E-Summit 2010

Click the Results tab to view the 12 shortlisted teams for Vulture's Nest 2010.

Vulture's Nest is an unique initiative taken by The Entrepreneurship Cell, IIT Bombay. Set in a reality show format,which will be aired on ET Now, the participants get an opportunity to pitch in front of investors about their startup. The best will be selected from the regional stages for the finals at The Entrepreneurship Summit 2010 where they will get exposure to funding opportunities from top Venture Capitalists. Don't miss out this golden opportunity. If funding is what you need for your startup, Vulture's nest is for you.

Registration for Stage 1 closes on 6th January, 2010.

To participate in Vulture's Nest Stage 1, follow these steps:

Register for Vulture's Nest. You will get a Unique-ID after registration.
Email your Executive Summaries to vultures_nest@ecell.in with Subject "Registration VN-#" where '#' gets replaced by your Unique-ID. You must send this email form the same email that you registered from.
Please make your Executive Summary based on the points mentioned here - PDF (Right Click-> Save Link As)
Last date for emailing your Executive Summaries is 6th January 2010. Please refer to Process section for more submission guidelines.

For any queries, contact:
Abhishek Gupta
Ph: +91 98330 54826
abhishekgupta@ecell.in

Stage 1:
Entries will be short-listed on the basis of the executive summaries (4 pages) of their business plans. Selected teams will be invited to present their business ideas to a panel of V.C.'s at E-summit 2010.
Executive Summary Format:

Windows Word (.DOC) format or (.PDF) format only.
Times New Roman 12 pt font.
Page Margins 1" all around.
Not to exceed four pages.
Participants should note that when including references it should be part of the executive summary. No seperate documents should be attached.
Please make it precise and attractive - use sub-headings, bullets, charts, graphs, tables etc instead of running matte
Entries are expected to mention the amount of funding they seek.
Please make your Executive Summary based on the points mentioned here - PDF (Right Click-> Save Link As)

Stage 2 :
20 teams shortlisted on the basis of executive summaries from each regional sector shall be called for pitching in front of investors in preliminary round which will be conducted in Mumbai , Banglore and Delhi on 15 , 16 and 17 January respectively. Each team will be given a slot of 15 minutes in which 5 minute for pitch and 10 minutes for Question and Answer session with the investors.
All the presentations will be closed room. It is expected that teams come up with effective pitches, the use of visual aids like presentations, product demonstrations is allowed. The is no cap on the number of team mates coming for the pitch.

Stage 3:
Top 12 teams shall be called down to the finals of Vulture's Nest at E-Summit 2010 for their final pitches.

Vulture's Nest at E-Summit 2010 is meant for early stage startups who are looking for seed money or second round funding after having begun some sort of operations and to the teams who have developed their alpha/beta product (or service).

The criteria for selection:

Before submission of executive summaries; the teams must satisfy the following criteria: Teams who have developed their alpha/beta product (or service) and must have a prototype ready.
The teams must reference their product/service by at least 1 person who hold significant importance in its value chain or development cycle and include these references with their executive summaries.
Teams may not have any significant cash flows, revenues. A prior funding history may not be objectionable for participation but the gross revenues (which may include prior funding, profits, loans, etc) of the company must not be more than INR 2 crores.

Timeline:

First Round Submissions: December 10th 2009 to January 6th 2010.
Regional pitching of selected teams at Delhi, Bangalore and Mumbai on January 16 and 17 2010.
Vulture's nest finals at The entrepreneurship summit 2010 7th February 2010.