With a vision of innovation and entrepreneurship, IIT Bombay has recently opened applications for its annual mega business plan contest, Eureka! 2013. As a B-Plan competition, Eureka! provides platform for potential ideas and early stage startups to evaluate their plan in the risk-free environment of competition.
The competition is expected to witness around 5000 entries competing for prizes worth INR 4.5 Million, with an opportunity to win an all expenses paid trip to Silicon Valley for the E-Bootcamp organised by BASES, Stanford University.
The competition follows two tracks i.e. Eureka! Business, aimed at helping ideas develop into businesses that have the potential to revolutionize the world and Eureka! Social. One can participate in both Eureka! Business and Eureka! Social, but ideas for both competitions must come under the respective categories and one cannot enter both categories with the same B-Plan.
A typical team size for applying for competition must be between 3-7 people, though a single participant entry is also allowed. Business plans will be evaluated on the basis of quality of the plan, the feasibility of the plan and the size of the market opportunity, etc.
The competition also has an Intel Technology Award for innovation in technology, additionally an IIT Bombay B-Plan of the Year award for the best entry from IITB.
Click here to know more about the prizes.
The applications are open till 3rd October, click here to register for the competition for free.
Since 14 years of existence, Eureka! has grown from 50 teams participating for INR 50,000 to over 5,000 teams competing for INR 4 million.
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