edthrive2018-blog

[edthrive2018-blog]

LAST MINUTE INSTRUCTIONS!

Kindly carry your laptops, pendrives and proper internet connection tomorrow to avoid any last minute trouble!!

Venue- Audi block, ground floor

Time- 6:45-7 am

ALL THE BEST.

[edthrive2018-blog]

THE FINISH LINE!

Artificial intelligence (AI) is rapidly changing the way businesses build products and even provide customer service. It is a branch of computer science that aims to create intelligent machines. It has become an essential part of the technology industry.

These quantum leaps in technological advances present both opportunities and challenges.

As working out becomes increasingly popular, it creates new opportunities for entrepreneurs in the country. The recent study reveals that AI could double annual economic growth rates in 2035 by changing the nature of work and creating a new relationship between man and machine. The impact of AI technologies on business is projected to increase labor productivity by up to 40 percent and enable people to make more efficient use of their time.

 Artificial intelligence can do more than make us smarter–it can make us healthier. In recent times, fitness companies are seeing the benefits of AI to help users reach their health goals. They cover everything from skin health to AI coaching to virtual reality Holodeck-style exercise programs. With each passing year, we see AI integrate even deeper into our lives, and they are offering benefits all around for humanity.

As working out becomes increasingly popular, it creates new opportunities for entrepreneurs in the country.

The blend of AI and fitness is the new thing in the market. Fitbit, Pulse Trackers etc. are a perfect example of fusion of AI with the healthcare and fitness industry.

One of the most intuitive ways that AI is taking over businesses and the fitness industry in particular is a behavioral algorithm that can track (and even forecast) health behaviors and repetitive exercise patterns. Artificial intelligence can help consumers become smarter and healthier using these other smart applications.

 TASK AT HAND:

Your task at hand is to come up with a new product or service which involves the use of Artificial Intelligence and which caters to the healthcare and fitness sector.

Your product or service should aim at serving the people of age group 16-35

 NOTE: The panel of Judges will be potential investors who will throw deals at the participants to invest in their product or company. The participants are required to accept and negotiate the most profitable deal out of all the deals stated by the investors.

DELIVERABLES:

Executive Summary (Industry Profile, Idea, Vision, Mission, Objectives)

Phase wise Implementation Plan

Feasibility Study (SMART Analysis)

Competitor Analysis (Market leaders and your position)

Market Survey

Marketing Strategies (SWOT Analysis, STP Analysis, Conventional and Unconventional strategies, Marketing Budget in units and Promotional Events)

Future Strategies and Expansion Plan

Comparative analysis

Detailed Finances (Source of funds, allocation of funds, Investment amount, Expected Returns, Break Even Point, Revenue model with monthly revenue and per unit revenue, margin per unit/ profit per unit, Valuation of the Company, Stake offered to investors)

Any other extra deliverables as per participants discretion (Poster etc.)

A ppt of not more than 10 slides

Your report should not be less than 12 pages. Make sure that you have proper margins and page numbers on your report. Your page number should start after the index. The report should be printed back to back (except the index and the cover page)

Your report should be compiled in a stick file and should reach us maximum by 7:00 am sharp in the morning.

ALL THE BEST! GIVE IT ALL YOU HAVE!

[edthrive2018-blog]

TOP 5!

CONGRATULATIONS ENTREPRENEURS,

We are really proud of each and every one of you. Tomorrow is a BIG DAY and we hope that what we have taught you till now pays off.

The TOP 5 (in no particular order) are:

PVN 06

PVN 11

PVN 44

PVN 46

PVN 60

ALL THE BEST ENTREPRENEURS! Make us Proud :’)

[edthrive2018-blog]

SWIMMING IN THE DESERT?

Spandex is one of the world’s leading suppliers of materials, sign systems, displays and equipment to the sign making and graphics industries. It is also one of the leading brands for swimwear for women.

Recently it as found out that 5 women in Riyadh (Saudi) were found owning and wearing revealing Spandex swimwear. Their pictures were leaked out in the public which agitated both the public and the government of Saudi for violating the law which states that Women should wear conservative, loose-fitting clothes and be dressed modestly. They are also prohibited to wear tight, revealing clothes and if someone was found doing so, they are entitled to strict punishment like a death penalty.

The company has been accused for selling the swimsuits to these women thus violating the Saudi laws.

Task at Hand:

You are representing the official of the Spandex company and you have to defend your company in front of the public and the representatives of the state.

You are also required to launch a new product line in the Middle-East countries to rebuild your reputation and image which you had lost due to this incident.

