International Institute of Entrepreneurship

Development (i2E)

By

Andhra Pradesh State Skill Development Corporation (APSSDC)

in partnership with

Northeastern University, Boston, USA

Admissions Notification for 2017-18

I. Background: Andhra Pradesh State Skill Development Corporation (APSSDC), in partnership with

Northeastern University, Boston, Massachusetts, USA (NU-IDEA), has established the International

Institute of Entrepreneurship Development (i2E) to rapidly build a vibrant entrepreneurship

ecosystem in the state of Andhra Pradesh. i2Econsists of world-class entrepreneurship

development centers (VDCs), supported by maker spaces, mentor and investor networks, e-clubs

and a host of other catalytic incentives, to:

a) Promote a culture of innovation based entrepreneurship

b) Build competencies through practical, hands-on experiential learning

c) Help empower entrepreneurs to launch successful ventures

II. Programs Offered: i2Eis inviting applications from young, dynamic and enthusiastic candidates,

who wish to pursue a career in entrepreneurship, to enroll in the first batch of the program

consisting of following two phases:

1. Certificate in Basics of Entrepreneurship (Phase-I)

a. Duration: 3 months

b. Eligibility: Graduate/under-graduate candidate from engineering / MBA stream

(refer “Additional Details” section of this document for detailed eligibility criteria)

2. Diploma in Venture Development (Phase-II)

a. Duration: 9-12 months total, including Phase-I

b. Eligibility: Graduate/under-graduate candidate from engineering / MBA stream

(refer “Additional Details” section of this document for detailed eligibility criteria)

Please note that only top 250 candidates graduating from Phase-I are allowed to enter into

Phase-II

III. Value Proposition to the Participants:

a) The intense one year program, spread over two phases, provides a highly competitive,

rigorous, hands-on, experiential learning to the participants, enabling them to start, develop

and launch their own business ventures.

b) The program leverages Northeastern University’s - NU-IDEA, a proprietary and proven

methodology, which combines academic instruction with experiential learning techniques, to

impart techniques and coaching necessary for participants to define/refine customer value

proposition, conduct market analysis, design solutions, business models/planning, financial

projections and investor pitches.

c) Promising venture ideas will be supported with prototype grants and interim gap funding.

d) Participants’ learning is supported by a carefully assembled collection of entrepreneurship

ecosystem activities, such as:

✓ Entrepreneurs Club (E-Club) led and run by students organizing several events

promoting an entrepreneurship culture on campus

✓ Entrepreneur Speaker Series by successful innovators, entrepreneurs and business

leaders

✓ Mentoring by successful business owners and executives from the industry

✓ Innovation Contests to promote a culture of innovation

✓ Pitchathons (venture pitching competitions)

✓ Investor Presentations (presenting to actual investors for raising money for the

venture)

e) Successful candidates are awarded a Diploma in Venture Development jointly by Northeastern

University and APSSDC

f) Top two candidates/ventures shall be sponsored for travel to Boston to pitch their ventures

in Northeastern University’s Husky Startup Challenge

(www.northeastern.edu/entrepreneurs/programs/husky-startup-challenge/)

g) Each student successfully completing the program shall get one transferable course credit

issued by Northeastern University (approximately USD 5,000 value).

IV. Program Structure and Stakeholders

i2E’s Venture Development Process consists of several components and is supported by a number of

resources, participating organizations and support entities as depicted above. The objective is to support

the individuals with business ideas to initiate and develop viable ventures and help them launch those

ventures into the real world. Participants go through the proven and proprietary NU-IDEA structured

instruction and coaching process, to refine their ideas and launch their venture.

