Get your start-up funded by Silicon Valley | mumbai | Hindustan Times
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Get your start-up funded by Silicon Valley

mumbai Updated: Oct 03, 2011 01:24 IST
Kiran Wadhwa

Your business plan now has a chance to be funded by venture capitalists of the Silicon Valley.

Eureka!, the business plan competition of the Indian Institute of Technology-Bombay (IIT-B), has collaborated with E-Bootcamp of the Business Association of Stanford Entrepreneurial Students.

Six winners of competitions held during Eureka! will get a direct entry to E-Bootcamp, where they will compete with 35 other international B-plans for funding.

Eureka! will be held on January 29 next year but registrations close on October 4.

"Being Asia's largest B-plan competition, Eureka! has a huge brand value that Stanford would want to associate with," said Radhika Goel, media manager for Eureka!

IIT-B will take care of the entire six-day trip to California where winners will get a chance to visit start-ups in Silicon Valley and meet the founders and heads of companies such as Facebook and Google.

Those who make it to the E-Bootcamp will also pitch their business ideas to top venture capitalists of the Silicon Valley. While there is no guaranteed seed-funding, venture capitalists have invested around $5,00,000 in B-plans that were part of this programme in the past.

Already, 40 start-ups that were first spotted at Eureka! have gone on to become successful.

Being an international B-Plan competition, Eureka! has had entries from Europe, USA and South-East Asian countries making a total of 2,500 entries so far. Last year, 1,800 B-plans were registered for the competition.