Press release from Business Wire India
Source: Indian Angel Network
Monday, August 31, 2009 02:33 PM IST (09:03 AM GMT)
Editors: General: Consumer interest; Business: Business services, Education & training, Media & entertainment, Retailers; Technology
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Indian Angel Networks Partners IIT Bombay for Asia's Largest Business Plan Competition - Eureka!
India's Largest Business Angel Group Now Exclusive Partners for Asia's Largest Business Plan Competition to be held in India - EUREKA! 2009 Organized by IIT Bombay
New Delhi, Delhi, India, Monday, August 31, 2009 -- (Business Wire India) -- CNN declared EUREKA! as ASIA's Largest B-Plan Competition in 2001 and it has retained this title till date. This year Indian Angel Network have partnered IIT Bombay for EUREKA! 2009 as exclusive angel partners. As a part of this association IAN member jury will short list the business plans, mentor the finalists and share their deep domain knowledge as lead speakers at all the events. From a few thousands to the top 50, the IAN jury will select the plans and mentor the candidates in groups and individually across the top four metros in the country.
EUREKA! has been growing in scale year on year, the number of entries have gone up consistently. Eureka! 07 witnessed around 1500 registrations out of which about 150 were from outside India. The number of entries for Eureka! 2008 were around 2200, an increase of 50% as compared to last year. The prize money for Eureka! 06 was 4.5 lakh which was increased threefold for Eureka! 2007 to around Rs. 14 lakh.
Indian Angel Network is Asia's largest growing business angel network with a member base of 100 members. IAN's partnership gives EUREKA! a unique advantage all participants will get an opportunity to establish contact with major IAN investors who could take their ideas to the next level while the shortlisted participants will go through intensive mentoring sessions. IAN spearheads the cause of innovation and growth of the entrepreneurial ecosystem in the India. "Angel investing is a key for the startup ecosystem today. IAN is focused on supporting and mentoring enterprises that create value and scale" said Mr. Ajay Garg, IAN Member.
Eureka's total prize money for the event is INR 2.1 Million [50,000 USD].Workshops for the event will be conducted in Mumbai, RVCE Banglore, FMS Delhi, Chennai. Also, for the first time ,a workshop is being held outside India , in SINGAPORE , with the partnership of NUS Singapore Entrepreneurship Society
About Indian Angel Network:
India's first and now the largest angel network, Indian Angel Network, brings together successful entrepreneurs and CEO's who share a passion to enable more early stage business to create scale and value. http://www.indianangelnetwork.com/
CONTACT DETAILS
Nipun Kapur, DIGIQOM SOLUTIONS, +91 9818450157, nipun.k@digiqom.com
KEYWORDS
CONSUMER, BUSINESS SERVICES, EDUCATION, MEDIA, RETAIL, TECHNOLOGY
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