BWI: Intuit India Supports Startup Weekend, Delhi

Press release from Business Wire India
Source: Intuit Inc.
Thursday, December 20, 2012 12:00 PM IST (06:30 AM GMT)
Editors: General: Consumer interest, People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Information technology, Telecommunications; Technology; Healthcare
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Intuit India Supports Startup Weekend, Delhi
Events Offer Opportunities for Aspiring Entrepreneurs, Startups, Designers and Techies

New Delhi, Delhi, India, Thursday, December 20, 2012 -- (Business Wire India) -- Four startups promoting greater health awareness received a healthy infusion of financial support and other prizes as part of the recent Startup Weekend in Delhi.

The companies were among 70 that registered for the event, a Kauffman Foundation initiative to support passionate leaders and entrepreneurs striving to inspire, educate, and empower individuals, teams and communities. Intuit India supported the Delhi event as part of its strategy to encourage entrepreneurial ventures in all its markets.

Startup weekends are weekend-long, hands-on experiences where entrepreneurs and aspiring entrepreneurs can learn whether their startup ideas are viable. The recent Delhi event focused on health-oriented businesses. It attracted more than 70 registrants who pitched 40 ideas, formed 13 teams and met with 11 sponsors and partners. In addition eight mentors also provided advice.

Startups who demonstrated the most passion and excellence in execution received prizes that included discounts on incorporation or business license registration, a one-year subscription to QuickBooks Online, free website hosting and free co-working arrangements in Delhi.

Top honors went to LoveDoctor.in, a website, mobile app and phone service that lets users ask questions confidentially about sex and healthy relationships and get real-time answers from trained counselors. The second place award went to NUKU Vigor, an online marketplace where the physically challenged can gain access to experiences of fun, thrill and excitement.

Nikhil Arora, Vice President and Managing Director of Intuit India, was one of the jury members who identified the best startup ideas.

"In today's globalized world, it's important that we partner with like-minded people to provide an avenue for aspiring entrepreneurs, startups, designers and techies, to learn from each other and make it BIG," Nikhil said. "At Intuit, it's been our endeavor to be one of the top eco-system enablers in the small business space in India by supporting programs such as Super Angels in partnership with ET Now, or creating resources such as the White Paper on Barriers to Technology Adoption with the Ministry of MSME and the Intuit Small Business India blog. We see a lot of synergy in the Startup Weekend initiative and are delighted to be associated with this platform that recognizes and rewards entrepreneurship and innovation."

About Intuit India

Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses in the country. Intuit India - the company's first venture in Asia Pacific, commenced operations in 2005, currently has more than 650 employees across offices in Bangalore, Mumbai and New Delhi. Intuit stands on the core principles of customer-driven innovation and improving the financial lives of its customers profoundly with product offerings such as QuickBooks Online and Money Manager in India. Intuit has been recognized as the 2nd best company for Rewards and Recognition, 6th best employer in India, Top 10 Best Places to Work for in India and is among the Top 25 Best Employers in Asia. For more information, please visit www.intuit.in

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by offering innovative online and mobile banking solutions that make it easier for consumers and businesses to manage their money. Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year 2012. The company has approximately 8,500 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.



CONTACT DETAILS
Samantha Unnikrishnan, Intuit Inc., +91 (80) 41769200, samantha_unnikrishnan@intuit.com
Pravin D S, The PRactice, +91 9379429248, pravinds@the-practice.net

KEYWORDS
CONSUMER, PEOPLE, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TECHNOLOGY, HEALTHCARE

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