Avenues is the Annual Business Fest organized by SJMSOM – the School of Management at IIT Bombay. They have a Business Plan Competition called Navonmesh which works on a unique model of bridging real innovations to a well honed business plan.
The competition lists innovations that have a potential for success but lack a good business plan around them. The innovations were primarily selected from:
Department of Scientific and Industrial Research > Technopreneur Promotion Programme
The first step for the participants was to select an innovation to work from the list given by organizers and make an executive summary around it. We choose to work on “Retractable Auto-Disable Syringes” innovated by a Doctor.
They are basically Single Use Safe Syringes and have a huge potential market in India. The competition is significant but there is scope for big success!
Our Executive Summary (3-pages) made thru the initial screening phase, second only to ISB, Hyderabad. We were then required to come up with a comprehensive Business Plan (24 pages) addressing the specific pain points of the innovator.
Our Team: Chandrama Naha, Viral Thaker and Me
It was amazing to see how each of us adapted and relatively became experts on-the-fly in the domain we started to work on:
- Viral lead the Market & Competition Analysis and Risk Analysis & Mitigation.
- Chandrama did all the Financial Analysis, Operations and Logistics.
- I handled the Business Strategy, Marketing and Strategic Alliances.
It was a lot more fun that I’d ever imagined! With all the discussions, fights, disputes and still sticking together! 😉 😛 And to have moved a step closer towards real-world entrepreneurship.
It wouldn’t have been possible without Viral and Chandrama. Kudos to them! And special thanks to Disha and Aaron for all their support! 🙂
Congratulations to Freshers who participated in
Formula One Tech Competition
It was a dangerous event there were many obstacles blocking the path, an uphill incline and a water pit thru which the car had to pass! They had made a wirelessly controlled F1-car with a very good speed and a torque suitable to climb a 30degree incline uphill! It wasn’t a bullet-proof car but definitely water-proof! 🙂
Unfortunately due to heavy rains on the track the road got slippery! One tyre rubber came off making our driver lose control and bang into the sides! The team struggled hard to keep the car under control and ultimately made it successfully to the finish line! Both the driver and the car are now safe! .. 🙂
And The People:
Congratulations to them for being the only PG teams to have made it to the track and completed it!!
Please join me in congratulating them:
+ KL Srinivas, Mohit Singh, Shashank Gupta and
Jatin Kanjaria (H1)
+ Jagbandhu and team (H9)
Congratulations also to the other PG teams who spent
tremendous efforts in trying to conquer the event: + Siddarth Jain, Mayank Pandey,
Amit Gaur & team (H9)
+ Badri, Bharat and team (H1)! + Husain (H1)
Oh! BTW, we witnessed Hostel 10 participation there as well! 🙂
Photos: on picasaweb
September 7, 2009 at 2:27 pm
“A competition held at IIT Bombay as a part of Tech General Championship recently was to device a mechanical robot “Transformer” that fits in a 1ft x 1ft x 1ft volume and expands to a largest (enclosing) bounding box volume. There were no batteries allowed or any chemicals to be used. Your Transformer must only use stored mechanical potential energy! And to top it, all this had to happen with only single external trigger!” Here is the exact problem statement.
The hostels came up with some really innovative ideas and designs. They used everything from straws to springs to umbrellas to rock!
Top most expansions:
- Hostel #8 went upto 15 meter^3. About 530 times of the original size!
- Hostel #1 went upto 8.6 meter^3. About 330 times the original size. They had a very professional design and called their bot “Graviton”. They won the Best Design Award!
- Hostel #3 and Hostel #10 (ladies hostel) had a tough competition with their bots expanding to ~ 6.5 meter^3 230 times!
Photos and videos:
This was the first time H1 was participating in Tech GC. Nobody knows when was the last attempt. Their bot was impressive and as Sagar says, it casted a scary look on many other bots!