Bio-entrepreneurship program will focus on product development and go to market strategies. This program will run for 9 weeks and during this period students/individual/team will start from ideation to the product/prototype development and market research with a proper business plan. At the end of 9 weeks, winners will be declared on the basis of their performances and milestones achieved.
In the two months of time, the teams will be exposed to various mentors from technology, business and design verticals, also they will be taught how to do market research and make business plan. The teams will be given a specified budget and basic materials. If they need anything else depending on their product/ project design, they must bear the expense.
Highly motivated Teams / individuals can apply Startup who already have a Proof of Concept / Prototype / Demo can apply to this program.
INR. 1000 per team (Maximum 4 members per team)
Launch, Ideation with technical details
First selection will be here, the teams will be selected on the basis of their idea, design and technical implementation details. The results will be announced on Saturday of the current week.
Mentors will meet them on Monday and evaluation will be done on saturday
Teams will start developing their product/prototype and evaluation will be done on Saturday by mentors
Teams will work on their product/prototype entire week and on Friday, core industry experts will come and interact with the teams to give their valuable feedback on the product. Saturday: Evaluation
Teams will be working on the product and mentors will interact with them again mostly on friday. Saturday: Evaluation
This week will be the end week of developing product/prototype. Teams can start testing their product from this week. Saturday: Evaluation
Prototype/Product testing and modification
During this week, teams need to complete testing prototype/product and can modify their product as per the need. On next Monday second selection will be done on the basis of their performances and milestones achieved.
Data collection and market research
The selected teams will move into this round. On tuesday, our market/business experts will teach and guide all the teams on “how to do market research and how to make business plan” for their prototype/product.
Final business plan and pitch preparation
Teams will work on their business plan, final presentation and documentation of their product. Final presentation will be done on next Monday and winners will be announced by the judges.
Cash Prize for the winner and seed funding for the further development of their product through Refine program
Certificate of Participation
The development of enterprise skills
Cultivating business acumen
Thinking creatively to produce innovative solutions to major challenges
Opportunity to win cash prize
Collaborate with peers and industry experts using a range of networking skills
Discover how to communicate research with impact to diverse audiences
Gain project management skills in the context of business planning
Learn about ethical, legal and health and safety aspects
Understand how funding is sourced and managed
Support for further development and modification(if required) in their product and help in accelerating the same