• The top five winners will be offered incubation at either the Indian Institute of Management, Bangalore, or Indian Institute of Management, Ahmedabad, which includes up to Rs50 lakh seed funding.
• The winners also get direct pitches to the Indian Angel Network and the Mumbai Angels.
• One winner gets admission to the Microsoft Startup Accelerator Program, which offers coaching, technology and business development support.
• The 30 shortlisted companies get admission to TiE’s Mumbai’s entrepreneurship nurturing program.
• Lots of publicity and community feedback via in-depth profiles, expert reviews and audio/video pitches on NEN’s website and other affiliated sites and publications.
• Interact with a large network of entrepreneurs, investors and potential customers.
Criteria for nomination
A start-up has to satisfy three conditions to qualify as a valid nomination. These are:
• A registered company: This means an operating business, not an idea, or a plan.
• Headquartered in India: Cross-border companies with Indian operations, but headquartered in, say, the US will not qualify.
• Five years, or younger: Companies registered in 2003, or later.
• An independent business: It cannot be a subdivision of a larger company.
List of companies
• Redbus:Online bus booking service
• The Viewspaper: Online newspaper targeted at the youth
• The Loot: Multi-brand discount store chain
• Spring Blossom: Online flower and gift delivery service
• GoSports India: Sports management company
• Tyroo: Online matching of ads with publishers
• Blink Media: Display advertising on shopping carts
• DhanaX: P2P money lending platform
• Sarga Ecotextile: Organic fabric and furnishing
• Telibrahma: Location-based service, ads on Bluetooth
List of experts
MD, Helion Venture Partners
MD, NEA-IndoUS Ventures
MD, Canaan Partners
CEO, Info Edge
Founder and CEO, Rediff