Chase Your Dreams Contest

Welcome to Ideathon - Chase Your Dreams Contest

Do you have a billion dollar idea or are currently working on one?

Do you also have the determination, perseverance and ability to scale this idea?

If You are the one, this contest is for You!

Vijay Shekhar Sharma (Founder & CEO, Paytm) is offering investment of 1 crore INR in your idea and mentorship to five people in the first episode of Startupreneur Series’ Chase Your Dreams Contest - Ideathon.

About The Contest:

Chase Your Dreams Contest The idea is to invest in people who dare to dream big and are moving human race forward by building incredible products for this country.

Awards

  1. The grand prize winner of Chase Your Dreams Contest will receive 1 crore INR in acceleration funding from Vijay Shekhar Sharma.
  2. Top 5 teams will get special engagement and mentorship opportunity with Vijay Shekhar Sharma.
  3. IBM Global Entrepreneurship Program (IBM GEP) will give IBM Cloud credits for 1 year to top 3 teams valued at Rs 17,00,000.
  4. Top 5 teams get free co-working space @ 91SPRINGBOARD for 3 months sponsored by our ‘Co-working space partner’ - 91springboard. 2 Members from each of these 5 teams can avail this offer.
  5. 5 Other teams get free work space @ RentADesk for 3 months sponsored by our ‘Workspace partner - Hyderabad’ - Rent A Desk. 2 Members from each of these 5 teams can avail this offer.
  6. The top 20 teams get prioritized fund raising opportunity through ah! ventures to raise anywhere between $100,000 to $1,000,000.
  7. 5 teams form Rajasthan get following prizes sponsored by our ‘Incubation partner’ - Startup Oasis : free work space for 3 months (4 Members from each of these 5 teams), Mentoring and Incubation support, Entry to Startup Oasis Demo Day if teams are investment ready *Subjected to approval
  8. Startup Oasis will give Amazon Web Services credits worth $1000 each to 3 teams from Rajasthan.
*All the winners will be featured on Mindbatteries.

General Guidelines

  1. This competition is for students,individuals and startups. If you’ve a brilliant idea and want to get mentorship/funding, you can participate.
  2. The minimum age to be able to register for the contest is 16 years.

How to Register?

  1. To participate in the contest, you have to pay a registration fee of 1000 INR. You will get a goodie bag which will be delivered to the address that you mention in the contest form.
  2. Fill in all the details in Apply Tab

Judging Criteria

I have always invested in bus driver. I don’t invest in bus or destination
Idea is transient. The person is most important. I always invest in people
- Vijay Shekhar Sharma, Founder and CEO, PAYTM

We are looking for people who have an idea and the potential to turn that idea into a billion dollar company.

Additionally,other factors which can strengthen your application include:

  1. Strength/Scope of Idea
  2. Good Team
  3. Scalability of the idea

Timeline:

  1. Submission Phase (Jan 21 - March 1,2016 (11:59 PM)) : Ideas to be submitted here.
  2. Assessment Phase (March 2 - TBA ) : Ideas to be evaluated by jury.
  3. Winners (To be announced) : Top 5 winners to be declared.

SUBMISSIONS CLOSED

The submission phase for the Ideathon contest is over. The jury will shortlist the top 100 ideas and the list will be published on our website at the SHORTLIST tab by 10 march. The jury will further look at these top 100 ideas and shortlist top 20. The date of final announcement will happen in mid march.

