Indian School of Business iDiya national Social Venture Ideas Competition is looking for submissions

iDiya is ISB’s national Social Venture Ideas Competition that aims to stimulate, enable and develop high-impact, self sustaining social businesses in India. iDiya was conceived in 2009 at the Indian School of Business by the Net Impact Club of ISB.iDiya is targeted at working professionals in India working in teams of 2 to 4 individuals. Teams submit an executive summary of their business ideas and plans, which are evaluated by student evaluators, Faculty, investors and Social VCs and Social entrepreneurs. Submissions are evaluated on various parameters, including measurable social impact, criticality of the social need and sustainability of the enterprise.

Winners are invited to ISB for an intensive one week bootcamp, where industry experts, ISB faculty and local and national entrepreneurs help them train for challenges they would face in bringing their ideas and ventures to realization. Teams are interfaced with potential investors and are matched with entrepreneurs and organizations that will mentor them for a certain period post-bootcamp.

The first iDiya Challenge was a huge success, with 125 teams submitting their ideas and 6 winners invited to the bootcamp. The 2nd ISB iDiya challenge promises to be only bigger and better in every way.

Apart from giving you a platform to showcase your idea, participating in the ISB iDiya Challenge will also help you identify possible avenues for ensuring your vision takes shape. Other benefits of participating include:

• A one-week all expenses paid BootCamp for the top six teams where you will meet industry leaders, venture capitalists and business mentors
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• Top six teams will receive mentoring support after the competition. The mentoring board comprises of high-profile businessmen and organisations who will help you commercialise your idea
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• Top 20 ideas will be showcased on the iDiya website
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• Cash rewards :
• Winner – Rs. 100,000
• Runners-up – Rs. 50,000
• 2nd Runners-up – Rs. 20,000
• 4th,5th,6th – Rs. 10,000 each

The Indian School of Business (ISB) is a premier management institution established in 2001. In a short span of nine years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management/Executive Education Programmes as well as to participate in collaborative research with the resident faculty. Recently, ISB was ranked 12^th in Global B-School Rankings 2009 by Financial Times, London.