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INTERNATIONAL ENTREPRENEURSHIP CHALLENGE 2006

We believe innovation invigorates human change and progression and the specific instrument for innovation is entrepreneurship – the act that endows resources with a new competence to create wealth.

International Entrepreneurship Challenge 2006 sponsored by YES BANK is an endeavor to help people in nurturing their dreams of creating new things from scratch. It aims to provide a platform to help people in showcasing their ideas and structuring their thoughts in the less explored field of entrepreneurship.

The event is open to EVERYONE capable of ideating a business plan across academic levels (undergraduate, postgraduate, research scholars)

The contest is a three stage process which involves:

• Executive summary selection
• Mentorship
• Final Presentation in front of the Board of Directors & Venture Capitalists and Incubation

To help the teams in their business plans the teams will be getting guidance from the mentors who will provide them critical inputs on how to make the plan into a viable business model. The final presentations of the business plans will be in front of the Board of Directors who are industry luminaries and have several years of experience. The event has the backing of the venture capitalists and the top teams will get the chance of presenting in front of the venture capitalists panel. The final aim of the plan should be to help top two teams realize their dream of starting up. 
 

Knowledge partners: IEC 2006

Total Prizes Worth: $10000* (Approximately INR 4.4 Lakhs)

Guaranteed “Incubation” for the Winning Team sponsored by "Nirma Labs"

Silicon Valley Bank was present for Venture Capital Funding of the finalists.

Confidentiality: The plans of candidates are their personal properties and will be treated with utmost respect. Thus no plans will be circulated in public domain
 

IEC'06: RESULTS

• YES BANK Entrepreneurs of the Year
  Ashik Musaddi, Parvinder Singh, Prashanth K, IIM Indore

• YES BANK Runners Up
  Mitesh Karia, Naiyya Saggi, Faculty of Management Studies (FMS), Delhi and National Law School

• YES BANK Second Runner's Up
  Antra Tyagi, Ravi Shankar Mishra, Tony Navin, XLRI, Jamshedpur
  
  Here is the scanned document of the judge's final decision in the finals of IEC 2006:

The above plans have been gauged very objectively by the following Board of Directors:

• Mr. Kiranbir Nag, VP, Silicon Valley Bank
• Mr. K. Thyagarajan, Chief Executive, Nirma Labs
• Mr. Mragank Jain, SUN Group
• Prof. M.L. Singla, FMS Delhi
• Prof. J.K. Mitra, Dean, FMS Delhi, the Guest of Honour

We heartily thank our Dean, Board of directors and Knowledge Partners for aiding in the evaluation, all the participants for showing interest in IEC 2006 and making it a huge success and waiting patiently for results.