E-Summit '18, 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.
- 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.
- Shortlisted teams should give a presentation for 15 minutes in front of a panel of judges at Esummit'18 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.
- First Prize :: 5000
- Second Prize :: 3000
- Third Prize :: 2000
The prize money comprises of INR10K will be awarded to the winners as follows:
- 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.