Start Up Progress 2018-19
NewGen IEDC [2017-22]
Under the Aegis of NSTEDB, DST, Govt. of India, New Delhi
Progress Report (As on October 31, 2018)
Name of the College/Institution hosting NewGen IEDC
| Manav Rachna International Institute of Research and Studies, Faridabad | ||
Year of starting NewGen IEDC
| 2017 | ||
Name of the Head/Principal of the Institution/College
| Dr. N.C Wadhwa | ||
Name of NewGen IEDC Coordinator
| Dr. Monika Goel | ||
Contact Details of NewGen IEDC Coordinator · Mobile Number · e-Mail ID | +91-9899876331 Monika.fcbs@mriu.edu.in | ||
Financial Details
| Rs. 60 lakhs (Rs. 25 lakhs for prototype development grant, Rs. 25 lakhs as non-recurring grant and Rs. 10 lakhs for recurring grant received vide sanction order no. EDII/DST-NewGen IEDC/17-18/05 dated 15/06/2017
| ||
Sanction Order No.
| Sanction Order Date with Amount | ||
Previous Sanction Order Details | 1.
| EDII/DST-NewGen IEDC/17-18/05 dated 15/06/2017 | 60,00,000 |
2.
| |||
Initiatives/Activities Undertaken as per the Action Plan Submitted:
[A] To inculcate the spirit of innovation and entrepreneurship amongst S&T students
Sr. No. | Activities | Outcome/Achievements | Month |
1 |
Entrepreneurial Awareness Drive (In Campus) | 10 days Entrepreneurship Awareness drive was conducted across the various departments and faculties of MR. More than 500 students got an opportunity to participate in various lectures and seminars on technical aspects of entrepreneurship. |
August 2017 |
2 | The Startup Unlocked (Seminar on Key aspects of Entrepreneurship) | Students of B.tech CSE of MRIIRS were given seminar on the concept of startup unlocked by IEDC team | August 2017 |
3 | Workshop on “how to identify a great business idea”
| Team of IEDC gave an extensive workshop to the student entrepreneurs on how to identify a great business idea with the help of case studies and research reports. | August 2017 |
4 | Talk Shows/ Discussions with Alumni and other self-made Entrepreneurs
| Alumni Entrepreneurs of Manav Rachna were invited to share their experiences and stories with aspiring group of IEDC Self-made Entrepreneurs. | September 2017 |
5 | Induction program on different forms of entrepreneurship | Students of BBA and Engineering were motivated for doing startups, the speakers various forms of entrepreneurship to the students as per their interest and needs. | September 2017 |
6 | Watch a Movie Session | A 1999 inspirational Drama named “October Sky” was shown to the students to build positive values. | February 2018 |
7 |
E-WEEK 2018 (Wadhwani Foundation- NEN) | This was the 10th edition of this Mega event. Every year this E-Week is celebrated to promote new ventures and entrepreneurial values. |
February 2018 |
8 |
Entrepreneurship Awareness Camp-I | A 3 day workshop was organized by IEDC team to spread awareness about entrepreneurship, its aspects and various opportunities for students about to graduate or already graduated of MRIIRS. |
September2018 |
9 |
Entrepreneurship Awareness Camp-II | A 3 day workshop was organised by IEDC team to spread awareness about entrepreneurship, its aspects and various opportunities for students about to graduate or already graduated of MRU. |
October 2018
|
[B] To identify, develop & commercialize students’ innovative ideas
Sr. No. | Activities | Outcome/Achievements | Month |
1 |
Business plan competition | This event was conducted by NewGen IEDC team where 10 teams presented their ideas to the team of 7 judges and best 3 ideas were awarded as winners, followed by a guest lecture. |
September 2017 |
2 | Live Product sale | Students of Entrepreneurship 3rd sem. displayed and sold innovative products as project work at the campus. | November 2017 |
3 | Screening of startups | A total of 13 startup ideas were pitched by the students, from which best 9 were selected for the review round. | December 2017 |
4 |
Business Venture Simulation Game | All the startups and E-cell members were invited to play Business Venture Simulation Game that gave an insight about how a business is taken from scratch to scale up. |
April 2018 |
5 | Introduction to “Cost effective means of self-marketing” | Session on Cost Effective means of self-marketing was delivered to startups, ecell members and students from engineering, BBA and commerce. |
May 2018 |
6 | Workshop on identifying a true value proposition for startup | The event was attended by all NewGen IEDC startups. The startups were detailed about ways to determine real value propositions for their respective ventures. | September 2018 |
[C] To enhance Industry-Academia interaction
Sr. No. | Activities | Outcome/Achievements | Month |
1 | Startup Jalsa | Team of 35 students attended mega event titled Startup Jalsa and were awarded 3rd prize | December 2017 |
2 | Off Campus FDP training on Entrepreneurship | Manav Rachna faculties got trained through 10 days FDP funded by DST at YMCA university and ITS Engineering College. |
December 2017 |
- Deviation (shortfall) from the proposed action plan (with reasons), if any:
The activities are carried on as per Action Plan. However, in certain cases, dates had to be rescheduled to ensure that maximum number of participants can benefit out of the activity. Activities relating to Industry-academia interaction had to be reshaped to suit the requirements of industry.
