Rules of Negocio:

1. Team size of maximum 10 students. All of them should be student of AICTE approved college of INDIA.
2. For the first round participants have to submit executive summary of their idea and should explain their revenue model. It should be submitted in the pdf format latest by 28^th December,2008.
3. The Executive summary should not be of more than 700 words and should not include irrelevant data.
4. For the second round participants are advised to come with a working model of their website, although it is not mandatory.
5. Only three members are allowed to give presentation of your B-Plan in front of the judges.
6. Second round submission should have a detailed description of revenue model, target market description and also rough marketing plan. You also need to discuss the uniqueness of your idea.

Process:

1. On the basis of first round submission entries will be judged by IIT KHARAGPUR professors. Selected teams should submit their web model and plan online on our website.
2. The second round shall comprise of the final presentation of the b-plan by the participants. The participants will be given a time of 45 minutes to present their b-plan which will be followed by a 15 minute question-answer session with the judges. Judges will include TePP members, TIETS members,entrepreneurs, Professors from related fields, Venture Capitalists and other individuals from the corporate world.

Benefits of Negocio:

1. A platform for you to showcase your innovation in overcrowded web space
2. An opportunity to prove to the world that you are different.
3. Content rich feedback on their business model from world class entrepreneurs, investors, and professional service providers on our judging Panel.
4. Team-building opportunities to create a winning team of founders.
5. Broad media exposure and PR buzz
6. Finding consortiums to Link up your products or service with.
7. Teams selected for second round will be given certificate of participation.
8. Entries selected after the final presentation will be mentored by our prestigious mentor panel. Teams will be provided support to turn their idea in to a start up.

Parameters of Judging:

First round:

1. Business Idea
2. Revenue Model
3. Feasibilty and Uniqueness

Second Round:

1. Target Market
2. Sustainable Competitive edge
3. Identification of potential market and share
4. Administrative Strategy

Mentor Panel:

1. Roovno Web Ventures
2. Watblog(Wat Media Pvt. Ltd.)
3. P2W2

Contact:

Manan Shah
+91-9932900710
manan.shah[AT]ecell-iitkgp.org
Ankit Narayan Singh
+91-9933777081
ankitnarayan@ecell-iitkgp.org