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EnClub Entrepreneurship Development Cell

IIT Roorkee
Giving your Ideas an Expression Newsletter

EnClub is an unconference! A novel approach with


an aim to provide a common discussion forum to all
they are given an opportunity to present their
polished ideas in front of Mentors, which include IIT Roorkee
students, that includes beginners as well; where
they can come up with their ideas. We ought not to
successful entrepreneurs who are experts in their
respective fields for their advice and suggestions.
Giving Wings to our Ideas
begin with the Scriptures, but with experiments, This club is open for all and no membership is
There is a new buzz about Entrepreneurship in the shirts .After that success they approached the
and demonstrations. The EnClub sessions apart required, simply because this is your own club. All
campus and the administration has an equally different departments and sections and got their
from discussions and arguments include several one needs to have to become a member is an idea
creditable role to play. t-shirts printed .They have our own marketing team
presentations by the students among themselves in and if you are still searching for it to strike, the zeal
in delhi consisting of students from iitd delhi who
various Open, Theme-based and Expert sessions. to pursue one.
Take the case of Rahul Gupta , whose Apparel have been recruited after rigorous interviews. They
Designing and Manufacturing venture DANPARC is have a number of colleges on their radar and are
The Open sessions involve lots of brainstorming We will meet on 27th September at Open Air
getting incubation under STEP (Science and on course to getting orders from the biggest
and speed-thinking, on various ideas, topics, their Theatre (OAT) at 6:30 pm for our first Open
Technology Entrepreneurship Park), IIT Roorkee. engineering and management colleges in India.
pitfalls and loopholes where as in the Theme based session.
sessions discussions and ideas are restricted to a
For those who are new to the term, incubation is a Start-ups cannot be very successful without the
topic pre-decided by the club-members i.e. the Join enclub@googlegroups.com to keep yourself
process by which a start up is provided with a right kind of environment, says Mr Pankaj Sharma,
students in the previous Open session. All these updated.
myriad of services by an incubator . Nearly all founder , LeadInvent . They need hand-holding
help them tie the loose ends of their ideas. Next
incubators offer help with business basics – such as and support that an incubator can provide.
writing business plans – as well as one-on-one Interaction with outside environment and business
business counseling and mentoring, networking counseling form an important function of an

DPP opportunities, marketing assistance and shared


facilities, equipment, and services such as
reception and high-speed Internet access. Most
incubator. Mr. Sharma worked at IIT Delhi with one
of the Biotech professors on some projects, with
the last one most valuable and innovative in the
Deferred Placement Programme have some mechanism to help their clients fund field of bio-informatics, simulating the interaction
their enterprises, from links to venture capitalists between the affected protein and the medicine
"If you are not 'living on the edge', you are taking It has already been welcomed with immense and angel investors to in-house loan funds proposed. He started a company with some of his
up too much room” enthusiasm. We have received plenty of queries Successful completion of a business incubation colleagues in the project at IIT Delhi's Technology
program increases the likelihood that a start-up Business Incubation Unit (TBIU) only and got the
and interested students have been flocking to us
company will stay in business for a long time. technology transferred to his company in the final
We just make 'the edge' look far better for more about DPP.
stage. After perfecting the algorithms for over an
Incubation is not a new concept , the first incubator year, his software technology is now ready to be
Deferred Placement Program, popularly called We are inviting applications for DPP. The was founded in US in the year 1959. Some of the used. He is now approaching pharma companies
D.P.P. is an initiative of Entrepreneurship candidates are supposed to submit the executive lleading incubation centers in India are NS to get their some of their R&D outsourced to his
Development Cell (EDC), IIT Roorkee. It is a summary of their B-Plan to STEP office latest by Raghavan Center for Entrepreneurship Learning company. Contribution and guidance from the
scheme which gives an oppportunity to the 30th October 2008. Their plan would be judged (NSRCEL) - IIM Bangalore. Technology Business professor on his Board and another faculty has
budding entrepreneurs to defer their placement on the grounds of viability and seriousness. Five Incubator - Birla Institute of Technology, Pilani, been crucial. Though, he had to give very small
for two years candidates would be finally shortlisted to be Cente for Innovation, Incubation and license fee for the technology transferred to his
. enrolled for DPP. Entrepreneurship - IIM Ahmedabad , Nirma Labs company, FITT (Foundation for Innovation and
DPP acts as a cushion for those who want to and E-Cell of IIT Kharagpur and many others. Technology Transfer) signed the deal with larger
start their own venture after graduation, those DPP secures your future without compelling you royalty fee. But, his business is growing leap &
who have the vision of producing jobs and not to compromise your dream. It is a one-of-it's kind The idea of doing something different came to the bounds and recently they got a big contract from
taking one, those who dare to live on the edge. program that offers you freedom and peace of DANPARC team during the end sems in December Ranbaxy.
All candidates selected for DPP can opt out of mind. Where ever you may stand, you'll always 2007. Bored with the normal curriculum, they
placements in their final year and come back to find plenty of roads to take. This for the ones who decided to do something different and that's where Incubation, apart from all the mentioned support,
IIT Roorkee within 2 years of their graduation to have the courage to take the road less travelled. DANPARC struck them. In January, 2008 their also give credibility and brand image to get clients
sit for the campus placements. efforts paid off and they got an order of 1000 sweat in the beginning.
“You'll miss 100% of the shots that you don't
Incredible as it may seem, equally incredible is take". We are on the look out for those who dare
the fact that we are the third college in the nation to shoot.
to implement such a program, after IIT Kharagpur
and IIM Ahmedabad.

