IIT Kanpur to Organize Annual Business & Entrepreneurship Festival 'Megabucks 2007'

IIT Kanpur to Organize Annual Business & Entrepreneurship Festival 'Megabucks 2007'
On April 06-08, 2007

'Megabucks' is the Annual Business and Entrepreneurship Festival organised by the Indian Institute of Technology, Kanpur. Its purpose is to create more awareness among the youth about entrepreneurship and business.

It aims to launch young, untried but brilliant entrepreneurs and to translate their ideas into successful business ventures.

Originally an idea of the premier batch of 1965, it was actualized in 2000 and was a part of Techkriti, the Technological Festival of IIT Kanpur. In 2002, however, it was held independently and was met with astounding success. The first three teams were awarded an amount that exceeded Rs. 2.5 lakhs and the winners also participated in Stanford Global Entrepreneurs Challenge held at Singapore.

Now, Megabucks joyfully claims participation not only from prestigious Indian institutes like IIMs, XLRI, FMS, IITs but also from international institutes like National University of Singapore, Stanford University, Purdue University, University of Rochester and University of California. It has invited speakers like Mr. Dilip Chhabaria (DC Designs), Mr. Douglas Breckenridge (CEO, Mindguild), Mr. Muneesh Chawla (MD, IL&FS), Mr. Vijay Kumar (CEO, NIIT Ventures) and Dr. Aditya Tyagi (Founder and CEO, Enablers InfoTech) for the Business Conference that it holds along with numerous other activities. In Megabucks 2004, distinguished personalities like Mr. Ravi Mohan (MD, CRISIL), Ms. Divya Pathak (Marketing Head, Columbia Tristar), Mr. Sanjeev Shriya (Director, LML Ltd.) participated in the Final Conference on 'New Age Entrepreneurship Opportunities'.

The most important event, of course, is the Business Plan Presentation Competition - Ideas. Here, the submitted entries are evaluated in multiple stages. The competition is tough but the award is worth it - to see one's simple thought mature into a successful enterprise. This event proudly proclaims to have jumpstarted such companies as Transversal E Networks, Kalzoom Technologies and GEO-X. Megabucks has developed an expansive network of venture capitalists, industrialists and angel investors, and hence, facilitates the incubation and maturation of deserving business ideas.

Forum is the Entrepreneurial Conference that sees stalwarts from the corporate world inspiring budding entrepreneurs. With people from different strata of the corporate fraternity, viz., industrialists, entrepreneurs, businessmen, academicians and students brought together for this event, Forum followed by Gurukul becomes the place to raise your queries and have them answered by competent professionals.

Gurukul is an opportunity for the leaders of tomorrow to interact with those of today. Introduced for the first time in Megabucks, Gurukul is an endeavor that takes this mutual interaction to higher dimensions. There will be around 15 speakers / guests / dignitaries with around 20 participants registered with each dignitary. This would provide one-to-one interaction between students and those who have been highly successful.

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