Q: What process would be followed for verifying the age of each team member?
Ans: If you are selected for the second stage of i2I, the Pitch round, you need to produce an age proof attested by a gazetted officer at the venue of the pitch stage.
Friday, December 7, 2007
Thursday, December 6, 2007
Prof Arya Kumar
Profile:
Prof Arya Kumar did his PhD from Birla Institute of Technology & Science, Pilani in the year 1982 in the area of Financial Management of Higher Education in India. He has a diversified experience for more than 29 years of serving in educational institutions, research organizations, banks and financial institutions. He was associated with Project Lending, Investment Banking, Reconstruction of Sick Units and all other aspects of managing a zone in his last assignment in IIBI - an All India Financial Institution as Chief General Manager and Zonal Head at New Delhi. He has served as Director on the Board of number of companies dealing in the area of telecommunication, metal, resins, sugar, aluminum casting, cable manufacturing etc. Earlier he was involved in strategic planning, research in banking in Canara Bank and designing, developing and conducting various training programmes for middle and senior level officers at an apex college of Indian Bank in the area of Project Finance, Management Development, Merchant Banking, HRD, Credit Appraisal etc. He was Guest Faculty with number with leading management institutions and colleges of various Banks. He has participated in number of training programmes conducted by National Institute of Bank Management, Management Development Institute, International Management Institute etc.and has undergone training in the area of entrepreneurship conducted by STVP, Stanford organised by National Entrepreneurship Network.He is presently Group Leader of Economics & Finance Group, BITS, Pilani. He is a Faculty Coordinator for the activities of Center for Entrepreneurial Leadership at BITS, Pilani. His basic interests lie in Entrepreneurship, Strategic Management, Values in Management and Financial Management. He has contributed many research articles in National Journals and Economic Dailies. He is a member of the National Entrepreneurship Network (NEN) India Faculty Advisory Board.
Expectations from entries:
Executive Summary of the BP covering key aspects of innovative idea, workability, basis for it being an opportunity, future market potential, financial plan gist and above all TEAM backing it.
Prof Arya Kumar did his PhD from Birla Institute of Technology & Science, Pilani in the year 1982 in the area of Financial Management of Higher Education in India. He has a diversified experience for more than 29 years of serving in educational institutions, research organizations, banks and financial institutions. He was associated with Project Lending, Investment Banking, Reconstruction of Sick Units and all other aspects of managing a zone in his last assignment in IIBI - an All India Financial Institution as Chief General Manager and Zonal Head at New Delhi. He has served as Director on the Board of number of companies dealing in the area of telecommunication, metal, resins, sugar, aluminum casting, cable manufacturing etc. Earlier he was involved in strategic planning, research in banking in Canara Bank and designing, developing and conducting various training programmes for middle and senior level officers at an apex college of Indian Bank in the area of Project Finance, Management Development, Merchant Banking, HRD, Credit Appraisal etc. He was Guest Faculty with number with leading management institutions and colleges of various Banks. He has participated in number of training programmes conducted by National Institute of Bank Management, Management Development Institute, International Management Institute etc.and has undergone training in the area of entrepreneurship conducted by STVP, Stanford organised by National Entrepreneurship Network.He is presently Group Leader of Economics & Finance Group, BITS, Pilani. He is a Faculty Coordinator for the activities of Center for Entrepreneurial Leadership at BITS, Pilani. His basic interests lie in Entrepreneurship, Strategic Management, Values in Management and Financial Management. He has contributed many research articles in National Journals and Economic Dailies. He is a member of the National Entrepreneurship Network (NEN) India Faculty Advisory Board.
Expectations from entries:
Executive Summary of the BP covering key aspects of innovative idea, workability, basis for it being an opportunity, future market potential, financial plan gist and above all TEAM backing it.
Prof MS Rao
Profile:
Prof M Suresh Rao is the Professor for Entrepreneurship and Chairperson, Center for Entrepreneurship at SPJIMR. He is the Co-ordinator of the pioneering 'Start Your Business Program' for budding entrepreneurs who also have access to the incubation facility at the Center. Prof Rao, an alumnus of IIM A, has wide industry exposure to marketing turnarounds and growing new ventures in different industries. He is a resource person for mentoring start up entrepreneurs, for guest lectures on entrepreneurship and for evaluating/jurying national level Business Plan competitions.
Expectations from entries:
The team must also indicate how much funding they need for what outcomes..
Prof M Suresh Rao is the Professor for Entrepreneurship and Chairperson, Center for Entrepreneurship at SPJIMR. He is the Co-ordinator of the pioneering 'Start Your Business Program' for budding entrepreneurs who also have access to the incubation facility at the Center. Prof Rao, an alumnus of IIM A, has wide industry exposure to marketing turnarounds and growing new ventures in different industries. He is a resource person for mentoring start up entrepreneurs, for guest lectures on entrepreneurship and for evaluating/jurying national level Business Plan competitions.
Expectations from entries:
The team must also indicate how much funding they need for what outcomes..