Dreams have no limits.... then why dream small?


The Big Debate The Trendsetter
Big Business Vs Small Business Satya Vyas
Often start-ups and especially small businesses problems. So, a so called small business scores at Qualification Chandigarh with my friends and I was trying to find
face competition from already existing large customer service very easily. In other words, small An average student with cgpa 6.7-6.9 , a brilliant something healthy to eat, but to my amazement I
companies in the same domain of market. The businesses can deliver more personalized service cricket player(4 times inter-IIT ) and was a part of didn't find anything, finally this March I was in Goa
competition from larger companies can be quite than big ones. this institution till last year. where I started to put things on paper. After
daunting, perhaps even intimidating or graduation I took up a marketing job in Bangalore;
discouraging. But there are many ways in which Small businesses have a huge advantage over big Why Him? in a startup(commonfloor.com) started by IITR
small business can consistently beat big business, retailers -- they are agile. As a small business He kicked a 40 lakhs job offer from Schumberger seniors, I was seeing two startups run in front of
or at least co-exist without being eliminated. owner, one can simply make a decision about the to start his own enterprise ' Dietz Foods’ ! me, one in which I was working and the other
strategic direction of the business and act on it started by luminaries of IITR like Shayak Sen (
Big companies have an already defined structure immediately. Here's an interview with the freak! Batch '06) and Himanshu Sahani(Batch '03) and
for all their goods and services, and since it has that was where I got really motivated to start my
quite a big network, every department and person Quality has a cost, and quality conscious people Q1. Someone said, Venture Capitalists are easy to own venture. I still learn a lot from them.
in the hierarchy has a specific role, authority and are always ready to pay it. It does not matter from handle, compared to your girlfriend who will just
responsibility, which gives a kind of inertia to the where has that quality come. In market, price is refuse to understand your ambitions. What was Q4. Is this your first tryst with entrepreneurship?
whole system, and flexibility is lost. equal to positioning. No one collects cheap mass- your girlfriend's reaction when you told her you're Ans. Actually this is my 3rd shot at
What a customer wants is that someone should manufactured items. So, even if a small business leaving the best possible job option on campus? entrepreneurship, the first one was Venom, the
take ownership of the issue and see it through so offers quality for some price, it will find customers in And your parents'? computer gaming magazine, which lasted only one
that it is solved. While big companies do the same, market. issue(we ran out of funds); then came zabraku.com
the hierarchical structure may delay it significantly, Ans. As far as Aarti is concerned she was a little the site was made live but then I wasnt able to
and time is an important factor. The trick for small businesses to exist in the worried initially and wasn't able to digest it. But build a team that could take it ahead. Both these
competition market is simple –“Find your niche and when I explained her that it wasn't that risky and ventures were started in my 3rd year.
Small businesses can get it done effectively and serve it well” -- play the game on your own this was what I really wanted to do then she got
timely because of their flexibility. Although one may strengths. While the big retailer won't be driven out convinced and has supported me(and paid my bills Q5. What keeps you going?
question their expertise and resources, they can be of the market, a small business can coexist too). Parents got really tensed but again I had to Ans. Like any youngster I want to be rich and
argued to be sufficiently enough for day-to-day peacefully and profitably. convince them, now they are also supporting me. famous; this is the dream that drives me. I know
entrepreneurship is all about making a meaning;
Q2. How much money do you have in your bank true, but at the end of the day, you need to realise

