The Economic Times has launched the 2017 edition of The Power Of Ideas. Presented by Facebook, the initiative has been launched in partnership with Department of Science & Technology (DST) and the Centre for Incubation and entrepreneurship (CIIE).
A Brief Overview: The Economic Times Power Of Ideas
The Economic Times Power of Ideas 2017 inspires and helps both dreamers and doers to translate their business idea into a business summary, before they are mentored and funded on their way to launching their enterprises.
As mentioned on their website, “The Power of Ideas invites all those with a business idea to participate. Whether you are a year-old garage operation, or someone who has just begun working towards a prototype, or even if you have been nursing an idea but haven’t yet put it in words, give it a shot here.”
In 2015 edition, the startup platform received over 19,000 business ideas where 520 entrepreneurs got mentored, 75 startups were given intensive mentoring over eight days at IIM Ahmedabad, 50 entrepreneurs were given cash grants and 20 were provided seed funding.
Winston Churchill once said, “No idea is so outlandish that it should not be considered.”
What’s In Store For The Participants?
The Power of Ideas is open to all Indian citizens above 18 years of age. It will run over four phases from submission of initial business summaries, to award of funds.