Archive for the ‘Innovation’ Category
Eureka! – An International Business Plan Competition
Aimed at encouraging people all around the world to unleash their inventive potential and flesh out ideas spanning multiple dimensions, Eureka! is Asia’s largest B-Plan competition as acknowledged independently by CNN and Thomson Reuters.
Designed to emulate the process of the 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 potential, to writing a B-Plan, and pitching in front of an investor- this platform has it all !
Over the 15 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 6000 entries competing for prizes worth INR 4.5 Million with excellent networking opportunities in India and the Silicon Valley !
Eureka! now serves not only as a launch pad for budding ideas, but now has moved to be recognised as a platform for intensive learning of the entrepreneurial ecosystem by interactions and mentorship from the leaders of this field.
With the vision of promoting both business and social innovations, we follow two tracks:
- Eureka! Business
- Eureka! Social
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.
Now into its 4th successful year, Eureka! Social aims at helping build innovative enterprises and technology to aid the strata at the bottom of the pyramid and/or build a greener tomorrow. With associations like NSEF, Ashoka and Villgro, Eureka! Social runs as a parallel side track to Eureka! Business.
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Microsoft Ventures is a strategic partner for promising startups around the world focused on business growth & development, industrial strength technology and beautiful usable products. Build locally, scale globally. We help smart companies take flight.
Every startup is unique. Microsoft Ventures has programs to help, no matter what stage of development your startup is in.
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Innovation is not just a good sounding word – it is in actual action; and it doesn’t need any qualifications !
Courtesy : Kartik Pandit
Witworks is a Bangalore based collaborative invention company, which designs and sells consumer products created by its online community. Its web platform enables anyone to join this community and submit ideas solving everyday practical problems. The company works towards developing these ideas into commercially viable products, manufacturing them and bringing them to the market.
Inventors and designers can now bring their products to the market by merely pitching ideas to an online community of fellow innovators. The community, organised by Witworks, is founded by three IIT Kharagpur graduates, who promise that a prototype of a chosen design or idea is ready in 30 days. The manufacturing of the products is outsourced to specific companies that Witworks has tied up with.
The startup, which launched operations last year, already has a 1,000-strong community, who decide how useful and unique an idea pitched to them will be as a final product. Witworks selects the top three ideas and puts it on the fast track. “In India, there is no place to invent,” said 25-year-old Somnath Meher, who cofounded Witworks this year with a seed fund of Rs 10 lakh from IIT Kharagpur.
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