Building on last year’s success, this course explores AI-driven startups, covering the full lifecycle from ideation to scaling. Through lectures, discussions, and case studies, students will gain insights from faculty, world-class founders, and investors, developing the mindset and skills to launch and grow a venture..
Who is it for?
Bonus: Compete in Pitch Day on the last day of the course, before a panel of real VCs and operators. Top team wins a ₹4,00,000 prize ($5000) to kickstart their AI venture!.
Lakshmi Shankar is a General Partner at Together Fund, backing ambitious, purpose-driven founders with capital, community, and expertise. Previously, he was VP of Product Strategy for Google Search, leading AI efforts, including Google's response to ChatGPT and the launch of Gemini powered AI Overviews at I/O 2023. An engineer and product leader with 25 years in tech, he holds multiple patents and has built globally impactful products and teams. A Stanford GSB Sloan Fellow and Imperial College London alumnus, Lakshmi is passionate about disruptive technologies and is an active investor, speaker, and lecturer.
Please see the below table for topics structure
Part I: Identifying and Developing the Opportunity | Lecture 1: Introduction to AI-First Products | Why build an AI-first product company? The evolution of AI and its transformative potential Challenges in building an AI company today Differentiating your AI company in a crowded market |
Lecture 2: Market Validation and Opportunity Assessment | Identifying customer needs and market gaps Analyzing competitive landscapes in AI sectors Sizing market opportunity using frameworks (TAM, SAM, SOM) |
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Lecture 3: Identifying and Validating Product Ideas | Conducting user research to validate product ideas Identifying and achieving product-market fit Differentiating between a Minimum Viable Test (MVT), Minimum Viable Product (MVP), and Minimum Lovable Product (MLP) |
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Part II: Building the Product and Company | Lecture 4: Developing the Product | The critical role of timing and assembling the right team Choosing your entry point: finding the beachhead market Embracing pivot, iterate, and kill loops in product development |
Lecture 5: Differentiation and Defensibility | Strategies to differentiate your product in a competitive market Building business defensibility via network effects and proprietary technology Specific challenges and opportunities in applying these concepts to AI |
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Part III: Growing the Business | Lecture 6: Traction, Growth, and Monetization | Establishing key metrics and measurement frameworks for growth Building a sustainable business model tailored for AI products Customer acquisition, retention strategies, and lifecycle management |
Lecture 7: Go-To-Market Strategy | Crafting a compelling go-to-market (GTM) strategy Identifying and leveraging optimal marketing channels Positioning and messaging for an AI-first product |
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Lecture 8: Selling and Growing Market Share | Sales strategies for both B2B and B2C AI products Exploring inorganic growth avenues (partnerships, mergers, acquisitions) Tactics for capturing and expanding market share |
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Part IV: Financing | Lecture 9: Fundraising I – Founder Considerations | Overview of funding stages (Seed, Series A, etc.) and their implications Understanding dilution and its impact on founder equity Crafting a compelling pitch deck |
Lecture 10: Fundraising II – Investor Considerations | The VC funding decision-making process Key elements of term sheets and negotiation tactics Best practices and “rules of thumb” in fundraising |
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Part V: Scaling Considerations | Lecture 11: Scaling & Exits | Strategies for hiring, compensation, and team scaling Tactics for international growth and expanding product lines Exit strategies including IPOs, mergers, and acquisitions |
Lecture 12: Responsible AI, Legal and Regulatory Considerations | Building trust and ensuring user acceptance of AI solutions Intellectual property protection, copyright laws, and open source implications Navigating the regulatory landscape for AI products |
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Part VI: Pitch Day | Recap of course learnings and key takeaways Best practices and common pitfalls in building an AI startup Future trends and the evolving landscape of AI entrepreneurship Student presentations of capstone projects |
The course includes 13 lectures (3 hours each: 1.5-hour lecture + 1.5-hour discussion) across five startup stages, running June 9–21, 2025 (excluding June 15). Students should dedicate ~2 hours daily for group study, preparing pre-reads, and working on the capstone project. Materials and resources will be shared via Slack, and office hours will be available for faculty support, Hostel accommodation can be arranged for outstation participants upon request and at additional cost.
Please see the below table for fee structure
Category | Fees (Excluding 18% GST) |
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IITM Students | 5,000 (will be refunded upon successful completion of the workshop) |
Students/Startups | 5,000 |
Post-Docs/Faculty | 15,000 |
Industry | 25,000 |
Class participation and discussions (30%)
Capstone project: Develop a pitch deck (70%)
Attendance (80%)
Feel free to reach out to us for any inquiries or assistance.