- Other important highlights (new initiatives), if any:
Sr. No. | Activities | Outcome/Achievements | Month |
1 | Launch of Digital Learning Program for aspiring entrepreneurs | Digital Learning Program for aspiring entrepreneurs was launched for IEDC Student Startups at Learnwise in association with NEN |
September 2017 |
2 |
Road 2 Startup (2 week) | MR NewGen IEDC organized a 2 week long entrepreneurial event in association with NEN and Technoplanet Labs. Activities like DISRUPT and quiz, idea pitching etc. were conducted also intensive training was conducted by Technoplanet Labs. |
October – November 2017 |
3 | Learnwise Module 100 assessment | A final assessment was conducted by Wadhwani foundation NEN for the students of E CELL. |
January 2018 |
4 |
Zing Talks | Organised by NewGen IEDC in which 2 entrepreneurs were called upon for a 2 hour talk show for motivating and sharing her experiences. |
January 2018 |
5 | Anveshan 2018 | NewGen IEDC also hosted Anveshan 2018 with projects coming from across the North Region of Country. |
February 2018 |
6 | Talkshow with Mr. Gaurav Kachru | Mr. Gaurav kachru, founder – 5 ideas, was invited for a talkshow with the NewGen IEDC startups and E-cell members. |
September 2018 |
- Student Projects (Please provide the following details for each student project)
Sr. No | Team/Project Description | Project status at beginning of the Year | Interventions made | Current status |
1 |
Nature’s Drop |
Ideation | Supported in product selection, USP identification and business model preparation. | Beta version prototype ready. Samples tested. In process for incorporation and sales. Won various competitions. |
2 |
Tackyon Motorsports Pvt. Ltd. |
Conceptualization | Supported in concept refinement, USP identification, prototype development and business model preparation. | Beta version prototype ready. Samples tested. In process for incorporation and sales. |
3 | Aarkaya Solar Solutions Pvt. Ltd. | Conceptualization | Supported in concept refinement, USP identification, prototype development and business model preparation. | Incorporated in March 2018. Started installations for revenue generation. Solar products development under process. |
4 |
Thap Krida |
Market Research | Supported in selection of targeted market, USP identification, prototype development and business model preparation. | 3 games on google playstore. In process for incorporation. Started presales for revenue generation. |
5 |
Naturoplast |
Ideation | Supported in selection of targeted market, USP identification, prototype development and business model preparation. | Beta Version prototype developed. In process of testing and certifications. Also, in process of incorporation. Won various competitions. |
6 |
Coating Wala (TFT Innovations) |
Conceptualization | Supported in selection of targeted market, USP identification, prototype development and business model preparation. | Beta version prototype ready. In process for incorporation and pilot sales. |
7 |
Campus Dock |
Market research | Supported in selection of targeted market, USP identification, prototype development and business model preparation. | Beta version prototype ready. Application tested with 50 students as pilot run. In process for incorporation and sales. |
8 |
Medlife care |
Ideation | Supported in selection of targeted market, USP identification, prototype development and business model preparation. | Business model ready. Developing prototype. |
9 |
Vagabond Brains |
Conceptualization | Supported in selection of targeted market, USP identification, prototype development, business model preparation and network building. | Website ready and live. Under the process of incorporation. Started generating revenue. |
10 |
Greenity |
Ideation | Supported in selection of targeted market, USP identification, prototype development and business model preparation. | Beta version prototype ready. Samples tested. In process for incorporation. Won various competitions. |
11 |
N2 Innovations |
Ideation | Supported in product selection, USP identification, prototype development and business model preparation. | Prototype development under process. |
12 |
Ferox Technology |
Conceptualization | Supported in selection of targeted market, USP identification, prototype development and business model preparation. | Prototype development under process. |
13 |
Night Labs |
Ideation | Supported in product selection, USP identification, prototype development and business model preparation. | The project could not take off. The stipend amount is on hold and equipments purchased recovered. Consumables have lost in the process. |
14 |
Smart Watch |
Ideation | Supported in product selection, USP identification, prototype development and business model preparation. | The project could not take off. The stipend amount is on hold and equipments purchased recovered. Consumables have lost in the process. |
- Please Submit three/four high resolution (at least 300 dpi) pics in jpeg format showing the prototype/product along with the students and their mentor.
- Provide a minimum two page case-let each on the two best student projects (either prototype developed or commercialized) from the above list. The case-let should include:
- NATUROPLAST:
- Student team details (with contact information)
Mandeep Gulati (student)
Manav Rachna International Institute of Research and Studies
Mobile No- 78303446069
Email- gulatimandeep@ymail.com
Lakhvinder Kaur (Mentor and Assistant Professor)
Manav Rachna International Institute of Research and Studies
Mobile No- 9711045882
Email- lakhvinder.fas@mriu.edu.in
- Brief description about the student start-up
Naturoplast is an initiative to inculcate an idea of biodegradable plastics from underutilized natural resources. The newspapers and TV channels are flooded with the harms and problems the environment is facing. And one of the causes is pollution due to plastic usage. The under utilisation of the natural resources is another big problem. The production of the bananas is quite high and India ranks first among other countries in the production. Even after its usage and the export, still the bananas get underutilised. So, to reduce and curb the problem, the best possible way is the value addition. Nanowrap is one such product made from green banana. It is an innovative bioplastic wrap with improved physical and mechanical properties. Being cost effective, biodegradable, water soluble and high in mechanical strength “Nanowrap” possesses a high impact both socially and environmentally. It’s an ecofriendly package and a Green Initiative to build a Swacch Bharat.
