In order to foster entrepreneurship, Chatur Ideas, a Mumbai based startup, is coming up with #BeAChatur contest Pan India. #BeAChatur Contest (launching on 1st June 2017) is an intensive 4 month business plan, for individuals and startups to evaluate their business ideas in the risk-free environment of a competition. Unlike other B-plan competitions, the uniqueness of this one comes from the fact that the first round qualification will be based on public voting (30%). Furthermore, the entrepreneurs will get an opportunity to raise real time funds upto Rs 1 crore in front of Indian and Silicon Valley Investors. Top 3 entries based on mentor score matrix will be awarded Rs 3,00,000, Rs 2,00,000 and Rs 1,00,000 separately.
In the last decade, metropolitan cities have witnessed immense growth in startup industry, while tier 2 and tier 3 cities still have a long way to go. Chatur Ideas through its #BeAChatur contest is providing an online platform to all, wherein aspiring entrepreneurs from even the smaller cities can be majorly benefited. Renowned people from the startup ecosystem like Miten Mehta, Umasankar Nistala, Amit Patel, Bhavin Shah, Ajeet Khurana, U T Rao and many more will be mentoring the business plans of the participants.
Previously Chatur Ideas through its network of 1500+ investors has helped close to 650+ startups. Some of the startups who have been benefited through them in the past are Hubilo, Market Pulse, Genietalk, Intuit things, Catapooolt, Healthfin, etc. #BeAChatur contest will primarily be online so there can be larger number of beneficiaries. All business plans will be given a feedback which will be followed by series of mentoring sessions from industry experts. The participants will go through multiple rounds; each qualifying round will take the best ones a step closer to present their business idea and raise funds for the same.
Mr. Devesh Chawla, Founder and CEO of Chatur Ideas quoted, “The idea behind initiating the contest is to reach out to aspiring entrepreneurs who have a business idea but lack the funds to pursue their vision. We also aim to help them up-skill their business plan by providing them a platform with intense mentorship program under the guidance of industry professionals. This competition offers them a chance to present their startup idea to Indian as well as Silicon Valley investors”
To participate in #BeAChatur Contest, one can visit Chatur Ideas website www.chaturideas.com and sign up for the contest. There will be a nominal online registrations fee of Rs 350/-. The contest is open to all with no restrictions to age or profession. The registration for the contest will go live on 1st June 2017. Top 50 contestants will meet industry pool of mentors and will get to discuss their business plan. The top 10 contestants will be announced in the month of September who will stand a chance to introduce their business plan to the investors.
About Chatur Ideas:
Chatur Ideas is one of India’s leading startup enabling platform (as recognized by BRICS International Forum). After acquiring Nurture Talent Academy (India’s first Institute for Entrepreneurs present across 125+ cities and trained more than 34,000 entrepreneurs), Chatur Ideas is training young entrepreneurs across Institutes and providing them access to its vast ecosystem so as to enrich the entrepreneurship culture right from foundation level. Along with helping startups in colleges, it supports mature startups in raising funds, providing social media support, receiving mentoring and assists them with a 360-degree execution support in building their ventures to the next level.