Returning with its 26th edition, the competition will offer young founders and leaders months of learning, networking, and one-on-one mentoring on the key to building a scalable business.
With over 15 thousand entries last year, young entrepreneurs and student-led startups will go through three extensive rounds spread across five months
The winning startups will win prizes worth 120k+ USD like AWS Credits and free subscriptions to Canva, GitHub, Zendesk, Social Pilot and many more.
The Entrepreneurship Cell, IIT Bombay, is Asia’s largest student-run entrepreneurship body, having received patronages from UNESCO, Make in India, Startup India, and Digital India for its contribution to promoting entrepreneurship. We have been serving as a link between various components of the startup ecosystem for the past 25 years.
The Entrepreneurship Cell of IIT Bombay is all set to host its flagship business model competition titled Eureka!. Returning with its 26th edition, the competition will offer young founders and leaders months of learning, networking, and mentoring on the key to building a scalable business.
The event is designed for early-stage entrepreneurs, especially those in the ideation phase, looking for one-on-one mentoring on developing a go-to-market strategy.
This year, grander than ever, Eureka! 2023 is back! Presented by Axis Bank, co-presented by WestBridge Capital, in association with Amara Raja Batteries, Maruti Suzuki as the Innovation Partner, Healthcare Partner Emil Pharma and Gold Partner Shiru Startup Cafe.
What’s In It For Startups?
With over 15K entries last year, young entrepreneurs and co-founders will go through three extensive rounds spread across five months. The first round will bring on-stage mentors to help founders navigate the process of building a sound business model with the basics of building a business model canvas.
The previous edition saw a variety of industry leaders stepping up as mentors, including Indian Angel Network’s Kanchi Daiya, StartupBay’s Amit Jain, Tomorrow Capital’s Piyush Surana, and 3i Zone’s Pradeep Rathi, among others.
The shortlisted entrepreneurs will subsequently undergo an intensive mentorship round with workshops focusing on improving and building up the business model and product. At this stage, the founders will be judged based on the idea’s viability and its unique value proposition.
Once the finalists are announced, the founders will go through a three-day accelerator programme to prepare them for the last mile of the competition. The final pitch will be held as a part of E-Summit 24, IIT Bombay’s annual business conclave in February 2024. The selected ventures will get a chance to pitch in a closed-door event in front of a panel of industry experts.
Last year’s event included names such as 9Unicorns’ Rajesh Mane, Venture Catalysts’ Reshma Jhaveri, Swadeshi Handicrafts’ Rahul Baviskar, and Hyper Accelerator’s Douglas Peris, among others, as jury members with live pitching in the IIT Bombay campus on 28th and 29th January 2023
The winning startups will win prizes worth 120k+ USD including incentives like AWS Credits and free subscriptions to Canva, GitHub, Zendesk, Socio Pilot and many more. The investor jury will also have the option of providing additional funding to the featured startups.
The best student startup in Eureka! will get an opportunity to secure a sponsored trip to Princeton University, and direct qualification in the finals of Tiger Launch, The prestigious entrepreneurship competition conducted in the USA.
The winners of past editions of Eureka! included startups such as BlisCare, Jeevan Lite, SPARC, MyWays, DocEye, Curomates, and AI-Genix. The winning startups also got the opportunity to pitch their business ideas on international grounds at the Indian Pavilion, Dubai EXPO 2020, where BlisCare, DocEye, Curomates, and AIGenx raised spot funding.
Apart from India, Eureka! expanded to six more countries of the GCC region (Bahrain, Qatar, Oman, Kuwait, UAE, and Saudi Arabia). It includes diverse incentives through multiple tracks, a prize money of USD 100,000 to the winners, and an entirely sponsored trip to Dubai for Eureka! GCC finals
Register at: ecell.in/eureka
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