The world is buzzing with new ideas. With the growing technology, the service providers aim at making people lazy and creating a value proposition, where in they can provide the service and charge a hefty amount. So, with the motto of boosting the entrepreneurship spirit and providing a platform to experience what a Start Up is all about, Google Start Up Weekend was hosted by Srinovation – the Entrepreneurship Cell of Sri Sri University.
It is really worth mentioning that Bhubaneshwar, the quiet city of Eastern India had 80 participants who were drenched with the zeal and passion, to have their own start up. Contrary, the metro cities of Delhi and Mumbai have engaged with mere 40 participants, previously. The 54 hours, brimming with 56 ideas and a plethora of actions, were more about creating a community where people share their Business Ideas. The participants, mostly students, got the real feel of owning startup about the challenges and the difference between idea and idea implementation.
The round one had 56 ideas, out of which 14 got selected through mutual voting and consequently, the team leaders convinced the people why they should work on a particular idea, which lead to the formation of 14 consolidated teams. These teams need to prepare the complete Business Canvas plan with revenue model, web application design, website and validation check. On the last day, they will be getting just 5 minutes to pitch their idea to the sponsors, who can provide the budding entrepreneurs with the capital.
Most of the ideas focused on leveraging the power of growing popularity of the application based services and the ease of usage which they provide. The brain stormed ideas – some with a consistent flow of actions and ideas, some just on table, created with coffee, sleepless nights – filled with the rigor to make things happen and how to implement them practically, are summarized as follows:
- Burn Out – Refer to these guys who have formed a network with the local Garage people and can provide you a 24@7 service to help you in case of tyre puncture or vehicle malfunction in any area
- Cool Techie – You can ping these guys when you are hit with panic because of your computer breakdown. They make sure that any problem with your computer is dealt with Home Service with reliable and safe hands.
- Waste Master – These guys plan to work with recycling the waste products. They realized how difficult it is to implement such an idea and practically what are the challenges faced.
- Liszto – They are creating an online app based platform for the music lovers. They were guided by the industry mentors to brainstorm over all the legal issues/copyright issues.
- Maid is easy – Their idea is inspired by the problems our mothers face when the house maid does the tantrums, takes leave without informing, asks for salary hike every month, etc. They believe in providing a new maid every day. This will greatly help the home makers but difficult for these guys to tackle.
- Parcel Bhejo – Intra city logistics to give birthday surprises, say congratulations, etc. These bunch of students changed their B plan twice, within 10 hours, because every opinion, idea and action matters.
- My Travel Planner – The travel encyclopedia. The idea stuck a girl since saw five years and saw her dad struggling to collect the contacts/discounts, etc. This B plan aims connecting the travelers, allowing them to plan a trip together online. The people don’t have time to come and meet each other. A better option is they meet online, plan and get the best deals. B2C and also customer to customer connect is there.
- Re-medics – It revolves around recycling the medicines. The enthusiastic team seemed to have fun with the hectic schedule.
- Smart Helmet – The fresher’s from non-technical background brain stormed about the practicality of this product through interaction. Their idea is to make a helmet with sensor and coolants. The idea is to make a helmet with sensor and coolants.
- Geo-play – This idea will make sure that the people can meet through GPRS to play the sport they want to. Cool idea to capture the techie lovers who cannot play a game because they neither have friends nor the grounds, in the new city.
- Innovative farming – Still being developed, take care!!
- We Socrates – It is an app which connects all the teachers so that they can share, chat, discuss and do some research, aimed at the highest benefit of the students.
- De-Rubics – To connect the skilled unemployed people, and use the best use of opportunities with the growing air lines!
- Free food – A platform for collection of excess food and its distribution to the needy.
More Business Plan related actions and every moment new strategies being made. That is the culture which dominated the day 2 of the Google Startup Weekend, Bhubaneshwar.
The Prizes will be-
Startup Weekend Bhubaneswar saw some great startup ideas coming up. These are the brief desription and link to of them.
Maxokraft is a marketing startup which aims in bridging the gap between customer and offline traders. It provides a platform for the offline traders (Brick & Mortar Shops) to adopt this mode of marketing at a cheap price and help customers discover their product in their own convenience before purchasing it. This saving from trader side due to efficient marketing can be passed on to customers in form of more offers and discounts
A website to connect Dog lovers with potential sellers of all breeds (KCI registered) and we provide them a platform to use services like Healthcare, Insurance, Dog walkers, trainers, Food, Breeding.
For better connection with customers, it also organizes events like Share your Dog Story and Pic of the week.
This is a fashion website which’ll help customers design clothes in their own unique way and wear them. This enables to make people designer clothes by themselves. And also provides great styles at cheaper rates.
They are trying to build a community of people around the globe to give valuable unbiased reviews to various product and services.
1) They are providing diversified reviews on a unified platform
2) It’s a not a service or a Product. It’s a Community.
