16,000 business ideas. 850 entrepreneurs mentored. 74 start-ups given intensive mentoring over nine days at IIM Ahmedabad.45 entrepreneurs given cash grants and 15 provided seed funding. That was The Power of Ideas in 2010.
The programme is conducted by The Economic Times in partnership with Department of Science & Technology (DST), Government of India. DST brings its immense expertise and relationships in the entrepreneurial space and corpus of Rs. 6.2 crore of guaranteed funds, which are open to all deserving ideas with genuine innovation on their mind, regardless of whether they have just an idea or a fully functional start-up.
Working alongside ET and DST is IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE), which has grown from being the incubation centre of IIM Ahmedabad to a leader in the field of mentoring, guiding and making business ideas investor-ready. CIIE evaluate every single business idea received as part of the programme. The most deserving ideas will be given personalized mentoring.
In the last phase, entrepreneurs who make it to the final cut-off will be taken through a ten-day period of intensive mentoring by CIIE, as a residential programme at IIM Ahmedabad.
As this unique public-private-academia partnership drives the spirit of innovation forward in India, all those with an idea are invited to join the movement.