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BUILDING TECHNOLOGY VENTURES

Course Schedule

August 16 to 18, 2012, VIT University, Chennai Campus

Objectives:
Integrate entrepreneurship with engineering education
Successfully commercialize innovations
Build business models that will turn prototypes into products
Write business plans and raise funds for technology based ventures
Capture value from knowledge by protecting Intellectual Property Rights
Building high-impact team for knowledge businesses

Course Overview:
Day 1
Time Theme Session Description
09.00 - 09.30 REGISTRATION AND TEA
09.30 - 10.00 INTRODUCTION
Program and Participant Introduction
Expectation Sharing
Innovator and Entrepreneur - Quiz
10.00 - 11.00
NURTURING
TECHNOLOGY VENTURES
ON CAMPUS
IIT B experience in nurturing Technology Entrepreneurs,
How are technology innovations incubated and turned into
commercial products? Prototyping, Product development,
IP Practices
11.00 - 11.15 TEA
11.15 - 12.15
ENTREPRENEURSHIP AND
ENGINEERING
EDUCATION
Experiential Education for Engineers, IIT Practices in
innovative education, Design Exploration Workshop (DEW)
12.15 - 1.00
IDEATION FOR PROBLEM
SOLVING
Outbound Activity -Problem Solving: How do you assess the
opportunity for products or services that involve new
technologies?
01.00 -02.00 LUNCH
02.00- 03.00
DEBRIEF OF OUTBOUND
ACTIVITY
Debrief on outbound activity; choosing a prototype/idea to
work on
03.00 - 04.00
PRODUCT OPPORTUNITY
GAP
Customer's voice, identifying gaps between existing
products and needs; opportunities for new or improved
products
04.00 04.15 TEA
04.15 04.45
ASSESSING
COMPETITION
Defining industry of operation, key aspects of competition
04.45 05.30
IP FOR
TECHNOPRENEURS
Student IP Best Practices, Protecting IPR: Filing Patents,
Licensing, Technology Transfer
2

05.30 onwards
PATENT SEARCH
PRACTICE SESSION
Understand how to do Patent Search and that it also helps
understand existing IP held in the industry
Day 2
Time Theme Session Description
09.30 10.00 RECAP- DAY1
Defining value proposition - what problem are you solving,
Understanding Customers and recognizing competition
10.00 11.00
ROLE OF TEAMS IN TECH
VENTURES
Importance and nuances of team building in
tech ventures using a simple game
11.00 11.15 TEA
11.15 12.15
ENTREPRENEURSHIP AND
TECHNOLOGICAL
INNOVATION
How do you characterize technologies and innovation? Link
between Innovation and Entrepreneurship
12.15 -01.00
PROTOTYPING TO
PRODUCT DEVELOPMENT
Prototyping to product development; moving beyond
prototype and begin thinking about product and its
features
01.00-02.00 LUNCH
02.00-04.00
COMMERCIALIZING
INNOVATIONS
Importance of a Business Model, Basic elements of a
Business Model: Cost -Value - Price
04.00-04.15 TEA
04.15-05.00
MEET A TECH
ENTREPRENEUR
Practical insights on tech venture creation from a real time
entrepreneur
05.00 onwards
GENERATING A BUSINESS
MODEL
Group work to build/ iterate on prototype and define
business model
Day 3
Time Theme Session Description
09.30 - 10.15
BASICS OF START-UP
FINANCE
Understanding the basic concepts and terms in Financial
management for a start-up
10.15- 11.00 RAISING MONEY
Sources of Financing for tech ventures govt schemes,
angels, banks , VCs, others- initial funding for projects on
campus - IEDC, EDC
11.00- 11.15 TEA
11.15 - 12.00
COMMUNICATING THE
IDEA: BUSINESS PLAN
Tech B Plan Fundas; Elements of a Business Plan
12.00 - 01.00
GROUP WORK -
PREPARING FOR TEAM
PRESENTATIONS
Consolidate learning from all three days; prepare for Team
presentations of Product and Business Mode
01.0 - 02.00 LUNCH
02.00 - 03.30 TEAM PRESENTATIONS Team presentations of Product and Business Model
03.30 - 03.45 TEA
03.45 - 04.30
DESIGNING A TECH
VENTURE COURSE
Designing a Tech Venture Course; link to IEDC activity and
campus company/student ventures
04.30 - 04.45
IMPLEMENTATION &
CERTIFICATION
Implementation on campus and Commitments &
Certification
04.45 - 05.00 FEEDBACK & WRAP UP