I am happy to announce launch of second edition of TIE-Canaan Entrepreneurial Challenge.
To refresh memories: In 2006, we invited entrepreneurs (starts ups and early stage companies) to showcase their ventures, short listed 11 businesses and did a final presentation round in front of an expert jury. In the whole process, 11 businesses were mentored using the TiE platform. We got a very good response across the country (more than 100 start ups). The top three winners were facilitated during TiE Annual summit and taken to a workshop to Insead Business School (Singapore). The whole series was aired on CNBC TV18 multiple times.
A similar event has been planned for this year. Participants will need to download and submit their applications from the contest website. The deadline for submission of the business plan applications is May 12, 2008. Eight (8) teams will be shortlisted based on their potential scale of the business, strength of the team and sustainable differentiation in the business model. These shortlisted applicants will be invited to participate in the final round in the month of June (2008) which will see them presenting their plans and ideas in detail to an eminent jury of the countryâ€™s leading entrepreneurs and corporate heads.
I will keep you posted on various dates around the event, benefits to finalists and other news.