The top 3 teams will be awarded the following prize money*:

First Prize = Rs 3,00,000 (3 Lakh) Second Prize = Rs 1,00,000 (1 Lakh) Third Prize = Rs 50,000 (Fifty Thousand)

The team receiving the first prize will also receive an all expenses paid-trip (Economy-class airfare, boarding and lodging only) to University of California-Berkeley for participating at the Intel + University of California Berkeley Technology Entrepreneurship Challenge in Nov. 2009.

Intel has partnered with the Lester Center for Entrepreneurship and Innovation at Berkeley's Haas School of Business to provide their world-class brand of entrepreneurship education and for boosting entrepreneurial spirit among the budding entrepreneurs.

* Terms and Conditions apply

Evaluation Criteria

A panel of experts from academia, industry, business and investment groups would shortlist the proposals submitted for the preliminary round and for deciding the winners of the finals. Some of the evaluation criterion that the Judges normally consider is:

Is the business technically feasible?

Quality of product(s) and/or solution(s) and the innovation involved

Market potential and competition

New concepts and innovativeness of the proposal

Areas of application of the proposed business

Potential of the proposal to improve the quality of life

Most elegant design for a challenging problem

Overall attractiveness of the plan

Download your copy of Competition Handbook for complete information