StartupEd is a launchpad that equips and empowers students to build their own companies.
We are a tech entrepreneurship school that educates young leaders and incubates innovative startups. Our mission is to inspire and foster a culture of innovation and to create an ecosystem of entrepreneurship in India.
The business plan competition encourages students to develop their unique ideas for new products or services into a profitable business. Student learn how to write an effective business plan while competing for cash prizes.
Any type of business idea is acceptable. However, one must create a business plan describing a business idea that is wholly original and based on independent thinking. If the idea includes or is based on scientific knowledge and developments that might be considered "intellectual property", one must certify and attest to the fact that the science or innovation is the result of their independent work; any monies that may result from the competition are to the benefit of the person.
The certification of the ownership of the technology must be verifiable. Failure to do so will result in disqualification and/or forfeiture of any prize money won. Students will not be permitted to present ideas based on science and technology owned by third parties. The organizers of the competition may disqualify any person failing to comply with the spirit and intent of this rule and shall be held harmless due to such action.
A live intern is our representative on ground who works in their own campus and promotes our platform. They will have to get a minimum of 500 users on the website and increase awareness about the brand.
In our standard deals - we'll invest up to $25k in return for at least 7% of the company's equity. While we may deviate from this in exceptional cases, it will still be the case for almost all of the companies we fund.
Yes. The way we deal with it is that when two startups are working on related stuff, we don't talk to one about what the other's doing. In practice it has not turned out to be a problem, because most big markets have room for several slightly different solutions, and it's unlikely that two startups would do precisely the same thing.
No, we won't sign an NDA. No investment entity would at this stage. The informal commitment to secrecy on our application form is more than any investment entity would make. In this connection you may want to read the first section of How to Start a Startup on the value of mere ideas.
Half (maybe more) of the startups we fund don't need the money. StartupEd provides more resources than just funding. The money we invest works more like financial aid in college: it ensures that the people who do need money can cover their living expenses while StartupEd is happening.