Network to Succeed

Network to Succeed.

Power to Empower Challenge 2013, Last Date to Apply 9th Dec, 2013

December2

Power to Empower Challenge 2013 managed by Ennovent and TiE Delhi NCR on behalf of the National Skills Development Corporation and India@75, seeks to identify and reward (supported by the Muthoot Pappachan Foundation) the best solutions for bridging the gap between the supply and demand of skilled labour in India.

If you believe that you have a solution or even an idea that directly or indirectly creates employment, upgrades the skill set of people then you should apply here

The last date to apply for the challenge has now been extended until 9 Dec 2013, 12:00 NOON (IST).

Should you be one of the winners you will receive:
• INR 3.5 lakh in Operations Category
• INR 1.5 lakh in Idea Category
• Access to the EMPRETEC capacity building program of the IBF and UNCTAD

The runner-ups in both categories will receive valuable non-monetary awards. This includes but not limited to national visibility, networking opportunities and capacity building support, online and media promotion, introductions to investors, passes to high-profile events, and access to renowned experts.
Before the challenge closes on Dec 9 make sure to submit your application – Apply Now!

Our team is also available to help guide you through the application process or apply on your behalf.
For more information, please feel free to reach out to Chandrakant Komaragiri (chandrakant.komaragiri@ennovent.com) / +91 8374321885.

We hope you will take full advantage of this unique opportunity.

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HBR Blog – Angel or Devil: Who’s Really Investing In Your Start-Up?

November4

Interesting post on the HBR blog but hits the nail on the head especially as the funding ecosystem in India evolves with several angel investors, angel networks, accelerators, VCs. Good entrepreneurs have enough money chasing them and it makes all the more sense to do the due-diligence on the investors before getting them on board :)

Last month, famed investor and Sun Microsystems co-founder, Vinod Khosla, shocked a tech conference audience claiming, “95 percent of VCs add zero value. I would bet that 70-80 percent add negative value to a startup in their advising.” Can Khosla be right? Can investors be a liability rather than an asset?

“I don’t know a startup that hasn’t been through tough times,” Khosla said, and it is during these rough patches that he believes many investors fail their companies. But there are more ways an investor can screw a company than giving crummy advice.

A classic Harvard Business Review article demonstrates how investors can negatively impact the psyche of startup founders, often with toxic, long-lasting repercussions. The paper’s authors, Manzoni and Barsoux, describe a disorder they call the “set-up-to-fail syndrome.” Though they focus on how this affects the manager-to-employee relationship, I believe the affliction can also manifest in the context of an investor-to-founder partnership, particularly when a first-time entrepreneur is involved.

What is this sabotaging syndrome? It begins innocently enough. The chain reaction usually begins with the “tough times” Khosla says are part of every company’s lifecycle. Sometimes the investor has pre-existing doubts about the CEO’s abilities, but the infection usually starts when the company misses a minor target or isn’t progressing as quickly as anticipated.

Read the full post here

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Power to Empower 2013 Challenge – Apply Now!

November4

Power To Empower (P2E 2013), a national skills development challenge organized by NSDC and India@75 recently launched it’s third edition in mid-September 2013. This challenge is supported by managing partners Ennovent, TiE Delhi NCR and key outreach partner National Entrepreneurship Network (NEN).

The objective of this challenge is to find and promote innovative and sustainable solutions in the skills ecosystem in India. One winner and three finalists will be selected in each of the following categories:
• Idea: A solution concept developed on paper
• Operations: Solutions currently being executed on the ground

Winners of P2E 2013 will receive cash prizes of INR 1.5 lakh and INR 3.5 lakh for the Idea and Operations categories respectively by the Muthoot Pappachan Foundation, the CSR arm of the Muthoot Pappachan Group and capacity building support from Empretec, an initiative of the United Nations Conference on Trade and Development (UNCTAD) and IBF as well as nationwide visibility.

Additionally, the connector of the winner will receive INR 10,000 cash reward in each category and the applicant with the highest votes in each category will will INR 15,000 cash reward.

Apply or nominate solution now!

Deadline for application and voting is 1st, Dec 2013.

posted under Competitions, Entrepreneurial Spirit | Comments Off

Ennovent Webinar – Attracting and Retaining Talent

October23

ENNOVENT WEBINAR SERIES

Attracting and Retaining Talent by Rakesh Sharma (President and CEO, Mobilous Inc) at 3 pm today, 23rd October, 2013.

Attracting and retaining talented employees is a huge challenge for employers due to decreasing job security, mismatch with employee desires, more transient and dispersed employees, lack of loyalty all this gets compounded especially in the start up environment.

The webinar will aim to review and identify the factors that attract employees to a company or organisation and the factors that help to retain them.

-Identifying factors attractive to employees – Creating a culture that pulls in highly skilled and talented workforce.
-Creating optimum working environments for employees that adheres extraordinary talents.
-Identifying potential talent at an early stage and developing them.
-Understanding factors that influence performance and loyalty within.

