Available: $100,000 Worth of Funding For Indian Startups in Mobile and Cloud Computing Space

Microsoft has launched Bizspark business plan contest which offers $100,000 in total Grant to Startups with winning ideas in Cloud and Mobile Category.

Eligibility for the contestMS-BizSpark-Banner

  1. Product/IP startup (with defensible technologies) which are leveraging Microsoft technologies to create impact in the marketplace,
  2. Viability of the product/IP startup (Market opportunity, Competition, etc.),
  3. The disruptive role the Product/IP startup plays in the IT landscape, the unique value proposition,
  4. Product/IP startup must have the following focus areas: Cloud computing, Mobile Applications and Software products.

Grants Available?

Four lucky start-ups will win grants of total $100000 USD that can help them grow their business and develop their software applications and services. But most importantly, the challenge represents an opportunity for the BizSpark Community to build and deepen connections, share ideas and celebrate the individual successes of member start-ups and network partners.

There are grants available for winners in each category – Cloud and Mobile. The winner gets a grant of $40k and the 1st runners up gets a grant of $10k.

Selection Criteria?

  • Innovation
  • Market Potential
  • Compelling story

The selection would be based on a combination of the business plan and the application.

Application Deadline

The last date to submit your business plan for the contest is May 30th, 2011.

Link to Registration Form: http://www.microsoft.com/india/bizsparkstartupchallenge/register.aspx

[Editorial Notes: Microsoft Bizspark is a partner/sponsor of Pluggd.in. If you are submitting the business plan, do add ‘Pluggd.in’ in the section “Where did you hear about this contest’.]

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