startify : business plan pitch
TRANSCRIPT
www.startify.in
Problem targetedThe world is riding on a wave of entrepreneurship with young enthusiasts creating services and products which are pushing nations to grow exponentially. However, there are many areas which harbour great minds but lack the right ecosystem. Resultantly the failure rate of new enterprises is very high with only one out of ten succeeding. Can the causes of failure be targeted so that more can successfully travel this exciting entrepreneurial journey?
99% STARTUPS FAIL BECAUSE OF LACK OF PLANNING AND GUIDANCEMis-management
Inexxperience
Leadership
Lack of expertise
External factors
Reason why startups fail?
MARKET OPPORTUNITY
18-24 36-54 55-65
9%
14%
16%
12%
Entrepreneurs are numbering near 400 Million in 54 countries, according to GEM 2011 Global Report. . The following are the percent of people who are into early stage entrepreneurship (for Asia Pacific and South Asia) according to GEM 2013:
25-35Age group:
Wannapreneurs and those who are in early stages of ideation (or those on the verge of starting up) aged around 20-35 and are comfortable using the internet will be our target customers.
These would consist mainly of students and young aspiring entrepreneurs including the ones from tier 2 and tier 3 cities.
GO TO MARKET PLANConduct
workshops, events and competitions.
Attract potential entrepreneurs
Sign agreement and get startify’d
People share, discuss the idea, form team and
experts give advice
Complete an idea profile.
Approach investors, mentors,
etc with the idea profiles
Connect them
In the next 6 months, which includes product development, four ideas (who are really serious and has potential) will get Startify'd (matured, structural).
We will target college students in Rajasthan and North East who have ideas and want to execute.
Tieups with companies like seedfund to get mentors for idea and give them the first right to fund.
TIE UPS
We have already conducted events in partnership with CII and government of Assam. We are already in talks with few seedfunders and we are getting a positive response.
GovernmentIncubators Investors Mentors
REVENUE
%of amount funded
Option 4
Developing an online portal for connecting
enthusiasts, building a stronger internal
network for formed companies.
Stake in the company
COMPETITORSThe entrepreneurship sector is full of online crowd sourcing idea portals and teamup-ing platforms.
But their target audience are not ‘wannapreneurs’ and they do not provide with sufficient mentorship& guidance.
Moreover security of ideas is also a major factor thatneeds to be taken into consideration.
WHERE ARE WE CURRENTLY?
Developed a MVP
(website)
Option 4
Workshops at
IITJPilot with 2
teams
Startup Meet &Workshop in
Guwahati
MEET OUR TEAMHimanshu SikariaExecution, management and operational activitiesUndergraduate at IIT Jodhpur.Co-ordinator E-Cell, IIT Jodhpur
Achyut JoshiDeveloper & DesignerUndergraduate at IIT JodhpurAss. Co-ordinator E-Cell, IIT Jodhpur
Anshul AgrawalWeb-DevelopmentUndergraduate at IIT Jodhpur. Co-ordinator Web-Development Club