Professional Documents
Culture Documents
MISSION
To stimulate the growth of technology-based start-up companies and to increase
the number of successful companies originating and developing in this field. Help
emerging companies gain access to mentors, training, shared space, professional
assistance, capital, and other services that will move them onto the fast track to
success. By fulfilling our mission, we contribute to job creation and enhanced
economic health of India.
Problem Solution
Sustainabilit
y
Innovation
Market
Impact
Talent/skillse
t
Execution
YE
S
Does the venture identify a real-time and pressing
problem?
Is the proposal a viable solution?
Effective and narrow definition of a pain point
Outline of a solution that addresses the pain point
Is the venture selling a core product or service that
achieves impact and sustains on a long run?
Is solution of the problem different from current
solutions?
Is the proposed innovation feasible?
Is the proposed innovation necessary at the current
time frame?
Does the innovation disrupt the current market
status, impacting the 21st century challenges?
Impact of the core product or service scalable to
spread this impact?
Diverse skillset
Past experience in the venturing field
Deep market research and knowledge on the
business
Big vision with careful attention to details
Highly motivated founder(s)
N
O
- Market Research
- Marketing strategies such
as STP, Pricing etc.
- Assistance on pilot launch
to a subset of target
customers
Marketing
- Workspace & facilities
- Unlimited access to
resources
-Training programs &
seminars
- Presentation and pitch
Business Basics
Finance
- Mentorship from incubator
panel on business strategy
- Assistance on Regulatory and
Legal aspects
- Intellectual Property
management
- Overall monitoring of progress
to assess further requirements
Advisory
Pitch your
passion
Final
Selection
Applicatio
n Review
Marketing Strategy
Inline with the mission, a goal has to be set for the period April 2017 March
2018, creating strategies to succeed in achieving that goal, and identifying the
top three to five tactics to be employed to implement those strategies.
1. GOALthe the period April 2017 March
What needs to be accomplished during
2018
2. STRATEGY
3. TACTICS
4. TO DOs
5. TIMELINE
Next step will be setting the annual marketing budget. This is often determined
as a percentage of total annual revenues, ranging anywhere from 1% to 10%. In
case of a startup, it is necessary to limit current revenues add customers, thus
allocating more funds initially to bring in more business is the smart move i.e.
allocating 10%.
Once marketing budget is ready, you have to allocate it by month or by season
and by marketing medium. The considerable marketing mediums are:
Newspapers
Consumer magazines
Television
Direct mail
Social media
Major campaigns require more resources and time to get things done than the
typical marketing actions, so it's important to plot the major campaigns first. A
calendar that includes headings for the month, the campaign, the expected cost,
the actual cost, the resources needed, the expected results and the actual
results should be prepared.
The detailed marketing strategy and with a defined budget is as follows:
Medium
Website
e-mail list
Facebook
Twitter
LinkedIn
e-mail
outreach
Newspape
r
Consumer
magazines
Television
Facebook
Strategy
Desired Outcome
OWNED
Social media promotion
Promote brand
and brand establishment
Monthly newsletters
Drives interest and
traffic
Daily posts
New customers /
followers / subscribers
Daily tweets
New customers /
followers / subscribers
Daily updates
New customers /
followers / subscribers
EARNED
Identifying and
Social outreach
contacting friends and
social influencers who
may be spreading the
news about the business
PAID
Daily, weekly and
Brand promotion, new
monthly ADs
customer enquires
Partner with relevant
Brand promotion, new
media
customer enquires
Partner with relevant
Brand promotion, new
media
customer enquires
Facebooks target ADs
Social outreach, brand
and sponsored posts
promotion, new signups
Twitters target ADs and
Social outreach, brand
sponsored posts
promotion, new signups
LinkedIns target ADs and Social outreach,
sponsored posts
promotion, new signups
Budget
Mr. A. Vellayan
Executive Chairman
Murugappa Corporate Board
FULL TIME
Dr. Nirmal Gupta
Indian School of Business
Marketing Educator
Dr. Baldev Raj
Indira Gandhi Centre for Atomic Research, Department of Atomic
Energy, Government of India
Distinguished Scientist and Former Director
William Eggers
Deloitte
Research Director, Public Sector Industry
Mr. Mohan Nair
The Regence Group, USA
Chief Innovation Officer
Mr. P. Murari
Former Secretary to President of India
Adviser to President of FICCI
Mr. Ashok Vasudevan
Preferred Brands
Managing Director