Date(s) - Tue, Sep 1, 2009 - Fri, Oct 9, 2009
Eureka! 2009 is a business plan competition organized by The Entrepreneurship Cell, IIT Bombay and presented by State Bank of India. With a prize money of INR 2.1 million, Eureka! has become Asia’s Largest bplan Competition. Last date for submission of executive summaries is 9th October. Register by visiting www.eureka.ecell.in. Eureka! provides its participants to opportunity to grow their idea or fledgling startup into a successful business through its 6 month period of mentoring and guidance. The top 40 teams after judging by Indian Angel Network, VCs, Industry experts and corporate, shall be allotted a mentor to convert their idea into a good bplan. These teams shall be invited to the Mentors Meet where they can interact with over 25 corporate, investors and industry experts to validate and improve their business models. The teams shall be appointed to 4 mentors who shall guide them by reviewing their rough draft to come up with a good bplan. Last date of submission of bplan is 27th December. The top 8 teams in the finals shall be called to IIT Bombay during ESummit where they will be given the opportunity to present their bplan in front of a panel of judges consisting of veteran entrepreneurs, corporate and VCs. The best teams shall get the opportunity to present their bplans to a panel from Mumbai Angels and Indian Angel Network. Eureka! is a great platform for entrepreneurs to validate their business model and get due mentoring to form a successful business. 8 points System, winner of Eureka! 2007 went on to get an on the spot funding of Rs. 55 lakhs. Auratronics, winner of 3rd prize in Eureka! 2007 has got incubated in USA. ECPS which came 3rd in Eureka! 2008, represented India at Carnegie Mellon University, USA in the cleantech category. An article on his company was featured in Outlook Money. These are only few of the successful companies that have come out of Eureka!.