List of top 100 ideas chosen by jury

** The ideas are sorted by idea title in alphabetical order.
Idea Title (abstracted) Participant
A premium bicycle as urban commuter... Yagnik Kalariya
AllizHealth Chinmoy Mishra
Appaie saravana kumaran
Assisted Living Redefined Ganesh Sonawane
Awiros: Smart Tech for ... Vikram Gupta
Axaro Laundromat Akshat Arora
B2B Marketplace for Industrial Goods Ayush Jhunjhunwala
BELANGE | Let's make 'Being Fashionable'... Kumar Lauhit
Bindaas Wash Bankim Krishna Malpani
BookMyChotu Satjeet Singh Bedi
Chat for All. Nishant Pathak
CillyPoint Puru Govind
Clean tech automotive Naidhroven A
Dapper - On-demand Laundry Service Mudit Sharma
DataLotus Ankit Singhal
Dazl aditi chadha
Don't Scratch Your Head Sumit Karanji
EduRev Kunaal Satija
Elymentz! Nikhil Sharma
EMALI Ashwani Kottapalli
EZdiagno - Simplified Healthcare Vaibhav Thakur
Farmzilla Saravanan Arumugam
Fashion Jewelry Market Place Reetesh Gupta
Find & Book beauty salons and... Siddharth Chakraborty
FLIX Shardul Mohite
Furdo Ishwar Sundararaman
GoKrazee Sunder Raman
Goonjlabs Naman Chakraborty
goPlayr R D SHWETANG
Government to Citizen Services @ home Amit
GramOphone Tauseef Ahmad Khan
Griggi Ashish Sharma
Groupool Ankit Tanna
HAWKR Ameet Pal Singh Sandy
Holiday Discovery, Planning & Booking Shiju Radhakrishnan
I'MWAYFARER MANJUNATH RAMANAND PADIGAR
imageValu Ritij Ranjan
INDIA'S FIRST DEDICATED WOMEN DRIVER ON CALL COMPA... Vandana Suri
India's Simplest Bitcoin Wallet App Sandeep Goenka
IRA Virtual Reality Abhishek Gupta
Jobhash Deepti Chopra
JoGo Pooja Kumar
JustKapture Manish Agarwal
Khelfie Anirudh Arun
Kontext Akshay Dekate
Lerema Vivek Gupta
LetsEndorse Monika Shukla
Li8 (Light) Shabeer Ali
Makeintern Diktesh Singh Puri
Medyog Pranat Bhadani
Mobility Services & Solutions for Physically Chall... harish kumar
MotorBabu Mayank Pratap Singh
MYBYK Arjit Soni
TruckSuvidha Ishu Bansal
On Demand Hyperlocal Delivery Martin Knap
Online Home need service and a complete home need ... Gopal Jaiswal;
Organic Medical Group (OMG) Kasi
Partiko Amanjot Malhotra
pawfull Lijo P James
Paxport Surya Chaitanya Akasam
PeeBuddy Deep Bajaj
PracticalCoding Basavaraj Hampali
ProElp Saumya Sharma
project MANAS Kumar Ranjan
Pulpit Rahul Maheshwari
Qlivery, your wish our command Karan Saharan
Quorg Aditya Ruia
Rakshak Nibedit Dey
ReBook Gaurav Wadhwa
Reimagine news and its communities Rohit Pande
RentMitra Anshuman Tiwari
RentOne Gaurav Babel
Revolution from Pollution Kushagra Srivastava
Shoppist; Your personal shopper Divij Goyal
Simply Delivered Abhishek Vinod Chandak
Snaptrude Altaf Ganihar
Solving India's Postal Address Chaos Aditya Vuchi
Strike Aishwarya Jain
StyleInPocket Rahul Srivastava
TapChief Shashank Murali
Teacher Capability Building and Enhancement using ... Mona Mathur
TextMyPA Shubham Sandeep
The Slate CH Vishwanath
The World's First Standalone Air-Conditioned Helme... Kausthub Kaundinya Y
Third Open Channel of Communication after Email & ... Sandeep Mani Tripathi
To help people prepare and apply to companies inte... Mayur Mundada
Todoed Rajarshi Roy
UBIKEYS Shivraj Dagadi
UniSTAY International Wong Weoi Xiang
Unomer Vinay Bapna
Urgent care at your doorsteps Manpreet Singh
Virtual Reality in Education Baskar Ethirajan
Vivasaayi Samynaathan.V
We provide on demand doorstep delivery of self dri... Priyam Saraswat
Wearable Alternate Kidney Gowrishankar Wuppuluru
Wedding Gift Registry Website Sudha Maheshwari
Wishastu Vipin Sharma
WOOBUS Tushar Gagerna
Wordpandit Prashant Prakash Chadha
ZiPi Varun Singh Bothiyal


Judging Procedure :

Step 1 - Each idea is sent to multiple jury members
Step 2 - The jury panel rates the idea on various parameters
Step 3 - The rating sent by panel members is collated
Step 4 - An idea which makes it to Top 100 list has to -
a) Score more than the base score decided for each parameter
b) Fall in top 10% of ideas selected by jury

Disclaimer :

We recognise and respect the sensitive nature of the information submitted in the entries. Submissions are not disclosed or discussed outside the judging process. We do not publish the names of companies, organisations or individuals that have not been shortlisted for the contest, nor will we reproduce any information from your entry unless prior permission is given. The panel is carefully selected to ensure that judging process is fair and objective. The judges are required to declare any conflict of interest in entries over which they deliberate, in which case that entry will be reallocated. The integrity of this process lies at the very heart of all that we do.Our focus is to deliver a balanced judging assessment from industry leaders who will bring their extensive knowledge, enthusiasm and expertise to the judging process ensuring that the winning entries are truly outstanding and worthy of receiving any prizes.The judges are held harmless by each applicant and shall not be subject to any action by the participants arising from participation in this Contest. The jury decision is final and no correspondence - telephone, email or communication of any kind will be entered into in relation to decisions reached.

