Economic Times Catapooolt Changemakers Challenge 2017

Organization : The Economic Times
Competition Name : Catapooolt Changemakers Challenge

Website : http://www.catapooolt.com/changemakers/

Changemakers Challenge :

As India stands on the threshold of new Start Up Revolution, its time to disrupt – bring to fore new ideas that can answer the current challenges India has – and also engage citizens in coming together and co-support these ideas with Government & investors.

Related :  Economic Times Change Makers Contest : www.contest.net.in/126.html

Presenting the Catapooolt Changemakers Challenge – a unique crowdfunding-powered challenge to discover strong potentially disruptive start-up ideas.

Phase 1:
Submit your Idea with us along with the platform registration fee and prepare yourself for the crowdfunding round. Idea submissions Starts from 5th December 2016

Phase 2:
Initiate a live crowdfunding campaign – thus engaging communities and getting market validation, besides initial funding! Crowdfunding Starts from 1st February 2017

Phase 3:
Expert Mentor board and Innovation Partners scan and select the Top 40 disruptive innovations based on crowdfunding amount raised and disruption potential. Announcement of Top 40 Finalists on 28th February 2017

Phase 4:
Grand Finale for top 40 Ideas who will be invited to pitch to marquee angel funds and meet some biggest start-up gurus at an engaging Grand Finale. Offline Pitch Event of Top 40 Finalists on 31st March 2017

Who Should Apply:
If you and your team is working on an early stage start-up and have atleast built a working prototype for your idea – and are now seeking early stage funds and community validation to help you catapooolt to the next stage. We are open to ideas across all startup domains – as long as you have build the initial business prototype/site/model

How to Apply and the Contest Process:
** You will be required to fill up the application process – as directed by the application link.
** The first step of the Contest is crowdfunding for your idea. Hence, the form will require you to share following primary details:
** Details on the startup, idea and team
** A presentation Deck on the startup and what support you want to move to next stage.
** A video pitch – anything between 1 minute to upto 2 minutes – trying to best capture what your idea is about, to reflect your passion to make it big and why should communities and investors trust & invest in you
** Rewards: Crowdfunding normally works on the principles of rewards (since you are not required to offer any financial returns to contributors at this stage).
** So the total contribution budget may be broken down into various amount bands (say INR 500, 100, 5000 etc.) and you may decide to corroborate a reward with each contribution slab.
** These rewards could be either the product or service itself or some other ways where you feel that you may excite or make your potential contributors engage with you
** Once you have filled up basic details and paid the application fees – our team will review the details and come back to you and will help to onboard your project.
** Once the project is onboarded – you will have upto 45 days (maximum upto February 27, 2017) to raise crowdfunding for your idea:
** The optimal budget that you should attempt raising is INR 50,000/-. The minimal limit is INR 20,000/-.
** Our team will share crowdfunding tips with you from time to time to help you plan the campaign and succeed.
** Post the crowdfunding campaign – our Jury – comprising eminent mentors, Innovation Champions and Investors – will select top 40 start-ups – basis the crowdfunding amount raised and disruption potential that they see in your idea
** We would then be allocating a mentor each to these 40 start-ups – who would be working closely with you to now improvise on your pitch and your overall business plan – and thus preparing you for the Grand Finale
** At the Grand Finale – you will thus be pitching your idea to some of country’s best angel investors and thus reaching out to them to finally get your idea to the big league!