Archive for the 'News/ Events' Category

Canaan invests in Equitas and Naaptol

Pleased to announce our investment in Equitas, the fastest growing top-10 micro finance company in India; and Naaptol, a leading home shopping business. We are very excited to participate in high-growth consumer services opportunities, with high-caliber entrepreneurial teams.

Join us to learn about the opportunities and success stories of Indian Digital Economy

More than 300 executives from start-ups, emerging companies and especially those developing mobile, internet applications will converge on New Delhi on the 25th of August for what is the definitive event for an IT start-up in India – the EMERGEOUT Conclave to understand “What it takes to build a successful mobile, internet company from India?”.

Learn from the industry thought leaders on new opportunities and interact with people who built and are building successful mobile, internet companies from India. Also many emerging company executives who attend to brainstorm their ideas, free wheeling discussions and networking all of which are especially pertinent for small to mid size companies trying to become game changers.

Technology, often disruptive in nature is at the heart of a start-up’s differentiators to make them game changers. No surprise then that EMERGEOUT has in the past been themed around Cloud Computing, and that the current theme is “The Mobile Internet & AppStore”.  This makes the event a must attend for the technology and business strategists.

Over the past four editions, the EMERGEOUT Conclave has become ‘the’ event on the calendar of a start-up CXO. Given the number of senior executives and CXOs the event attracts, in their wake come the Research Analysts, Bloggers and Media, who track and report on the sector.

Attending the Conclave gives a visitor a clear sense of where the action is in the emerging companies space and hear their stories, learn from companies building successful business cases. And in keeping with the ‘catch them young’ strategy, the Conclave brings in Investors looking for the next big idea and the next little company that will implement that game changing idea. Register now!

For Sponsors, its hard to find a more focused target audience. Nor a more responsive one…..the level of debate, interaction and buzz is not seen at too many other conferences!

EMERGEOUT has something for everyone — Now, you cant find an excuse for not attending. Join Us!

the First Startup Camp @HeadStart Ventures

I am happy to announce the first set of startup workshops from August 20th till the 29th in Bangalore. The agenda is here. The objective is to find startups the HeadStart Ventures team can work with from now on. These will also form the pool of companies the fund that we are setting up can potentially invest in. We will also actively promote qualified startups to our industry partners - eight of them will present opportunities, ideas and interest areas on the 20th and 21st.

All startups are welcome to apply but we will select 15-20 startups to attend the camp. Domains our team is strong in are - telecoms/mobility, semiconductors, consumer media, financial services, and healthcare. HeadStart Ventures is not a pure play mentoring organisation and neither it is a venture capital fund. It is a small group of people who will work hands on with startups and will seed invest in selected qualified startups. So, whoever submits proposals to work with us should be open to working with a bigger team of experienced people, be willing to start out small in terms of money and expectations but should not be limited by vision and ambition.

If you have any questions, do send an email to interest@headstart.org.in

Its time to unveil the NASSCOM EMERGE 50 for 2010

NASSCOM EMERGE 50NASSCOM EMERGE 50 is back – and in a bigger avatar. After the success of last year’s listing, the EMERGE Forum within NASSCOM has begun work in full earnest for the 2010 listing. In addition to last year’s categories of Growth, Markets (non-traditional / domestic), Products, and Services, this year, the categories have been expanded to include the Start-Ups. And in another first, all the 50 companies will be profiled in a booklet to be released by NASSCOM at the EMERGEOUT conclave in New Delhi on August 25 2010.Why the EMERGE 50?

With EMERGE 50, we have a sharp focus – in the process we have been able to spotlight some really good companies, that were hitherto unnoticed. Plus with the level of detail that we go into with each company has helped us build an excellent dataset – covering funding, cash flows, employees, markets and specializations – for over 200 companies. This has really helped us get a sense of trends in this space.

It has indeed been a tough job for the jury members, the Zinnov team and NASSCOM for selecting the 50 emerging/start-up companies.

