Eureka! 2008 Hikes Prize Money to Rs 25 Lakh

This one remains my favourite business plan contest. Young, fun and always evolving. Eureka! 2008, IIT Bombay’s annual biz plan jamboree opens for applications on Monday, September 1. The event, as expected, gets even bigger this year. The total prize money is Rs 25 lakh against Rs 14 lakh in 2007. The Entrepreneurship Cell (E-Cell) expects 2,500 entries this year (last year saw 1,500 entries).

Here’s the lowdown on what to expect at Eureka! 2008:

  • The first prize winner takes home Rs 5 lakh. The second and third runners up get Rs 3 lakh and Rs 2 lakh respectively.
  • There will be a separate prize category for ‘cleantech’. Two winners will be awarded a cash prize of Rs 1 lakh and Rs 70,000 respectively. Plus, they will be given round-trip airfares to Carnegie Mellon University at Pittsburgh, where they will be eligible to compete in the Sustainable Technology Track of the McGinnis Venture Competition.
  • Intel is a resource partner at this year’s contest and will send the first three finalists to the UC Berkeley Business Plan Competition.
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