IIT-B startup initiative: Get Rs 15 lakh and mentors on board for 'A Tryst with Tomorrow'

The IIT Entrepreneurship Summit 2017 is holding its 11th edition this year.

The E-Cell, IIT Bombay ‘s ‘The Ten Minute Million’, will be held on 28 – 29 January at the E-Summit of IIT Bombay. The theme for this year is ‘A Tryst with Tomorrow’. Speakers and participants from numerous countries and genres will be attending the event.

A first of its kind event in India, which premiered at E-Summit 2015, it involves 10 shortlisted startups pitch for 10 minutes in front of the investor panel and get an on-spot funding commitment for Rs 1.5 million or Rs 15 lakhs.

Courtesy: IIT-B

Courtesy: IIT-B

"Our idea was that, you take 10 months, we believe it can be done in 10 minutes. I would have been happy even if I had got a fraction of the response. Right from the entrepreneurs, to the investors to the audience, this is an absolutely outstanding response", said Ajit Khurana, one of the investor panelists.

One of the successful startups, Strike which got the promised amount then scaled up more than 10 times within a year, according to E-Summit. The past Investor panel consisted of angel investors like Ajeet Khurana, Anupam Mittal, Samir Shah, Sanjay Mehta and Aniruddh Malpani.

An initiative by the Entrepreneurship Cell of IIT Bombay, E-Summit is a confluence of visionary students, professionals or anyone who wishes to be one of those crazy rebels who will change the world, start his own business or fund a business and become a trend-setter.

Startups can register to pitch in The 10-Minute Million by visiting http://ecell.in/esummit/the10minutemillion/register

The registration deadline is today – January 4. The finalists will be declared shortly after.

Published Date: Jan 04, 2017 10:43 AM | Updated Date: Jan 05, 2017 11:49 AM