Welcome to the

INTRODUCTORY SESSION!

• Tilawat• Welcome Address – Dr. Shahid

Qureshi• Introduction to Invent – Dr. Zahir &

Mr. Azhar • Q & A• Vote of Thanks – Dr.

Shahid Qureshi

Agenda

Introduction Outline• Entrepreneurship and Innovation• Objectives & Myths• Eligibility & Registration• Process• Ideas & Grading• Awards• Summary• Q & A

Entrepreneurship & Innovation

• Entrepreneurship: – “Pursuit of Opportunity beyond the resources that you

currently control” (Stevenson)– Stimulates Economic Growth and Employment– Traits: Creativity, dedication, determination, flexibility,

leadership, passion, self-confidence, and “smarts”– Process: Problem/Need, Opportunity, Team, Funding,

Solution, Go to market, Ramp up, Exit

Entrepreneurship & Innovation

• Innovation: – Coming up with Something New & Applying it– Improves the Quality of Life– Only way of Sustaining Competitive Advantage– Types

• Adoption• Adaptation• Creation

Objectives• Develop the next generation of Entrepreneurs• Hands on Training:

Business Plan (BP), Executive Summary (ES), Elevator Pitch (EP) and Presentation (P)

• Enhance Academia - Industry Collaboration • Enhance Collaboration between Universities • Establishing BPC projects can be viable

businesses.

Myths• Entrepreneurship is only for Business Majors• Business Majors only participate in Business Plans

Competitions• CEO’s, CFOs and CMOs are Business Majors• Engineers ---- All other majors are low form of life• Business, Arts ---- Engineers/Sc Majors are nerds

Eligibility & Team• Bachelors /Masters/PhDs• CEO, CFO, CMO, CTO & Dir Operations•At least 1-2 Business Majors, 1-2 technical, other disciplines’ majors. • Domain expert.

Registrations• Individuals• Idea• Registration of complete five member team using the SRN.

Process

Activity Starting Date End Date

Round 1:

Introductory Session 10-Mar 28-Mar

Ideas Registration 01-Mar 15-Apr

Round 2:

1-Day BP Workshops & Short listing of Ideas 7-Apr 21-Apr

ES and EP Preparation and Submission 7-Apr 6-May

Short listing & Mentor Assignment 6-May 14-May

Process (Contd.)

 

Round 3:    

One-on-one mentoring of teams on BP &

14-May 10-JunPreparation and Submission of BP and DP

Short listing finalists based on BP & DP 10-Jun 25-Jun

Round 4:

Mentoring on Presentation Skills & Finalization & Submission of P 25-Jun 30-Jun

Final event: Presentations, Judging, Selection of winners and awards 30-Jun 30-Jun

Ideas (Preference & Sources)

• Addresses Pakistani Problems• Is for the masses• Preferably from the Industry• From Domain Experts• From the Faculty. • From the Internet.

Idea Grading  Marks

Real Problem/Unmet Market Need 25

Target Customer Identification 10

Market Size Identification 5

Novelty of Idea 25

Workability of Idea 15

Clarity & Preciseness of Articulation

20

Total 100

Agri-preneurship

Techno-preneurship

Social-preneurship

Other-preneurship

Awards 

Invent 2012 

Breakup

Per Team (Rs.) Per Team (Rs.) Per Team (Rs.)

Cash Prize Startup/Seed Money

Total

Each Category

Winner 100,000 500,000 600,000

First Runner Up

75,000 400,000 475,000

Second Runner Up

50,000 300,000 350,000

Category

Summary

• Hands on training for next generation of Entrepreneurs

• Enhance Collaboration among Universities

• Enhance Collaboration with Industry• Work towards arranging seed funding

for top teams

Thank youQ & A