Indian start-up company "Crash race": Creative two-day change products

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The ordinary business plan does not make sense for tech companies, as products are replaced every 6 months.

In India, technology competitions like in Hrs, Startup weekend are becoming an important platform for entrepreneurs to share ideas, create new projects and find investors. Some competitions require entrepreneurs to turn ideas into products in just two days, so they are called "Crash classes" for startups.

A shortcut to Creative commercialization

The competition, which is a template for similar entrepreneurial activities in the United States, attracts a large number of young engineers and has spawned more than 10 new startups in just a year. Under the guidance of experts, such projects are being pursued by the accelerator, investors and incubators, and gradually grow into new technology enterprises.

Take the Indian port city Mount Mangalore a young engineer team for example, Jazer Badou Filly (jazeel Badur Ferry), Mohammad Saud Bakha (Mohammed Saud bakhar), Nazim Zsan (Nazim Zeeshan) While three members are working for BPO companies, they are also looking for better opportunities for development. Last June, three people accidentally participated in an entrepreneurial competition, in less than 50 hours to turn a creative technology product prototype.

In the competition, they developed a product called Eventifier, which integrates photos, videos and conversations that are all over the Internet. At present, there are 20 European and American manufacturers to become Eventifier customers. The company was also favored by the start-up accelerator, the startup Pew in Chennai, and gained its seed-round investment.

For technology entrepreneurs, entrepreneurship competition has become a shortcut to their creative market. Software developer Progress Software PRODUCT Vice President Lames Rangnakhan (Jairam Loganathan) is one of the mentors for startup weekend activities. He points out that most of the participants in these activities are around 25 years of age, and they think they will spend two years on their entrepreneurial projects, even if they fail in the end.

India's Science and Technology Entrepreneurship competition from Friday onwards, participants must submit their best ideas, encourage others to join their own team. In Saturday and two days of Sunday, teams work hard to develop customers and test the attractiveness of creativity. On the evening of Sunday, they had to show the prototype product and let the Expert group give their opinion. Rangnakhan said: "Many startups will be born at the end of the event, and those who can not start their own business, will join these companies." ”

Enter the overseas market

At startup Weekend, a start-up company named Carrot Mobiles developed its first product, mobile application Happy Hourss, within 50 hours. It can help users find places such as the nearest bar. Carrot Mobiles founder Killand Chodari (Kiran chowdary), a 31-year-old mechanical engineer who graduated from the Nehru University of Science and Technology, was involved in the campaign to find inspiration and start his own second company.

Chodari's first firm was sold to rivals at below-cost prices. After winning the game, he quickly established cooperation with about 60 pubs. In order to move to the world, carrot mobiles has applied to join Chile's Venture accelerator project start-up Chile, which Chodari hopes will serve as a bridge to the Latin American market.

Similarly, at another event hosted by Startup Weekend, Bavish Dupar, a graduate of the University of Michigan, met with co-founder Samir Guglany (Sameer Guglani), the Morpheus, which is headquartered in Chandigarh. The latter decided to serve as mentor to the Dupar team. The team has developed a product called Kinesis.io that allows users to manipulate consumer devices through body posture.

Guglany says the common entrepreneurship competition does not create much value for entrepreneurs: "Activities like Startup weekend and in Hrs are focused on practice and results, while the average entrepreneurship competition is more about coaching." "The Morpheus has invested 56 start-up companies so far.

Ideal Financing Platform

Deobrat Singh, a 28-year-old Deobrat Singh, attended an event at startup Weekend last year to meet investors such as Paul Singh, startups partner at the US Venture accelerator. Deobrat's start-up company, Gazemetrix, was created at the event, and has now received a total of $140,000 trillion in funding from startups and other angel investors.

Deobrat, who graduated from Bombay University and previously worked for technology giants such as HCL and Microsoft, has always wanted to do his own business. At startup weekend activity, Deobrat with another two members of his team Saulach Prutti (Saurabh paruthi) and Debayan Banniger (Debayan Banerjee) jointly developed a mobile payment product, but did not receive much attention.

But they did not discourage, but waited for one months, took part in the second event held by Startup Weekend, Paul Singh as the mentor of the event. Deobrat said: "We did not sleep three days and three nights, seize every second time in the formal display before the continuous improvement of our products." "Today, Gazemetrix uses proprietary computer vision technology and machine learning algorithms to analyze 12 million of photos from social media every day, and to confirm the brand advertising effect for more than 20 advertising agencies."

The Startup Pew founder Vijai Arnold Vijay Anand said: "The ordinary Business plan competition does not make any sense to the technology companies because the technology products will be replaced every six months." Sachin Gupta, a former Google engineer, resigned after three months of joining the search giant. This August, Gupta created a product at startup Weekend and then co-founded his company Hackerearth with alumni Vivic Placash (Vivek Prakash).

Hackerearth allows recruiting companies to recruit qualified engineers through online programming tests. The company has received 30,000 of dollars in financing from the accelerator GSF accelerator.

Existing Project test Site

For mature entrepreneurs, these technology competitions can also play the role of a test site, allowing them to fine-tune existing projects. Inforica chief Technology Officer Sudip Desoza (sudeep D ' Souza), the IT services company, is helping the company shift from service to product. Last year, he and two friends put forward a parking management idea at a start-up weekend event at the Indian Business School.

After recruiting some students from business school, Pudsozza's team eventually developed a product called "Parkemon", which uses mobile technology to store and use parking-related data and information in real time. Now more than 1000 apartments in the United States are using this product.

Similarly, the project management company Silver Stripe software founder Hidhata Gwindalagi (Siddharta Govindaraj) and another member of the team Kausiklam Klisnassai (Kausikram krishnasayee), The "Tour my App" app was developed at an event held last December by in50hrs.

In addition to being favored by 7 companies from countries such as the US, the UK and France, the product is also working with Indian companies such as desktop software developer Freshdesk and subscription billing solution provider Chargebee. "With this kind of activity, you don't have to spend years developing your product or creating your own company," Gwindalagi said. If you think your ideas are good, you should be hands-on. "(sailing)