Entrepreneurship Core Learning Modules

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E-Clubs Centers of

Excellence

Industry

(Public/Private)

Mentor/Investor

Networks

Venture Development Center (VDC)

Northeastern University‘s

IDEA Accelerator

(NU-IDEA)

International Institute of

Entrepreneurship

Development (I2E)

Entrepreneurship

Basics Modules

Phase I (Basics)

Phase II (Core)

Venture Launch

• Program orientation

• Phase-I of the program is 3 months long (on part-time basis) and shall cover: ✓ Business concepts ✓ Fundamentals of selling and

marketing ✓ Basic accounting ✓ Written and oral communication ✓ Entrepreneurial leadership ✓ Rapid prototyping

• This phase is to be completed in non-residential, part-time mode

• Continue to use i2Eresources, and

advice and guidance to raise money and

build venture

• Initiation of business idea

• Ranking/grouping of candidates based on their readiness with a business idea

• Certificate in Basics of Entrepreneurship

Note: A max of 250 students from Phase I qualify for graduation into Phase II

• Under this phase, in six months, ventures (full time, residential mode) are accelerated through Ready-Set-Go stages, including: ✓ Vet the business concept through real-

life customer validation ✓ Help design a solution ✓ Define and refine the business model ✓ Create a go-to-market strategy ✓ Scale the business and prepare the

venture for raising external capital.

• Students are assisted through learning the following modules and applying the knowledge to systematically develop their ventures: ✓ Innovation, Venture Ideation ✓ Market, Competitive Analysis ✓ Customer Discovery and Solution Design ✓ Business Model Design ✓ Financial Projections ✓ Writing the Business Plan ✓ Building an Investor Pitch

✓ Raising Money

• Demo Day: Launch-ready venture

• Prototype grant and gap funding for promising ventures

• Top two ventures to participate in Husky Startup Challenge at NU

• Diploma in Venture Development awarded by NU & sponsored by APSSDC to graduating students

• One transferable course credit issued by NU

• After graduation, i2Einfrastructure, resources and advisory services shall be available to ventures for approximately 3 months to help raise money and/or build the venture further.

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V. Ready-Set-Go Process: Proprietary NU-IDEA Ready-Set-Go process is the core element of the

program. The process adopts a structured approach to develop the business idea into a viable

business model, ready to be launched.

VI. Modules & Learning Methodology:

i2E’s Entrepreneurship Learning Modules are designed to support students through the preparation, venture initiation and acceleration processes, and provide them with instruction, examples and templates for developing their business ventures. Entrepreneurship Learning Modules are taught in two phases, namely, Preparatory Learning and Core Learning mapped with two program phases. Preparatory Modules provide students, drawn from different disciplines and backgrounds, with the basic knowledge and understanding required to start and build their own businesses. Core Learning Modules focus on specific topics required for moving an actual business venture through the venture development process. Core Learning will involve both classroom and experiential methods to allow students to get hands-on practice of what they are taught in class. Learning Methodology/Pedagogy: The learning modules designed by Northeastern University’s

Entrepreneurship faculty and real-world entrepreneurs, support the students through the venture

development process, and provide them with instruction, examples and templates for developing

their business. The modules consist of a series of multi-media segments, each focusing on specific

topics associated with that module, and are supported by self-paced online learning, complimented

by homework assignment, peer reviews, group discussions, and collaborative exercises inside and

outside the classroom.

i2EModules & Learning Methodology

VII. Ecosystem Support: i2Ewill develop entrepreneurship ecosystem at VDCs for the benefit of program

participants and promotion of entrepreneurship among general student body.

a. Mentor Network: Successful business executives and entrepreneurs in the area are formed

into a Mentor Network to take young and budding entrepreneurs of the Program under their

wings and mentor and guide them to succeed in their ventures.

b. Investor Network: When ventures have progressed through the accelerator and have

matured to be launched, various investor groups and organizations, such as, angels and VCs,

are invited to venture pitches to evaluate investment options.

c. Entrepreneurs Club (E-Club): E-Club is a student-run initiative at each of the VDCs that

engages and inspires students to explore the many paths towards becoming an entrepreneur.

