Judging and Mentoring:

• • Ajit Gupta, Founder/CEO/Chairman, Speedera Networks, AAyuja, Inc and Aryaka Networks, Inc

  • Sarvesh Mahesh, Founder, Tavant Systems

  • Harish Goyal, Founder, TGO Solutions

  • Manoj Goel, Founder Internet Junction, exit to Ciscorvices

Execution Process & Timelines

• 1. Submit initial entries to bizplan.2009@iitr-heritagefund.org by June 15^th, 2009

  2. Initial entries should included either a 1-2 page business idea summary document or 4-5 slides on business plan

  3. After initial review of the plan, an executive coach will be assigned for further refinement and plan documentation

  4. Business plans will then be presented to the executive committee who will select top 2 entries for heritage fund competition.

Pan IIT 2009 Event

The Final event would be held at the Pan IIT Conference 2009 in Chicago. The winners from round 1 would be required to submit a detailed business plan two months before the finals. These business plans would be reviewed in depth by a panel of judges for Pan IIT business plan competition.

The event would involve a 20 minute presentation for each business plan, followed by 10 minutes for Q & A. At the end of the session, the judges would determine the winner of the completion. The winners would be awarded with the prize money, and be considered for seed funding by the IIT Angel Fund.

First Prize Winner

Beacon Metrology (Co-founder: Sumit Kharbanda IIT Roorkee, Computer Science 1998)

"Beacon Metrology has patents pending on its Opto-Thermal scanning technology and initially targets $260 million dopant inspection market. With upto 100X improvement in speed and accuracy over competing solutions, Beacon's technology will enable solar and semiconductor fab lines to increase yields and throughput in silicon wafer production, resulting in substantial cost savings to the industry."

Second Prize Winner

DocSnaps (Co-founder: Vinai Kashyap IIT Roorkee, Civil 1991) (www.docsnaps.com)

"DocSnaps offers effortless online money and record management for individuals and companies. Capture paper receipts, email payments, and import all your data. DocSnaps helps you extract financial information, and view real-time reports. Save time, save money with intelligent bookkeeping and record management."

Quick Glance at Entries