IIT Kharagpur has planned to host Empresario 2017 in association with International Business Model Competition (IBMC). The event is an initiative by the Entrepreneurship Cell of the college.
Formed in the year 2006, the cell is a non-profit student’s organization that has especially been set up to nurture entrepreneurship spirit among students. It has been involved in helping start-ups set up their business ever since its inception. The purpose of organizing Empresario is also the same. It is aimed at giving upcoming start-ups the right methodology to work on so that they can grow on to become successful businesses.
As a part of this event, business ideas would be invited in various fields including product design, product and service and social categories. The best idea will stand a chance to win a prize and incubation money as high as Rs. 2.5 crore. The shortlisted entries shall get the chance to be mentored by industry experts and the winners will be given the opportunity to pitch their ideas to some of the biggest VCs and investors in the country.
The top entries in each category will get a chance to take part in the semi-final round of IBMC 2017 that shall be organized abroad. The grand finale at Global Entrepreneurship Summit (GES) shall be organized post the semi final round. This is the biggest collegiate entrepreneurial summit held in India each year in the month of January.
Those interested can log on to www.ecell-iitkgp.org/empresario to get the application details.