Over 100 Foreign Entries.the Indian Express.07.10.2013

8/13/2019 Over 100 Foreign Entries.the Indian Express.07.10.2013

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07/10/2013 IIT-B's 'Eureka' moment: Over 100 foreign entries - Indian Express

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Last laugh for Sachin

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Western UP on the

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Photos:All's well

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IIT-B's 'Eureka' moment: Over 100

foreign entriesMihika Basu: Mumbai, Sat Oct 05 2013, 01:41 hrs

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Telangana: Power supply,

train services hit, protests

turn violent

If Massachusetts Institute of Technology's entrepreneurship

competition is the world's largest business plan contest, I IT-

Bombay's 'Eureka' could well be India's answer to it. The annual

international business competition of IIT-B has this year receivedover 100 entries from the US, Japan, Australia, Ireland, UAE,

Singapore, Nigeria, Thailand, Sri Lanka, Pakistan and Bangladesh

among others, up from 45 last year.

Overall, 5,800 entries will vie for a prize money of Rs 45 lakh. The

event will be held in February next year.

"We expect the num ber of entries to cross 6,000 by the time

registrations close on October 8. Last year, the total number of

participants were 5,300. The stakes go higher each year and the

variety and number of foreign entries are a testimony to it. I n 2010,

there were only 20 international registrations. Eureka has

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2/3



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turn violent, shoot-at-

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'Indian Mujahideen

behind '05 Delhi

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Tags: IIT-B Eureka moment 100 foreign entries Massachusetts Institute of Technology

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Page : 1 2 Single Page Format

consistently maintained good quality over the years and the fact that

it is located in the commercial capital of India is an added advantage,

as participants know that the exposure will be very good," said Arjita

Kulshreshtha, student and media manager of IIT Bombay's

Entrepreneurship Cell, which organises the event.

The average age of the participants is 23 years and young

professionals and college students form a bulk of the participants.

"Most of the entries come from places like Mumbai, Pune, Delhi,

Chennai and Bangalore where the start-up culture is growing

steadily," she added.

Experts said amid a difficult economy youngsters were increasingly

focusing on creating own start-ups and "Eureka gives them a platform to pitch business plans

before investors".

"A large number of youngsters are now keen to start their own venture. They have talent and good

ideas and a platform like Eureka enables them to pitch their plans before investors, venture

capitalists and industrialists from reputed firms. They also get an opportunity to be guided by some

of the best from the industry," said a senior faculty member from IIT Bombay.

... contd.

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