IIT Bombay invites applications for B-model competition Eureka

The startups that participate in the competition receive mentoring, funding, incubation, networking, and many other opportunities.

The entrepreneurship cell (E-cell) of  IIT Bombay has invited applications for business model competition, Eureka. Interested people can apply at eureka.ecell.in. The E-cell of IIT Bombay is a non-profit organisation that conducts several initiatives throughout the year to promote entrepreneurship. Eureka is aimed at accelerating the growth of the most innovative ideas into commercial successes.  

The startups that participate in the competition receive mentoring, funding, incubation, networking, and many other opportunities. There are prizes worth INR 80 lakh for the winners, along with the opportunity to present their idea at Expo 2020 Dubai. 

Started in 1998 with prize money of INR 50,000, Eureka! has grown rapidly to become Asia’s largest business model competition with more than 10,000 entries coming in every year. Many startups from Eureka! have gone on to become multi-million dollar enterprises. Registrations for startups are open at eureka.ecell.in. This year, the competition is divided into seven different tracks: 

Salesken Business Track: The flagship track of Eureka!, the business track aims to help ideas develop into businesses that have the potential to revolutionise the world. 

Swavalamban SIDBI Social Track: The social track encourages ideas and B-models which cater to people closer to the bottom of the pyramid and envision the greater good of the society. 

SBI General Fintech Track: The Fintech track encompasses advances in technology and changes in business models that have the potential to transform the provision of financial services through the development of innovative instruments, channels, and systems. 

Shell Sustainable and Affordable Energy Track: The sustainable and affordable energy track encourages startups that are working towards clean energy goals and providing alternatives to traditional fuels. 

Godrej Agrovet Food and Agro Track: The food and agro track aims at supporting innovation in the field of Food and Agriculture industry. There is a lot of potential in this sector as the millennial generation is moving towards healthy eating habits while trying to retain the enjoyment of eating junk food. 

Westbridge Capital Pan-IIT Track: The Pan-IIT track invites entries from startups founded by students or alumni of any of the 23 Indian Institute of Technology (IITs). 

Gulf Islamic Investments Edutech Track: With the pandemic shaking up the entire world, including the education system, transition to a digital mode has now become an absolute necessity rather than a mere technology-driven trait. 

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