Eureka! now serves not only as a launch pad for budding ideas, but has moved to be recognised as a platform for intensive learning of the entrepreneurial ecosystem by interactions and mentorship from the leaders of this field. Eureka is now in its 15th year and has taught many on how to make an appropriate business plan right from the do's and don'ts. It started off with a competition consisting of 50 participating teams, competing for INR 50,000 to over 5200 teams participating in its previous edition, from around the world, competing for total prize money of INR 4 million.
The organizers mention to us that this year they shall also focus on Minimum Viable Product (MVP): Though MVP is not an explicit criterion which is scored, but since it proves feasibility, MVP goes miles to prove credibility of an idea.