Eureka! 2007 – Nurturing the Entrepreneurship Revolution in India

14 December 2007

What's common between Bill Gates and Michael Dell, besides the fact that they are two of the richest men on Earth having made their fortunes from computer software and hardware respectively?

It's the fact that they are both college-dropouts.

Gates dropped out of Harvard University, while Dell left the University of Texas when his homegrown business PC's Limited started raking in profits.

If these two had been current students of IIT – Bombay, they certainly wouldn't have left college, but probably would have participated wholeheartedly in the proceedings of its entrepreneurship cell, quite unimaginatively named The Entrepreneurship Cell.

Even if imagination is lacking in the nomenclature, it's certainly in abundance in its activities. From arranging lectures by business gurus, to organizing highly popular business plan competitions and then providing incubation to the winning ideas, The Entrepreneurship Cell of IIT – Bombay seems set to kick-start the entrepreneurship revolution in India.

Eureka! (with the exclamation mark) is the crowning glory in the cell's annual calendar. It is publicised as “the biggest Business Plan Competition in India and one of the Top Five in the Asia-Oceanic region in terms of participation, prizes and resources“. With a participation list spanning almost all the premier institutions throughout the country, and a total prize money amount of Rs14 lakhs, it can certainly afford to describe itself in superlatives.