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Entrepreneurial contest

The NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management Bangalore (IIMB) is organizing the 2013 edition of Next  Big Idea (NBI), a national business plan competition.

The pre-final and the finals of this year’s NBI will be held on May 21st and May 22nd, 2013 at IIM Bangalore.  32 teams have been selected to participate in the pre-final from which 10 will be selected to present at the final.  The top three teams will be identified at the end of the finals. The details of the first, second and third prize winner will be announced at a separate award function later in June 2013.

Entries in this contest include winners from many leading regional and local business plan competitions.  Sponsored and generously supported by the Department of Science and Technology, Government of India and Intel India, NBI is one of the most prestigious national level business competitions.

Apart from a cash prize for the top three teams and a consolation cash prize for the next seven entries the top two entries in the competition get to participate in a global challenge to be held at the Haas School of Business at the University of California, Berkeley.  The global challenge is conducted by Intel.  The two teams will participate alongside participants from close to 30 countries across the world.  The cost of participating in the global challenge again is borne by Intel and DST.  Participants at the global challenge get a great opportunity to present their ideas to highly successful entrepreneurs and investors in the USA.

The first prize winner of NBI 2012, Greenway Grameen Infra, won the global challenge in 2012.  

NBI provides mentoring support that the contestant receives as part of the final event.  Apart from getting valuable inputs for modifying their business strategy from highly successful entrepreneurs and corporate managers who volunteer to mentor the contestants, the teams also receive guidance on making effective presentations.  The teams also benefit from the presence of a wide range of business leaders from the corporate and private equity investment communities and academics in the jury panel.

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