Eureka - Asia's Largest Business plan Competition at IIT Mumbai

06 Aug 2010

The Entrepreneurship Cell, IIT Mumbai launched Asia's largest business plan competition, Eureka, as certified by CNN, on 1st September 2010.

Eureka is one of the greatest opportunities one can get in India. It helps in idea validation, in understanding scope of the business and streamlining our plan. All participants can submit queries related to any aspect of their business plans, which will be then answered by Eureka’s expert panel consisting of VCs, Angel Investors and other corporate.

The competition is offering its participants a total prize money of worth Rs 21 lakhs (USD 50000) making it largest in Asia and 2nd largest in the world. As an incentive for Eureka! 2010 participants, Applied Materials are providing a research lab worth 7.5million USD for free.

The winners of Eureka! 2010 will get a chance to pitch their idea in front of a panel of investors and Venture Capitalists from Indian Angel Network and Mumbai Angels. The top 50 teams will be provided intensive mentoring for a period of more than 6 months and winners will avail extensive mentorship program by MentorSquare for 3 months.

The competition is open to all and sees participants from different strata like B-schools, Technological Institutes, IITs, NIDs, Medical Schools and even working professionals from various companies. Being an International B-Plan Competition, Eureka had received entries from Europe, USA and South-East Asian countries in past.

The last Date for submitting business plans in the competition is October 4th.

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