
Startups are what people are looking at during these times.Startups can come out great depending upon the services they offer and innovation they apply.
Don’t forget that Google,the World’s unbeatable leader in Search Engine Industry was also a startup 10 years ago.Then,Google founded by Stanford dropouts Larry Page and Sergey Brin received heavy funding from companies like Yahoo.But as you shouldn’t be surprised,Google is in a position to acquire Yahoo.Such can be the impact of a startup if innovation/services come before personal profits.
To discover such exciting startups and encourage many others still in the pipeline,The Tata Group and National Entrepreneurship Network(NEN) have taken an initiative to award 5 hottest startups in India.These awards titled “TATA NEN Hottest Startup Awards” are People’s choice awards where any individual can nominate a startup and vote.The nominations made are first studied by NEN and if they clear eligibility criteria,they are opened to the public for voting.
The deadline to submit nominations is 22nd October.The initial voting phase I(started 27th August) continues till 5th November .Based on the resultsof ,top 30 startups are nominated for the 2nd phase of public voting which continues till 22nd December.On 23rd December,the voting results decide the top 5 Hottest startups which are announced as winners.
In addition to a lot of exposure to markets and potential customers,the winners can bag the following prizes:
- Business training, mentoring and incubation support of upto Rs. 50 lakhs by IIM-Ahmedabad and CIIE.
- Incubation opportunity to a befitting venture by IIM-Bangalore and NS Raghavan Centre for Entrepreneurial Learning (NSRCEL).
- Admission to Microsoft’s StartUp Accelerator Program for at least one winner.
All the 30 shortlisted startups will receive direct admission to pitch to Angels courtesy Indian Angel Network and Mumbai Angels and admission to TiE’s nurturing program.
All nominated startup companies are invited to the TATA NEN Hottest Startup Funding Challenge 2008. The funding will be provided by Seedfund and the winner could receive 2 to 3 crores of investment capital from them.
Eligibilty requirements:
To be eligible for phase I voting,the startup should be a registered company headquartered in India and should be 5 years or younger.
So,if you are working/came across any exciting startup,don’t hesitate to nominate and vote for it.Let’s make “TATA NEN Hottest Startup Awards” a successful one.