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2013 Eureka! International Business Plan Competition

by lanredahunsi
written by lanredahunsi

The Entrepreneurship Cell, IIT Bombay presents Eureka! 2013- an International Business Plan Competition. Recognized as Asia’s largest B-Plan Competition by Thomson Reuters and CNN, Eureka! provides a platform for potential ideas and early stage start-ups to evaluate their idea in the risk-free environment of a competition and this year, the teams will be competing for prizes worth INR 4.5 million  which also includes a sponsored trip to the E-Bootcamp 2014, BASES, Stanford. Eureka! 2013 has introduced a new award The Intel Tech Award , the winner of which qualifies and gets a  sponsored trip to Intel APEC challenge, held for the Asia-Pacific region.

Now in its 15th year, Eureka!  has become a launch pad for startups in India and beyond where they learn how to formulate an  appropriate b-plan and the do’s and don’ts of making the right pitch from expert mentors, industry  veterans and investors.

Aimed at encouraging people all around the world to unleash their inventive potential,and flesh out ideas spanning multiple dimensions, Eureka! is Asia’s largest B-Plan competition as certified independently by CNN and Thomas Reuters.

Designed to emulate the process of the growth of an idea to a full-fledged startup, Eureka! prides itself on providing a 360 degree, holistic experience in the 5 month period that it spans. Right from acknowledging that your idea has potential, to writing a B-Plan, and pitching in front of an investor- this platform has it all !

Over the 14 years of its existence, Eureka has grown from a competition in which 50 teams compete for INR 50,000 , to a competition which sees over 5000 entries competing for prizes worth INR 4 Million with excellent networking opportunities in India and the Silicon Valley !

Eureka! now serves not only as a launch pad for budding ideas, but now has moved to be recognised as a platform for intensive learning of the entrepreneurial ecosystem by interactions and mentorship from the leaders of this field.

With the vision of promoting both business and social innovations, we follow two tracks:

  • Eureka! Business
  • Eureka! Social

Eureka! Business

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.

Eureka! Social

Now into its 3rd successful year, Eureka! Social aims at helping build innovative enterprises and technology to aid the strata at the bottom of the pyramid and/or build a greener tomorrow. With associations like NSEF and Dasra, Eureka! Social runs as a parallel side track to Eureka! Business.

Intel Technology Award   

To champion the importance of novel and innovative technology and to emphasize the role of an groundbreaking discovery in addressing the problems spreading various domains, we proudly launch – Intel Technology Award.

IIT-Bombay B-Plan of the year Award

Instated to foster the spirit of entrepreneurship and business acumen amongst the youth of the institute, the IIT Bombay B-Plan of the Year award is awarded to the best entry from IITB.

Eureka! Youth Award

Now into its 2nd year, the Eureka! Youth award continues to encourage the youth to explore the path of entrepreneurship, and make it big ! Be it Facebook, Google or Microsoft, these brilliant minds, with their wacky ideas, have changed the way that we look at the world today. These have been ideas which have revolutionized their domains, by their sheer will to succeed and passion for their idea. Are you game to join their league?

Wildcard Entry

Eureka! provides an opportunity for semi-finalists that do not make it to the  Pitching round to grab a place in the Eureka! Finals

Monetary Incentives

  • Winners of business track to get cash prize of INR 5,00,000 and Runner-Up of INR 3,00,000.
  • Winners of social track to get cash prize of INR 1,00,000 and Runner-Up of INR 50,000.

OTHER INCENTIVES FOR BOTH THE TRACKS

  • Direct entry and an all-expense-paid trip to the finals of The E-Bootcamp organized by BASES(Business Association of Stanford Entrepreneurial Students), Stanford University.
  • Consultancy opportunities in the form of Legal, Financial, HR, PR consultancies and scaling up solutions.
  • Incubation: Direct entry to the live-in phase of the accelerator program at Euphoria and Indian Angel Network
  • Social Media Course: A month long course free online social media certificate course by Digital Vidya.
  • Eureka! finalists will receive a chance to pitch their plan in front of a panel of angel investors  and venture capitalists from organizations like Indian Angel Investor, Mumbai Angels, Nexus  Ventures.

TECHNOLOGY AND SUSTAINABLE DEVELOPMENT AWARD:

Prize money of INR 3,00,000 will be awarded based on the criteria put forth by IIT Bombay Class of 1985 Eureka!.

INTEL TECHNOLOGY AWARD:

The winner of this award will qualify for The INTEL APEC CHALLENGE, wherein they’ll have to pitch to an international panel of expert, judges and investors facilitating fundraising activities between investors and startups across Asia- Pacific region. The winner will get a sponsored trip to the competition.

YOUTH AWARD:

Cash Prize of INR 1,00,000 to the team whose all the participants are less than 26 years of age.

To register visit:   http://ecell.in/eureka/register

For more details visit:  http://ecell.in/eureka

Check out for our Resources and some of the sample B-Plansif you got an idea and want to develop it to a B-Plan.
Visit http://ecell.in/eureka/portal/resources/documents-and-presentations/ to access the resources.

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