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The Big Idea Challenge

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Supported by the Department of Science and Technology, Govt. of India

 

THE BIG IDEA CHALLENGE

To kindle the Innovative spirit among the student community and to encourage the probing young minds to follow their entrepreneurial pursuits, igniting the spirit of enterprise among our youth.

Young Indians (Yi) is an integral part of the Confederation of Indian Industry (CII), a non-government, not-for-profit, industry led and industry managed organization playing a proactive role in India’s development process. Yi was formed in the year 2002 with an objective of creating a platform for young Indians to realize the dream of a Developed Nation.  “To become the Voice of Young Indians Globally” being the vision of Yi, it provides a platform for young Indians to participate in and contribute by becoming an integral part of the Indian growth story. Yi’s work is divided primarily into three groups; “Youth Leadership”, “Nation Building” and “Thought Leadership”.  Entrepreneurship was chosen as the theme of the conference, as it serves as a capstone of all the three Yi ideals.

TREC-STEP is a Centre of excellence in Innovation and Entrepreneurship development, promoted by the Department of Science and Technology, Govt. of India, Government of Tamil Nadu, erstwhile REC, Trichy (now NITT) along with financial institutions and others, in 1986, for promoting technology and entrepreneurship initiatives in the country. As a technology business incubator, TREC-STEP has strategically focussed on promoting innovative technology start-ups into successful high growth business ventures. TREC-STEP has worked with a number of National and International organizations such as, the DST, DSIR, MSME, UNDP, UNIDO, the European Commission, the World Bank, the British Council Division, etc, in ground-breaking development projects in the technology and entrepreneurship domain, focussing on cross-border venture promotion, knowledge sharing with international Incubator networks etc. TREC-STEP has also won many awards and accolades from the Government of India, the World Bank, the European Union and others.

About THE BIG IDEA CHALLENGE

The Big Idea Challenge welcomes all college students and Young Innovators who have innovative ideas and big dreams about starting their own business venture one day!  It provides an excellent opportunity to learn from successful business leaders, to develop your innovative idea into a powerful business model and pitch it to the top Venture funders.

Key takeaways

  • Unparalleled opportunity to listen to success stories of entrepreneurial Leaders.
  • Understand the business planning process and to develop a winning plan.
  • Get to know the preparedness required to transform ideas to business plans through mentoring, incubation and funding, based on your plan & interest.
  • Platform to pitch your Start up idea and an Opportunity to network, interact and enhance business linkages.
  • Access Business Incubation and Mentoring support.
  • Get Seed funding to realize your venture dreams.

It is planned to have 2 streams in this event, one stream for Students and the second stream for young Innovators – Professionals, Academicians, Agro Entrepreneurs, Artisans, others, who are interested in shaping their entrepreneurial destiny and who have the spirit to become entrepreneurs.

Who should attend?

BIG IDEA CHALLENGE welcomes all students, including graduate students of engineering and non-engineering branches and management, who are interested in shaping their entrepreneurial destiny and also non students who have the spirit to become an entrepreneur.

BIG IDEA CHALLENGE is designed to ignite entrepreneurial spark in young minds and enable students to discover their entrepreneurial potential.

BIG IDEA CHALLENGE is hosted by CII-Young Indians, Trichy Chapter  & TREC-STEP with the support of the Department of Science and Technology, Government of India and,  partnering with TIE – the knowledge partner & Native Lead – the Mentoring and Funding partner.

Regards,

CII-Young Indians Trichy Chapter

and

TREC-STEP Team

 

THE BIG IDEA CHALLENGE STAGES, ELIGIBILITY AND RULES

Eligibility Rules

  • Applicant shall be an Individual or a Team comprising maximum of 4 members.
  • Applicant status: It is planned to have 2 streams in this event, one stream for Students and the second stream for young Innovators, who are interested in shaping their entrepreneurial destiny and who have the spirit to become entrepreneurs. The 2 separate streams are:
  1. A Student, from engineering, non-engineering, management, others, registered in any recognised Institution for Full time or Part time study. Individuals or teams of max. 4 members can apply.
  2. Young Innovator shall be a Professional, Academician, Agro Entrepreneur, Artisan, others. Individuals or teams of max. 4 members can apply.
  • Age – Below the age of 40.

