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Launching of MBA Start-up An Appraisal and Feasibility Report

Launching of MBA Start-up An Appraisal and Feasibility Report. In all leading and famous American Universities and Institutes freedom of academics is a top priority .

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Launching of MBA Start-up An Appraisal and Feasibility Report

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  1. Launching of MBA Start-upAn Appraisal and Feasibility Report

  2. In all leading and famous American Universities and Institutes • freedom of academics is a top priority . • That freedom of academics is necessary for talent growth and nurturing it and above all it laysthe foundation stone for peak success of the individual and the institution. • The Start-up school should consist of seekers and dreamers that leads them to be inventors.

  3. The most glaring, dashing and most successful examples are MIT Institute and the Standford University and A & M Texas University Austin and John Hopkins School of Medicine respectively. It is not a question of aping them but it is a question of emulating them.

  4. REVOLUTIONARY ACAMEDIC MODEL. This is a conception of revolutionary academic model. The key highlights are +2 Pass is the minimum entry and it can go upto a PhD qualification. In other words qualification should not be set as a barrier. Even a child studying 8th standard or 7th standard and if he/she is found that he/she is a prodigy, they can also be admitted in this MBA startup programme. This is a program that offers mentorship guidance, and resources tailored made to the student. This start-up should drive discovery innovation improvisation and invention.

  5. The Power of Achariya Start-ups Incubating ideas, Driving Insights, Ignite and Innovations and Creating Leaders.

  6. Impact factor of this programme. Innovations, Improvisations and Inventions will address the Global and humanitarian problems that needs to be solved such as : • Organic Rejuvenation • Sustainable Energy • Urban Resiliency • Fresh Water • Cancer • Alzheimer • Parkinson • Biotechnology • Engineering Sectors, in the world and a host of other engineering sectors especially non-conventional energy area. The most important thing of this start-up is that even can admit doctors, encourage cross cultural startups and the inter disciplinary startups.

  7. The only qualifications are not paper qualifications but following are important: • Attitude • Temperament • Passion for innovation and invention • Passion for excellence • Perseverance • Patience • Resilience • Technological savy • Commercially sharp

  8. Academic Delivery • The Academic delivery will not be through books or lectures which are conventional and will not serve any purpose, for this programme. • The candidates will be conducted a psychometric aptitude test. The is the first filtering process will be conducted by panel of experts and that initial proposal will be assessed by the panel and the candidate will be selected. • A personal interview will be conducted wherein the candidate will submit the initial proposal. • The duration of the course is for one year. It can also be finished within one year, the minimum time span for finishing is six months. • The admission process is round the clock throughout the year.

  9. Mentoring Process: • When a candidate is chosen for this cause his portfolio or area of research should be assessed. Then his research proposal should be sent to a list of mentors who have specialized in this area. • Then that mentor should have an interaction with the student and then both the mentor and the mentee should come to a consensus on the following: The Subject Topic The Methodology of guidance The Mentoring Process

  10. Duties of the mentor: After one month of the enrolment, the mentor should constitute a mentoring committee wherein the mentor and the mentee will jointly present to that committee will evaluate the progress of the project. When the project reaches a final shape of a Business proposal then it is presented to the Board of Angel Investors. Once the funder comes forward for investing and once the agreement is signed the company registration starts. Once the company proposal is accepted the company registration process is started, and when the CIN number comes and all corporate legal formalities are compiled with the company is floated with the following Board members. • The Achariya mentor-CMD • Mentee- Executive Director • Angel Investor- Finance Director • Independent Director • Under this a team has to be formed under the daily supervision of the Executive Director and the financial supervision of the Angel Investor as per the covenants of the companies Act 2013, to conduct the day to day affairs of the company and the Board will decide on important issues as peer the MOA and the AOA.

  11. The share holding pattern has to be as following • CMD – 21% • Director – 20% (Madam) • Mentee – 20% • Angel Investor – 39% The Angel Investor can bring in money both in the form of Equity and Debt. Angel investing the options are as follows (Let us say after three years) • Option A The Angel Investor himself takes over the company after negotiating the share price. • Option B The mentee / start-up investor takes over the company. • Option C The CMD takes over the company and manages the operations. • Option D At a later date the CMD sells the company to a new set of promoters, this is as per the sole discretion of the CMD.

  12. Digital Support It is a high time that we have solid digital support. The following are the things be started with immediately with strong digital team with strict deadline. • Launching of an appealing website with lot of clarity and information. • App Development • Digital Marketing • Instagram • Other new methodologies which have come from time to time. This process has to be taken on a war footing and a media team has to be formed to act immediately. • Other modes of digital marketing have also to be explored like facebook, twitter etc • The digital marketing exercise has to be very aggressive and FAR reaching to all the corners of India and the world.

