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ELEVATE
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Pan-India level pitching competition
E-Summit IITM 2023
About
Elevate is a pan-India level fundraising event that aims to bring together eminent startups and world-class mentors from across the nation, thus throwing a spotlight on some of the most promising startups in the country.
Through overall leveraging of the entire entrepreneurial ecosystem, Elevate gives the startups an opportunity to elevate their skills and at the same time, raise funds and get themselves into the tremendous pool of market opportunities and resources available.
Total Registrations
Total Fundings made
Vision
Provide a forum for early entrepreneurs, mentors and investors to exchange knowledge and entrepreneurs to seek investments.
Mission
We strive towards supporting early stage startups with substantial business opportunities. We seek to enable valuable interaction between principal components spanning entrepreneurs, mentors, angel investors, and venture capitalists, thus consolidating the entire pipeline of entrepreneurship ecosystem.
Incentives
$5000 in AWS promotional credits valid for 2 years.
Freshworks credits worth $10K for the winners
Cash pool of 3Lakhs+
Investment opportunities upto 25Crores.
Platform subscriptions to Canva, Notion, Google Cloud, etc from OkayStartup
Rounds
Online Round
The judges will shortlist 15-20 startups per city for Round 2 who will be invited to different cities for Live-pitching.
Submit few details about your startup along with MVP/Prototype and website link.
The round
one deadline is till 3rd March. The submissions will be reviewed by startup
mentors,
industry leaders and representatives from accelerators.
Selected Startups will have to pitch their startup in front of the panel of
experts. A
minimum of two teams from every zone will move forward for the next stage.
The zonal
round will be held in Bangalore, Delhi, Mumbai, Chennai and Hyderabad.
Chennai
Bangalore
Delhi
Mumbai
Hyderabad
Zonal Rounds
Will be held in 5 cities (Bangalore, Delhi, Mumbai, Chennai, and Hyderabad) during the 2nd week of March. 10/3/23-12/3/23
Finale Round
Conducted in IIT Madras during E-Summit in the first week of April 2022.
The finalists will pitch during E-Summit, IIT Madras in front of a panel of
delegates from
the investment teams of renowned Venture Capital Firms i.e. Elevate's Investment
Sponsors.
The finalists would also get free passes to E-Summit '23. The winners of Elevate
will be
rewarded with a cash prize worth INR 3 lacs.
Timeline
-
Round 1 registration starts
17th February - 3rd March, 2023 -
Round 2
10th March - 12th March,2023 -
Finale
E-Summit '23, 7th-9th April
Investment Sponsors
Titan Capital
YourNest
Hyderabad Angels
100 Open Startups
Pravega Ventures
Faad Network
Startup Xseed
SucSEED Ventures
Eximiusvc
firstcheque
Inflection point Ventures
RPSG Capital Ventures
Speciale Invest
Water Bridge
Incentive Sponsors
Okay Startup
AWS
Freshworks
FAQs
When does the Elevate First Round start and when will the results be declared?
Deadline for submission of recorded pitches for First round is 3rd March. Results will be conveyed within a week.
Who will be the judges for all the rounds?
Judges will be partners and mentors from various VC firms and some angel investors.
How long should be the video and what should be the maximum file size?
The video should not be more than 90 seconds long but there is no limit on the file size.
What are the judging criteria?
The Problem and solution, Product or Service, Competition, Market validation and Opportunity, Business Model and Finance, Momentum and Traction, Team & Key Stakeholders (Investors, Advisors, Partners)
Can we submit multiple entries in round 1?, and what is the cost?
Yes, you may submit as many entries as you wish from different accounts but only one entry would be considered/shortlisted for the zonal round. There is no registration fee
How much funding can we get?
You can raise upto a fixed amount of INR 25 crore. Subject to discussion between startup and investors.
Contact
Us
+91 9398934947 Jyotsna
+91 9420483006 Omkar Soni
+91 7042219249 Ansh
services_ecell@smail.iitm.ac.in
+91 9420483006 Omkar Soni
+91 7042219249 Ansh
services_ecell@smail.iitm.ac.in
