An Idea Acceleration Program - A uniquely designed program that provides
absolute beginners
the perspective and the ability to start thinking entrepreneurially
About the program
IdeaStorm is a program lasting a month with the goal of fostering Idea Generation, Validation, and Problem-Solving Mindset within the IITM community. It consists of online interactive sessions led by Entrepreneurs, Startup Professionals, Industry Experts, IITM Alumni and many more.
It is concluded by an Idea Validation Meetup where participants present to a panel of experienced judges and Top 5 teams get wildcard entry into E-cell IITM's accelerator program called UpScale.
By participating in this program, you can advance from zero to one, as it involves analyzing real-time problems, generating fresh ideas, and exploring their business potential through thorough research and frameworks.
To guide you in the right direction, we will provide you with post session assessments throughout the program and track your progress. You will also be provided with mentors for doubt clarification and valuable guidance.
About the personalities
INNOVATOR:
We hold the belief that every individual possesses an innate element of innovation. It simply becomes a matter of time and perspective for one to recognize it and begin seeking out problems
from a wider standpoint. Innovators, in particular, possess the drive to cultivate a mindset focused on identifying problems and generating fresh, innovative ideas.
BUILDER:
An implementor's mindset is a crucial characteristic for any aspiring entrepreneur or problem-solver. Builders are individuals who possess ideas to
act upon, yet they may occasionally find themselves pondering the question, "What should I do once I have an idea?"
Why Participate?
Incubation opportunities through Idea Validation Meetup
Wildcard entry into UpScale Cohort
Develop an entrepreneurial mindset through structured resources
Sessions curated by industry experts
Idea validation from experienced judges
Timeline
Registration deadline - 3rd August
WEEK 1
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Cultivating a Problem-Identification Mindset
3rd August 2024In order for your startup to be successful, you first need to identify and articulate the problem you are solving. Although many problems are identified by accident, there are techniques through which problems can be discovered in a society.
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GTIF: Getting To Know Insti Founders 1.0
10th August 2024Gain valuable insights from interactive sessions with successful IITM Alumni entrepreneurs about their startup journey and how to use IITM resources to the fullest for your own ventures.
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Week 1 activities/ exercises/ assignments/ resources sharing for more effective learning.
WEEK 2
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User and Market Research
11th August 2024Understanding your users' behavior is crucial for informed decision-making. This session will explore customer demographics and psychology to align your product with customer preferences. Moreover, market analysis is your business compass, helping you understand your target market, uncover needs, and seize growth opportunities. Mastering user and market research empowers you to make strategic, successful decisions.
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Getting to know Insti Founders 2.0
15th August 2024Gain valuable insights from interactive sessions with successful IITM Alumni entrepreneurs about their startup journey and how to use IITM resources to the fullest for your own ventures.
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Week 2 activities/ exercises/ assignments/ resources sharing for more effective learning
WEEK 3
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Validating Ideas: Assessing Feasibility and Market Potential
17th August 2024A feasibility study helps you determine if your idea is likely to succeed. Should you move forward with it, refine it or scrap it and go back to the drawing board? This is the final session where all the participants learn the subtle art of unbiasedly validating their ideas.
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IVM: Idea Validation Meetup
20th August 2024At the end of the sessions, it's time for the participants to corroborate their ideas and take them further. A conclusive meetup where experienced judges validate the participants' ideas based on their pitches and all the participants also link up and talk through a medley of ideas that the teams pitch. The best ideas will receive incubation opportunities and free entry into the UpScale, a 5-week long mentorship/accelerator program.
Frequently Asked Questions
Do I need a startup idea to participate in IdeaStorm?
You don’t need any idea! The workshops at IdeaStorm are to help you have an idea of your own.
Is there any shortlisting for participation?
There is no shortlisting for attending the sessions. However, to be eligible for Idea Validation Meetup you need to submit post assessment tasks which the team will give you for all three sessions. Only after submitting the tasks, you can present to the judges in IVM and look for feedback, suggestions, and team members too!
Is it an individual or a group event?
Students can participate individually or in a group.
What to do to participate in IdeaStorm?
It is open to all the students from IITM, including online BSc students. Simply fill the registration form by clicking here.
Is Idea Validation Meetup open to all?
Participants will be given a post session assessment which they need to submit before the deadline. Submitting these assessments for all three sessions makes you eligible for the competition in the Idea Validation Meetup.
How does Idea Validation Work?
At the end of the program, we will have an offline session wherein participants will have to pitch their ideas to all the other participants, and therein they can look for feedback, suggestions, and team members too!
What is the incentive of being a winner in Ideastorm?
The best ideas of Ideastorm enjoy a wildcard entry into the UpScale Cohort and access to incubation opportunities, providing essential support and resources to turn their ideas into successful ventures.
What are you waiting for?!
Registrations OpenFor queries, contact:
eclub@smail.iitm.ac.in
+91 96733 46454 (Saksham)
+91 91463 30663 (Tanish)
+91 91463 30663 (Tanish)