Only a day left to apply for PowerPlug contest for April month [the deadline is April 20th].
Those who haven’t yet heard about the contest (migratory birds?), this is India’s first ever contest where we recognize technology entrepreneurs on a regular basis (every month). The most amazing part about PowerPlug is the goodies associated with the contest.
As a startup, you get a lot of credibility/bragging rights + media coverage and an iPad (32GB) as well (thanks to our partner Sequoia Capital India). And this is apart from all the VC calls and customer interest.
» Read Interview with Paras Chopra, Winner of the first PowerPlug Contest
So What Does it take to be a PowerPlug?
You need to really stay on, keep pivoting unless and until you have found a sweet spot. Even though we are looking for early stage startups, we would like to focus on the ones who have the ability and willingness to stay in the game.
If you are entrepreneur who looks at entrepreneurship as a career (and not a quick way to make money), do apply for PowerPlug contest [link to the application form, which is also embedded towards the end of this post].
Who is this for?
Typically, product startups and to be precise, startups of age >6 months. If not revenue making, you should have pivoted the product and found a sweet spot in the market (atleast you think so!). You can apply only once in a quarter.
Why the minimal restriction of 6 months?
Well, 6 months is what it will ideally take you to pivot/find a sweet spot for your business/product plan [aside, real entrepreneurs do gatecrash].
Is there a theme to this month’s contest
No. All startups can apply.
Selection Criteria?
- Potential of Business Idea
- Articulation of the Business Plan and Understanding of the Competition
- Execution Strategy
- Team and company building
Do I need to submit a Business Plan?
No. Just fill up the form (also embedded in this post).
– More FAQs here.
How Do I Keep Myself Updated With the Contest?
» Follow ThePowerPlug Contest on Facebook or Twitter.
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