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
09.00 - 09.30 09.30 - 10.00 INTRODUCTION

Theme

Session Description
REGISTRATION AND TEA

Program and Participant Introduction Expectation Sharing Innovator and Entrepreneur - Quiz IIT B experience in nurturing Technology Entrepreneurs, How are technology innovations incubated and turned into commercial products? Prototyping, Product development, IP Practices TEA Experiential Education for Engineers, IIT Practices in innovative education, Design Exploration Workshop (DEW) Outbound Activity -Problem Solving: How do you assess the opportunity for products or services that involve new technologies? LUNCH Debrief on outbound activity; choosing a prototype/idea to work on Customer's voice, identifying gaps between existing products and needs; opportunities for new or improved products TEA Defining industry of operation, key aspects of competition Student IP Best Practices, Protecting IPR: Filing Patents, Licensing, Technology Transfer
1

10.00 - 11.00

NURTURING TECHNOLOGY VENTURES ON CAMPUS

11.00 - 11.15 11.15 - 12.15 ENTREPRENEURSHIP AND ENGINEERING EDUCATION IDEATION FOR PROBLEM SOLVING

12.15 - 1.00 01.00 -02.00 02.00- 03.00

DEBRIEF OF OUTBOUND ACTIVITY PRODUCT OPPORTUNITY GAP ASSESSING COMPETITION IP FOR TECHNOPRENEURS

03.00 - 04.00 04.00 04.15 04.15 04.45 04.45 05.30

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 Session Description Defining value proposition - what problem are you solving, Understanding Customers and recognizing competition Importance and nuances of team building in tech ventures using a simple game

Day 2 Time
09.30 10.00 10.00 11.00 11.00 11.15 11.15 12.15

Theme
RECAP- DAY1 ROLE OF TEAMS IN TECH VENTURES

TEA ENTREPRENEURSHIP AND How do you characterize technologies and innovation? Link TECHNOLOGICAL between Innovation and Entrepreneurship
INNOVATION

12.15 -01.00 01.00-02.00 02.00-04.00 04.00-04.15 04.15-05.00 05.00 onwards

Prototyping to product development; moving beyond prototype and begin thinking about product and its features LUNCH Importance of a Business Model, Basic elements of a COMMERCIALIZING INNOVATIONS Business Model: Cost -Value - Price TEA Practical insights on tech venture creation from a real time MEET A TECH ENTREPRENEUR entrepreneur GENERATING A BUSINESS Group work to build/ iterate on prototype and define MODEL business model
PROTOTYPING TO PRODUCT DEVELOPMENT

Day 3 Time
09.30 - 10.15

Theme
BASICS OF START-UP FINANCE RAISING MONEY

Session Description Understanding the basic concepts and terms in Financial management for a start-up Sources of Financing for tech ventures govt schemes, angels, banks , VCs, others- initial funding for projects on campus - IEDC, EDC TEA Tech B Plan Fundas; Elements of a Business Plan Consolidate learning from all three days; prepare for Team presentations of Product and Business Mode LUNCH Team presentations of Product and Business Model TEA Designing a Tech Venture Course; link to IEDC activity and campus company/student ventures Implementation on campus and Commitments & Certification

10.15- 11.00 11.00- 11.15 11.15 - 12.00 12.00 - 01.00 01.0 - 02.00 02.00 - 03.30 03.30 - 03.45 03.45 - 04.30 04.30 - 04.45 04.45 - 05.00

COMMUNICATING THE IDEA: BUSINESS PLAN GROUP WORK PREPARING FOR TEAM PRESENTATIONS TEAM PRESENTATIONS DESIGNING A TECH VENTURE COURSE IMPLEMENTATION & CERTIFICATION FEEDBACK & WRAP UP