Radha Iyer
Profile:
Radha Iyer is qualified as a Masters in Administration Management from Jamnalal Bajaj Institute of Management Studies; prior to this she has a Bachelor of Arts and a Diploma in Hotel Management and Catering Technology. She is now pursuing a PhD from SNDT University in Employee training and Development for Non-profit organizations. She is a recognized management teacher by both, Mumbai University and All India Management Association. She has eleven years of industry experience having worked with Indian Hotels Company Limited, (The Taj group of Hotels), Marico Industries and The Great Eastern Shipping Company Limited. For the past eleven years she has been an academician, facilitating courses on Human Resources Management, Organization Behavior, Training and Development and Entrepreneurship Management. She has been an assessor for development centers conducted for the hotels and travel organizations. She has also been involved with training for the Income tax department, Chartered Accountants and young engineers. Her industry interaction includes a project on Attrition/Labour turnover in the private insurance industry. Her other interests include, facilitating Social projects and the entrepreneurship cell on campus. In the past she has been involved as faculty placement coordinator. She is the recipient of the Vijay Mallya National Entrepreneurship Network fellowship for Entrepreneurship education in 2007.
Expectations from entries:
Expectations from the entries would include, the idea, market attractiveness, competitor analysis, entry and growth strategy, how the business model is, team, profitability, is it worth the investment, presentation and the quality of work done.
Radha Iyer is qualified as a Masters in Administration Management from Jamnalal Bajaj Institute of Management Studies; prior to this she has a Bachelor of Arts and a Diploma in Hotel Management and Catering Technology. She is now pursuing a PhD from SNDT University in Employee training and Development for Non-profit organizations. She is a recognized management teacher by both, Mumbai University and All India Management Association. She has eleven years of industry experience having worked with Indian Hotels Company Limited, (The Taj group of Hotels), Marico Industries and The Great Eastern Shipping Company Limited. For the past eleven years she has been an academician, facilitating courses on Human Resources Management, Organization Behavior, Training and Development and Entrepreneurship Management. She has been an assessor for development centers conducted for the hotels and travel organizations. She has also been involved with training for the Income tax department, Chartered Accountants and young engineers. Her industry interaction includes a project on Attrition/Labour turnover in the private insurance industry. Her other interests include, facilitating Social projects and the entrepreneurship cell on campus. In the past she has been involved as faculty placement coordinator. She is the recipient of the Vijay Mallya National Entrepreneurship Network fellowship for Entrepreneurship education in 2007.
Expectations from entries:
Expectations from the entries would include, the idea, market attractiveness, competitor analysis, entry and growth strategy, how the business model is, team, profitability, is it worth the investment, presentation and the quality of work done.
Rajeev Roy
RAJEEV ROY
PGDM (IIM, A) PhD (Utkal) (awaiting grant)
Profile:
After a brief stint in a multinational consulting firm, he started his own aquaculture business in 1997. Later he forward integrated into export of shrimps and exotic fishes. He stopped the business in 2001 and started a BPO which was into web and voice enabled CRM. He sold the firm in 2005 and started teaching entrepreneurship at XIMB. He is currently the coordinator for the centre for entrepreneurship at XIMB.
He also teaches entrepreneurship at the Sellinger Business School at Baltimore, USA, as visiting faculty. He is also advisor to the state governments of Orissa and Chattisgarh vis a vis their policy for attracting entrepreneurs. He is also involved in conducting entrepreneurship development programs in Chile and Canada. He has written a book on entrepreneurship which will be released by a major publisher in a few months time.
Expectations from entries:
While having a look at the executive summary, I will place a lot of weightage on the quality of the idea.
PGDM (IIM, A) PhD (Utkal) (awaiting grant)
Profile:
After a brief stint in a multinational consulting firm, he started his own aquaculture business in 1997. Later he forward integrated into export of shrimps and exotic fishes. He stopped the business in 2001 and started a BPO which was into web and voice enabled CRM. He sold the firm in 2005 and started teaching entrepreneurship at XIMB. He is currently the coordinator for the centre for entrepreneurship at XIMB.
He also teaches entrepreneurship at the Sellinger Business School at Baltimore, USA, as visiting faculty. He is also advisor to the state governments of Orissa and Chattisgarh vis a vis their policy for attracting entrepreneurs. He is also involved in conducting entrepreneurship development programs in Chile and Canada. He has written a book on entrepreneurship which will be released by a major publisher in a few months time.
Expectations from entries:
While having a look at the executive summary, I will place a lot of weightage on the quality of the idea.
Tuesday, December 4, 2007
FAQ
Q: Please let me know if we can also submit a plan which shall be implemented through a not-for-profit organization.
Ans: Every venture must make profits, though modest, to sustain itself in the long run. Profits does not mean that they have to go to the equity holders, the profits can be re-routed into the firm's activities. Therefore if your plan makes profits but uses them in the activities of the firm, then it will be accepted. A not-for- profit organization per-se is not allowed within the purview of I2i.
Q: Do we have to use the prize money of INR 1 crore for developing a financial plan for starting a business?
Ans: The prize money of 1 crore is in the form of seed funding and will be used to implement the plan. It would be better if you already had a financial plan for the startup, not only for the venture capitalist but also from the competition point of view. The judges may ask you to give your financial plan in case you get/ not get the prize money.
Ans: Every venture must make profits, though modest, to sustain itself in the long run. Profits does not mean that they have to go to the equity holders, the profits can be re-routed into the firm's activities. Therefore if your plan makes profits but uses them in the activities of the firm, then it will be accepted. A not-for- profit organization per-se is not allowed within the purview of I2i.
Q: Do we have to use the prize money of INR 1 crore for developing a financial plan for starting a business?
Ans: The prize money of 1 crore is in the form of seed funding and will be used to implement the plan. It would be better if you already had a financial plan for the startup, not only for the venture capitalist but also from the competition point of view. The judges may ask you to give your financial plan in case you get/ not get the prize money.
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