pioneered network movement to make the

support accessible for all eligible innovators and to add value in screening and monitoring.

Modern communication tools are used to get all the stakeholders involved, chief among them are

TePP blog and the LinkedIn Group Friends of Indian Innovators.

We are proud to have TePP as Partner for Navonmesh.

Website: www.dsir.gov.in/tpdup/tepp/tepp.htm


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Timelines

Call for Registration 3 September 2009

Deadline for Executive Summary 14 September 200923:59:59 Indian Standard Time

Shortlist declared 23 September 2009

Deadline for Final B-Plan Entries 15 October 2009

23:59:59 Indian Standard TimeFinal Shortlists declared 25 October 2009

Navonmesh Final Event 1 November 2009

General Rules

A team can have a maximum of 3 members, all of whom should belong to the same institute. Any number of teams from an institute can register for the event. One student cannot be part of more than one team. Once the Start-Up is allotted, no requests for change of start-up would be entertained . Teams are requested to specify their top 3 startup preferences in the below format.Team Name, College Name Startup Rank Startup Name

First

Second

Third

Each team must submit only one entry. Send in your entries to the email id [email protected] , keep the subject as

__

Exchange Students can also participate. The exchange students however need to be presentduring the final presentations.

No change in the team structure is allowed after the team is registered.


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A brief on Startups

Parking Safe

Parking safe is a start up commercializing a patented, completely automated parking system.

This system combines parking tools, simplicity of use and time saving features, into a brand

new solution which aims to save customers time, space and money. The start up plans to

target governments to implement this solution on a PPP basis. It also intends to target

construction companies, owners of shopping malls, etc and offers its customers a number

of features including 24/7 support. A total of 40 installation sites and a turnover of

INR 7,00,000,000 p.a. is projected over the next five years.

GYATK RVCR Apparatus Private Limited

Gyatk was established in 2005 to commercialize the revolutionary invention titled

Apparatus adopted to perform as a compressor, pump, motor and an internal combustion

engine. This is a Rotary variable compression ratio engine" which is more fuel efficient and

has a smaller carbon footprint than a traditional IC engine. Expected to disrupt the current

market, this product has many advantages for early adopters with target customersincluding auto manufacturers, engine manufacturers, etc. A projected revenue of 3500-4000

crores worth of sales worldwide makes this start up a very exciting prospect.

Glo TechOrganics

Glo Tech Org is a start up engaged in developing and commercializing agro based, value

added products with unique technologies. Its organic products are eco friendly, conserve soil

and water, boost plant productivity and are suitable for all crops. Targeting farmers,

individual consumers of the farming community and manufacturers of organic

products/fertilizers, this start up has big plans for the future with a projected turnover of 140

lakh by 2011-2012.


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A brief on Startups (continued)

P2power Solutions

P2Power solutions is a startup operating in the domain of power quality enhancement and

aims at reducing the operating costs of its customers by improving power quality through

the use of innovative technology which comes at very competitive prices. Its I-Con Power

Revolution series is a ground breaking active current conditioner, customizable as per userrequirements and combining all the power quality enhancing features of its other products.

With projected sales of 778.1 lakhs and an expected net profit of 95.7 lakhs for its 5th year

of operation

Grassroutes

Grassroutes is an exciting social endeavour to showcase to tourists the very heartland of

India- its villages- though the means of community managed rural tourism. On trial in two

villages in Maharashtra, this model has been very successful in training villagers in hospitality

and in building community owned places for tourists to stay, so that urban tourists can have

that authentic village experience. This endeavour hopes to build a complete network of

such villages throughout India, empowering the rural population and boosting the local

economy in a responsible, sustainable way. It has a projected turnover of INR 1,35,82,080 by

2012 .

Tempostand.com

TempoStand.com, a music portal where one can create, share and remix music is a

platform that promotes independent bands and solo artists. TempoStand, even in its nascent

state has been attracting a lot of attention, primarily because of its promising business

model and its initiative to hunt for exclusive music. Tempostand.com has one of India's

biggest collection of original underground music and have artists from across genres and

regions. The current revenue model is based on the sale of music, promotional campaigns

for bands, individual musicians, musical merchandise and contextual advertisements on the

website. The team plans to offer music streaming on the mobile as well. TempoStand had

bagged the best student team award at the International business plan competition

Eureka!2006 at IIT, Mumbai

Navonmesh Startup

Documents

Transcript of Navonmesh Startup