Enterpreneurship Development Cell (EDC), IIT Delhi is inviting applications for Start-up Showcase Competition event, in association with Foradian Technologies and LetsVenture. The competiton will be held at IIT Delhi with an aim to provide a platform for the Indian Start-up Ecosystem to showcase their budding ventures to the mentors and investors from India and abroad.
It is a three-stage competition which offers prizes worth over INR 15 lakhs to the winners along with a trip to the Silicon Valley. The winner would get INR 10 Lakhs, where as the first and second runner up will receive INR 500,000 and INR 300,000 respectively.
The startups can submit their applications till January 25, 2015 after which around 40-45 start-ups would be selected for the second round. The selection into the third round would depend on the basis of the commitment of all the members of the startup regarding their idea. After getting selected into the third round, the startups would be assigned a mentor from some of the VC firms eg. Sequoia, Helion etc. and would be provided structured mentoring. The final stage of the Start-up Showcase Competition will be conclude on March 7, 2015.
Being entrepreneurship enthusiasts ourselves, we firmly believe that a startup cannot be judged in one day, and hence the competition is more of a process rather than a single event, spanning a period of three months, with each team monitored by a group of mentors beyond the first stage, hence ensuring a productive three months for each of the participating teams, EDC, IIT Delhi mentioned on its website.
Start-ups can register here.