AI & Entrepreneurship: Building a Successful AI-First Startup

About

Description of the Course

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?

  • Final-year BTech, MTech, or PhD students dreaming of starting up
  • Faculty or researchers ready to take your AI ideas to market
  • Early stage start-ups just starting to work on their idea
  • Engineers, PMs & future founders excited about the next big thing in AI
  • 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!.

    Profile of the Instructor

    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.

    * Course Objectives *

    • Identify and validate market opportunities
    • Understand how to evaluate start-up ideas
    • Build the product, founding team and company
    • Develop the business model and go-to-market plan
    • Navigate fundraising and negotiating term sheets
    • Scaling startup for successful exit
    • Final pitch to real investors on Pitch Day

    Topics Covered

    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)
    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)
    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
    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
    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
    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
    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
    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

    Session Details

    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.

    Fees for the Workshop

    Please see the below table for fee structure

    Category Fees (Excluding 18% GST)
    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

    Past Guest Speakers

    Certification Criteria

    Class participation and discussions (30%)

    Capstone project: Develop a pitch deck (70%)

    Attendance (80%)

    Contact Us

    Feel free to reach out to us for any inquiries or assistance.

    • NPTEL Office, 3rd Floor, ICSR Building, IIT Madras, Chennai - 600036

    • (044) 2257 5908
    • support-elearn@nptel.iitm.ac.in