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Have a product idea for the enterprise? Validate it with @InTech50 Validation Tank

The first 2 editions of Validation Tank have yielded better than expected results. True to the name, it has served as the platform for idea and proto-type stage entrepreneurs to validate their product idea. The entrepreneurs got an opportunity to present their idea to a CIO panel comprising of Darshan Appayanna (Happiest Minds), Sudhir Reddy (Aricent), Yatendra Kumar (Gokaldas Exports), Vijay Ramachandra (Editor-in-chief, CIO Magazine), Satish Das (Cognizant) and Murali Krishna (Ex- SVP, Infosys). The CIO’s judged the idea on a range of parameters and provided actionable insights on the idea and what can be improved when it comes to pitching to the enterprise buyer.

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So, what is InTech50 Validation Tank and who is it for?

InTech50 Validation Tank is for idea and proto-type stage product entrepreneurs. It is an opportunity for founders to pitch their idea to the ultimate enterprise buyer (CIO) and understand

a)      If the problem they are trying to address through the idea is major concern for the CIO

b)      If it is a market that is well served

c)       If the CIOs can make a business case for a product or allocate buying budgets

d)      If adding a feature or a functionality will make it a great product 

The CIOs will also provide actionable insights in to the opportunity size, technical viability, business model and importantly the buyer’s perspective. All this at a concept/idea stage and even before you start developing the prototype. It is a great opportunity to get an honest feedback about your product idea. It is a platform to engage with IT leaders, product champions, mentors and early adopters for your product.

Who can apply for Validation Tank?

If you are company founded/incorporated after 2014 and working on a product idea for enterprises or in the process of building a prototype, you are the ideal company for Validation Tank. You need not have a working prototype but if you are a little ahead and already started product development, we can still consider you. 

When is the next Validation Tank happening?

The next edition of the Validation Tank is happening on 25th of June 2015 in Bangalore. We are soon going to announce the dates for Validation Tank in Chennai and Pune too.

How do I apply?

APPLY NOW ! 19th June, 2015 is the last day for rushing in your entries.

 

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Validation Tank @ InTech50

This year’s InTech50 saw a new addition to the format. While InTech5 was designed to give global exposure to companies that have got paying customers and product-market fit, this year we have introduced Validation Tank to help companies in idea and proto-type stage companies to validate the potential for their idea. The format is designed to help the founder get a feedback on their product idea. Read more about Validation Tank here.

After a couple of pilots, we have chosen 5 companies to pitch their product idea to the CIO’s and they got first hand feedback from the ultimate technology buyer in the enterprise. Validation Tank was moderated by Ranga Raj and to judge the idea we got Harmeen Mehta – CIO Airtel, Akshaya Gaur – CIO Mashreq Bank, Jon Walters – CIO Direct General Insurance and Ravi Narayan – Head Microsoft Ventures. Each company got 10 mins to slot and they pitched their idea for 3 mins and the 7 mins slot was used for Q&A and feedback from the CIO’s. The jury was honest with the feedback and more importantly the companies got actionable feedback making it very attractive for someone who is at an idea/proto-type stage get first hand feedback of what the enterprise buyer thinks. Here are the five companies that pitched at InTech50 Validation Tank 2015.

Contentivo – It is a tool for helping enterprises increase its social media reach exponentially through employee networks

ConvFlow – A product that helps enterprises collaborate on problems and ideas in real-time on mobile and web

FixNix – Cloud based Governance, Risk and Compliance solution for the enterprise

Nous – Product that helps match people and skills in the enterprise

PlayLyfe – Gamification platform for the enterprise. Helps companies gamify internal applications with a few clicks

If you are a product entrepreneur, working on a product idea for the enterprise and would like to get the idea validated, please apply here for the next edition of Validation Tank.

Validation Tank is curated by Praveen Hari(Thinkflow) & Ranga Raj(Thinxtream)

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Announcing Validation Tank @InTech50

The second edition of InTech50 is round the corner.  InTech50 (flagship event of iSpirt) brings together 50 promising enterprise software start-ups, 50 CIO’s from some of the biggest companies (read Citibank, Kroger, Procter & Gamble, Great American Insurance Company,  AllStage, Accretive Health, Nationwide Mutual Insurance, Crate & Barrel and the likes) and who’s who from the venture capital community. To be held at the The Leela, Bangalore on April 15th & 16th, iSPIRT is bringing Validation Tank to this this year’s InTech50.

What is Validation Tank?

Validation Tank is a platform designed to help companies in idea stage validate their product ideas. When you are building a product, there are a lot of unknowns like the market, market size and competition etc. As entrepreneurs, we make some intelligent guesses and believe in our gut and set out to build the product. We often ignore the buyer in the product development process and reach the buyer only when the product is ready. The whole concept of validating the idea before building the product is missing from the picture. At InTech50 this year, we are going to change this.

Through Validation Tank, we are going to give companies in the ideation stage an opportunity to pitch their ideas to CIO’s. The CIO’s will listen to your product idea and help you validate it by providing actionable insights in to the opportunity size, technical viability, business model and importantly the buyer’s perspective. All this even before you start developing the prototype. It is a great opportunity to get an honest feedback about your product idea. It is a platform to engage with IT leaders, product champions, mentors and early adopters for your product.

Who can apply for Validation Tank?

If you are company founded/incorporated after 2014 and working on a product idea for businesses or in the process of building a prototype, you are the ideal company for Validation Tank. You need not have a working prototype or early adopters but a presentation on your product, technology target market, competition (if any) is good to get your idea validated. If you are already building your product you can still apply for Validation Tank and get your idea validated.

How do I apply?

APPLY NOW ! 27th Feb is the last day for rushing in your entries… Your timely response could open up a whole new world for you to explore (literally!) and put you in the BIG LEAGUE much sooner than you expected it!

Validation Tank is curated by Praveen Hari(Thinkflow) & Ranga Raj(Thinxtream)