White Knight -The Open Entrepreneurship Competition at IIM Kozhikode

 | September 09,2010 04:47 pm IST

IIM Kozhikode has launched the 4th version of its national-level entrepreneurship competition “White Knight” which will be held as part of its annual international management festival Backwaters. The competition aims to put into action the institute’s vision of shifting the B-School from the path of exclusive elitism to inclusive excellence.

This event will provide a platform to enterprising and ambitious people with ideas for profitable and scalable businesses to make their dreams a reality.

 

“IIM Kozhikode is changing the face of business education in India by bringing greater diversity than any other B-School in India that we know of. Our students engage in new ventures in business and newer adventures in the realm of ideas. I believe that innovation is all about liberating the learner in us so that we can chart new pathways for creating wealth. The real wealth of India rests in those intangibles: the ideas, imagination and aspiration of our people" said Professor Debashis Chatterjee, Director, IIM Kozhikode, during the launch of the event.

 

This year, White Knight has been launched on a scale bigger than ever. India Innovation network is acting as the Advisor & Mentor for the event while TiE Kerala is the Knowledge Partner. The competition will invite ideas not only from B-School students but also from working professionals by recognizing the fact that innovation happens not by people who meet the market needs but by those who create it.

 

The ideas are invited for all categories and industries. However, in line with IIM Kozhikode’s vision of creating socially sensitive managers attuned to the welfare needs of emerging India, White Knight has a special prize in the category “Best Social Venture”. Prizes may be given to other special categories like IT products, Women entrepreneurs, and Biotech subject to the quality of B-Plans submitted in these categories.

 

Interested people can submit their ideas by 25th September, 2010. The entries would be evaluated by a panel of leading venture capitalists, industry leaders, and IIMK Faculty. The event has Rs. 50 million of total seed funding available in partnership with various VC firms and angel investors making it the biggest Entrepreneurship challenge in India.

 

The last edition of White Knight saw the grand prize of Rs. 1 Lakh and the White Knight rolling trophy, given by TiE Kerala, being handed over to the winning team from SPJIMR for their business plan “eSamuhanam – enhancing rural employability”. Who’s it going to be this year?

 

More details can be found on the event website www.iimkbackwaters.com/whiteknight.

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