[edthrive2018-blog]

ROOM ALLOCATION!

Participants,

You are required to come to room 4508 (Fourth Block, fifth floor) at 4 pm sharp for your presentation today. Make sure all of you have your hard copy of the overnight task.

Please be on time Entrepreneurs, we have a SURPRISE for you!

ALL THE BEST! 

GIVE IT ALL YOU HAVE TODAY! IT WILL BE WORTH IT!

[edthrive2018-blog]

CHALLENGE THE LOOP!

Make no mistake, Hyperloop is potentially the biggest innovation in transportation in a century-since the commercialization of air travel. It's going to make hundred-mile journeys faster, easier, ad cheaper. And by making it possible for workers to commute hundreds of miles each day, it will inevitably lead to massive changes in where people live, hiring, and the ways companies organize teams.

Hyperloop is a radical, yet untested means of travel proposed by maverick entrepreneur Elon Musk. It involves travelling in pods through a sealed pipe at speeds that could touch 1,200 km/hr, making it faster than a jet aircraft. These speeds will be possible due to a largely friction less environment, minus any physical contact or air resistance.

Supporters argue that Hyperloop could be cheaper and faster than trains and car travel, and cheaper and less polluting than air travel. They claim that it is quicker and cheaper to build than traditional high-speed rail; as such, Hyperloop could take the pressure off gridlocked roads, making travel between cities easier and potentially unlocking major economic benefits as a result.

The Maharashtra government has approved the Hyperloop project between Pune and Mumbai as a public infrastructure project, aiming to cut the travel time between two destinations to 25 minutes. The government will invite global firms to challenge the original bid placed by Virgin Hyperloop One for the project.

Task in hand:

You as a representative of any firm of your choice that has the potential to take up this project will have to come up with a Business Plan and pitch your proposal to the Maharashtra government challenging the bid placed by Virgin Hyperloop One.

Deliverables:

Come up with a Hyperloop transport technology

Executive Summary (concept, key features, vision, mission)

Operational Plan

Phase wise implementation plan

Feasibility Study (SMART Analysis)

Potential partner/ tie up’s

Market Survey (SWOT, 7 P’s)

Marketing Strategies (Unconventional Strategies)

Contingency Plan

Comparative analysis with Virgin Hyperloop One

Detailed Finances 

Any other extra deliverables as per participants discretion

Submission:

The soft copy of the task has to be submitted before 9 am on 28th November (tomorrow). Hard copy has to brought along with the participants while coming for the pitch at 3 pm.

ALL THE BEST ENTREPRENEURS! Give it all you have. Remember, you have one day to the Finale, all your hard-work will be worth it.

[edthrive2018-blog]

HALL OF FAME!

The following participants have made it to the TOP 7 of The Erudite (in no particular order)

PVN 06

PVN 11

PVN 38

PVN 44

PVN 46

PVN 49

PVN 60

Congratulations Entrepreneurs! The road is tougher ahead.

For those who haven’t qualified, do not be disheartened, you made us really proud by coming this far.

[edthrive2018-blog]

ATTENTION ENTREPRENEURS!

Participants,

You are required to follow gtthrive2018 as soon as possible for your group task updates.

[edthrive2018-blog]

ROOM ALLOCATIONS!

Participants,

You are required to report in room 901, Audi block (first floor) at 4pm sharp for your rounds today.

Make sure you all are seated with your respective WM partners for the collab round.

Please be on time and get your hard copies for both the weekend tasks if you have not submitted it already.

ALL THE BEST!

[edthrive2018-blog]

REMINDER!

Participants,

You all have to submit the hard copy of the ‘Top Gear’ (Nepal Automobile Market) task to Rishabh in 4BBA B before 9am without fail.

The participants who do not submit the hardcopy will be marked only out of 50% of the total marks alloted for this task.

ALL THE BEST entrepreneurs and oh, Goodnight :-)

[edthrive2018-blog]

UPDATE!

Participants,

For those who were getting confused with the difference between implementation plan and operational plan, here is what you need to know:

Implementation plan explains how would you set up the business. For example how will you go about building the production facility etc.

Operational Plan explains how you run the business. For example what are your services, schemes etc

All the Best!

[edthrive2018-blog]

Collab_Bob the Builder!

A landscaped development usually comprising of high specification office space as well as residential and retail developments, designed to encourage localisation of high technology companies such as information technology, software development etc., thereby giving each the benefit of economies of scale. Usually, technology parks are located outside the inner city areas as these are quite land intensive in nature.

