If you want to open your own start up and need funds for it, or if you already have a startup and need funds to run it, this might turn out to be your lucky day.
Bihar Entrepreneurs association (BEA) is inaugurating ‘Pitch 4 Bihar’, a platform to recognize ideas and stream lining them to fruition. The platform enables any Bihari to register their conventional business and Mob App ideas for pitching purpose. Thorough examination of registered ideas will lead to the selection of some candidates who will get the opportunity to Pitch Live in front of Sector- Experts, Investors and Mentors.
Bihar entrepreneurs association (BEA) was started in 2011 with an objective to promote Business ideas, bring Investment and Create Entrepreneurs. It offers entrepreneurs to get a single window service ranging from advisory service to fund raising support. It has started it’s Incubation Center named Enterprising Zone-EZ, with Department of Industries, Govt. of Bihar and is registered by StartUp India, Govt. of India. More information on BEA
Along with different organisations, Bihar government has now joined the ranks of other states in India which are proactive and receptive to homegrown startups. The Bihar government gave its nod for the launch of a Start Up venture capital fund, an amount of $750 Million (INR 500Cr). Bihar startup policy in detail talks about the eligibility and terms & conditions.
“Pitch 4 Bihar”
If your idea is undeniably and wonderfully brilliant, it will force someone, somewhere to change how they do something. “Pitch 4 Bihar” is that change. You can pitch your idea in three different timed versions, 60 seconds, 120 seconds and 300 seconds. The cash prize of Rs. 100000, Rs.60000 and Rs.40000 will be given to selected Individuals, Startups and Organizations in two above mentioned categories.
The Pitch 4 Bihar process:
->Invitation to mass
->Registration of Ideas through online and offline campaigns.
->Sampling of ideas
->Selection of ideas by experts and Mentors
->Counseling and Mentoring of best picked ideas in Registered Incubation Center- EZ
->Interview and Analysis of the idea on fronts such as
- Product development,
- Marketing, infrastructure,
->Hand holding in Boot Strapping.
Opening registration – 2nd October 2016
Last date of registration – 18th October 2016
Venue: Hotel Patliputra Ashok
9:00 am : Registration for Pitch 4 Bihar
10:00 am : Introduction, welcome address by Secretary General- BEA
10:30 am : Lighting the lamp- Inauguration by Chief Guest Hom Minister of Industries and Science & Technology, Bihar and address by Principal Secretary, Dept. of Industries, and Govt. of Bihar.
11:00 am : Pitching session, Result declaration and award distribution
1:00 pm: One to one mentoring
2:00 pm: Vote of Thanks
Instant cash prize of Rs. 100000, Rs.60000, and Rs. 40000
will be given for the best pitch. Along with this the best idea can enjoy benefits of up to 10 lakh which includes:
- Globally connected mentors
- Sector wise experts
- 24 * 7 cafeterias
- High speed internet
- Co- working space cum office in Patna
- Launch office in all metros and abroad.
For registration, please click here