October 20, 2008
Concipio: Business Ideas competition
Concipio, the Business Ideas competition organized annually by IIT Kharagpur has come a long way in its endeavor to transform great ideas into successful start-ups. The past years have witnessed start-ups like P2 Power Solutions (P) Ltd. and Intinno Technologies Pvt. Ltd. leave a strong impression in the field of entrepreneurship. This Year, Concipio’08 was launched with an aim to continue the competition’s successful run on a much larger scale. The year 2008 has witnessed as many as 43 submissions in the competition. There has also been participation from the alumni and professors
of IIT Kharagpur.
The first round of the competition involved ideation, with the participants submitting the executive summaries of their ideas. The results of the first round submission were declared on October 1, 2008. 11 teams have made the cut for the final round.
The selected entries are undergoing a mentoring process under the professors of the institute, venture capitalists and distinguished personalities from the business institutions and corporate world. The number of submissions has increased, but the overall quality of submissions still requires some improvement if having more than one start-up a year is what this competition aims at. One of the mentors of the competition has sent the following message across to the students: “The quality of ideas is amazing, but the candidates need to get acquainted with the various facets of business
models. I sincerely believe that major steps need to be taken round the year for students to get acquainted with the entrepreneurship process. Various facets of startups need to be evangelized to the students so that they are better aware and prepared.”
This year, E-Cell organized two workshops specifically for Concipio participants: one by Concipio’ 07 winners, Team Intinno and Concipio’05 winner, Mr. Shwetank Jain ( CEO of the P2 Power Solutions (P) Ltd. ) and another on Business Plan writing by the associate members of the Entrepreneurship
Cell. E-Cell is also planning to develop a concrete program devoted to the development of the elements of entrepreneurship so as to help the participants give a refining touch to their business ideas. The final round judging of Concipio’08 will take place on November 13, 2008.The winners get an opportunity to opt for Technology Incubation and Entrepreneurship Training Society (TIETS) funding up to I.N.R 15 Lakhs.
October 18, 2008
October 14, 2008
Entrepreneurship Cell
Its been 3 years and we thought we should take this moment to show of our portfolio
So, without further ado
Presenting
PORTFOLIO of IIT Kharagpur
COMPANIES formed under TIETS Funding
Minekey Minekey’s current product is a recommendations widget makes use of advanced online discovery technology to personalize content for each user, based on what they’ve read before what what’s most relevant to them. Minekey was showcased at the Always on Stanford Summit 2007, as one of the top 50 participants at the Stanford University campus. Minekey was also showcased as one of the top 25 start-ups in Asia at proto.in. Minekey has closed a $ 3 Million Series a Round of financing with NEA IndoUS Ventures.
Ants Ceramics Pvt. Ltd. Ants Ceramics develops unique ceramic processes to create abrasion resistant components Novel shaping technologies in advanced ceramics catering to Industrial and defense related high temperature and abrasion resistant applications Team of IIT engineers guided by IIT and IIM Ahmedabad Professors, supported by reputed industrial and business consultants from ceramic industries in India and Abroad. Vision- Ants Ceramics aims offer products of uncompromising quality and become a Global Player in the area of advanced ceramics by constantly evolving technologies and products through market driven research. For this financial year the projected turnover of ANTS is Rs. 30 Lakhs and target till October end another 8 Lakhs. The products portfolio will include DT/TGA crucibles, Nozzles, Lab- Ware, Jewelry Crucibles, Pressed Components and Investment Casting Ceramic Cores.
Azure Software Pvt. Ltd The prime objective of Azure Software Pvt. Ltd is to manufacture multi-factor medical measurement instruments, capable of (a) measuring multiple medical signals in one unit, (b) storing the information for future use and (c) transmitting the data over an appropriate transmission medium (computer, internet or cell phones) as and when required, while being (d) low cost. This report outlines the progress made by Azure Software during the period April, 2007 to September, 2007 (6 months) for development of the product HeartThrob under the incubation program in TIETS, IIT Kharagpur. The technical improvement is going on.
P2Power Solutions Pvt. Ltd P2Power incorporates Statcom based technology for power quality in Industrial scenarios. Power quality enhancement, superior technology at cheaper rate, latest technology of FACTS (Flexible AC Transmission Systems) The first major breakthrough is an order for installation of three units of P2-STAT of 100 kVA each at the printing presses of Dainik Jagaran, the most renowned Hindi newspaper of India. In 2006 they got incubated under TIETS, IIT Kharagpur for the proper growth of the startup. After getting incubated they were given the necessary seed loan from IIT to develop the prototypes of the technology and install them commercially. In 2007 they got our first major breakthrough with Dainik Jagran as our client. The company successfully installed their first here prototypes at Dainik Jagran site. After successful commercialization of the technology they got further orders from IIT Kharagpur, Vidya Prakashan etc. The company has crossed sales orders worth 60 lakhs in a period of 4 months.
