1What is #BeAChaturContest?
#BeAChatur Contest is an intensive 4 month Business plan competition where individuals / startups can evaluate their potential ideas in the risk free environment of a competition. Qualifying individuals / startups (through each round) will go through business plan feedback, series of mentoring sessions from our pool of industry experts and amongst all the winning individuals / teams the top 3 will be rewarded Rs. 3,00,000, Rs. 2,00,000 and Rs.1,00,000 respectively. They’ll also get an opportunity to pitch in front of angel investors from India and Silicon Valley and raise real funds up to Rs. 1 crore.
There is no restriction on any individual to participate. Anyone from students to working professionals across PAN India (and even overseas) can participate in #BeAChatur Contest.
Individual participation is allowed in the competition, although team participation is also encouraged.
3What are the timelines for the competition?
1st June, 2017
29th July, 2017
Announcements of TOP 50 teams
10th August, 2017
Webinar for Entrepreneurship Development
14th August, 2017
Mentor meet for TOP 50 teams
18th & 19th August, 2017
Submission of revised Business Plans
25th August, 2017
Announcement of TOP 10 teams
1st September, 2017
5th September, 2017
4Is the participation open PAN-India?
5Is the participation open overseas?
6What should be the size of my team?
Anyone and everyone that you feel are fit can be a part of your team.
7Where can I apply?
To participate in #BeAChatur contest, click here
and register with the name of your team leader (in case of a team) or individual.
Once you register, you would be given access to your personalized “Chatur” portal where you would be required to fill up our initial questionnaire to submit your entry.
This would also unlock vast repository of resources to help you throughout the competition cycle and even beyond.
You may upload PDF, Word, PPT, a video to present your idea in addition to filling the questionnaire (optional).
8What is the registration process?
Step 1: Register here
for #BeAChatur contest.
You will have to provide your details as required. In case of a team, the Team Leader’s details, team member’s details, postal address and other details as required. You will receive a confirmation email once registered.
Click on the confirmation link provided in the email.
After confirming, you can proceed to the submission page.
9What is the registration/participation fee for #BeAChatur contest?
The registration fee is Rs. 350 per idea/startup.
10Can I enter multiple ideas?
Yes, you can but with different email ids. One email id can have one business idea which can be edited multiple times before the last date of submission.
11How do I know my idea has been selected??
The shortlisted team/individuals will be sent a confirmation email if they are chosen and their names will be displayed on the website along with an announcement on social media platforms for the same.
The shortlisted participants will be contacted personally to inform them regarding the results.
12How should I fill the Questionnaire?
The questionnaire for #BeAChatur contest is designed in such a way that compiling the answers to the questions would create a basic but complete image of the Idea.
A participant is expected to answer all questions in the questionnaire in detail. For more details read sample questionnaire.
13Can I submit additional documents along with the questionnaire?
Yes, you can add the additional documents. The questionnaire requires a brief executive summary of your Business Idea and will be judged on the same.
Additional documents are OPTIONAL.
14How can I confirm that I have submitted the questionnaire?
Post submission, you will receive a confirmation email regarding the same.
15What is the evaluation criterion?
Once the questionnaire has been filled and submitted by the participating teams, it will be sent to our sector-specific “Mentor Panel” for evaluation.
Each entry will be judged by multiple mentors and the final scores will be normalized by proven and genuine statistical methods that will be declared soon.
Questionnaires will be judged on the basis of the following criteria and each criterion would be marked on a scale of 1
being the highest and 1
being the lowest.
Description and objective
The problem being solved by your idea and how your idea is different from any existing solution. Stage of your idea.
Description of market, The growth rate of the market, Entry Barriers and Exit Options.
What about your idea forms its competitive advantage.
Who are you currently or in future likely to compete against and how do you plan to overcome this competition?
This is about how you plan to make money from your idea. The cost, revenue, and ROI projections. Drivers of revenue and cost to which your model is sensitive. Growth Opportunities.
Any substantial social and/ or environmental benefits.
Relevant skills of the participants, Experience, Strategic and execution Skills. Any other resources that you wish to deploy and how.
How do you plan to reach out your target customer?
16What is the last date of submission?
The last date for submitting/editing your Questionnaire is 29th July, 2017. No editing will be permitted post 12am on 29th July, 2017.
17What is the format of a business plan?
• Market, Customers
• Competitive landscape
• Business and Revenue Models
• Management Team
• Financial Projections Funding, Possible Exits
18How can I reach out to the Chatur Ideas’ team?
19What is the response time for the queries asked on the website?
The response time for the queries on the website is generally on the same day.
20How the platform of #BeAChatur Contest is secured for members and how is confidentiality of the registered member’s personal details, questionnaire/B - plan maintained?
The entries for #BeAChatur are judged by reputed faculty, prominent investors, established entrepreneurs and industrialists who believe in promoting entrepreneurship. Your entry is viewed only by the judges. Presentations are closed room presentations, only the team members and judges will be present during the presentation.
However, we cannot get our judges to sign a non-disclosure agreement (NDA). To view our policy regarding confidentiality, refer to Terms and Conditions
21What are the rewards and recognitions for me?
◦ The top 3 will be rewarded Rs. 3,00,000, Rs. 2,00,000 and Rs.1,00,000 respectively.
◦ Opportunity to raise funds up to Rs. 1 crore from Indian and Silicon Valley investors.
◦ The top 3 startups will get a chance to explore the Canadian ecosystem.
◦ Also, 3 random startups will receive an opportunity to visit Silicon Valley as per a specified criterion.
◦ Gift vouchers and hampers.