Step 1: Team Formation & Idea Brainstorming • Form teams and brainstorm startup ideas related to instrumentation/control systems. • Focus on innovation, market needs, and potential impact.
Step 2: Develop a Startup Proposal Include key aspects: • Product/Service: What problem does it solve? • Market Opportunity: Who are the customers? Market potential? • Technology: Based on engineering principles. • CSR & Ethics: Contribution to sustainable development. • Ex-Im Strategy: Global marketing/export-import considerations. • Exit Strategy: IPO, acquisition, or scaling.
Step 3: Prepare the Pitch • Create a 5-minute pitch with visual aids. • Highlight key points: problem, solution, market fit, CSR, ethics, Ex-Im, exit strategy.
Step 4: Deliver the Pitch • Present within 5 minutes covering all key points. • Be prepared to answer questions on product, market, technology, CSR, ethics, Ex-Im, and exit. • Propose a new or improved product that fills market gaps or fixes flaws.
Step 5: Receive Feedback and Reflect • Listen to feedback from judges/audience. • Reflect on improvements for both idea and presentation. • Self-assess and note lessons learned for future pitches.