Eureka! Home

About Us

Workshops

Eureka! Portal

Connect With Us

Press & Media

FAQs

Results


The Incentives as mentioned below is in accordance with the Incentives section on pages 14-17 of the Competition Manual.

Click on the table to enlarge

Cash Prizes

Winner INR 5,00,000
Runner-Up INR 3,00,000

Special Awards

Technology and Sustainable Development Award A prize money of INR 3,00,000 will be awarded based on the criteria put forth by IIT Bombay Class of 1985.
Eureka! Youth Award A prize money of INR 1,00,000 will be awarded to the best youth entry. Click here to view the eligibility criteria for this prize.
IIT Bombay B-Plan of the Year Award A prize money of INR 75,000 will be awarded to the best entry from IIT Bombay. Click here to view the eligibility for this prize.

People's Choice Award:

  • A chance to be voted as the best team by popular choice.
  • Only teams that qualify for the 3rd round i.e. The Pitching Round will be eligible to compete for this award.
  • Details coming up soon.

E-Bootcamp, BASES, Stanford University

Comprises a direct entry to the finals of The E-Bootcamp organized by BASES (Business Association of Stanford Entrepreneurial Students), Stanford University.

Detail of E-Bootcamp event:

  1. Venue: Stanford, California
    Dates: First half of April, 2013
  2. 35 teams will be selected from all over the globe. From Asia, through a collaboration with E-Cell, IIT Bombay, selected Eureka! Winners will be given entry to the same.
  3. It’s a 6 day program
    • On the first 2 days,all teams will be visiting start-ups and companies based in Silicon Valley. They will also be meeting CEO/CTO/Founder(s) of giants like Facebook, Google, etc personally.
    • For the next four days, the teams will pitch their business ideas in front of top Venture Capitalists of Silicon Valley.
  4. Accommodation and food in California to all teams. From each team only one representative will be able to attend the bootcamp.

Note: It is a prerequisite for the IIT Bombay B-Plan of the Year Award winner to be among Eureka! finalists (round 3 entrants) to be eligible for this incentive. If it does not feature among the finalists, IIT-B alumnus entry will be eligible for incentive.

Consultancy Prizes

  1. Legal Consultancy by Nishith Desai Associates (https://www.nishithdesai.com/)
  2. Financial Consultancy by Activitas Management Advisors Pvt Ltd (https://activitas.co.in/) worth INR 2,00,000 in totality.
  3. HR and Scaling up solutions by Euphoria Consultancy (https://www.euphoriaindia.com/) for the next 3 months after the declaration of Eureka! finals worth INR 1,50,000 in totality.
  4. PR Consultancy by Approach Communications (https://www.approachcom.com/) for 1 month worth INR 2,00,000 in totality.

Office Solutions

Office space worth INR 4,50,000 in totality by Regus Associates (https://www.regus.co.in/) will be awarded in the city/town of choice.

Accelerator Opportunity

Direct entry to the live-in phase of the accelerator program at The Morpheus. Details can be found at https://themorpheus.com/our-program/

Social Media Course

A month long free online course social media certificate course by Digital Vidya worth INR 1,00,000 in totality.

Opportunities to Secure Funding

Eureka! finalists (teams that qualify for the Pitching Round) will receive a chance to pitch their plan in front of a panel of angel investors and venture capitalists from organizations like:

  • Indian Angel Investor
  • Mumbai Angels

This pitch to the venture capitalists, normally involves a 4 month long process where only 4 plans are selected out of all applications every month. Through Eureka!, teams will get direct entry to make such a pitch.

Mentoring Opportunities

Online and offline mentoring to the teams that qualify for the Business Plan round (semi-finalists) of Eureka! from seasoned mentors (of a sector as requested) and business experts. This will be starting from 28th November till the final business plan submission. The finalists will continue the mentorship program for the final business plan presentation formation.

Mentor's Meet

Semi-finalists' teams to meet industry experts, business advisors and consultants in the month of December wherein they can get feedback on their business plans before executive summary submission.

Note: The awards mentioned above will be awarded to winners depending upon their positions in the Final Round (The Pitching Round). To know the exact details of the prize packages associated with each position, please refer to table above.

A Query Solution Platform For All Participants

Participants will be provided a platform to get their queries answered, as they make their business plans, from a panel of experts during the competition cycle.

Terms Regarding Prize Allocation

  1. Teams do not have to make separate entries to compete for special awards.
  2. One team cannot win more than one prize package out of the top 7 prize packages mentioned in the table above i.e. all prize packages that have cash awards.
  3. Before the Pitching Round, finalist teams will have to submit a priority list of the prize packages in case they are eligible for more than one prize package. To view the eligibility of prizes, click here.
  4. Prize allocation will be done considering both, the priority lists and merit lists of each prize package.