The Process that we followed

  • Companies were invited to nominate themselves in any of the categories.  We received 200 plus entries this year across  5 categories.
  • Applications were sorted out in different categories (i.e. Growth, Markets, Products, Services, & Start-ups)
  • Companies were evaluated on basic criterions such as revenue growth rates for last 3 years, revenue contribution, average revenue per employee etc. to arrive at the preliminary shortlist of companies in each category
    • Only relevant criterion were put for individual categories.
    • The shortlisted companies were then objectively evaluated (through a mathematical model) on a number of parameters including financials, growth, market differentiator, customers, market visibility, & distribution/ GTM
    • The evaluation on above parameters was used to come up with a net score for individual companies and hence the shortlist of top companies in each category

The EMERGE 50 listing has quickly built credibility as the definitive listing of companies to watch for. With the focus on segment-wide trends and analysis, the 2010 editions promises to be both information and insightful!

Here goes the NASSCOM EMERGE 50 for 2010(in alphabetical order)

Stay tuned for more updates about the companies and for the Top ten companies.

Startup Leadership Program - Inviting applications

We are bringing the startup leadership program to India, starting with delhi.

Admission Deadline - July 31, 2010

74 Fellows and counting…in Boston, Silicon Valley and now in Delhi. The Leadership Program is an initiative to groom startup CEOs in their mid-20s to 30s who have demonstrated outstanding potential and achievement, in life sciences, tech, cleantech and social sectors. Graduates will form an alumni network that will support each other’s entrepreneurial endeavors and have a significant impact on the global and regional economy in the years ahead. This program is going worldwide. Join us and help u grow. If you are interested, why not apply now? Early application is not necessary but can’t hurt! You can apply at the following link:

http://startupleadership.com/applyform.html

The Startup Leadership Program (SLP) is a not for profit 6-month fellowship. We train and mentor young professionals in their 20’s and 30’s to be leaders and entrepreneurs in the life science, tech, clean tech, and social enterprise sectors.

For more information on SLP, visit the SLP blog

To apply for the 2011 Delhi class of Startup Leadership, click here

Sincerely,
Organizing Team
Startup Leadership Program

A presentation outlining salient elements:

Mobile Monday Delhi Meetup - 17th July

MoMo Delhi Meetup is here again. I am very happy to inform you that we will be having 10th Meetup of MoMo Delhi on 17th of July 2010 . We would like to thank One 97 Communications for sponsoring the event. Details of the event are mentioned below:

When?
Saturday 17th of July 2010

Venue:
One 97 Communications,B-121 , Sector 5 , Noida, UP 201 307, INDIA. Telephone: + 91 120 467 8888

The theme for the event is “Working With Handset OEM”. Keynote Address will be delivered by Mr.Vijay Shekhar Sharma .There will be couple of demos followed by a panel discussion which will be attended by all major stake holders in device oem industry . Additional details of the event are available on:

http://momodelhi10.eventbrite.com/

As we have limited capacity for this event so I request you to please register your self on the above link. Looking forward to see you there.

NASSCOM EMERGE 50….emerge a winner!

It is publicity (of the right variety) that creates winners. Of course not to suggest even for a minute that substance is secondary. It isn’t. If anything, it will always remain the primary reason, that will differentiate the winners from “also-rans.”  But, as they say even Eagles need a push! The IT industry is not short of ideas, talent or the willingness to execute. However, when we take an annual headcount, only a handful actually matter. Strangely enough, the names are repetitive as very few are added on to the flock.EMERGE 50 was an idea conceptualised by the NASSCOM EMERGE Community to create a platform and showcase some of the SME companies which have the potential to make a difference. We initiated the programme last year and invited applications from Emerging companies in four distinct categories: EMERGE Growth, EMERGE Markets, EMERGE Products, EMERGE Service. The parameters for judging were:

  1. The companies which achieved the fastest growth over past 2-3 years.
  2. Those which offer unique value proposition – game-changers
  3. Those with unique organisational work models
  4. Those operating in non-traditional markets
  5. Those having built their own IPR, and
  6. Unique delivery systems like SaaS, Cloud Computing etc

We received over 200 Applications from as many as 12 cities. A jury of 7 members, went through each one of the applications and that is how the top 50 Emerging Companies “emerged.” It would be interesting to note how the winners could leverage this opportunity and create awareness.

