Teams should come up with business plan from socially relevant idea Winners will receive up to Rs.3 lakh as seed funding to implement the ideas The Indian Institute of Technology-Madras (IIT-M), Tata Consultancy Services and Lemelson Recognition and Mentoring Program (L-Ramp) are jointly hosting `Genesis,’ a business plan contest open for students and NGOs in social entrepreneurship.

It will essentially support innovative business ideas relating to social causes. MIT IDEAS, United States (from the Massachusetts Institute of Technology and an NGO Aavishkar India Micro Venture capital fund are partners in the contest. Teams participating in the contest will have to come up with a viable business plan from a socially relevant idea that will be self-sustaining. While students, individuals and NGOs interested in social causes can participate, each team is expected to have a representation for the student community up to 50 per cent.

Workshops To explain the contest and as part of Genesis, a series of workshops will be conducted at IIT-Madras on January 13 and 14. No entry free is charged but those interested should register online at ( www.genesis.iitm.ac.in ) . Seats for the workshops are limited.

Read More @ Hindu (11 Jan ’07)