IIT Bombay’s Eureka! – Ideal Platform For Budding Entrepreneurs

by | posted: September 2, 2010 2 comments


You think you have a good idea for a business? Here is an opportunity for you to present it to Mumbai Angels, a company that enables startups to meet successful people in the industry and more importantly businesses or companies that have funds to invest in the startup, and in the process maybe win INR 21 lakhs! The entrepreneurship cell (ecell) at IIT, Bombay has been organizing Eureka!, a business plan competition that was declared Asia’s largest B-plan competition in 2001 by CNN, since 1999.

First Prize winners

Previous Winners

About Eureka!

If CNN has declared it to be Asia’a biggest B-plan competition there has to be something unique about the competition. Eureka! has definitely has a unique format in terms of the competition with the competitors getting free legal and financial consultancy, mentoring, and also an online platform where participants can find answers to the queries/problems. Also, the competition is not restricted and sees participants from fields as diverse as Medical School to IITs to Banking. Last year, the competition got around 2000 entries all around the world.

Whats at stake?

If you are looking to get a piece of the pie for yourself, then believe you me it is quite a big pie. With 21 lakhs ($50,000) at stake, it is not surprising that Eureka! is expecting about 2500 participants this year.

Previous Winners

Winners of this competition through the years have definitely been in the limelight with some making Business Asia’s Top 5 list, while there are over 35 other successful startups, with some big names including Myzus.

How do we judge this?

It is a great initiative and a perfect platform for budding entrepreneurs to present their ideas to panels of judges who will give them valuable feedback on whats good and whats bad in their plan. Competitions such as these are increasing and it shows that the country is interested in  moving forward and are giving entrepreneurs the opportunity to do that.

Do you have a business plan? If so, what are you waiting for?


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Ashish Sadanandan

Ashish Sadanandan has been a blogger for WATBlog for some months now and has blogged on various topics ranging from social networks to mergers and acquisitions. Apart from blogging, Ashish is an avid follower of all sports.

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2 Responses to “IIT Bombay’s Eureka! – Ideal Platform For Budding Entrepreneurs”

  1. Reply
    Pratima
    September 3, 2010 at 10:18 am #

    Hi Anish,

    Are you only looking for students from colleges or universities or is this platform open for all?

    I would appreciate an immediate response.

    Thanks,
    Pratima

  2. Reply
    Anish Sadanandan
    September 3, 2010 at 11:04 am #

    Hey Pratima,

    I believe it is open for all. You will get more details on their website http://www.eureka.ecell.in/

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