IIT Bombay’s biz plan competition Eureka! now open to school students

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The student-run Entrepreneurship Cell (E-Cell) of the IIT-Bombay has opened its flagship start-up competition Eureka! to school students for the first time. Eureka! Junior is a biz plan competition for school students of Class 6 to Class 12 from across India. The competition was launched on August 1, with the aim to instill an entrepreneurial spirit amongst school children across the nation. 

Aspiring students can register for the biz plan competition by contesting in and pitching their ideas through the National Entrepreneurship Olympiad. Selected students will have the opportunity to attend workshops hosted by the E-Cell, which will guide them through their business plans and ideas. Winners of the IIT Bombay biz plan competition will win prizes worth INR 1 lakh. Students will also be introduced to other young entrepreneurs fostered by the E-Cell as well as investors. Along with this, they will have appropriate media coverage to communicate their business plan, a chance to have one-on-one conversations with eminent keynote speakers at their e-summit, and be provided with prevalent mentors to guide them forward. 

“The competition aims to bring out creative ideas from students to solve ordinary day-to-day problems. We are encouraging innovation and out-of-the-box thinking through a series of workshops and a five-month-long competition,” said Yash Pundlik, events head, E-Cell. “Presently, we are already associated with more than 100 schools across India and over 15,000 students through our various initiatives for promoting innovation. With this competition, we aim to expand our reach further,” he further added.

Eureka! provides a platform for potential ideas and early-stage start-ups 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. The IIT Bombay biz plan competition is Asia's largest business model competition accredited independently by CNN and Thomson Reuters. It has successfully launched more than 40 successful start-ups over the course of 20 years.