Excelsior India, a student initiative of IIT Delhi has made it to the finals of the international business competition Eureka!, organized by IIT Bombay.
Excelsior India is an enterprise that seeks to equip the rural youth with elegant, routine commodities by recycling waste papers. Sensitising us to the difficulties of rural India, where students find it hard even to afford recurring costs of basic stationary items at times, the organisation aims to wield double strike on society issues. Recycling waste papers from urban areas and converting them into quality paper notebooks, it has certainly had an impact on the number of children availing standard education in villages. By coming up with innovative designs as a bag-cum-desk made completely of cardboard, they have collaborated with the Times Foundation, the CSR wing of Times Group to ascertain to benefit a large section of the society.
Eureka! is the largest B-plan competition in Asia, posing witnesses the participation of more than 7100 teams annually. In order to promote the vision of entrepreneurship in India, E-Cell, IIT Bombay organises this international competition each year. With an aim to bridge the gap between ideas and the realisation of an enterprise, Eureka is a platform for novel start-ups to evaluate their plan in the safe environment of a competition. With a grilling filtering procedure that carries on for more than 5 months, it has an extensive selection procedure to handpick great ideas, ideas that lead to great undertakings which pave the way for glaring success. With prizes worth over Rs. 50 lakh to be won, it is a flagship event of IITB, as warranted by it’s Facebook page having over 1 lakh likes. The top venture capitalists and investors attend the final rounds of this extensive event. It is with great elation we report that Excelsior India has made it to the finals of Eureka! 2014. We can say, without doubt, on behalf of the entire IIT Delhi community, that they have done us all proud.