  1. All 50 companies were listed in DataQuest
  2. In NASSCOM Newsline/NASSCOM EMERGE Blog/Newsletter
  3. Mentoring was offered to most of the companies who got short-listed
  4. Showcase of EMERGE Product Companies to the CIO community in the Product Conclave
  5. Partnered with YourStory.in to feature 30 Entrepreneurs on their site.
  6. Showcasing of EMERGE 50 Leaders at our events
  7. Recognition for EMERGE 50 at the NASSCOM EMERGEOUT Conclave in Delhi
  8. Been able to find partners through our Global trade development initiatives.

This year too we are back and have added two new categories – EMERGE Partnerships and EMERGE Start ups. EMERGE Partnerships would look for companies where emerging companies have partnered with other SME companies in developing technology, business development or as a part of sub-contracting. EMERGE Start ups would include products / services developed by start-ups which are less than 3 years old with an annual turnover not exceeding 2 Crores. Due weightage would be given to companies which deal in new-age technology like SaaS and Cloud Computing.

The excitement can’t get any bigger than this. Watch this space for
more info as we inundate you with updates. You don’t really want to miss out
on this opportunity. The last date for submitting your nominations
are 28th June 2010. If incase you have any clarifications please send in your queries to emerge@nasscom.in

Apply online at http://www.nasscom.in/emerge50 or
http://bit.ly/nasscom_emerge50

IIT Kanpur Golden Jubilee Initiative: The Next50 Global Innovation Challenge

The Next50 Global Innovation Challenge is an IIT Kanpur Golden Jubilee Alumni Initiative to identify 50 early stage innovators in Agriculture, Cleantech, Financial Inclusion, Education and Technology, who can change the way we work and live.

Innovators stand to win awesome cash awards, named prizes and access an exclusive ecosystem of mentoring, business support and funding opportunities.

Participate in the Challenge if you are working on an innovation that could change the world.

Register as a Mentor if you want to share your expertise/wisdom with early stage innovators. Thank you for your support.

UnPluGGd – The Event for Entrepreneurs

Ah well, before you ask me, why another startup event?, here is the core philosophy behind the event:

  • Focus on Business – Over the last three years, we all have seen great products not going anywhere. Some of the companies who became the next hype, are now figuring out the survival route.
    Ofcourse, that’s how startups evolve, but if one does not focuses on business (rather, dhandha),  your kickass product will not go anywhere. And that’s easier said than done. It’s time we bring in these business/dhandha companies and have them share their experience/insights.
  • Serious entrepreneurs have stopped attending startup events in India. Serious entrepreneurs who care about their business are happily building their business and have stopped being part of the hype events.

At UnPluggd, we are bringing in startups who managed to build substantial business (they are not a startup anymore, but are small business) and have them share their insights/experience with the audience.

More details @ UnPluGGd website.

Snapshot:

Date: March 6th, 2010 [9 AM – 6 PM]

Audience: Angels, VCs and Entrepreneurs.

Venue: Bangalore.

URL: http://unpluggd.org

For any info, please feel free to email me [ashish at pluggd.in],

We have limited seats available and if you are interested, please grab your ticket now.

Morpheus announces dates for next batch. To invest 5 L per startup

Its really good to see a bunch of active initiatives and discussions around providing support to the young entrepreneurs who are just getting started.

The Morpheus (previously known as, Morpheus Venture Partners) is one such initiative. The Morpheus is a business accelerator and we work with companies at idea / early stage. Thus far in our Business Acceleration Program, we were investing only sweat capital. We did 20 deals in that model and have worked with a group of exciting startups.

Based on our work with these 20 companies we have raised a small corpus and will start investing INR 5 Lakhs (approx. USD 10,000) as financial capital, beginning with Batch 4 in Mar 2010. We believe that our Business Acceleration Program along with the investment could give enough momentum for startups to take off. However, we may not be the right partners for folks who are looking only for funding.

Click here to read the complete announcement on our blog. Last date to apply for the upcoming batch is March 10, 2010.