The top five teams will be invited to incubate and launch their enterprise supported by a Rs. 4 Crore corpus.

The contest is open to individuals, entrepreneurs, working executives and students of reputed business and technical institutions, across the nation.

The list of innovations circulated earlier had names of states with the innovations. The states indicated where the innovation originated. The participants are free to choose any innovation and the name of the state is irrelevant while making the choice.

SAAKAR - Registration Process

The registration/selection process for SAAKAR will involve the following steps:

1. Registration: Interested participants will form teams and select a team leader who registers by sending a mail to saakar@spjimr.org. The registration mail should contain the following details:
   
   1. Team Details
      
   2. Statement of Purpose (max 200 words)
      
   3. Contact details of the team leader
      
   4. Scanned copy of team leader's photo id card , this may include
      
      1. institute id in case of students OR
         
      2. PAN Card, Driving license, Company ID card or any other valid ID proof, in case of professionals.
         
   5. Scanned copy of signed Non Disclosure Agreement (NDA) attached herewith as the innovations are content protected.
      
   6. Choice of three innovations that the team would be interested to work upon and commercialize. This is to be given from the list of innovations attached herewith.
2. Following this, on the basis of team's preferences and other criteria, the participating teams will be assigned projects. This will be done on a first-cum-fist serve basis. The teams will be provided a link, with a username and password which would provide full information on the project.
3. Participants will then have to make their final submissions by 6th Feb'08. The proposal will typically comprise of the following:
   1. Business proposal
      1. Product (with/without possible value addition in product)
         
      2. Market analysis
         
      3. Financial analysis/ requirements
         
      4. Business concept
   2. Company structure
   3. Infrastructure requirement
   4. Plan of action
      
      The submissions will have to be in either pdf OR word format, not exceeding 4 MB. Format details: 1.5 line spacing, font: Times New Roman, size 12, 1" margin all around, A4 page.
4. The result will be declared on 9th February'08, wherein the top 10 teams will be invited to SPJIMR campus.
   
5. On the basis of their submitted plan, the shortlisted teams will then have to submit a presentation by 12th February'08.
   
6. The final presentation will be held on 14th February'08 at SPJIMR campus.
   
   

Prizes: The top 3 teams will be awarded cash prize of Rs.20, 000/- each.

For any clarifications on the competition, get back to us at uddyam@spjimr.org also visit our website www.spjimr.org and click on the UDDYAM link for more details about the event.

SAAKAR - Rules & Regulations

• The Contest will be open to individuals, entrepreneurs, working executives and students of reputed businesses and technical institutions, across the nation.
  
• There won't be any guidelines from us on the team size / constituency etc.
  
• The teams can comprise of students across institutes.
  
• A maximum of only two participants per team will make the final presentations at SPJIMR, Mumbai.
  
• Participants will be provided III AC train travel to Mumbai.
  
• The decision of the judges shall be binding and final.
  
• Organizers reserve the right to change any rule.