The E-Club coordinates and conducts several programs and events throughout the year, such

as, speaker series, e-dinners, start-up competitions, pitch days, etc.

d. Centers of Excellence (CoEs): CoEs are either internally run resource centers, or affiliated

external research labs and knowledge centers that specialize in specific areas of technology,

domains, sectors or verticals. i2Ecollaborates and actively engages with such CoEs for drawing

upon their vast knowledge and expertise in specific areas of specialization for solving critical

business/industry problems. Students are exposed to such live problems to challenge and

encourage them to come up with solutions.

b. Local Industry (Private/Public) and Government Departments: i2Ewill cultivate relationships

with local industries, both in the public and the private sectors, businesspersons, government

agencies and departments to draw upon their expertise in specific areas of specialization for

the benefit of the program participants in their ventures.

VIII. Additional Details

Eligibility 1. Recently graduated engineers, MCAs and MBAs 2. Engineering: 3rd & final year students 3. MBA: final year students 4. BBA/BBM: Final year students

Admission process

Admission to Phase I (Certificate in Basics of Entrepreneurship) is open to all candidates meeting the general eligibility criteria. Candidates are evaluated throughout Phase I and will be screened for entry to Phase II (Diploma in Venture Development) based on the following criteria:

a. possess an innovative bent of mind, b. who think outside the box, c. possess leadership qualities, d. are able to build/work in teams, e. have excellent communication and presentation skills, f. a willingness to take risks g. a passion for building a successful business

How to apply Application Link: Student Registration Link at i2EWebsite

Registration Details for

If you have already applied, you will be contacted separately regarding commencement of classes.

Phase I (first batch)

If you haven't applied, open enrollment is in progress. Please register at http://i2e.apssdc.in.

Seats • No upper-cap (discretion of APSSDC) on the number of enrollments in Phase-I of the program, however only top 250 successful candidates to graduate into Phase-II

Instructors 1. Dr. Marc H. Meyer (Lead Instructor) - Robert Shillman Professor of Entrepreneurship; Matthews Distinguished Professor; Co-Director of Northeastern University Center for Entrepreneurship Education; Entrepreneurship and Innovation Group Coordinator, widely published, consulted and recognized globally in the fields of product, service and business model innovation and entrepreneurship Profile: www.marchmeyer.com

2. Prof Greg Collier 3. Mr. Greg Dalle-Molle 4. Mr. Krish Nangegadda Note: Brief bios of the instructors are enclosed at the end of this notification

Certification Phase Certification

I Certificate in Basics of Entrepreneurship, jointly by Northeastern University and APSSDC

II Diploma in Venture Development, jointly by Northeastern University and APSSDC

Program website

www.engineering.apssdc.in/i2E

Contact for any query

i2E@apssdc.in

Fee Structure Phase Program Fee

Registration INR 100/- (non-refundable; at the time of registration)

I INR 10,000/ - (non-refundable and inclusive of applicable tax)

II INR 50,000/- (non-refundable and inclusive of applicable tax); Boarding & Lodging shall be extra. Note: Having a laptop is mandatory for program participants; participants would be required to arrange for the same on their own.

IX. Brief Bios of Instructors:

I. Dr. Marc H Meyer, Robert J. Shillman Professor of Entrepreneurship, Matthews Distinguished

University Professor, Northeastern University Center for Entrepreneurship Education (NUCEE).

Dr. Meyer started Northeastern’s Entrepreneurship and Innovation Group in the College of

Business which is now ranked #4 in the United States for undergraduate entrepreneurship

education by Princeton Review. Dr. Meyer and his team have designed an experiential system for

entrepreneurship education called Educate, Incubate, and Launch including the IDEA incubator.