Application submission - The Innovative Idea with details, are to be submitted on or before 15th December 2017, in the prescribed Application format by E-mail. More than one idea may be submitted by the same Team, however separate registration is required. Applications may be downloaded and sent to the designated email id, provided below:

@ yiyutry@gmail.com / ram.chandar@cii.in

Please download Big Idea Challenge application format Download application form

Competition Stages & Rules

To be considered for the Innovative Idea Awards, participants from both Student and Young Innovator streams, must submit fully complete applications in the prescribed format, by email, on or before 15th December 2017

STAGE 1 – Participants download and submit the Application describing their idea and it’s USP.

STAGE 2 – Top 30 Applicants(Number may change based on responses received and Submitted Ideas) from each stream, are selected as Semi-Finalists, based on Innovative content and the Technical and Commercial feasibility, by the 3rd week December, 2017.

STAGE 3 – A Business Boot Camp shall be held in the Month of December 2017. You will have Training, coaching and mentoring support to develop your idea into a shining business model and learn how to pitch it, from incredible Mentors.

This shall be followed by Mentoring support, for Technology and Business Model Development and preparing for the final pitching to the 2 Evaluation committees, one Committee for each stream.

STAGE 4 – Teams present their Pitch Deck to the respective Evaluation Committees. Top 5 teams/individuals shall be short listed from each stream as Finalists by 3rd week of January 2018.

STAGE 5 – The 10 selected Finalists (Numbers may vary) shall pitch their ideas before a Panel of Successful Entrepreneurs, Incubation Managers, Venture capitalists and Angel Investors, during the YUTRY 2018 Entrepreneurship Conference to be held on 2nd and 3rd February 2018, at Trichy. Best ideas from each category shall win cash prizes and Incubation services.

Please note:

  • Teams may comprise students from more than one college
  • ‘Team Name’ cannot be changed during the course of the competition. It should be used for all future correspondence or queries.
  • A team can submit more than one business plan/idea after registration but in doing so, it must register separately for each submission.
  • There is no restriction on teams taking part in other business plan competitions.
  • Every contestant must agree with the rules of the contest and must accept the declaration of confidentiality during registration in order to participate. Please make sure you read the all details of the competition, before registering.
  • All Technically feasible Ideas are eligible to apply for the Incubation support at TREC-STEP and TREC-STEP Team shall provide individual assistance, for the same.
  • Selected ideas, after going through the Proof of Concept stage, shall be considered for Seed support, after satisfying the due diligence process and TREC-STEP Seed support Committee requirements.

Judging Criteria

The judges are professionals who come from various business related backgrounds and include experienced investors (angels, venture capitalists, investment bankers), experienced Incubation managers, successful entrepreneurs and senior business people and service professionals, who regularly interact with early stage companies. The judges consider specific criteria when evaluating the Applications and later, the business plans, however ultimately, winning teams usually are those which the judges find innovative with  promising team, having good potential for market success and hence are fundable.

 Prizes

Cash Prizes + Mentorship+ Opportunity to get Incubation & Funding+ Networking and Visibility amongst entrepreneurial legends

 

Competition Calendar

The Big Idea Challenge Application Submission 15.12.2017
Result announcement for Next round Please check this website, tentatively in 3rd  week of December 2017
Business Modelling Boot Camp Please check this website, tentatively in Last  week of December 2017
Submission of Complete Business Plan & Mentor Allocation Please check this website, tentatively in the 3rd week of January 2018
Pitching to the Committee Tentatively in the 4d  week of January 2018
Top 10 Finalists Live Pitching 03.02.2018

DISCLAIMER

  1. At the time of entry, entrants are deemed to have read, understood and be in agreement with the Contest Rules. The Organizers (TREC-STEP and YI) reserve the right to rule on any issue(s) not covered by these Contest Rules and also reserve the right to cancel or amend the Contest or modify the Contest Rules at their discretion without prior notice, if necessary. Decisions of the Contest Jury will be final in deciding the Winners of BIG Idea Challenge.
  1. Each participant/team is the sole owner of all intellectual property rights of the Entry. However the participant understands that Organizing team may reproduce and publicly display the Entry including, but not limited to, the right to make screenshots, photos and video clips available for promotional purposes in the media, in the future. However, by no means will the Contest Entry and all accompanying information be used for non-Contest related purposes.
  1. With regard to the application, the Entrant/ Team understands and agrees that he/ she is solely and fully responsible for all aspects of the contest application and its content, including but not limited to its lawfulness and non-infringement of any third party individual property rights, and agrees that the Organizers shall not be liable in any way for any such contest Entries.
  1. Qualified Innovators must meet TREC-STEP’s due diligence criteria for selection under the Seed Support programme.