To activate the hardware ecosystem, Forge Accelerator presents the TNIGC BootCamp+PitchFest from 14th to 17th of March 2018 in Coimbatore.
Rs. 5 Lakhs grant including cash prize, resources & services, and seed capital offered with admission to the FORGE.FELLOWS pre-incubation or FORGE.FIRST incubation program
START’egies integrates skills & competencies development with coworking, community & networking, and startup & business mentoring services to help early-stage founders fast-track their innovative ideas into successful enterprises. The program offers founders a 6 month membership with skills coaching workshops, office hours for intensive consulting & advisory, pitch events, community meet-ups etc. to fast-track their progression through to becoming successful enterprises
On 14th, 15th & 16th March 2018, FORGE ACCELERATOR shall organize a 3-day MVB (Minimum Viable Businesss) BootCamp (residential program) for startups in the HW/IoT sector from across different segments. Startups shall register for the BootCamp, and benefit from this 3-day intensive preparation process and get ready for the PitchFest on Conclave Day.
At FORGE, we strongly believe in the powerfulness of the MVB framework and believe that startups can greatly benefit from its many applications.
We have thus designed a three-day BootCamp to help startup entrepreneurs learn, and incorporate into their business model, the principles of the Minimum Viable Business framework through practical applications and peer interactions. Past participants (link to testimonials) of the BootCamp have found it to be especially helpful in orienting their primary objective towards building proof for their innovative technology, product or business ideas, in becoming more critical and analytical of the real business potential of their ideas, and in aligning their core offering to existing market conditions and envisioning a clear path towards achieving operating profits. You can also read our blog pieces for more information on content offered and our overall approach.
We offer a three-hour MVB 101 seminar as a prequel to the BootCamp. The seminar uses real-world case studies to emphasize the practical importance of the MVB framework in building a sound business model. MVB 101 is designed around the central goal of creating actionable awareness among entrepreneurs on rapidly building proof of their startup’s true business potential.
While it is not necessary to have attended the seminar in order to participate in the BootCamp, the seminar is a low-time-commitment opportunity to better understand the kind of topics covered in the BootCamp. MVB 101 is typically free of charge. However, in occasional cases a nominal charge might be applied to cover direct costs of conducting the event.
[Startup Grant] Rs. 5 Lakhs grant including cash prize, resources & services, and seed capital offered with admission to the FORGE.FELLOWS pre-incubation or FORGE.FIRST incubation program
*Conditions Apply: [Cash Prizes] Rs. 50,000 for the Top 6 startups from the PitchFest;
Top 10 startups selected pitch to jury of experts including investors, tech entrepreneurs, sector executives etc
Early-stage Hardware (in IoT/AI/Robotics/VR) startups that have a full-time core founding team with either a basic or advanced prototype;
We are also looking at IoT Services startups that may have an innovative idea with an early or an advanced stage prototype;
Testimonial 1: Krishna, Founder of Transity, a IIMA alum with 18+ years of IT engineering and consulting experience.
Testimonial 2: Ayushi & Vignesh, Founder couple of PlasmaTech, with masters and doctoral degrees in BioTech.
Testimonial 3: Vinayak, Founder of Yostra Labs, a ISB alum with 15+ years of IT-Business consulting experience with BOSCH/Accenture.
