The Entrepreneurship Cell, IIT: Inviting applications for ‘Eureka Road to Enterprise 2019 competition’ to foster the spirit of entrepreneurship and business acumen among people all around the world.

Funding brief: Instated to foster the spirit of entrepreneurship and business acumen among people all around the world, Eureka! fast-tracks the journey from an innovative idea to a commercial success. Eureka! is Asia’s largest business model competition accredited independently by CNN and Thomson Reuters. Eureka! prides itself on providing a 360 degree, holistic experience in the 5 months period that it spans. Right from acknowledging that your idea has a potential, to drafting a B-Model and pitching in front of an esteemed panel of investors, this platform has it all!

Business models will be evaluated based on the quality of the plan, the feasibility of the business idea and the size of the market opportunity amongst other judging parameters. Judging will be done by our panel of experts on the basis of a set of criteria covering different aspects of a business model.

Tracks & Awards
There are 3 tracks in Eureka!
Business Track:
The trademark of Eureka!, the business track of Eureka! is aimed at helping ideas develop into businesses that have the potential to revolutionize the world.
Social Track:
Eureka! Social encourages ideas which cater to people at the bottom of the pyramid and or for a greener tomorrow. Does your innovative idea try to solve a problem of the society? as well as make money? Then do register for the Social track.
IIT Bombay Track:
For ideas of IIT Bombay who have the potential to be the next unicorn. The finalists of IITB track are given wildcard entry into the finalis of Business and Social track according to their idea.

Incentives:
Amazon Web Services
AWS Resources and mentoring
AWS resources worth 15000 dollars to semifinalists and finalists of Eureka!
Mentoring support to all semifinalists through aws activate program
Icreate
Opportunity to be considered in the final selection stage of ‘Nidhi Prayas Scheme’ – upto 18 month long prototyping support and incubation with a maximum monetary support of 10 lakhs (Subject to eligibility)
Forbes India
An opportunity to feature in the prestigious Forbes India Magazine among too entrepreneurs of the nation through the Great Manager Institute editorial
SMU University
1) Cash prize worth INR 1 million Singapore dollars (INR 50 million)
2) An opportunity to get direct entry into the Elite 100 of Singapore Management University 10th Lee Kuan Yew Global Business Plan Competition
Competition Link: https://www.smu.edu.sg/lky/
Note:The winning team must be working on a product or service related to smart cities, and have one student co-founder still enrolled in June 2020
StartUp Services
To all the Winners, tthey provide variety of startup services like Legal Consultancy, Financial Consultancy, web development services, Digital Marketing, Video making services and designing services
Media Coverage
Media and business go hand in hand these days, and we at Eureka! understand this well. The kind of media coverage startups at Eureka! receive is phenomenal and increasing year by year. So if your idea has the X-factor, you could feature on many popular media platforms like Radio, TV, Newspapers, Magazines and Websites to give your startup an amazing boost!
Networking & Mentor’s Meet
Top 80 entries will be a part of our 2 day extensive mentorship program where business ideas will be evaluated and given feedback by our highly experienced and acknowledged pool of seasoned entrepreneurs, experienced professionals and industry mentors.
Lean StartUp Workshop and Mentors meet
Lean Startup workshop(LSW) is an intensive day long workshop which teaches entrepreneurs and innovators how to build disruptive products using Lean Startup methodologies. You acquire skills needed to identify, test, and eliminate the barriers to a viable business model. With focus on validation and fail fast succeed faster, you are sure to progress more in a day than most others do in months.

Donor Name: The Entrepreneurship Cell, IIT
Funding name: Eureka Road to Enterprise 2019 competition

Deadline: 24th, September, 2019

Funding details link: Click to view

Funding limit: Win Prizes Worth INR 50 Lacs!

Prize Money
Business Track
Winner- Prize money of INR 5,00,000 Runner up- Prize money of INR 3,00,000
Social Track
Winner- Prize money of INR 2,00,000 Runner up- Prize money of INR 1,00,000
IIT Bombay Track
Winner- Prize money of INR 1,00,000

Special Notes: Please contact with the donor directly for further clarification and understanding.

Project start date: N/A
Project duration: N/A

Eligible organization: As below

Eligibility:
Eureka! Business Track
1) Start-ups which have been incorporated for more than two years (i.e. registered on or before 24th August 2017) are not eligible to participate in the Business track of Eureka! 2019.
2) There is no restriction on any individual to participate. Anyone, from students to working professionals across the world, can participate.
3) Ventures that have acquired funding from external investor-networks (angels, VC’s, etc) cannot participate. They believe in promoting startups that require assistance in the form of seed capital, mentoring and various types of consultancies.
4) Past year winners are not allowed to take part again this year.

Note: Teams may be asked to provide proof of the above at any time during the competition cycle and in the eventuality of wrong details/information your entry shall be disqualified.

Eureka! Social Track
1) Start-ups which have been incorporated for more than two years (i.e. registered on or before 24th August 2017) are not eligible to participate in the Social track of Eureka! 2019.
2) There is no restriction on any individual to participate. Anyone, from students to working professionals across the world, can participate.
3) Ventures that have acquired funding from external investor-networks (angels, VC’s, etc.) cannot participate. They believe in promoting startups that require assistance in the form of seed capital, mentoring and various types of consultancies.
4) The plan should solve a critical social and/or environmental problem in an innovative and transformational way.
5) The mission and practices of the venture must focus on quantifiable social return.
6) The venture must be for-profit and financially viable; non-profit entries will not be accepted
7) Past year winners are not allowed to take part again this year

Eureka! IIT Bombay Track
1) Each team must comprise a majority (50% or more) of IIT -B residents (students, faculty and anybody residing in the campus).
2) IIT-B residents must be actively involved in the venture.
3) Prize money will be given as cheque made in the name of team leader, who should be an IIT Bombay student/resident.
4) Ventures of IIT Bombay residents should satisfy the norms mentioned in the above policy.

Note: To know more about the institute policy of IIT-B on intellectual property, visit: https://www.ircc.iitb.ac.in/IRCC-Webpage/rnd/IITB_IP_Policy2012.jsp

5) All the finalist of IIT Bombay Track will get wild card entry in the Business and Social Track depending on their idea.
6)Past year winners are not allowed to take part again this year.
7) Start-ups which have been incorporated for more than two years (i.e. registered on or before 24th August 2017) are not eligible to participate in the IIT Bombay track of Eureka! 2019.
8) There is no restriction on any individual to participate. Anyone, from students to working professionals across the world, can participate.
9) Ventures that have acquired funding from external investor-networks (angels, VC’s, etc) cannot participate. We believe in promoting startups that require assistance in the form of seed capital, mentoring and various types of consultancies.

Teams can be asked to provide proof of the above at any time during the competition cycle and in the eventuality of any wrong detal/information, your entry can be disqualified.

Eligible Country: No Country Bar Found (Open to all regions)

Submission mail: Not found

Other important link:
● Apply: Click to view
About: Click to view

How to apply: Interested applicant may apply through the website (Click to view).

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