Folks!
June…lots of things happened…we submitted some business ideas for the Tie-ISB Connect competition…got our website in place…came in contact with many more prospective clients…had new team members joining…and we celebrated
Most of our time this month was spent on working on two separate business concepts for the TiE-ISB Connect competition scheduled to be held in November’08. TiE-ISB Connect is an annual competition held at ISB, which aims at bringing entrepreneurs with great business ideas/startups and investors together to help create a mutually beneficial relationship between the entrepreneurs and the investors. In simple words…there are some great business ideas that need funding, and this is one place where we can get funds.
The first step was to submit executive summaries of our ideas, giving an explanation of the product/service that will be offered, the market, competition, etc. This being done, the next step will be to submit a detailed business plan if our idea get selected.
We’ve submitted executive summaries of business plans for two different business ideas: one for Pareeksha by Swingwind Technologies (an 84ideas client) and another for an 84ideas baby called V-Street.
Our blog post on 22nd May will give you an idea what Pareeksha is about. We are convinced that this tool has huge potential to reach out to people around the globe. Thus, we are in the process of developing a detailed business plan for Pareeksha, the executive summary of which has already been submitted for the TiE-ISB event.
V-street…an 84ideas idea is another initiative we are really excited about (after all, new ideas do keep exciting us). V-street, a virtual shopping street, is an e-commerce idea based on the concept of virtual real estate. Retailers can set up their stores on this street and consumers can walk through this street, visit and browse through shops of their choice, talk to salesmen and make informed purchases. All this without compromising on the essential benefits of e-commerce! We’re thus looking at creating a whole new shopping experience for online shoppers…quite different from traditional e-commerce so far.
While we have done all the ‘inauspicious’ things like cut our finger nails after sunset, walked under a ladder, crossed the path of a black cat, and what not…we are still hopeful that our ideas should get through the first round of scrutiny.
And yeah…not to forget…we celebrated the completion of the executive summaries with a dinner at Aroma. Below are some pictures from the celebration dinner.