"It was one of the best sessions I have attended. As a startup having multiple revenue streams, it really helped us align in our strategies and gave great insights regarding our target market and ways to approach it. I went back with some great takeaways"
"The session on Disruptive Innovation & Target Market has given a different approach towards our business challenges. We have understood the basic ingredients required for a scalable business and also learnt to keep our business innovative & solve problems for millions"
"Minimum Viable Business (MVB) Bootcamp helped me to connect all that I have learned so far. This helped me to draw a portrait with the resulting stream of thoughts on MVB Canvas. This experimental and analytical approach of reaching the MVB state has been helping me to keep track of progress which was missing earlier"
"Those 2 days changed my pitch in a way that event 10 days working alone would not be able to. It was quite an experience...not only a very entertaining session, but an invaluable lesson. The session on unit economics really opened our eyes, using simple examples, we were taught what investors REALLY wanted to see, and how to put it across in a simple and effected manner "
"Unitus Seed Fund recently partnered with FORGE to lead our StartHealth competition semi-finalists through the MVB Bootcamp. We found that there was a significant difference in the participants at the beginning of the bootcamp versus when they finished. From an investor's perspective, I'd highly recommend the bootcamp for early-stage startups in order to get them on the right path towards success"
"The MVB BootCamp made me see the broader picture as a Startup Entrepreneur and how to transform my startup to make it investable. When is Rome do as what Romans do, could be reiterated as I learnt the art of pitching to investors, showing them what they really want to. I specially loved the Unit Economics and Business Model sessions. As founders of a diagnostics startup we face a lot of regulatory and IP related challenges and many of those doubts were cleared during the BootCamp"
"After attending this bootcamp, it made us go back and rethink on lot of assumptions we made. Its very intensive and extremely engaging. One good thing about the bootcamp is they bring in a lot of mentors with real world experience. We had good one on one conversations"
"It was an intense learning experience. The learnings, the frameworks and the actionable ideas that has come just through the engagement with these people, hopefully will leave mGuru in a good state. Start of with "Failure is ok”. Its only in today’s India or next year India that bottom up is possible. I learnt the importance of bottom up and top up.Ideas, rigour and accountability"
"It was very helpful in terms of formulating the right pitch, creating different thought processes for the business idea. a lot of insights of what is happening in the industry. It validates what we have been doing in the past. It helps a lot and builds confidence. When I go back the team will feel more motivated of the work that they are doing"
"The BootCamp has been revelating. We have been gaining a lot of gyaan in the ecosystem but this got us to structure and direct the business in the right way. Gave us a framework and a customer discovery model which forced us to get out there and engage with customers. It is imperative for every Startup to take this up very seriously. I came here with an idea and it has transformed into a bigger and better version"
"It really helped us to gauge where we stand and we were able to make important decisions because of this. We were exposed to three different canvas and a general template which would fit into any Startup. This is something all Startups should do even before they start. We should have been here 6 months back and the last two days were full of learnings and insights for us. We liked it, loved it and highly recommend it!"
"What we came into the Bootcamp with and what we got to see here and learn has been a sea change. It also helped us in rediscovering some of the key customer segments which we probably had not considered and also helped us in identifying the right customer segments to target. The MVB plan has helped us to structure our Business Plan in the right way in order to create a perfect pitch. Having data is one thing and interpreting that data and making sense of what the customers wants is something and this bootcamp has helped us nail that! Every entrepreneur who is budding out needs to go through it!"
"The BootCamp has been a wonderful learning experience. The learnings in the last three days has been phenomenal. This Bootcamp gave us a framework that helps us to focus on the right things and this is something you can carry throughout your entrepreneurial journey. Great learning experience and to top it all the energy and experience that Vish brought into the session was really high and that multiplies the learning experience. It is highly recommended for entrepreneurs who have not reached an investable state irrespective of howlong you have been operational"
"It gave us insights into the method and science of building a scalable, viable and profitable business. Love the sessions by Vish, which had deep insights about how to address untapped and unserved markets. All the sessions were of high intensity and we are able to map many things in the BootCamp which we could have done better if we had attended it before. It gives a Big picture of the science of making Startups. Overall - Outstanding value for money and highly recommended!"
"Totally worth the time and money. Focussed on the key aspects of the startups. What we don’t know as entrepreneurs is what investor look for and we got to know what kind of questions we have to have answers for. Gave us a framework to think and It helped to validate our concept. Overall - Enlightening, motivating and eye-opening."
FORGE is the incubation enterprise launched by the Coimbatore Innovation & Business Incubator (CIBI), founded with the vision to create & catalyse innovation powered enterprises that harness the power at the intersection of hardware, software, and computing technologies to solve real-world problems, creating economic gains and delivering social impact. FORGE.FACTORY - the 20,000 sq.ft incubator established in Coimbatore, includes HWjunction - the fully integrated lab for full-spectrum hardware innovation offering equipment, tools, and resources in computing (AI/ML), IoT, electronics, desktop fabrication, 3D printing, drones, and automation & robotics, to support the design, development, and testing of ‘manufacturing’ ready prototypes.
FORGE offers holistic incubation services covering innovation, grant, acceleration, and seed capital investment to transform innovative ideas into successful enterprises with potential for growth, impacts and profits.FORGE has achieved steady and significant progress in our vision to become a 360D Incubation Enterprise, built on the 3 pillars of our strategy and operations - value creation & delivery, revenue generation, and self-sustainable growth. Founded on this principle is our strategy to build a multi-level portfolio of programs that combine to offer a comprehensive suite of services throughout the startup lifecycle from ideas to enterprises.