New
Delhi, May 5, 2014: CapitalVia Global Research
Limited’s India Ideathon completed its second phase. India
Ideathon, which opened on October 5 to honour fresh and
innovative business ideas, proved to be a huge platform for aspiring
entrepreneurs. A competitive forum with a jury of the best industry
representatives, India Ideathon has chosen 18 most promising ideas
from among many responses received from across India. The jury, which
comprised of prominent industry representatives, declared the second
Phase results on May 1st. The competition for the first Phase ended
on March 23rd.
While
the best idea in this Phase will get a cash prize of Rs 1 lakh and
qualify for the next round, the winner might bag seed funding of Rs
25 lakh to kick-start his business. The first and second runners-ups
will win Rs 50,000 and Rs 25,000, respectively, while the rest will
get cash prizes and certificates of appreciation.
Top
18 ideas are selected from state like Delhi, Maharashtra, Madhya
Pradesh, Jharkhand, Karnataka, West Bengal and Rajasthan. All 18 best
ideas have been displayed on the India Ideathon website, Out of top
eighteen winners, one winner will qualify for Phase III and that
would be a seed funding phase. CapitalVia will arrange for a seed
funding of INR 25 Lacs (INR Twenty Five Lacs only) to jumpstart the
project, subject to terms and conditions fulfilled by the
participant. Since, this is a seed funding phase that CapitalVia will
arrange for the winner, it will be governed by the legal and
financial terms & conditions.
Initiated
in partnership with Valueleaf, the campaign aims to provide aspiring
entrepreneurs with a platform and help turn their ideas into reality.
This
innovative initiative is in keeping with CapitalVia Global
Research Limited, Founder & CEO, Rohit Gadia's strong
belief in people and the power of their minds. A successful
entrepreneur who has propelled his company at a very rapid pace over
the past six years, Mr. Gadia believes the answer of many business
challenges lies in unexplored realms of young minds.
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