CIIE is to present the 2012 edition of India’s largest startup search program- The Power of Ideas. The Economic Times, Department of Science and Technology and CIIE have once again partnered to continue the efforts of strengthening the Indian startup ecosystem.
The program aspires to identify and support the most innovative idea and early stage enterprises and support them through mentoring, incubation support, cash awards and seed funding.
In 2010, the program awarded 1.95 crore in cash and 3 crore in seed funding. The POI 2010 startups also received support from CIIE and have raised more than 22 crores in external funding post the program. Rustam and Surga/Sreeram, who are members of this group were beneficiaries in 2010.
This year the corpus of the program has been increased to a total of INR 6.2 crore with 4 crore marked for seed funding and INR 2.2 crore to be disbursed as cash awards. The program is sector agnostic and hence wide variety of startups (including non tech startups) can benefit from it.
To participate in the programme, http://www.ideas.economictimes.com/participate. The deadline for submission of the Business Summary Format is June 25, 6pm.
Queries: If you have a specific query/feedback about the programme, share it at:
Economic Times: firstname.lastname@example.org
CIIE : email@example.com