IDEATE - VALIDATE - INITIATE

POWER2IDEA
Delhi Edition at Hansraj College

ecell-hansraj 31 January - 2 February, 2019 Hansraj College, Delhi
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About POWER2IDEA

POWER2IDEA is an initiative by INNOLABZ to bring the dynamic communities of innovators and entrepreneurs together. It is a collaborative competition to develop extraordinary ideas that hold viable solutions.
If you are an entrepreneur with an igniting idea, this is a great opportunity for you to gain recognition and advance professionally.
POWER2IDEA will provide incubation and investment to the unaided but deserving innovators.
Through POWER2IDEA, InnoLabZ aims to make Indian youth inventive & creative. It is striving to add value to the country's rich knowledge-base.

InnoLabZ is an initiative to noodle out the real creativity and innovation in you, business is not just about money, competition but to support each other to bring ease to our customer.

Who can participate in POWER2IDEA?

To keep the participation open and wide, Applications are open for all students, working professionals and entrepreneurs.
If your idea may empower the economy, POWER2IDEA may empower your 'idea'.

Join Innolabz Community:

About B-Plan Competition:

Round 1 (Shortlisting) - Abstract Submission:

This is a shortlisting Round. The abstract is a basic overview of your business idea, its objective, projections and roadmap. Upon successful submission, your abstract will be evaluated on Innolabz signature format:

  • R - Research
  • S -Sustainability
  • V -Viability
  • P -Profitability

Round 2 (Final) - B-Plan Presentation:

The shortlisted candidates from Round-1 will get opportunity to present their idea in front of Jury Panel of Innolabz at Hansraj College campus, Delhi.

Rewards

  • Winner: Rs 30,000/- Cash Prize + Free incubation and mentoring support by InnoLabZ Ventures for a period of 6 months.
  • Runner Up: Rs 20,000/- Cash Prize + 3 sessions of Mentoring on Financial, Digital and Go-to Market Strategy.
  • Note: All the participants will be awarded a ‘Participation Certificate’ for their valuable participation in the event.

Applications are open to register online for POWER2IDEA shortlisting round.

  • Fill the details
  • Make the payment for Registration fee
  • A link will appear upon the payment of the registration fee. The link will direct the applicant to a questionnaire. The applicant shall answer ALL questions in brief to complete the application procedure.
The shortlisted applicants will be informed and will be sent their confirmation to secure the ‘Entry Pass’ for entering the final event through mail and will get an opportunity to showcase their idea at Hansraj College in front of eminent panel of Investors and Specialized Mentors.

Eligibility

  • The event is open for teams comprising of students, corporate professionals, entrepreneurs as well as other independent individuals
  • The event welcomes both the Idea-stage and Start-up stage entries
  • Rewards for the winners in the respective categories are:
    • Idea Stage Entries: Prize money, Mentoring and Incubation
    • MVP stage/Running Start-ups: Prize money/Investment and Mentoring

Team:

  • A team must have a minimum of 2 and a maximum of 4 members.
  • One team is allowed to pitch only 1 idea per registration. If a team or a member wishes to pitch more than 1 idea, they shall have to register separately for both the entries.
  • Once the team has registered, any changes in the team structure or participation shall not be entertained.
  • The registration fee is non-refundable for the shortlisted ideas.

Timeline:

REGISTRATION Ends on 15th January, 2019
ABSTRACT SUBMISSION Ends on 15th January, 2019
RESULT OF ROUND 1 (all categories) 18th January, 2019
PITCH-DECK SUBMISSION (for teams shortlisted in running startup category)
  • Starts from18th January, 2019
  • Ends on 20th January, 2019

Note: This is not a shortlisting round. But submission of pitch deck is mandatory for all teams shortlisted in running startup category. Failing to which, team will not be allowed to present in FINAL PITCH and no refund will be given.
FINAL PITCH (for all shortlisted teams) 31st January, 2019 - 2nd February, 2019
REGISTRATION FEE The registration fee is INR 999/- for all team size. If team gets shortlisted in any category, no extra charge has to be paid. If team doesn't gets shortlisted, INR 799/- will be refunded within 3-5 working days after shortlisting result announcement