Day 1 – Meet
Every successful individual knows that his or her achievement depends on a community of persons working together – Paul Ryan
The Adianta School of Leadership and Innovation (ASLI) is now on the brink of starting their very first start-up incubation program under the Startup Tunnel. Wow! What a moment. We now have a buzzing group of 17Â start-up entrepreneurs enrolled into the Startup Tunnel (STun), the Adianta Schoolâ€™s very Â first start-up incubation program. Persistent effortsÂ over the past couple of months has resulted in this rewarding experience for all of us over this course of time we haveÂ interviewed more than 50 start-ups. Down to just 8 start-ups,Â we areÂ about to begin our day with these STunners, who streamed into the Vihara Innovation Campus, eager to know each other and explore the space whichÂ they were going to be part of in the upcoming months…
We began with a session in the lawns – ice-breaker, which eventually turned into a discussion on risk taking appetite, the joy for solving problems and much more. Know more about it later in this post…
We began with a session in the lawns – ice-breaker, which eventually turned into a discussion on risk taking appetite, the joy for solving problems and much more.ButÂ the Delhi weather outside was numbing; and a steaming cup of tea could not blanket us against the chilling breeze, (low on ammunition) we decided to slowly make our way inside where the focus shifted to a business modelling canvas neatly pinned onto the glass walls lining the CKS-work-space. Incubatees were eager to grab a set of sketch pens and color the blank sheet in hues they knew best. What came through was a canvas filled with well articulated thoughts from each of the teams on their key partners, value propositions, customer focus and cost/revenue analysis.
Speaking to the limitations of the business modelling canvas, additional questions brought up by the Stunners around.The inspiration behind a start-up idea, the motivation to stay in the game and the definitions of success, were then sequentially answered as a means of cross-examining business model. We were excited about the prospects of the start-ups, the problems they promised to solve, and the opportunity to be part of their efforts.Â The Stunners were further encouraged to share in detail their experiences in designing, solving problems and innovating new concepts in a discussion about their key partners, value propositions, customer focus and cost/revenue analysis as a result of the business modelling canvas.
STun offers a combination of insights on product development and start-up operations aided by mentor sessions, investor interactions and seminars on the same. In this regard, the evening session on ethnographic research sought to highlight the demands of customer needs and behavior. In the ASLI room, incubatees came forth to share the supplementing research methodologies they had sought help from to stitch a start-up.
We were glad to host these young, enterprising people on the Vihara Innovation Campus a high five! to all the awesome moments we shared and the start-ups we have partnered with; these being :
Day 2 – Greet
We eagerly looked forward to this day as our carefully crafted crew of mentors joined us to share insights from learnings they saw in the relevant choice of expertise. Speaking of competitors and thinking out loud on how a few changes could affect the model profitably.The STunners gathered around to express their set of ideas to mentors, but before that, we thought it would be great to start off by relaxing with game of free association.
Stunners and mentors were asked to form a circle, a ball was thrown around;Â urging its recipient toÂ say a word in reference to the theme chosen beforehand. For example, a themeÂ onÂ design urged participants to mention keywords such as ease of use, inventions, efficiency, style, trendy etc. The free association activityÂ revealedÂ mutual interests unveilingÂ a chain of thought . We were speaking to each other in ‘few’Â words whilst delving into territories our minds glided – resulting in a bubble of thoughts.
Meeting the mentors and pitching their ideas to them gave the Stunners a definitive understanding of how they were approaching their projects with respect to the business model -Â yet to beÂ offered to the customers. Questions Â from the mentors paved way for better clarity of thoughtÂ and it is pertinent to mention here that some of the Start-ups impressed their mentors — as was evident in later discussions.
The pitching session was followed by a speed-mentoring session, in which the incubatees met their mentors, for 5 minutes face-to-face, explaining to them their business models with essential details. These ‘mentor dating sessions’ came to a close as we moved outside for a few drinks around the bonfire and more networking…
Before we wrap up this post, we would like to spread word of this one-of-a-kind incubator program.Â YourÂ love your support in spreading the word, and introducing us to other start-ups looking for mentorship and further assistance in their start-up journey is important. We intend to inspire, empower and connect entrepreneurs who are on the verge of addressing complex problems with effectively simple solutions.If you would like to share ideas, brainstorm with us, or give us your feedback, we urge you to drop us an email.
To all those who have already been a part in this endeavor, thank you for being here, …hugs,hugs and more hugs…and till next time, AdiÃ³s!