The Entrepreneurship Cell, IIT Bombay presents Eureka! 2011 - an International Business Plan Competition

Win prizes in excess of INR 2.4 million (USD 52000) - The last date for submission of entries is 1st October, 2011The participating teams get a chance to receive mentoring, along with feedback from leading corporates & entrepreneurs, legal & financial consultancies, and extensive networking opportunities.

Major Incentives for Eureka! participants include:

Winners get cash prize of INR 5,00,000 and Runner up gets INR 3,00,000.

Angel Funding: Chance to pitch to a panel of angel investors and venture capitalists.

Consultancy opportunities: Seminars on legal and financial issues from field experts like Nishith Desai and Associates.

Flamingo Ventures: Chance to be a part of "Inception" program which provides start-up investment. The teams will be provided with mentoring, seed funding and incubation opportunities if selected.

Startup Paathshaala: A 12-hour extensive startup training program inclusive of a startup kit and certification

Eureka! Social:

The B-Plans which cater to BoP’s (Bottom of Pyramid) and / or environment will be classified as social, and the entries will be judged, mentored and evaluated separately. The B-Plan should have a definite revenue model and should be self sustainable in the long run.The mentors, judges and resources in Eureka! Social will be specific to Social Ventures, with the timeline being the same as Eureka!.

Major Incentives of social sector participants include:

Winners to get cash prize of INR 1,00,000 and Runner- Up of INR 50,000.

The top 3 winners will get direct entry to Dell Social Innovation Competition, organized jointly by The University of Texas and Dell.

Incubation Opportunities at Villigro, UnLtd India.

Funding Opportunity at GrameenCreativeLab

Special Award: Best entry of Technological and Sustainable Development will be awarded INR 3,00,000.

To register, visit Eureka!’s website