CapitalVia announces the 2nd India Ideathon

Conceived in partnership with Valueleaf, the 2nd India Ideathon 2014, is a non- profit initiative, that aims to encourage anyone and everyone with a business idea to realize their entrepreneurial dream.

"It is a platform where ideas will be polished and nurtured with personalized guidance from mentors and the most promising ideas will be provided with funding support to kick start their ventures," read an official statement.

India Ideathon 2014 will showcase the largest number of potential startups, who will undergo a rigorous evaluation process by expert evaluations to choose the 18 most promising ideas.

"The best entry will get a cash prize of Rs. 1 lakh, while the first and second runners-up will win Rs 50,000 and Rs 25,000, respectively. The other 15 finalists will get cash prizes and certificates of appreciation. All the top 18 winners will qualify for the next round, where the winner could bag seed funding of Rs. 25 lakh to kick-start his business,"read the statement.

Speaking on the occasion Rohit Gadia, (Founder and CEO, CapitalVia Global Research Limited) said, “India Ideathon is emerging as   the benchmark for nurturing entrepreneurship in India, which is evident from the overwhelming response we received last year. In its second year, India Ideathon hopes to take the initiative to a whole new level by showcasing the largest number promising startups.  India   with its favourable population dividend is brimming entrepreneurial talent. However, the lack of a conducive ecosystem in terms of mentoring, funding and other related support causes many ideas to die in its infancy. We at India Ideathon, want to be the change agents who provide the ideal ecosystem to entrepreneurs and help them turn their ideas into feasible, profit making enterprises. ”