CIIE’s iAccelerator in association with Verisign hosted, ‘.Net innovation Challenge 2014’ on April 9, Wednesday. The idea of this competition was to encourage the entrepreneurial spirit in students.
Over 200 entries from about 50 premiere colleges and institutes were received out of which 14 were shortlisted for the presentation round.
The presentation round was held at CIIE. The selected students were asked to prepare presentations, in advance, about how they plan to execute their ideas which were supposed to be pitched in front of panelists. The panelists for the final round included Manish Dalal – VP for VeriSign, Asia Pacific; Ajay Goyal – founder of Gujarat Angels and Shashank Rastogi – Director (Operations) for CIIE.
The entries at the final round were judged on four parameters – uniqueness of their idea, need of the idea, feasibility of implementation and market size. The first prize winners were Bakfy – a college social networking site presented by Akshat from BITS Pilani, who received a grant of INR 1 lakh. The first runners-up was Chaat – an application for street food presented by Deepti and team from IIT Gandhinagar, who received a grant of INR 75,000. And, the second runners-up was MicroGift – an add-on feature on social networking sites for sending gifts presented by Dharmesh from NID, who received a grant of INR 50,000.