  13. PLACE OF LAUNCHING • The place of launching of this programme should be in the college campus & it should be well furnished with all modern amenities and it should have the ambience of an incubation lab and it would facilitate the startup students to consult & also discuss with their mentors Systems have to be installed or to the student a free laptop can be given as an incentive, if needed. • Regarding the usage of equipments for experiments by the startup students it is hereby stated that we can make tie-up with companies and also use the mentors with their contacts for usage of lab facilities in our initial stages. That is why the START-UP Exchange is going to be launched. • When the momentum picks up, then we will come to know that what type of startups are becoming popular and then we can make a judicious decisions of Capex for the enrichment of our incubator and incubating facilities. • We also have to make tie-up with IIT Research Park and for advanced research. This can be done hopefully with the help of leading mentors and Board of Governors.

  14. PSYCHOMETRIC TEST Regarding the screening of candidates a psychometric test and a psychological aptitude test has to be conducted. Its better we hire a consultant to design the test so that the aptitude & the attitude and the passion for executive can be assessed in a lucid manner.

  15. PRICING OF THE PROGRAM • The maximum duration of the programme is 12 months. • The cost of the programme can be pegged at 12 Lakhs. • The candidate has the liberty to finish the programme within a minimum span of 6 months & a maximum span of 12months. • This 12 lakhs is refundable to the students on the following terms & conditions. • He should have successfully completed the conversion of the ideation process, into a tangible business proposal which is acceptable to the funding agencies namely, The Angel Investors. • Once, he is inducted into the Board of Director of his company he will be given shares worth Rs. 12 lakhs it would be refunded and also the extra value of the share commands at that point of time, would also be given. Apart from that there would be a share in the profits, salary, perquisites etc. • This is the unique pattern of attracting the candidate to join our programme and also at the same time of motivating him to come out successfully in a startup venture.

  16. CONFERRING THE DEGREE • The degree will be conferred (PG Diploma, in management of Startups) once, the business proposal is accepted and the company is formed and when the candidate is inducted into the board. • On the day of the inauguration of the company the convocation will also be held and the degree will be conferred to the candidate.

  17. ENCASHMENT OF TALENT • The programme is an unique programme wherein the minimum age limit to join this programme is 10 years and maximum age limit is 30 years. • This demographic age segmentation is based on the model like Vijay TvAirtel Super Singer Junior & Senior. • For the seniors & juniors the same process can be held, and when a kid finds something sensational he will be inducted into the board as a minor with his parent as a legal guardian. That is the only difference.

  18. Budgeted-Expenditure Meeting Expenses • Board of Governors meeting • Board of Mentors meeting • Board of Angel Investors meeting Meeting will be held in Chennai or Pondicherry

  19. Option I.Revenue Collection for 50 students (I year) Revenue (50 students x 12L) = Rs. 6,00,00,000

  20. Option II.Revenue Collection for 75 students Revenue (75 students x 12L) = Rs. 9,00,00,000 (II year)

  21. Option III.Revenue Collection for 100 students. Revenue (100 students x 12L) = Rs. 12,00,00,000 (III Year)

  22. FULCRUM OF THE PROGRAMME • Board of Governors • Board of Mentors • Angel Investors

  23. Board of Governors

  24. Dr. J. Arawindhan Chairman of the Board

  25. Mr. SudharshanVenu Joint Managing Director (TVS Motor Company India) Mrs. Aparna Ram Mohan Managing Director (Sri Satwa Group) Miss. Akila Rajesh Executive Director (TiE Chennai)

  26. Mr. C.K. Ranganathan Chairman (Cavinkare Group of Companies) Mr. V.S Sriram Advisor/ Consultant (Technology Services And Digital Business) Miss. RichaKar Founder (Zivame)

  27. Mr. Vijay Shekhar Sharma Founder & CEO (Paytm) Mr. PhanindraSama Founder (Red bus) Mr. Amit Jain Founder (Car Dekho) Mr. KishoreBiyani Founder (Bigg Bazaar) Mrs. SwathiPiramal Founder (Piramal Health Care)

  28. Mr. AzimPremji Chairman (Wipro Limited) Mr. ShivNadar Chairman (HCL & ShivNadar foundation) Mr. VellayanSubbiah Managing Director (Cholamandalam Investment & Finance Company) Miss. DevitaSaraf CEO (VU Technologies)

  29. Mr. ShauryaDoval Managing Director (Zeus Caps) Mr. Y.K. Bhushan (IBS, Business School) Mumbai

  30. Board of Mentors

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