Kochi: IISc Bangalore was awarded the TiE Kerala Rolling Trophy in White Knight Business Plan Competition jointly organised by TIE Kerala and IIM Kozhikode. The winners will also be able to participate in the regional finals of TiE International Business Plan competition at USA next year.
The nine top teams selected to participate in the competition will get an opportunity to pitch to Venture Capitalists at the forthcoming TiEcon Kerala 2013 to be held on December 13-14, 2013 at Kochi.
White Knight Business Plan Completion aims at encouraging entrepreneurship by providing a platform for new ideas and innovations to make them success stories. Total nine teams were selected for the final round from 140 entries received from students of business schools, working professionals and start-ups. The entries were invited in three different categories – Making Business Sense of Technology, Products and Services, and Social Entrepreneurship.
The winner team’s business idea revolved around the theory of DNA-probe based Malaria detection test. The first runners-up IRMA, presented their idea of female condoms in the category of social entrepreneurship. And the Indian School of Business, Hyderabad, in the category of ‘Making Business Sense of Technology’ came third. The prizes included prize money of rupees one lac.
The judges were Ankit Solanki, Senior Analyst at Mumbai Angels; Nagaraja Prakasam, Venture Advisor & Angel Investor and Roshan Kynadi, Entrepreneur & Mentor. The competition was sponsored by Cognizant. Renowned venture capital firms Mumbai Angels and India Angel Network were the knowledge partners. White Knight Business Plan Completion was jointly organised by TiE Kerala and IIM Kozhikode, as part of the Backwaters 2013, an annual management festival of the institute.
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