10 Startups will battle it out at IIT-Bombay's '‘The Ten Minute Million' Challenge to walk away with Rs 15 lakh on-the-spot funding and Mentorship

With the return of the 11th edition of IIT Entrepreneurship Summit at IIT Bombay, 10 shortlisted startups will be seen battling it out for Rs 15 lakh on-spot funding and mentorship during what is called the ‘The Ten Minute Million’.

IIT Bombay is conducting ‘The Ten Minute Million’ event on 28 – 29 January where chosen startups will pitch for 10 minutes in front of the investor panel and the winner will leave with Rs 15 lakh and mentorship from esteemed investors.

One of the successful startups, Strike had won the amount and then scaled up more than 10 times within a year, according to E-Summit.

The past Investor panel consisted of angel investors like Ajeet Khurana, Anupam Mittal, Samir Shah, Sanjay Mehta and Aniruddh Malpani. The theme for IIT Bombay's E-Summit this year is ‘A Tryst with Tomorrow’. Speakers and participants from numerous countries and genres will be attending the event.

"Our idea was that, you take 10 months, we believe it can be done in 10 minutes. I would have been happy even if I had got a fraction of the response. Right from the entrepreneurs, to the investors to the audience, this is an absolutely outstanding response", said Ajit Khurana, one of the investor panelists.