3) Providing Unbiased rating and reviews through certified techniques
It is an online platform which’ll swiftly connect Blood Donors and those who are in need of it. It’s a life saving idea.
It provides Pick, drop & store solutions to make you feel contented with your luggage. Helps to keep your luggage and makes you feel free to do any work.
It connects all the street food vendors to a single and provides home delivery of their items to various places across the city.
It facilitates the businesses to get their apps installed by customers. It’s provides sync between PC and Mobile providing ease to customers and profits to businesses.
To allow the service persons and the customers going along through a medium. It connects the service persons to the people who are in need of their services.
The Stellar Grid
It helps to provide B to C solutions for Solar System installations. Helps people install solar power systems in the environment thus conserving it.
A one stop solution for all your travel problems. It provides you extensive details and reviews of areas, wherever you travel.
A service to provide expert reviews to help customers make informed choices. It’ll have an expert team which will give proper reviews that actually helps customers.
The Startup Weekend judging criteria is broken up into three sections. Teams are judged according to the following 3 criteria (weighted equally):
- Business Model
How does the team plan on making this a successful business? Have they thought about (either solved or identified problems) competition, how to scale, acquiring customers, their revenue model etc?
- Customer Validation
Are teams building something that people actually want? How well does the team understand their customer and their customer’s needs. Did the team get out and talk to customers? What is the value proposition to customers?
- Execution & Design
Have they established a “Minimal Viable Product” for the weekend (software, hardware, etc.)? *Note: an MVP is the minimum set of features to be able to start collecting data. Does it deliver a compelling and captivating user experience? Were they able to demo something functional?
Good luck to all the teams! 🙂
Creating a prototype is important for any business model. Be it a website or an app, prototype helps us see how the actual thing would look like and work. Coding might not be an option for all entrepreneurs. So there are certain prototyping tools which’ll help you create a simulation of what actually things may look like.
Here is a site that will help you analyse the various protoyping tools available across the web.
Here are links to certain tools which might be of help.
Adobe Flash Catalyst
Pidoco – The Rapid Prototyping Tool
The Business Model Canvas is a Lean Startup template for developing new or documenting existing business models. It is a visual chart with elements describing a firm’s or product’s details of cost, it’s customers, revenues and value proposition. It brings in all the aspects of a startup in a single piece of sheet or canvas and helps to evaluate it in a much easier and effective way.
The sections can be described as –
These are the customers you target in your business, people who you create value for. It’s quite important to keep in mind the age group, location, financial ability etc. while you fill thsi section in.
These are the bundle of Products or services that create value for your customers
They are the touch points or links through which you deliver value to your customers. A better channel will ensure better services and hence, customer satisfaction.
This outlines the relationship you’re building while delivering value to your customers. This is quite important and decides whether the customers continue to be with you or not.
These show how and by what pricing mechanisms, your business is capturing revenue. This will decide the profits you make.
This refers to the indispensible resources or the assets you’ll require to build the startup. They refer to the infrastructure you need to build your product.
They are the main activities you need to perform in order to perfectly deliver value. These stay as primary activities in your startup.
These are the partners who’ll help you leverage your business
After knowing these details you can write the cost structure of your company, cost of inputs and infrastructure and revenue collected.
This helps you get your business plan in a single sheet. This not only helps people who startup but other business executives as well.
The video below describes what Business Model Canvas is –
According to convention, the first thing every founder must do is create a business plan, a static document that describes the size of an opportunity, the problem to be solved, and the solution that the new venture will provide. It includes a five year forecast for income, profits and cash flow. It’s just a research based document written by an entrepreneur before actually building a product, unaware of the actual problems that are going to sneak in while executing the idea.
After raising a funding, entrepreneurs build a product without even taking substantial customer feedback and when ready to sell those, they realize that most features of the product weren’t necessary at all.
The Lean Startup Method
Proposed by Eric Ries in 2011, Lean startup method adopts a combination of business-hypothesis-driven experimentation, iterative product releases and customer validation.
Lean startup method removes the obsolete ‘Stealth Mode’ operations of business and lays importance on ‘Consumer Feedback’.
It can put down in three simple steps.
1) Rather than planning and research, entrepreneurs find a series of untested hypothesis or good guesses. Rather than writing B-Plans, they summarize stuff in a Business Model Canvas
2) Then they take up a ‘get out of the building’ approach to test their hypothesis. They ask potential users, purchasers, partners and try to analyse problems and solutions that come up. This process is iterative and feedbacks are taken care of in all subsequent product stages.
3) They make a MVP(Minimum Viable Product) by assembling their analysis reports and collected feedbacks. This product is developed by a practice called ‘agile development'(Quick, Responsive Development) which works hand in hand with customer development and reduces the yearlong product development cycles.
It means startups invest their time into iteratively building products or services to meet the needs of early customers, they can reduce the market risks and sidestep the need for large amounts of initial project funding and expensive product launches and failures.
Today, the lean startup’s popularity has grown outside of its Silicon Valley birthplace and has spread throughout the world.