Are you ready to take your startup to the next level? IIT Bombay’s Eureka! 2024 is back, and it’s bigger than ever. This competition is the largest business model contest in Asia, offering an unparalleled opportunity for startup founders. With networking, mentorship, investment opportunities, and a chance to win prizes worth INR 2 crore, Eureka! is your launchpad to success.
What is Eureka! 2024?
Eureka! 2024 is the 27th edition of IIT Bombay’s prestigious business model competition, hosted by the Entrepreneurship Cell (E-Cell). This event is designed to support early-stage entrepreneurs, particularly those at the ideation and MVP stages. Over the years, Eureka! has become a vital connection point within the startup ecosystem, with backing from major initiatives like Startup India and Make in India.
Key Details:
- Registration Deadline: 29th September 2024
- Competition Duration: Approximately five months
- Total Prizes: INR 2 crore
- Number of Entries Last Year: Over 18,000
Click here to register for Eureka! 2024!
Why Participate in Eureka! 2024?
Participating in Eureka! isn’t just about winning; it’s about growth, learning, and networking. Here’s what you can expect:
1. Mentorship and Guidance
- One-on-One Mentoring: Gain insights from industry leaders who have walked the path of entrepreneurship.
- Workshops and Masterclasses: Participate in hands-on sessions that focus on refining your business model and product.
2. Investment Opportunities
- Pitch to Investors: Finalists will have the chance to present their ideas to over 50 venture capitalists.
- Potential for Funding: Investors from the jury may provide additional funding for promising startups.
3. Global Exposure
- International Opportunities: Winners can secure fully-sponsored trips to pitch at global competitions in Dubai and the USA.
- Network Expansion: Connect with entrepreneurs across six GCC countries, opening doors for international collaboration.
The Structure of Eureka! 2024
Eureka! comprises three rigorous rounds, designed to challenge and elevate participants:
Round 1: Initial Screening
- On-stage Mentoring: Founders will build a robust business model, starting with a business model canvas.
- Idea Validation: Assess the viability of your startup’s idea through expert feedback.
Round 2: Mentorship Round
- Workshops: Refine your business model with targeted workshops.
- Product Development: Focus on enhancing your product’s unique value proposition.
Round 3: Accelerator Programme
- Three-Day Intensive: Prepare for the final pitch with an immersive accelerator experience.
- Final Pitches: Present your venture at the IIT Bombay E-Summit 25 before industry experts.
Meet Past Winners
Eureka! has a rich history of success stories. Startups like P-TAL, DocEye, and AI-Genix have made headlines after winning the competition. These companies not only gained financial rewards but also the credibility and mentorship that propelled them forward.
Success Stories Include:
- BlisCare: Developed a unique health tech solution that caught the eyes of investors at the Dubai EXPO 2020.
- Curomates: Expanded their reach significantly post-Eureka!, leveraging the network they built during the competition.
The Support Network
Eureka! 2024 is co-presented by WestBridge Capital, in association with FedEx and powered by Gulf Islamic Investments (GII). With Ovington Capital Partners as the Venture Studio Partner, the event is also supported by:
- The Nudge Institute (Social Partner)
- Enrission India Capital (Gold Sponsor)
- Venture Catalysts (Venture Capital Partner)
This robust support network ensures that participants not only receive financial backing but also gain valuable insights from experienced professionals.
Conclusion
IIT Bombay’s Eureka! 2024 is a game-changing opportunity for startup founders. Whether you’re looking to network, refine your business model, or secure funding, this competition offers everything you need to succeed.
Don’t miss out on your chance to be part of this prestigious event.
Register by 29th September 2024, and take your first step towards transforming your entrepreneurial dreams into reality!
