Here's emerging India. Innovative, interesting and serious business ideas with great potential are taking shape in India.
The TiE-ISB Connect 2006 -- jointly hosted by the Hyderabad-based Indian School of Business, along with the Hyderabad chapter of The IndUS Entrepreneurs to bring together aspiring entrepreneurs, start-ups, venture capitalists, entrepreneurs and academicians, on a common platform to interact and help build successful enterprises -- received 220 business plans, looking for VC funding.
Of these, 20 business plans have been shortlisted for a direct interaction with venture capitalists. The business plans that ISB Connect received have more than doubled from 80 last year to 220 this year.
A networking event for entrepreneurs and investors, the TiE-ISB Connect 2006 forum gives a platform to that aspiring entrepreneurs, start ups and growth-stage ventures to interact with potential investors, successful entrepreneurs and mentors.
The shortlisted entrepreneurs in the first 20 list will get half an hour each with five venture capitalists to give their presentations and try to earn funding for their dream projects.
Besides this, about 20 plans have been approved for a 5-minute interaction with VCs in a session called 'Elevator Pitch.' About 25 VCs will be present to gauge the potential of these ideas.
"The most interesting part of the first 20 list is that five of the plans are at the idea stage. We feel that these are excellent ideas and will get VC support. But VC funding is always a personal choice so at this stage, it is not certain how
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