The teams will be selected based on the following criteria -
- An expert panel will evaluate the concept proposals and shortlist 15 teams.
- These 15 teams will attend a high-quality entrepreneurship workshop of 3-4 days duration that will familiarize them with matters related to starting a business venture like Business Plans, IP & Patenting Strategies, Raising Finance, Business Strategies and HR Practices and other aspects of entrepreneurship development.
- After the workshop, each team may go back, consult among themselves and with their mentor and will develop a business plan based on their concept and learning experience from the workshop within 3 weeks after the workshop.
- Each team then will have to make a presentation to a panel of experts. The panel will evaluate each of the business plans and identify three winning teams.