10 minutes. 10 startups. Rs 1.5 million at stake!
If you are part of a startup, or have a business idea, you also know that getting on-the-spot funding would be a dream come true. And here’s your chance to make that dream a reality.
After the hugely successful first edition of the 10-Minute Million Challenge, YourStory is proud to be the outreach partner for the second edition of the Challenge, scheduled for 31 January 2016. Organised by the Entrepreneurship Cell (eCell) of IIT Bombay, the challenge is part of The Entrepreneurship Summit 2016, a two-day annual summit that brings together students, industry experts, business leaders, investors and entrepreneurs on one platform.
As in the first edition, this time too, 10 shortlisted startups will get 10-minutes each to present their entrepreneurship ideas to a panel of angel investors and get an opportunity to win on-the-spot funding up to INR 1.5 million. The 10 startups will get five minutes to pitch and explain their entrepreneurial idea, and five minutes to answer the questions raised by the investors.This year’s panelists include Sameer Shah, Ajeet Khurana, an angel investor, trainer, author, entrepreneur and digital marketer and former CEO of IIT Bombay's SINE (Society for Innovation & Entrepreneurship), Aniruddha Malpani, Sanjay Mehta, and V C Karthic, angel investor and founder, Buzzworks.
A look back at 10-Minute Million Challenge 2015, the first-of-its kind in India
The previous edition of the 10-Minute Million Challenge was for the first time in India that nascent startups got an opportunity to raise an investment of INR 1 million at an on-the-spot funding event. The atmosphere was intense and emotionally charged – some teams broke out into a dance on the stage, while others teared up in happiness when the results were announced. Out of the eight startups that pitched ideas, six landed the maximum funding of INR 1 million each as seed capital.