January 27, 2018
Instated to foster the spirit of entrepreneurship and business acumen among people all around the world , Eureka! fast-tracks the journey from an innovative idea to a commercial success. Eureka! is Asia’s largest business model competition accredited independently by CNN and Thomson Reuters. Designed to emulate the process of growth of an idea towards a full-fledged startup. Eureka! prides itself on providing a 360 degree, holistic experience in the 5 month period that it spans. Right from acknowledging that your idea has a potential, to drafting a B-Model and pitching in front of an esteemed panel of investors, this platform has it all! Over the 17 years of its existence, Eureka! has grown from a competition in which 50 teams competed for INR 50,000 to a competition which sees over 8000 entries competing for prizes worth INR 5 Million at stake with excellent networking opportunities in India and the Silicon Valley !
Innovation and entrepreneurship are the wheels that steer the world into a brighter future. The world economy will tumble upon itself if new innovations are not reaped every day. Great ideas result into great undertakings which pave the way for glaring success. It is easier said than done because the process of realizing an idea needs a deep understanding of the world around, and an innate preparedness to cope with failures – an inevitable part of enterprising. In order to facilitate this vision of promoting entrepreneurship in India and the world, E-Cell organizes Eureka!, an international business model competition. Eureka! provides a platform for potential ideas and early stage startups to evaluate their plan in the risk free environment of a competition. It aims to bridge the gap between ideas and the realization of an enterprise.
With the vision of promoting both business and social innovations, we follow two tracks:
- Eureka! Business: The trademark of Eureka!, the business track of Eureka! is aimed at helping ideas develop into businesses that have the potential to revolutionize the world.
- Eureka! Social: Eureka! Social encourages ideas and B-Models which cater to people at the bottom of the pyramid and or for a greener tomorrow. Eureka! Social will run as a parallel track and all the entries will be judged, mentored and evaluated separately self-sustainable in the long run.