Electronic City is an information technology hub in Bangalore, India, located in Anekal taluk. It is one of India's largest electronic/IT industrial parks, spread over 800 acres (3.2 km²) in Konappana Agrahara and Doddathogur villages in Bangalore. It consists of four zones called phases – Phase I, Phase II, Phase III and Phase IV. Electronic City was established by Keonics, Karnataka Electronic, a pioneer in information technology infrastructure development. There are approximately 200 IT/ITES companies located in Electronic City, which include main campuses of IT/Bio-tech majors Infosys, Wipro, TCS, HCL, Tech Mahindra, Biocon etc. 

It is an organization managed by specialized professionals, whose main aim is to increase the wealth of its community by promoting the culture of innovation and competitiveness of its associated businesses and knowledge-based institutions. To enable these goals to be met, a Science Park stimulates and manages the flow of knowledge and technology amongst universities, R&D institutions, companies and markets; it facilitates the creation and growth of innovation-based companies through incubation and spin-off processes; and provides other value-added services together with high quality space and facilities.

Task at Hand:

You are required to construct a Tech Park, the park should be able to accommodate multiple High-Risers and an extensive residential colony. Entrepreneurs, you are addressing a Conglomerate of IT Companies who are looking to set up their Headquarters in your property. You must seek an investment for your Business Plan.

The report should include but is not limited to the following deliverables -

- Executive Summary

- Location Analysis

- Market Survey

- Feasibility Analysis

- Competitive Analysis

- Operational Plan

- Human Resource Plan

- Marketing Plan

- Phase wise Implementation Plan

- Legal Requirements

- Contingency Plan

- Expansion plan

Financial details should include -

- Detailed Cost Break-up

- Human Resource Budget

- Marketing Budget

- Initial Year Expenditure/ Operational Expenses

- Revenue Model.

- Break Even Analysis.

- Share-Holding Pattern

- Contingency Plan Budget

- Expansion Plan Cost

You are required to prepare a collaborated report (PDF) of not less than 15 pages and a PPT of not less than 10 slides.

 Submission Details:

- Soft Copy submission before 9am, 27th November, 2018

- Hard Copy submission at 3pm, 27th November, 2018

For any further queries please contact the Event heads.

ALL THE BEST!

[edthrive2018-blog]

RING RING !!!

Rupesh Lahoti, a Junior Analyst in Accenture with an annual package of Rs. 9 Lacs pa has a joint family of 6 people which includes his parents, wife who is a homemaker, 2 children who are studying in a reputed high school.He resides on the top floor of Roop Apartments at Rama Iyengar, VV Puram. Rupesh has a very stressful life.

In the competitive world where sales play a huge role, you as an entrepreneur need to have that convincing power to sell anything.

Task in hand:

You have to sell three things which are as follows:

1) Floral Perfume worth Rs. 2000/-

2) Royal Club Membership worth Rs. 70000/- pa

3) An Air Conditioner floored at Rs. 40000/-

This is a calling task. Entrepreneurs you will be given 6 mins to speak.

You are required to call the following phone numbers assigned to you between 9pm to 9.30pm today.

+91 95359 64053- PVN 14, PVN 28, PVN 29, PVN 39.

+91 9462830733- PVN 11, PVN 44, PVN 49, PVN 60

+91 9741303103 - PVN 6, PVN 22, PVN 35, PVN 46

+91 8792863933- PVN 23, PVN 38, PVN 52

[edthrive2018-blog]

UPDATE!

As so many of you are facing problems with your Finances, here are some pointers to help you.

1. Company Valuation: The economic value of the company.

2. Method to Company's Valuation: Determine the CAGR value for the concerned industry in the country. Divide the Net Revenue with the CAGR value. The resultant value is the company's value at that corresponding time.

3. Finances to be calculated only for the units planned by you in the B-Plan( and not for the entire company)

[edthrive2018-blog]

UPDATE!

Participants,

The panel of judges who you will be pitching to will be representing the Nepali Government as well as the board of directors.

We hope that you are working really hard on your task and we cannot wait to see what you bring to us.

For any more queries, don’t hesitate to call any of us. ALL THE BEST!

[edthrive2018-blog]

For those who do not know how to do a press release can refer to this sample. We would suggest you all to also ask your friends who are in PR to help you for the same if you have any doubts.

ALL THE BEST!

[edthrive2018-blog]

Entrepreneurs,

Since the competition is getting more tough by the days, here is another Business Plan to help you to make your reports. We request each one of you to refer to this and give follow the same format.

Also note that now we would be focussing more on the details of your Business Plan, please make sure you do not make any silly errors.