Congratulations top 20!

List of top 20 ideas chosen by jury

** The ideas are sorted by idea title in alphabetical order.
Idea Title (abstracted) Participant
AllizHealth Chinmoy Mishra
Appaie saravana kumaran
Dazl aditi chadha
Don't Scratch Your Head Sumit Karanji
FLIX Shardul Mohite
goPlayr R D SHWETANG
GramOphone Tauseef Ahmad Khan
Griggi Ashish Sharma
INDIA'S FIRST DEDICATED WOMEN DRIVER ON CALL COMPA... Vandana Suri
Mobility Services & Solutions for Physically Chall... harish kumar
Partiko Amanjot Malhotra
ProElp Saumya Sharma
Reimagine news and its communities Rohit Pande
Revolution from Pollution Kushagra Srivastava
Strike Aishwarya Jain
TapChief Shashank Murali
Unomer Vinay Bapna
We provide on demand doorstep delivery of self dri... Priyam Saraswat
Wearable Alternate Kidney Gowrishankar Wuppuluru
Wordpandit Prashant Prakash Chadha
  1. The winner of Chase Your Dreams Contest will receive 1 crore INR in acceleration funding from Vijay Shekhar Sharma.
  2. Five selected teams will get special engagement and mentorship opportunity with Vijay Shekhar Sharma.

* All the winners will be featured on Mindbatteries.

** The investment terms are at the sole discretion of Vijay Shekhar Sharma and will be discussed between him and the winning team.

The submission phase will end at 11:59P.M. on March 1,2016. After this, all the ideas will be sent to the jury which will further shortlist the candidates. The final list of shortlisted candidates will be sent to Vijay from which he will select the top 5 winning teams. He will then pick one grand winner among these 5 teams who will receive the grand prize of 1 crore INR in form of investment in their idea.
We have taken special care and precautions to protect your idea, documents and all the other credentials. Selective data will be made accessible to the jury of the contest. We would also encourage you to read through our ‘privacy policies’ and ‘Terms and conditions’ for details regarding when and to whom your data might be shared.
You need to pay INR 1000 for registering your idea in the contest.
The biggest motivation behind keeping a registration fee is to ensure that only serious candidates apply. To make sure we do not take unreasonable fee from the participants, we will be sending every participant a goodie bag from MindBatteries. Additionally, due to nature of our business and to build a tamper proof yet smooth platform for the contest, there are additional expenditures that are incurred like server upgrades, security certificates, equipment, video production, marketing and operations costs.
We are still working with our partners to give all participants some useful goodies. The details regarding the goodie bag contents and the date of delivery will be disclosed in a separate mail to each participant near the end of the contest submission phase.
You will get the option to submit registration fee after you submit the form. You can pay using a debit card, credit card or Netbanking.
You will receive a confirmation email. If you have not received a confirmation email, another way to verify your entry is visiting the contest form again. If your entry was received successfully, you will see a message at the top of the contest form verifying the same.
Some ISPs (Internet service providers) have filters that block or filter emails sent from unknown addresses. If you have a "junk mail" box, check to see if that's where the email landed. If you use software to monitor your email, make sure your settings aren't blocking your emails.
If you face any technical issue while applying for the contest, please contact us at contact@mindbatteries.com
Unfortunately, due to the large volume of ideas submitted to the contest, all entries are final and cannot be replaced or modified once the payment is processed. Though, if any critical mistake happens, you can always reach us at contact@mindbatteries.com but the modifications will be at the discretion of MindBatteries team.
It is not mandatory to watch the video in order to apply for the contest.But, video will give you an insight on what is Vijay expecting out of you and your pitch. It will definitely be an advantage to have when you meet Vijay!
Only one idea is accepted from one account. In case you want to submit multiple ideas, you need to do it through a separate account.
Yes, you can enter the contest no matter where you reside. However, the primary market for your idea/product needs to be India. As Vijay quotes,” We need smart people to build something incredible for this country­ INDIA.”
Yes,you can enter the contest as long as you are above 16 years of age.
As soon as the results are out, every contestant will be notified whether he/she has moved to the next round or not via an email.
You can contact us at contact@mindbatteries.com. Your questions will be answered within 48 hours via email or phone call.