Samadhan
account right now? Did you try for incubation or your personal dreams as well. I strongly believe in
funding? Steve Jobs philosophy " You can connect the dots
Ans. Never ask this question to an entrepreneur. looking backwards" and I recommend that
Social Entrepreneurship Competition When I started, I had nothing in my account, but everyone should read the speech that he made at
now from borrowings and some freelancing I have Stanford in 2005.
Our country is progressing leaps and bounds. With Incentives: some money in my kitty. I tried getting incubated at
rapid industrialisation, our economy is moving > Cash Prizes worth Rs 60,000 are to be won. IIMB but that was far too costly and cumbersome, Q7.Please Describe 'Dietz' in 2 lines.
ahead at a pace as never before. But the > Abstracts of Winning Entries to be printed in so I chucked the idea. Ans. Through dietz I aim to make people healthy.
development, to a larger extent, has remained recognized journals We would be setting up food outlets in Bangalore,
confined to the cities only. The rural India still faces > Booklet containing winning entries will be Q3. How long have you been thinking about this where each food item would be specially designed
a lot of problems due to the lack of basic circulated in major corporate houses, educational idea? How did it materialize? by dietitians.
infrastructure. Development needs to be done in institutions, NGOs etc. Ans. The Idea struck to me when I was in
these areas in the fields of housing, roads,
electricity, health & medicine, education, transport Important Dates:

“E News ”
and communication. > Submission of Executive Summaries:
There's a very thin line between a crazy person and entrepreneur. While the former believes in
25th September something which the world doesn't, the latter makes the world to believe it as well.
The heart of India still lies in the villages as more
than 70% of our population lives there. We can't say > Declaration of results of 1st round: 15th October
ours to be a developed nation until the fruits of
development reach our rural population. In the wake
of problems faced by people living in the rural areas
> Mentoring: 18th - 28th October
Entrepreneurship News
due to lack of basic amenities, SAMADHAN invites > Final Presentation at IIT Roorkee: 2nd November
b-plans in the field of RURAL Outside Insti Inside Insti
INFRASTRUCTURE. For further details, contact:
Ashish Agrawal (09411500848) > 46 students from Electrical Batch of IIT Bombay, > Two winners at ISIS - the EDC, IIT Roorkee
For the first phase, only the executive summary is to Saikat Gupta (09997020405) passing out this year opted out of placement to start organized Business Plan Competition have
be submitted. The shortlisted entries would be given out in labs, incubator and from home. started their companies.
mentoring by industrialists and social entrepreneurs. Website: www.edciitr.com
The final entries are to be submitted alongwith the > TiEcon Delhi 2008, TiE Delhi’s annual flagship event This is the second consecutive year that the
financial details, market scope and analysis, Write to us at: samadhan.iitr@gmail.com is scheduled in October 22nd-24th. The theme of winners at ISIS have gone on to start their
milestones with stages of implementation, risk and this year's conference is "Entrepreneurship Comes ventures.
competition & intellectual property strategy. of Age"

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