Dr. Meyer is also an internationally recognized scholar in the field of innovation. He has published

several books on product innovation including The Power of Product Platforms (written with Alvin

P. Lehnerd, The Free Press, NY, NY, 1997), and The Fast Path to Corporate Growth: Leveraging

Knowledge and Technologies to New Market Applications (Oxford University Press, 2007) and

articles in journals such as Management Science, Research Policy, MIS Quarterly, Sloan

Management Review, the Journal of Product Innovation Management, and Academy of

Management Executive. He was awarded the Maurice Holland by the Industrial Research Institute

for his research on managing product platforms. Dr. Meyer also has authored several teaching

textbooks including Venturing: Business Planning and Innovation Methods for Entrepreneurs and

Innovation: The Workbook, and co-authored a teaching textbook for Korea called Venture

Discovery. Dr. Meyer is a graduate of Harvard College and holds his graduate degrees from M.I.T.

He joined Northeastern in 1987. Over the years, he has been both a Visiting Associate Professor

and Visiting Scientist at M.I.T, a Visiting Professor at Delft Technical University (in the School of

Industrial Design), a Distinguished Visiting Professor at Nyenrode Business University, and an

Entrepreneur in Residence at Seoul National University of Science and Technology.

II. Prof. Greg Collier, D’Amore-McKim School of Business Center for Entrepreneurship (NUCEE)

Director of International Programs and Senior Lecturer of Entrepreneurship and Innovation and

Strategy. As a top rated professor, Collier’s focus is on competitive and corporate growth

strategies, as well as marketing and selling innovation. He is the former Assistant Dean of

Executive Programs and Lecturer in Strategy and Innovation at the Boston University Questrom

School of Business. While at BU, he was instrumental in strengthening the MBA Strategy

concentration as well as designing and implementing a similar concentration for the

undergraduate program. Before entering academia in 2008, he had a successful career in leading

strategic growth with firms such as Fidelity Investments, Electronic Data Systems, and General

Motors. Among his accomplishments, between 1989 and 2000 he launched and developed EDS’s

manufacturing practice in the Asia Pacific region. He was also responsible for significant growth

initiatives with Fidelity Capital Management. Collier left the corporate arena to start several

successful entrepreneurial ventures. Collier earned his MBA at Eastern Michigan University and

an undergraduate degree in computer science and electrical engineering from Purdue University.

He also received a degree in International Business from Thunderbird University.

III. Mr. Greg Dalle-Molle, Director of Operations for the Northeastern University Center for

Entrepreneurship (NUCEE). He has operational responsibility for the IDEA Venture Accelerator

including the IDEA incubation process, and key relationships for IDEA in the entrepreneurial

community of greater Boston. He has spent over five years mentoring IDEA companies on product

development and go-to-market strategy. For the past three years he has focused on systems

design and operations for the entrepreneurial programs. This has led the launch of Northeastern

University’s Mosaic ecosystem environment, driving interdisciplinary interaction between

student-led organizations that will add value to the entrepreneurship community and the

ventures it incubates. Prior to coming to NUCEE, Dalle-Molle was the Director of Business

Development for a FinTech software development firm. He started his career in retail and

institutional investment with MFS Investment Management. Dalle-Molle earned a graduate

certificate in Business Administration, and Bachelor of Science in Finance and Entrepreneurship

at Northeastern University.

IV. Mr. Krish Nangegadda, a global entrepreneur, business leader, entrepreneurship coach and

mentor, is currently CEO of MerWin Growth Partners LLC, which provides business strategy

consulting and advisory services to founders and small businesses. Nangegadda is a member of

the Advisory Board of NU-IDEA at the Northeastern University, and an active member of

Hyderabad Angels, through which, he invests in and advises early stage start-ups. Starting his

entrepreneurial journey in Vijayawada, India three decades ago, Nangegadda founded,

bootstrapped and built global technology enterprises in India and the US. His businesses earned

recognition consistently in the top 100 fastest-growing private companies in North America.

Nangegadda earned his Bachelor’s degree in Electronics and Communications Engineering from

JNTU Anantapur and attended Northeastern University’s MBA program.