OpenIDEO is an open innovation platform. Join our global community to solve big challenges for social good. Sign Up / Login or Learn more

'The Power Of Ideas' by The Economic Times: Media encouraging Entrepreneurship

A remarkable initiative by a media giant to encourage the common citizen to think outside the box and come up with an idea, which can be developed into business with help of academia, government and industry alike.

Photo of DeletedUser
1 2

Written by DeletedUser


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.

1 comment

Join the conversation:

Photo of DeletedUser


Very inspiring video - now we need to see what the entrepreneurs have done with their ideas and their monies to deliver world benefit.