Those interested are welcome to join by registering through the link.After registering, you will receive a confirmation email containing information about joining the webinar.

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TenMarks Acquisition by Amazon.com

October17

Its a matter of great pride and privilege to share that a start-up that I was part of as a core team member has been acquired by Amazon.com :)

Amazon has announced plans to snap up online education company TenMarks. The company offers an online math curriculum currently, and Amazon VP of Kindle Dave Limp says that together, “Amazon and TenMarks intend to develop rich educational content and applications, across multiple platforms, that we think teachers, parents and students will love.”

TenMarks was founded in 2008 and has raised debt funding several times over the last few years. Its most recent raise came in September of 2011, when it snagged $3M from Catamount Ventures and Birchmere.

TenMarks is a service that lets teachers specify math skill levels or concepts to cover and then develop personalized curriculums it calls ‘playlists’. TenMarks Math is a free product for teachers that it says has been used across ‘tens of thousands’ of schools.

“Amazon and TenMarks share a commitment to developing easy-to-implement solutions for schools and families,” Rohit Agarwal, TenMarks co-founder said in a statement today. “We currently offer teachers, students and parents access to effective resources to foster the vision of the Common Core curriculum in math, including scalable professional development and tools for connecting with parents. We back this belief with our business model, where teachers can register and access our product for free, while being able to opt in for premium features, if needed. Going forward, we believe Amazon and TenMarks will create significant innovations in the K-12 arena.”

Read the story here – http://techcrunch.com/2013/10/10/amazon-snaps-up-online-math-instruction-company-tenmarks-to-help-it-make-education-apps/

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TiE the Knot – A Landmark in Early Stage Financing

October17

Happy to share as part of the organizing committee of TiEcon Delhi, I helped launch “TiE the Knot” a first of its kind on-spot funding platform for early stage entrepreneurs. This exclusive forum a first of its kind in India created history & gave an opportunity to five shortlisted companies to pitch their business to select group of investors live on stage & covered by CNBC TV 18.

We received over 65+ applications for the program and after rigorous short listing and screening process involving senior TiE Charter members we showcased five companies to a group of renowned investors. Two of the five companies that were showcased received on spot commitments for funding right on the show.

Companies Showcased:-
•Happay – “Send & receive instant cash payments for peer to peer without swiping the card”.
•Incights – “Leaving identify thieves speechless, forget pins, password now comes authentication via your voice”
•Experifun- “Next generation science Kits selling to K-12 Schools promoted by entrepreneurs of IIM pedigree”
•Agastha – “A non-invasive device you can wear like a wrist-watch that constantly monitors your heart and gives an early warning of a heart attack”
•The Shopping Pro – “Confused while shopping? How about a live personal assistant who will not only help you shop but also ensure you get the right offers & rewards”

Investors Participated:-
Akshat Rathee, Nodwin Group
Anand Lunia, Indiaquotient
Dinesh Agarwal, IndiaMart
Gaurav Kuchru,Startup Super Fuel
Prashant Gulati, The Smart Start Fund
Shailesh Vickram Singh, Seed Fund
Sudhir Rao, IndusAge Advisors
Sunil Goyal, Your Nest Angel Fund
Vikram Gupta – Ivy Cap Ventures

For more details do write to Upasana at upasan@tienewdelhi.org

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TiE Institute – Lessons from Session on Effective Networking

September6

We recently hosted an interesting TiE Institute Session on “Networking” aptly titled Network to Succeed – The Do’s & Don’t of Effective Networking.

The session was anchored by Paritosh Pathak from “The Influence Gurukul” who is a strategic Networking Coach. Couple of key lessons I picked up from the session which are extremely relevant to us as entrepreneurs or professionals.

- All things being equal people do business with people they know, like & trust. I can’t agree with this more most of my working life wherever I have seen success in new deals, assignments or just plain support is from folks who have liked me & trusted me. So key lesson here is building your credibility.

- Listen before you talk – We all love to talk and especially about ourselves and what we have achieved. However do we take a moment to understand what the other person is sharing, or is interested in? You cannot network effectively if you don’t listen,

- Contribute More than Take – Another key lesson, the key to networking is to ensure you give value to people, your community, your stakeholders or simply folks who you are meeting for the first time. Networking is not about pushing your agenda its about nurturing effective relationships :)

- Invest in Networking – This one was an eye opener for me too? How many of us actually block time to network? We are not talking about attending events but simple things like looking up at your phone list and calling your old connections.

- Make a good pitch – Especially at an event, you want to be remembered given that there are so many people and you want to create an impression. For example Paritosh shared he had attended a networking event many years ago and a gentleman on being asked what he does said “I deliver everything except bombs and babies” – I guess we can all guess he was a courier guy.

- Following Up post an Event – Follow up is critical it should be simple, no pitching but a gentle reminder on what you do and the promise to keep in touch :)

These were some of the key learning’s from the session in case you want more details I would definitely recommend getting in touch with Paritosh Pathak at www.influence-gurukul.com.

