About This Competition
All that you need to know about Pitcher Perfect: S7 (IIMB's version of Shark Tank)
Entrepreneurship and Innovation Cell (ENI), IIM Bangalore in association with NSRCEL brings to you the Pitcher Perfect Season 6. This year’s event is designed to push our collective thinking, encourage start-ups and investors to take risks and explore innovative & impactful ideas to solve issues prevalent in the sectors of healthcare and education. To make the event more transparent and fair, we plan to conduct independent, professional, and detailed due diligence. Our goal is to fuel and reward the entrepreneurial spirit in a fun, safe setting by suspending the typical grantor/grantee dynamics and making the world a better place.
Rules & Guidelines
All three rounds will be judged on the following criteria:
- Innovation and Impact: Pitcher Perfect focuses on drawing out new business ideas that have the potential to bring a change in society, thus, the core idea and associated impact itself is of elevated importance.
- Demonstration of Competitive Advantage: Each start-up will probably have businesses competing directly or indirectly with it. Each pitch is expected to acknowledge these competitors and explain what would set its own company apart. If there are no competitors, the pitch is expected to explain why the market is empty and how they can successfully grow.
- Proof of Revenue: Even the best products or services fail as businesses if nobody wants to buy them. Therefore, each pitch is expected to demonstrate a profitable group of people who have bought the product/service.
- Feasibility, Scalability, and Sustainability: Finally, for any start-up to be successful, the start-up idea should be well thought through and viable as a business. The focus will be to identify start-ups that are scalable and sustainable.
Evaluation Process: The judging panel for all three rounds will comprise of relevant stakeholders from the start-up ecosystem (successful entrepreneurs, incubation professionals, consultants, investors, and VCs). Please note that at any point in time, the decision of the judges/organizing team will be final and binding
Rewards & Benefits
Start-ups selected for the final round will have the opportunity to pitch to top investors/VCs and get funding worth INR 1 Crore+. (Last year during Eximius’22, INR 17 Crores+ worth of funding was pledged by the investors!). Also note, that all finalists will be considered for possible incubation or the Launchpad program with NSRCEL. While the final decision will be taken by NSRCEL, this event is a point of contact for the start-ups and NSRCEL
Eligibility Criteria
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Eligibility Criteria:
- Open to startups from all Industries.
- The startup must be registered and for-profit.
- Startups with no history of funding can also register.
- The startup should have validated the business model with proof of revenue (only revenue-generating start-ups are eligible).
- Please ensure that the above eligibility criteria are strongly adhered to. Any non-adherence will lead to disqualification.
Timeline
- Round 1 (Pitch Deck Submissions by Start-ups):
- Submission Deadline: 18th June 2024, 11:59 PM
- Deliverable Format: PDF/PPT (max 11 slides including Cover Slide)
- Submission via D2C: File Name: Eximius24_Pitcher Perfect_R#1_<Start-up Name>
- Round 2 (Due Diligence):
- Deadline: Short-listed start-ups will be contacted directly. Any document/detail that is requested, should be strictly reverted in 48 hours.
- Deliverable Format: PDF/PPT/Excel/Other (as applicable)
- Submission via D2C: File Name: Eximius24_Pitcher Perfect_R#1_<Start-up Name>
- Round 1 & 2 (Combined) Results: 1st July (tentative)
- Round 3 (Final Pitch to be held at IIM Bangalore):
- Final Pitch: 6-7th July 2024
- Investment Decision Results: On-spot
Disclaimer: While the organizing team will do their best to make the competition as transparent and fair as possible; in case of any discrepancy, the decision of the organizing team will be final and binding.