Data Resolve Technologies Pvt. Ltd. The Company has a product based on advanced data leakage prevention and detection technologies to stop Data Leakage in a corporate network. Being the only company having this technology in our country, it is expecting to capture a market estimated at 11 Billion USD for 2008-09. The company was founded by five IIT, Kharagpur graduates and is currently based at IIT, Kharagpur. Company has already been incubated by IIT, Kharagpur. In order to scale up its operation and R & D the company is looking after first round of investment. This will help the company meet its expected sales target of around 9 crores by 2010 and at the same time solve the problem of cyber crime, data thefts and information assurance in the country and abroad.
iViZ Techno Solutions Pvt. Ltd. Penetration testing based internet Security Company, funded by Singapore and Canadian venture partners for $2 Million. The total sales in current quarter is 0.5 Crore. The company has been selected among Top 2 Security Startups in Asia and Top 6 in the world by London Business School, Homeland Security and Pentagon. Also it has been selected among world’s top 8 innovative startups by Intel and UC Berkeley.
Entice Pvt. Ltd. They worked out the marketing and technical possibilities of the proposed software but, it was felt personally that it wouldn’t be a very promising one. They have decided to hold the project for the time being.
Accuflex Biolab This company is based for setting up of the recombinant antibody based immunodiagnostic research and development. The prototype is based on the diagnostic tests on the emerging infectious diseases that keep pace with the rate of evolution and their timely detection.
Aero-Xtremes The company is based on Reconfigurable Autonomous Air vehicles. Prototype contains the autonomous reconfigurable air vehicle which can autonomously navigate a given terrain once fed with commands and is able to reconfigure the control in the case of failures to make it fly safe to complete the mission or return back home safely. The product boasts of being unique in reconfiguration feature in the world which will make it less accident prone which till now hinders their wide acceptance.
Intinno Technologies Pvt. Ltd. The firm is committed to Hi-tech Research and Development in Education/Learning technologies, web2.0, Data Mining, Information Retrieval and software development; the first three fields being latest. The company also has a long-term initiative to improve the quality of education through its endeavor. The company is currently providing an collaborative E-Learning Platform to its clients (Educational Service Providers like Universities, colleges, schools, distance learning programs) as a web service. This helps its clients to effectively perform knowledge dissemination and reach the benefactors of clients’ service i.e. the student, in an efficient manner. It also helps the students maximize the use of educational resources in a time and resource efficient manner. Currently, the company’s first client, IIT Kharagpur, has given a very positive response to former’s service (E-learning platform). The company is incubated under TIETS, IIT Kharagpur and has received a seed loan of amount Rs. 10 Lacs.
Powersys Pvt. Ltd. Deployment of the national grid requires software based optimization for efficient performance. Derivative software will also be developed for dynamic power management with respect to grid constants. The company gets approval from TIETS based on the proposal to form a Pvt. Ltd. company on June 22, 2007.
Xaneda Technolgies India Private Limited Xaneda has a big business potential since it addresses a burning problem in a fast growing domain like Analog and Mixed-Signal IC design. At present Analog IC segment is growing at more than 10% per annum compared to the overall Semiconductor industry which is growing at a mere 3.2%. Analog IP market is growing much faster (around 39% p.a.). Moreover, Xaneda’s EDA product will enable a whole new business in Analog Mixed Signal Design Service area in India which is limited till date due to lack of man-power.
Design and Development of Micro-cooler for the Electronic Components The company aims to develop innovative and efficient electronic cooling technology for better thermal management. This Micro-cooler company has been promised a seed loan applicable to their noble innovation from the TIDE centre.
Capillary Technologies
Started by Aneesh Reddy and K.K.Mehra, Capillary Technologies Private Limited is a new venture by alumni of IIT Kharagpur and has operations in the space of mobile value added services for the retail sector.
*P2P and INTINNO were the winners of Concipio. The winner of Concipio 2006, ROBOKIT didn’t opt for funding.
September 27, 2008
Hi
Hi all,
This is the [un]official blog of the Entrepreneur, the newsletter of Entrepreneurship Cell, IIT Kharagpur, India.
All our articles will be available here and, as goes unsaid feedbacks and comments would be appreciated.
So, let the adventure begin.
