I wanted to share my experiences on a recent event that i attended at NIT Trichy named "Startup Weekend" which i'll cherish forever!
Date: 15-17 September, 2017
Venue: LH09, NIT Trichy
The event was organized by the Entrepreneurship cell of NIT Trichy. It was a 54 hours event which involved “NO TALK ALL ACTION” Concept. In just 54 hours we experienced the highs, lows, fun and pressure that made up life at startup. We learnt how to create a real company, we met the best mentors, investors, co-founders, and sponsors who were ready to help us get started.
Day 1 – 15 September, 2017
From TSM, myself (Jeyapriya K, Jeyalakshmi, Meenakshi and Surya kumar) went for the startup event. We reached the venue by 5:45PM when the event had been half way through. We were given certain words, teams were formed and were given any 2 words from the board with which we need to develop a business idea and present. My team got “AI and Engines”. We came up with the idea of “Self-healing machines using AI”. The concept was, there are too many derailments and accidents happening, so as a cure we proposed the idea of self-healing machines which heals itself when a mishap occurs. After the pitching this idea for 60 seconds which were a mock pitching we then proceeded to the live 60 Seconds pitch for the day. There were 100 participants out of which 60 people pitched their business ideas and 11 ideas were selected via a sticky note voting idea. We then formed teams to our favorite idea and then started working on the business model canvas which we were asked to submit before the next day 8AM. And we worked on this idea for the next 2 days. We were allotted guest houses which were too comfortable (AC rooms which looked similar to 5 star hotels) and the level of security they provided in taking us to guest houses using cab accompanied by a senior was too good, which showed the level of care they showed for the guests.
Day 2 – 16 September, 2017
The day started at 8:15AM where we had our breakfasts and started building our business plan. We had 7 Mentors from various fields like Marketing, IOT s/w h/w animation DVD manufacturing auctioning, person who had innovation Centre, sales person, person proficient in product management and person who run snack business. We spoke to Dorai, Arul, Natasha and Seyed Ahmed Kabeer who gave us various inputs on the topic Homemakers which we planned to work on. We did financial calculations, analyzed marketing strategies and did presentation to be presented for the next day.
Day 3 – 17 September, 2017
The day started at 8:30AM, we geared ourselves up for the final presentation that evening. We had mock presentation in the order of lots picked by us. We were the 4th team to present; they gave a suggestion that we had no clear business model. We had only half hour time to submit our presentation, it was 2:30PM then, we motivated ourselves and worked faster on the flowchart and completed the presentation. We then presented around 5:45PM as 4th team. The presentation was done by Sashvat and Adithya who did an extraordinarily a good job. We were questioned about how we are going to work on both cooking and tutoring which are both diverse fields and was advised to take care of any one field. We finally won the second place and were given the certificate of excellence. We were said that we would receive funds if we wanted to implement the idea immediately.
And finally, Memories die hard!
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