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Digital Vidya Supports Eureka 2014 By IIT Bombay As Social Media Training Partner

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Eureka!-Logo_2014-compressedThe Entrepreneurship Cell, IIT Bombay is considered to be one of the Asia’s biggest B-Plan competitions by Thomson Reuters and CNN. It strongly believes in young innovative entrepreneurs and encourages them to enlighten the corporate world with their innovative ideas and have their start-ups. E-Cell also provides various workshops, speaker sessions etc. and supports them by bestowing resources such as funding, consultancy, networking and many more.

E-Cell serves as a platform where young entrepreneurs can evaluate their ideas in a risk free space of competition. This year teams will be competing for the prize of worth INR 4.5 million. Also, winners will have an opportunity of winning a trip to E-Bootcamp, BASES, Stanford.

The idea behind launching this competition is to convert innovative ideas of young entrepreneurs into businesses which can further help in bringing a revolution in the world. Following are the few monetary incentives, which winners will receive:

  • Business track winners will receive a cash prize of INR 5,00,000 while the runner-up will receive INR 3,00,000.
  • Social track winners will receive a cash prize of INR 1,00,000 while runner-up will receive INR 50,000.

Few other incentive which both the tracks will receive will be:

  • An opportunity to win a trip of E-Bootcamp which will be organized by BASES (Business Association of Stanford Entrepreneurial Students), Stanford University.
  • A complete consultation in form of Legal, Financial, HR & PR consultancies and scaling up with the solutions.
  • Social Media Online Course (worth US$ 100) by Digital Vidya, Asia’ leading Digital Marketing Company.
  • Be Global Ready Consultancy by Katalyzers@Smile group
  • Finalists of Eureka will also get an opportunity to present their plan in front of the panel of angel investors and venture capitalists from organizations such as Indian Angel Investors, Mumbai Angels, and Nexus Ventures.

Some other Special Awards which will be given by Entrepreneurial Cell will be

  • Technology & Sustainable Development Award: Winner of this award will receive a prize money of INR 3,00,000 which will be based on the criteria put forth by IIT Bombay Class of 1985 Eureka.
  • Intel Technology Award: Three special awards which comes under this category are:
    1. All eligible Eureka finalists from Social & Business Track can get featured in the Intel APEC Challenge; however, they will also comply under challenge’s eligibility criteria.
    2. Winners will get an opportunity to win a prize of worth INR 10 lakh.
    3. Winners and runner-ups will get a chance to compete in Intel’s ‘Regional Challenge’ in Asia Pacific and their travel and lodging will be completely sponsored.
  • Youth Award: This award will be given to the team whose all participants will be of less than 26 years of age and they have an opportunity to get a cash prize of INR 1,00,000.
  • Touching The Lives Award: This award winner will get a reward of INR 25,000 with subject to the judgement given by IIT Mentors and Excubator.

Hence, this is a great opportunity for the young talent who can contribute through their innovative ideas and help in bringing a revolution in the world. Digital Vidya supports Eureka! 2014, an initiative taken by The Entrepreneurship Cell, IIT Bombay as Social Media Training Partner and wish them the huge success in finding the young talent and entrepreneurs.

Interestingly, founding team at Digital Vidya were winners of Eureka in 2003 for their 1st venture Whizlabs Software. As a winner of Eureka, Whizlabs had represented India at an international Business Plan Competition in Singapore, where they’d competed with winners of Global Business Plan competitions including from Harvard, Stanford.

Get complete Details of the competition and Register Now to participate in one of India’s most respected Business Plan competitions which can help you in turning your ideas into pure business.

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