- Startups entrepreneurial journey from ideation to prototype or commercialization along-with 2-3 high resolution photographs
Starting from just an idea to till date, it’s really been a long interesting and experience rich journey. It started a year back with the aim to recognise the problem and the use of already existing underutilized natural resources. With a lot of brainstorming and discussions, the major problem identified was the Plastic usage and its pollution. It’s been seen that already many steps have taken which had many cons again. Even studies shows that the biodegradable plastics have few shortcomings that “Naturoplast” startup have tried to overcome with the development of nanobioplastics with improved physical and mechanical properties.
- Contribution of NewGen IEDC in the same
The NewGen IEDC is the none other than back bone for us. It is the only constant support all throughout in this journey. Be it in terms of connecting with people, participation in various events, in economic aspects, NewGen IEDC was always there to support and give shoulders.
- Future plan
- Commercialisation of the Nanowraps.
- Development of the new packaging line.
- Clean and Green India. (Swacch Bharat Abhiyaan).
- Benefit to both urban and rural communities.
- THAP KRIDA:
- Student team details (with contact information)
Sahil Tanwar (student)
ManavRachna University
Mobile No- 8130833056
Email- sahil.tanwar@thapkrida.com
Mukul Phogaat (student)
ManavRachna University
Mobile No- 9711166567
Email- mukul.phogaat@thapkrida.com
- Brief description about the student start-up
The team is developing hyper-casual mobile phone games.
- Startups entrepreneurial journey from ideation to prototype or commercialization along-with 2-3 high resolution photographs
The team started in January, 2018 have developed 3 games and published them on google playstore and apple appstore. The first game gave them an idea about how things work and other game mechanisms, second game(toppl) helped them reach out to customers and know what are their likes and dislikes, third one(tile surf) the most recent one is now online and the team is trying to generate revenue out of this which will help them know the areas they need to target to generate maximum revenue.
- Contribution of NewGen IEDC in the same
Thap Krida got the best technologies as desired, that includes software license, assets, plug-ins, other equipment and the office space which helped them to work with a greater pace. The team also got mentoring on developing different business strategies and financials.
- Future plan
Write now we are a team of two. We will be developing hyper-casual games for next one year and try to generate revenue out of it. Then will move to 3D online multiplayer mobile games by hiring people which will help us to establish name for our company and then eventually we will enter the PC gaming by making games for Steam.
- NATURE’S DROP:
- Student team details (with contact information)
Anshu Jha (student)
ManavRachna International Institute of Research and Studies
Mobile No- 7840019633
Email- jhaanshu2311@gmail.com
Pranaw Jha (student)
ManavRachna International Institute of Research and Studies
Mobile No- 78303446069
Email- pranaw123jha@gmail.com
Mohit Dhariwal (student)
ManavRachna International Institute of Research and Studies
Mobile No- 8930991996
Email- mohitdhariwal3@gmail.com
- Brief description about the student start-up
Nature’s Drop is a startup working in the nutritional sciences for developing nutrition based health beverage for children and teenagers. Nature’s Drop is also preparing innovative moving carts to enable their customers have a taste of their beverages on-the-go.
- Startups entrepreneurial journey from ideation to prototype or commercialization along-with 2-3 high resolution photographs
The team started 8 months ago with 1 drink and has come a long way since then, developing 3 innovative beverages (till date) with unique ingredients and compositions. Their drinks have been tested in laboratories and are soon to be commercialized.
- Contribution of NewGen IEDC in the same
The NewGen IEDC has constantly supported the team all throughout in their journey. Be it in terms of connecting with people, participation in various events, in economic aspects, NewGen IEDC was always there to support and give shoulders.
- Future plan
The team aims to expand in terms of the number of beverages as well as clientage in the cities Faridabad, Gurgaon and Noida in the coming year.
- Minutes of the Advisory Board Meetings (held so far): Enclosed at Annexure 1
- Progress Summary:
1.
| Total number of Student Projects supported | 14 |
2. | Total fund provided towards supporting Student Projects | 2,500,000.00 |
3. | No. of Patents filed by students | 1 |
4. | No. of Patents Granted | 0 |
5. | No. of companies/Starts up Set up by Students | 2 |
6. | Social Impact Made, If any | – |
For Manav Rachna NewGen IEDC
(Dr. Monika Goel)
Chief Coordinator
Forwarded By:
For Manav Rachna International Institute of Research and Studies
Dr. N.C Wadhwa
Vice Chancellor
