Apps to navigate a city’s transport facilities and end-to-end solutions for farmers: these are among the prize winners at the Indian Institute of Technology Bombay’s (IITB) entrepreneurship summit which ended on Sunday.
The “Eureka!” competition – an initiative of the institute’s Entrepreneurship Cell – claims to be Asia’s largest business plan competition and features four categories.
Tilzmatic Tech, founded by management students from Delhi, won in the "business" category while Green Agrevolution by former engineering students won in the “social” category.
The tech company has designed apps to help users understand the fares, routes and local train facilities in Mumbai and also has similar apps for the metro systems of Delhi, Bangalore and Kolkata. They plan to scale up by adding the London and Seoul metros.
“The beauty of the app is that it is completely free for end users,” said Vikash Kumar, 27, a team member and student of International Management Institute in Delhi. The competition saw more than 5,000 entries this year, with 25 selected for the final shortlist. Of these, four teams will get to go to Stanford University for a week-long workshop.
The social category winner is a start-up which provides end-to-end solutions for farmers. More than Rs40 lakh worth of prize money was up for grabs at the competition this year.