One great place to practice your networking skills and make those very important connections for your business is at TiE Delhi’s 13th annual flagship event TiEcon Delhi 2013. More details here- www.tiecon-delhi.org.

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Ennovent Weekly Roundup

July20

Ennovent’s weekly roundup which features an East-India educational institute that is providing education for over 18000 tribal children as well as Harvard and Stanford graduate, Jane Chen speaking about her company that keeps infants warm. In addition, we have an interview with innovation supporter, Sam Pitroda followed finally by the work STIR is doing to reform education in India.

This Indian Entrepreneur Lit Up The Lives Of 18,000 Children In Orissa
Poverty in India gets a lot of attention in the media. But these organisations tend to leave out the situation that low-income tribal people in central and eastern India, whose needs have been ignored for decades. However, Achyuta Samanta, founder of The Kalinga Institute of Social Sciences (KISS) is trying to make a difference.

Founded in 1993, KISS has provided knowledge to over 18000 children.

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Lessons on Entrepreneurship – MakeMyTrip & SlideShare

July20

Over the years in the start up ecosystem I’ve had the distinct pleasure of listening, interacting and connecting with iconic entrepreneurs who have all demonstrated that its possible to achieve success. Stories of MakeMyTrip, RedBus, Naukri.com, Educomp, Slideshare prove just that :)

Last Saturday YourStory put together a fantastic event as part of its TechSparks featuring iconic entrepreneurs like Deep Kalra of MakeMyTrip & Amit Ranjan of SlideShare. There hall was jam packed with over 300+ folks who braved the sweltering heat to attend the sessions.

Couple of key learning’s that I picked up from Deep & Amit’s talk:-

- Doing the Venture for the Right Reasons – Clearly passion is what drives iconic entrepreneurs, while we all know this conceptually but Deep shared how he was so passionate about traveling and then came the opportunity. Lesson – Don’t start a venture because its cool, you will make a lot of money (hopefully you will and its important) or just because your friend is doing it. Start a venture or a business in an area you are really passionate about and are good at :) Point is that you should start a business in an area which will play up to your existing skills and you are truly passionate about.

- Opportunity – Opportunities strike sometime when you are not looking for it. You need to have an open mind and listen :) Amit shared how when he used to organize barcamps a lot of folks used to keep asking for presentations – Ah opportunity was there and he his team quickly built out a product “SlideShare”.

- Conversions – On the business side Deep emphasized on the point of conversions. how its important to track conversions and keep an eye on cash.You don

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Startups Recruting Core Team Members – Co Founder/Quest

April30

At the recently concluded India Internet Day hosted by TiE Delhi-NCR, there was an interesting session Co-founder /CXO Quest which was an outcome of members feedback on what they need.

The session was hopefully one of many more in the near future to help our members find the best connect and the right fit for their organizations or themselves.

Here is your opportunity to reach out to startups who are looking for their core team members and advisors Click Here

So if you have certain skills,experience and expertise and have always wanted to work in Start ups this may just be your chance.

posted under Career Opportunities | Comments Off
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This is a forum for entrepreneurs and professionals to connect, learn and grow with each other. The objective of this blog is to give you access to relevant resources, business opportunities and networking opportunities to enhance your entrepreneurial and professional lives.

About Author:

Digbijoy has a wide ranging experience across diverse sectors, initially started his career in education marketing with reputed educational institutes and then subsequently joined the advertising and events industry to execute several projects including a state election campaign for a national party, conceptualizing and running a restaurant chain in Delhi and several other projects.

He joined the Delhi chapter of The Indus Entrepreneurs (TiE Delhi), where he worked for over 3 years and drove various key initiatives like mentoring, deal flow, marketing, sponsorships etc and left his last position as Associate Director of the chapter in 2008 to pursue his entrepreneurial ambitions. He subsequently joined techTribe- India largest Career Networking platform where he served as director strategic relations and drove unique initiatives and partnerships for building and sustaining community engagement. Post techTribe he co founded an online supplemental education start-up – TenMarks Education INC. which was acquired by Amazon.com in October 2013.

Post TenMarks he lead Ennovent India as its country director which is an innovation accelerator. Ennovent provide services to accelerate innovations for sustainability in low-income markets in developing countries. It specializes in helping clients discover enterprises with novel solutions, develop business models to start-up enterprises, provide finance by facilitating early-stage investments and grow operations to scale profit and impact. Since 2008, Ennovent has worked with over 4,800 Network members, 15 Circle members and 10 Solution clients to accelerate over 80 innovations in 10 countries.

Currently Digbijoy Co-leads the Startup Program for Amazon Internet Services Pvt Ltd enabling the best startups leverage the power of cloud.

Lets Connect:-
Email: digbijoys@gmail.com
Linkedin: http://in.linkedin.com/in/digbijoy
Twitter: http://twitter.com/digbijoy

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