Bilkulonline.com, Ahmedabad, July 8: Entrepreneurship Cell of Indian Institute of Management Ahmedabad (IIMA) and Matrix Partners India proudly announce the launch of Masterplan 2017, the annual business plan competition of IIM Ahmedabad. Masterplan seeks to identify budding entrepreneurs to contribute to India’s buzzing economy. Entre Cell, IIMA organizes it, in collaboration with the Centre for Innovation Incubation and Entrepreneurship (CIIE) and the Red Brick Summit, IIMA.
Every year, over 500 start-ups showcase their business, novelty, and vision for their ideas and receive mentorship, funding and prize money. The final pitching event will be held during The Red Brick Summit, IIM-A’s annual international business summit on 29th September 2017. According to Prof. Amit Karna, Chairperson, CIIE and Associate Professor at the Business Policy area of Indian Institute of Management Ahmedabad (IIMA), “The competition is aimed at identifying, encouraging and celebrating early stage entrepreneurial ideas from institutes across the country. We at CIIE are committed to helping potential entrepreneurs convert their ambitions and dreams into reality, and we see Masterplan as a very effective platform for it”.
The 2017 edition of Masterplan will witness top ten teams from all over India battling it out for the “One Crore Challenge” – where entrepreneurs pitch their business models to a panel of investors. The participants will be evaluated and mentored by Matrix Partners India and CIIE.
Matrix Partners India is an investment firm with INR 4,500 crore under management. The firm invests in companies targeting the Indian consumer market at the seed, early and early growth stages. The firm has invested in several market leading companies in the consumer technology space including Ola (local transportation), Quikr (online classifieds), Practo (digital health platform), Dailyhunt (mobile local language platform), Mswipe (payments solution), Limeroad (mobile social commerce marketplace), Five Star Finance (SME lending), Belong (recruitment platform) and OfBusiness (B2B marketplace) among others. Matrix Partners has a global network of funds investing in the US, China and India with US $4 billion under management.
The students and start-ups across India from all engineering and management disciplines are invited to take part in this event. The registrations for the challenge will close on 31st July 2017. Interested participants can register at: http://entrecell.iima.ac.in/masterplan/