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Wednesday, August 07, 2013

Entrepreneurship Cell, IIT Kharagpur a student organisation established with the aim of fostering the spirit of entrepreneurship among college students in India is an entrepreneurial organisation with over 25 start-ups incubated within 6 years since its inception.

Empresario is their annual Business Plan competition. Business Ideas in all fields ranging from Product and Service to Social get equal opportunity to win the prize and incubation money to the tune of Rs. 2.5 crore. Last year Empresario was launched in association with Dell Social Innovation Challenge. The total prize for the winners were Rs.6 lakhs. Also the best 3 entries in the social category got a chance to participate directly in the semi-final rounds of Dell Social Innovation Challenge.

For the first round of Empresario, participants need to fill up a questionnaire asking in brief about their Business idea and submit it. This questionnaire can be found at website  www.ecell-iitkgp.org/empresario. Deadline for the submission is October 30th 2013.

E-Cell, IIT Kharagpur being based in a technical university also conducts an annual product design competition Envision. As a part of Envision, new innovative products in the following background are invited:-

Mechanical: Do you think your design can beat the “Nano”? Do you have a design for the next generation biped robot? Then this path is for you.

Electronics & Electrical: Is the idea for the next iPod floating in your head? Do you dream about circuits in your sleep? Follow your heart, follow your path!

Information Technology & Software: A path much treaded upon, but there is still a lot of scope for innovation in this field. Animation, business analytics, process automation, IT is just getting started.

Life Sciences & Biotechnology: Does your product promise a greener tomorrow? Do you have the solution for the ever increasing oil prices? Well what are you waiting for, start moving.

Miscellaneous: Select this path if you are in a quandary over which path to select.

To participate just send a technical write-up of your product design to [email protected]

Shortlisted entries will be provided with immense help in terms of mentorship and winners also get a much sought after chance to pitch their ideas in front of some of India’s biggest VCs and investors. Their mentor pool is rich and varied and has distinguished people from across different fields to help with every aspect of starting-up.

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