Monday, December 05, 2005

Eureka! 2006, IIT Bombay

For those who came in late MyZus was the winner of the Business Plan Competition in 2000, IITB and Kresit are one of the best things to have happened to entrepreneurs. IITB provides all the initial startup requirements office space, compy's and other basic infrastructure, access to VC's and Tech resources and mainly it gives your Start-up the brand IITB, In return IITB takes a small percent of the equity for all the initial handholding and incubation.

If you are fed up of working for companies where your feel you're being wasted or generally fedup with the shady politics and general sucking-up that goes on, I think you should give Entrepreneurship a try, I genuinely think there is no better way to do a start-up other than Eureka at IITB.

Eureka! is the international business plan competition organized by The Entrepreneurship Cell, IIT Bombay is inviting entries for Eureka! 2006. The deadline for First Round – Submission of Executive Summary, is 15th January 2006.

Highlights of Eureka!
  • The biggest Business Plan Competition in India in terms of participation, prizes and resources.
  • A separate track for Working Professional being launched this year.
  • An extremely reliable and thorough business plan competition due to the unique mentoring process and transparent judging.
  • Online Team Builder to find team mates with complementary skills.
  • Extensive Online Resources in various aspects of developing a business plan.
  • Winners of Eureka! are invited to Global Startup, one of the most prestigious business plan competitions in the world.
  • Incentives
    • Opportunities for incubation in 18 Technology Business Incubators across India.
    • Opportunities for Venture Capital funding through a wide network of VCs.
    • Extensive Mentoring for the finalists which can be continued even after the finals.
  • Cash Prizes: (combined for both the tracks)

    First Prize : Rs. 2,00,000
    Second Prize : Rs. 1,20,000
    Third Prize : Rs. 80,000
    Top Student Team : Rs 50,000

    check out more details at