Competition: Entrepreneurial ideation

INTRODUCTION

E-Summit '19, IIT Bhubaneswar presents Entrepreneurial ideation. Creativity is key to producing novel and useful ideas that can be turned into viable business opportunities. Entrepreneurial ideation is a platform for those aspirants who are creative enough to transform their innovative ideas into working models. A model is a simple and small scale initiative as their summer project or a research endeavor or some random innovative idea that can be converted into a business . It is essentially the efficient and effective generation and development of ideas that leads to new products and services. Any innovative idea which can be feasible to be converted into a profitable venture, is welcomed.

Event structure

Round 1:

  • Participating team should submit the abstract of their idea during their registration to this competition.
  • Based on this abstract ,teams will be shortlisted to the next round.

Round 2:

  • Shortlisted teams should give a presentation for 15 minutes in front of a panel of judges at Esummit'19 followed by a Q&A session.
  • Presentation should justify :
    • Creativity and innovativeness of the idea.
    • Feasibility of the product/service.
    • Demand and Market for the Product/service.
    • Cost Factors.
    • A short business plan would add an advantage.

Prizes

    The prize money comprises of INR10K will be awarded to the winners as follows:

  • First Prize :: 5000
  • Second Prize :: 3000
  • Third Prize :: 2000

RULES

  • Each team must contain minimum of 2 members and maximum of 3 members.
  • No participant should be a part of two or more teams. If so, both the teams will be disqualified.
  • All the team members should be present for all rounds.
  • The decision of the judges will be final and no contentions are encouraged.

REGISTRATION

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