Executive Summary
On September 30, 2024, the Entrepreneurship Cell (E-Cell) of MET Institute of Technology successfully organized and hosted "Eureka! 2024 - Road to Enterprise." This event served as a vital Zonal-level entry point for Asia’s largest business model competition in prestigious collaboration with IIT Bombay.
The initiative aimed to identify disruptive startup ideas, offering a combined incentive pool exceeding ₹2 Crores and a structured pathway to national recognition.
Strategic Objectives
- Innovation Scouting: Funneling high-potential business models from Engineering, Management, and Pharmacy.
- Ecosystem Synergy: Bridging the gap between regional Tier-2 city innovators and the global startup ecosystem.
- Global Competitiveness: Preparing students for international stages with networking trips to the USA and Dubai.
The Partnership: MET & IIT Bombay
IIT Bombay: Provided the standardized competition framework, evaluation rubrics, and national-level platform.
MET E-Cell: Acted as the Zonal Executive body, managing logistics, outreach, and the execution of preliminary pitching rounds.
The Pitching Protocol
- 5-Minute Pitch: Teams presented Problem Statements, Technical Solutions, Revenue Models, and Scalability.
- 2-Minute Q&A: A specialized panel of judges conducted rapid-fire questioning to test market research depth.
Judging Criteria (100-Point Scale)
- Innovation (25%): Uniqueness of the solution.
- Market Potential (25%): Target market size and sustainability.
- Feasibility (25%): Technical ability to deliver the product.
- Defense (25%): Ability to handle critical feedback.
Rewards & Impact
Top-performing teams received "Fast Track" entry into the IIT Bombay E-Summit, access to coworking spaces, legal mentorship, and institutional incubation.
- Regional Validation: 3 teams officially recognized as Top Performers.
- Institutional Prestige: Cemented MET's role as a leader in regional entrepreneurship.
Event Details
Date: September 30, 2024
Document ID: MET/E-CELL/2024/ERK-02
Venue: MET Bhujbal Knowledge City, Nashik
Event Coordinators: Tanmay Hirodkar, Samarth Kuwar
Approved By: Prof. Umesh Pathak & Dr. Rajendra Narkhede