Register Now!

ABOUT

The time has come to give back to the people around you. The time has come to merge business acumen with a tinge of entrepreneurship skills, to pave way for a better world. Rather than leaving society's needs to the government or business sectors, devise a way to alleviate social evils, poverty, agricultural deficits, unemployment, illiteracy, etc. Bring forth your idea to cover the loopholes in the life of a common man and we'll give you a chance to make this idea a reality.

Compete to solve the world’s toughest challenges. UpStart Socha aims to create a platform to a rigorous evaluation and launch the most compelling social business ideas – start-up enterprises that tackle grave issues faced by billions of people .

  • One Step Registration:

    All participating startups have to register via one step process.The participants need to fill the concerned details and top startups will be shortlisted for the Final Round Mentoring sessions, to be held in IIT Kanpur during eSummit'18.

  • Elevator Pitch:

    The teams have to pitch their summary to an panel in under 200 seconds. It is a prerequisite to the finale and will be held in campus on 24th August. It has a 25% weightage in the total evaluation. The best pitches will also receive a cash prize.

  • Final Pitch:

    The participating teams have to make a ten minute presentation in front of our panel of judges on the 25th August at IIT Kanpur. The presentation will comprise of a 7 minute pitch followed by a 3-4 minute QnA round .

  • Intensive Mentoring Sessions:

    Mentorship would begin in the first week of september and go on till December 31, 2018.


JUDGING CRITERIA

  • Concept
    • Originality of Idea.
    • Scalability, in terms of the potential for growth and replication of the venture.
    • Well-conceived implementation plan and timetable.
    • Overall likelihood of achieving demonstrable results
  • Market
    • Evidence of demand for the venture in the marketplace; market size and growth opportunity.
    • Demonstrated knowledge of target market
    • Competitive analysis , SWOT analysis
    • Marketing Plan addresses (wherever applicable): positioning, pricing, advertising, promotion, packaging, timetable.
  • Performance Benchmarks
    • Outline the development of systems to track, monitor and assess the performance milestones articulated in venture plan
  • Financial Aspects
    • Fundability: The potential for the venture to receive financial support from additional investors/donors(including opportunities for funding from foundations, social venture funds, angel investors and venture capitalists)
    • The rigor and feasibility of the venture's financial model and goals
    • Potential for follow-on funding to grow the venture through self-sufficiency or profitability.
  • Social Value Proposition
    • Integration of Social Impact in business model: Impact scales as company grows.
    • Venture generates social value beyond current state or next best available option .
  • Social Impact Assessment
    • Venture is supported by a well-articulated theory of change and impact value chain.
    • Team has designed a clear and feasible plan for measuring and evaluating social impact.
  • Risk Assessment and Contingency Plans
    • Identify risk factors associated with the enterprise and external environment. Develop a plan for mitigating them.

  • Demonstrated Leadership Ability
    • Quantify venture leader's ability to develop people, promote change and achieve results
  • Improvement
    • Improvement in the business plan from original proposal, post the mentoring session, will be taken into consideration.

ELIGIBILITY

As Upstart is a competition meant only for initial phase startups, we have put the following criteria for entry into the Final Round:

  • Only businesses with a for-profit model are eligible.
  • Your business must have a social impact.
  • Your enterprise must have a prototype of its product or service and has conducted a significant number of pilots in the field, or must be already in operation. It must have conducted one pilot at least.
  • Enterprises which have been in operation for more than 3 years from the date of the incorporation will not be considered.
  • Submissions may be entered as individuals or teams (max 3). Only the individual or the team members who have registered may pitch to the panel of judges and answer questions.
  • You must apply online and be present to pitch. You will be notified ahead of time if you are selected to pitch.
  • No member of the organising team is allowed to participate in the competition.

Timeline

SoCha Launch

July 15

Deadline for Registration

August 5

Results

August 12

UpStart SoCha

August 24 - August 25

Mentor Connect

September 4 - December 31

ABSTRACT FORMAT

Guidelines:

  •    All participants are required to Register via a one step prcoess online.
  •    This year we are not accepting any submissions via mail or offline.
  •    You must separately register for eSummit '18, if you have not yet done so.

Terms And Conditions

  1. It is mandatory for participants to register online for eSummit ‘18.
  2. NO offline submissions for SoCha will be accepted.
  3. Contestants are free to participate in other business plan competitions as well.
  4. Entries submitted after the deadline shall not be considered.
  5. Entries need to have an innovative value (an innovative idea provides a solution for a new need, or advancement compared to existing products, services or technologies).
  6. The confidentiality of the entries/ideas is guaranteed.
  7. The registration form and entries of the teams shall not be returned and their personal data will remain available only for statistical purposes.
  8. Entries remain the property of their legal owner.
  9. All conflicts are subject to jurisdiction of Kanpur courts only.

Shivang Goyal
Head, Events
+91-7976886760
shivang@ecelliitk.com

Rahul Chandna
Head, Events
+91-8209095911
rahul@ecelliitk.com

Vivek Jain
Head, Events
+91-7318020843
vivek@ecelliitk.com

©Copyright- E-Cell IITK. All rights reserved.