Global Start-up Labs 2014 includes a phenomenal product development workshop, which is a 6-week intensive accelerator program from June 17th to July 25th 2014. The highly competitive program is intended for students and entrepreneurs with an interest in innovation and technology. There is a special focus on software and hardware platforms for mobile and internet applications. The participants in the accelerator program belong to various educational backgrounds that include; Candidates with degrees in technology and/or management and experience in technology development. Undergraduate engineers in 3rd or 4th year, MBA students and aspiring technology entrepreneurs were also encouraged to apply.
This program will focus on ideation, market research, pitching, and appropriate technology platforms, culminating with a pitch and prototype competition. The technical and business curriculum will be taught by alumni and current student instructors from MIT's business and engineering schools. The program instructors will help form teams in the first week of the program. Each team will be required to form an idea utilizing mobile and web technologies, produce a business plan for this product, prototype the product, and then demo the product at the end of the program. The course culminates with a pitch competition and Demo Day, where regional mentors and funders have the opportunity to invest in the course start-ups.
After the successful completion of the program, the participants would be awarded certificate from MIT.
Kiran Ratnapu, Entrepreneurial Lead at MIT Global Start-up Labs India said, "There is a gap in entrepreneurship ecosystem in India. Early stage accelerators and VC firms address the mentoring needs of those who have some traction but there are ton of budding entrepreneurs who need mentoring on market oriented product development, to be good enough to be considered by the early stage accelerators. MIT GSL precisely addresses this gap."
Kyron University, operated under the aegis of Kyron Global Accelerator aims to provide best-in-class entrepreneurial education to the startup community in India through strategic partnerships, workshops and events.
Varun Backliwal, Outreach and Partnership, Kyron Global Accelerator said, "Our partnership with MIT GSL offers young entrepreneurs a tremendous opportunity to learn from the world’s leading academic institution and through our Kyron University initiative, we hope to partner with similar global leaders to introduce entrepreneurship focused educational programs to the start-up community in India.”