Start a startup? I am an undergrad student.

I am Computer Engineering student in 3rd year from south asia. I am very energized to getting up an running a startup and take some height. As now we have to do a minor project to submit, I don't want to make it just a project of 3 months rather I think of taking this project to some height to solve real world problem and I am quite serious about it. I wish you guys help me giving some guidelines where and how to start and what I should consider at this moment or provide me some useful links. Like how I chose my partners to start this project, what things should I consider, even money, location. I am thinking of doing project based on internet/web specially. I am confident and have energy to give my all 24 hours a day for this. I am really excited. Suggest me somethings.