FTV Startup Hub Academic Startup Initiative Jan 2017
FTV Startup Hub: Academic Startup Initiative Jan 2017
Objective: Get Vizag on international Fin. Tech startup map • Challenge: Coming from behind, will need extremely compelling programs to attract startups • Objective: Establish Vizag as THE place for Fin. Tech startups • • • Create compelling programs that attract global startups On lines of Startup. Chile: Funds. Infra. Quality mentoring Backed by a wide and broad international campaign International & national campaigns. Attract from outside. Seed locally. • Culminating at the Oct FTV Fin. Tech Conf
Global Startup Hub @ FTV Towers Corp Innovation Hub ACADEMIC STARTUPS IS A KEY PART OF THIS Startup Programs Innovation Accelerators Fintech Univ (interns/hackers) / Cetrifications/Tools 3 rd Patry SIs (Blockchain. . ) Knowledge Hub Facilitation GIC COEs Fintech Corp Innovation (FTV Floor 0)
College Startups. . Enablers & constraints Strong Academic institutions Very excitable youth Good combination of tech (AU, . . ) Intellectual City (IIM-V, Gitam) and business Emerging Fin. Tech Valley with lot o finterest from BFSI companies Solid state support. Specific focus on blockchain, cybersecurity & Fin. Tech innovation Weak base of working professionals Not sufficient established financial sector institutions Experienced knowledge on Fin. Tech/BFSI maybe low Very nascent startup ecosystem. No recognition outside of Vizag Incumbent industry very small Mitigating Approach: Accelerate the process of creating knowledge hub. Aggressive new startup seeding efforts. Create a compelling funding/mentor ecosystem to attract startups from outside Vizag.
Create an Aspirational program Knolwedge hub Idea Seeding International grade Fin. Tech accelerators Startup Sandbox (attract) Annual Fin. Tech innovation conf/showcase • Fin. Tech COE in IIM-V/AU/Other • Emerging Fin. Tech workshops (international formats: Singapore. Fin. Tech. Festival or MIT-Fin. Tech • College workshops & hackathon series • Summer idea prototyping (attract students/young professionals nationally) • Assured seedfund grants & mentoring; post summer prototyping • DBS++ Fin. Tech accelerator • IIM-V, AU, Gitam • . • 1 -2 month intense Fin. Tech startup acceleration/global-support program • A program mooted & supported by state (on lines of Startup. Chile) • National showcase. International presence • Fin. Tech trends conference • Youth angle thru Under 25
The Program: FTV Student Startup Challenge (10 Lac) knowledge workshops, Idea Seeding, Innovation mindset, build a product, start up 3 level enablement. In a series. . Fintech knowledge workshops College Hackathon Central hackathon College level: Tech & Ideation Summer prototyping workshop (5 week) Mentoring post workshop Central: idea validation & Prototyping Seeding FTV Student (10 lac) Challenge Selected prototypes, taken into accelerator OCT FTV Fin. Tech SUMMIT FTV: Startup seeding & Acceleration
The Program: FTV Student Startup Challenge (10 Lac) Phased activities- leading to student startup • Talks • Blockchain/ howto workshops • Talks & idea discussion Inspire@ college Induce hackathons • College hackathon (1 st round) • Winners go to main challenge-hackathon • Ideation workshop • Followed by 2 day challengehackathon • Winners will go to summer workshop FTV Hackathon Summer challengeworkshop • 5 week product prototyping • Product biz/ entrepreneurship sessions • Prototype building help • Pitch workshops • Top 5 will be given 3 months pre-startup mentoring • Demo at FTV Summit • 10 lac challenge winner announced FTV Summit- demo
The Program: FTV Student Startup Challenge (10 Lac) The Patrners & stakeholders Incubator Knowledge partner Fin. Tech incubators AU IIITH Gayatri Gitam engg Inst of Entrepreneurship GISB IIM-V Startup Seeding hackathons Startup support ecosystem? Partners Onboard a nodal agency (AU/IIMV? ) FTVA, Corporate Nasscom 10 K Awareness of emerging Fin. Tech Inubators, Inst of Entreprenuership Global accelerators Hackmania (hackathon) Workshops and hackathons • Startup prototyping
The Program: FTV Student Startup Challenge (10 Lac) The timelines, & next steps Next Steps • Finalise overall plan (based on univ/college inputs) • Start the 3 -5 FTV Incubators • Launch college activities (workshops, hackathons. . ) Jan Feb Mar Apr May Jun • Concept & plan • Kickoff mtg. Line up partners • Announce FTV Student • Start FTV Incubator@ colleges • First workshops held. Ending • College hackathon (winning • Winning finalist teams • Summer workshop commences • Workshop sessions & biz Jul Aug Sep Oct Nov Dec • Final pitches. Winning 5 • Groom the winning 5 ideas • Better prototypes & demos • Pitch preparations • Pitch @ FTV Summit • 10 L challenge winner • Continue mentoring and • Startup launched with idea brainstorming Challenge (10 lac) program selected teams go to main challengehackathon) • Idea workshop & challengehackathon announced • Prep workshop for summer announced mentoring • Prototype building incorporation
VIZAG AS FINNOVATION CAPITAL COMMENTS? International Financial Centers London / New York City / Singapore / Hong Kong / Tokyo / San Francisco / Boston / Chicago / Zurich / Washington D. C. Global Fintech Regions Confluence of Game Changers Companies / Innovators / Knowledge VIZAG
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