Please find terms and the timeline for the distribution of all cash prizes here.

Cash Prizes

Winner INR 1,00,000
Runner-up INR 50,000

Special Awards

Technology and Sustainable Development Award A prize money of INR 3,00,000 will be awarded based on the criteria put forth by IIT Bombay Class of 1985.
Eureka! Youth Award A prize money of INR 1,00,000 will be awarded to the best youth entry. Click here to view the eligibility criteria for this prize.
IIT Bombay B-Plan of the Year Award A prize money of INR 75,000 will be awarded to the best entry from IIT Bombay. Click here to view the eligibility for this prize.

People's Choice Award:

  • A chance to be voted as the best team by popular choice.
  • Only teams that qualify for the 3rd round i.e. The Pitching Round will be eligible to compete for this award.
  • Details coming up soon.

E-Bootcamp, BASES, Stanford University

Comprises a direct entry to the finals of The E-Bootcamp organized by BASES (Business Association of Stanford Entrepreneurial Students), Stanford University.

Detail of E-Bootcamp event:

  1. Venue: Stanford, California
    Dates: First half of April, 2013
  2. 35 teams will be selected from all over the globe. From Asia, through a collaboration with E-Cell, IIT Bombay, selected Eureka! Winners will be given entry to the same.
  3. It’s a 6 day program
    • On the first 2 days,all teams will be visiting start-ups and companies based in Silicon Valley. They will also be meeting CEO/CTO/Founder(s) of giants like Facebook, Google, etc personally.
    • For the next four days, the teams will pitch their business ideas in front of top Venture Capitalists of Silicon Valley.

Accommodation and food in California to all teams. From each team only one representative will be able to attend the bootcamp.

Note: It is a prerequisite for the IIT Bombay B-Plan of the Year Award winner to be among Eureka! finalists (round 3 entrants) to be eligible for this incentive. If it does not feature among the finalists, IIT-B alumnus entry will be eligible for incentive.

Consultancy Prizes

  1. Legal Consultancy by Nishith Desai Associates (https://www.nishithdesai.com/).
  2. Financial Consultancy by Activitas Management Advisors Pvt Ltd (https://activitas.co.in/) worth INR 2,00,000 in totality.
  3. HR and Scaling up solutions by Euphoria Consultancy (https://www.euphoriaindia.com/) for the next 3 months after the declaration of Eureka! finals worth INR 1,50,000 in totality.
  4. IP and related consultancy by Brain League (https://brainleague.com/) worth INR 4,00,000 in totality.
  5. PR Consultancy by Approach Communications (https://www.approachcom.com/) for 1 month worth INR 2,00,000 in totality.

Office Solutions

Office space worth INR 4,50,000 in totality by Regus Associates (https://www.regus.co.in/) will be awarded in the city/town of choice.

Accelerator Opportunity

Direct entry to the live-in phase of the accelerator program at The Morpheus. Details can be found at https://themorpheus.com/our-program/

Social Media Course

A month long free online course social media certificate course by Digital Vidya worth INR 1,00,000 in totality.

Opportunities to Secure Funding

Eureka! finalists (teams that qualify for the Pitching Round) will receive a chance to pitch their plan in front of a panel of angel investors and venture capitalists that form our judging panel. This pitch to the venture capitalists, normally involves a 4 month long process where only 4 plans are selected out of all applications every month. Through Eureka!, teams will get direct entry to make such a pitch.

Mentoring Opportunities

Online and offline mentoring to the teams that qualify for the Business Plan round (semi-finalists) of Eureka! from seasoned mentors (of a sector as requested) and business experts. This will be starting from 28th November till the final business plan submission. The finalists will continue the mentorship program for the final business plan presentation formation.

Mentor's Meet

Semi-finalists teams to meet industry experts, business advisors and consultants in the month of December wherein they can get feedback on their business plans before executive summary submission.

Note: It is a prerequisite for the IIT Bombay B-Plan of the Year Award winner to be among Eureka! finalists (round 3 entrants) to be eligible for this incentive. If it does not feature among the finalists, IIT-B alumnus entry will be eligible for incentive.

A Query Solution Platform For All Participants

Participants will be provided a platform to get their queries answered, as they make their business plans, from a panel of experts during the competition cycle.

Terms Regarding Prize Allocation

  1. Teams do not have to make separate entries to compete for special awards.
  2. One team cannot win more than one prize package out of the top 7 prize packages mentioned in the table above i.e. all prize packages that have cash awards.
  3. Before the Pitching Round, finalist teams will have to submit a priority list of the prize packages in case they are eligible for more than one prize package. To view the eligibility of prizes, click here.
  4. Prize allocation will be done considering both, the priority lists and merit lists of each prize package.

Please find terms and the timeline for the distribution of all cash prizes here.