All that you need to know about Propel Pitchfest23

About Propel Pitchfest23

Pitchfest23 is a platform provided by ACIC-BMU|Propel at BML Munjal University to encourage new ideas, innovations and young start-ups. It would provide opportunity to the budding entrepreneurs to present and showcase their idea to the world and get a chance to get funding and other benefits to Propel forward their venture.

Highlights of Pitchfest23:

• Pitching for investor funding. The applicants would have the opportunity to seek funding from the set of investors (Angel & VC) who collectively have the appetite to invest USD 1 Million (INR 8+ cr). Besides funding from investors, applicant startups stand to get various benefits from the multiple eco-system enablers that would help the startups to grow.
• Panel discussions with Thought Leaders in the startups' ecosystem.
• Masterclass sessions, Bootcamp and Fireside conversations
• Individual mentoring/networking with investors and legal experts.

Start-ups for this pitching event will be categorized under 2 Tracks:

• Pre Revenue Based (Those startups which are yet to launch or early revenue less than INR 25 Lakhs (ARR))
• Revenue Based (Startup with minimum revenue of INR 25 Lakhs (ARR))



Focus Areas

The focus areas for both the tracks include:

• Women Founded startups (at least one-woman founder with at least 25% equity)
• Smart Manufacturing (Industry 4.0) startups
• Deep Tech startups
• Sustainability and Social Impact startups
• Mobility startups

(Startups not falling in the above focus areas are also eligible to participate in the contest.)

Eligibility

1. Start-up Founder/ Co-Founders must be present for pitching.
2. Startup should not be older than 5 yrs.
3. Current students/alumni of BML Munjal University (BMU) and startups being incubated at ACIC-BMU | Propel are eligible to participate.
4. ACIC - BMU | Propel and BMU employees are not eligible to participate in this contest.
5. The participants can be either (a) an individual; or (b) teams of up to 5 (five) participants provided that each member of the team meets these eligibility criteria.

The Benefit Basket

The investment chest of up to USD 1 Mn collectively from Lead Angels, Indian Angel Network, Real Time Angel Fund, Jito Incubation and Innovation Foundation, 100X.VC, Campus Fund, ah! Ventures Fund, and Agility Ventures.

The investors can individually or collectively decide to invest in a startup. The final investment decision would be based on mutual agreement between the investor(s) and startup on the ‘Term Sheet’.

The finalists will not only have the opportunity to seek funding from the investors, but also get the following  (As per applicable terms and conditions):

1. Invite to join the incubation support from ACIC-BMU | Propel.
2. One-year complimentary membership to TIE Delhi NCR.
3. AWS Credits worth USD 10,000 per startup.
4. ZOHO credits upto INR 1.86 Lakhs.
5. Mentoring by Power2SME.
6. Legal Services package from Samvad Partners.
7. 3 months complimentary co-working space from The Office Pass

(Many other benefits will soon be added.)

Best Pitch Presentation Award

The finalists in each Track will be presented to the group of persons / subject matter experts (“Jury”) for determination of Winner/s.

Jury’s decision is final and binding on all participants. The Jury will score and/or rank each nominee based on pre-defined evaluation criteria and the final scores by the Jury will be collated and tabulated to determine the winners based on the weightage determined by the Organizer. The Organizer reserves the right to enter a wild card nomination under any of the tracks at its discretion.

Team ACIC-BMU: Propel would like to extend a warm thank you to our partners - Lead Angels, Agility, Real Time Venture, Fluid Ventures, Campus Fund, ah! Ventures Fund, Indian Angel Network, Jito Incubation and Innovation Foundation, 100X.VC, TIE Delhi NCR, Wadhwani Foundation, Power2SME, The Office Pass, Samvad Partners, Arthayan, AWS Activate, Qapita, ZOHO for Startups, iCreate, AIC-JKLU, IIHMR Startups, AIC-C.V. Raman College, AIC-RMP, AIC-Bimtech, AIC-Selco Foundation, ISBA, Karo Startup, Atal Incubation Mission, Cunomial, Insights Club. We would also take this opportunity to appreciate the efforts of the Insights Club at BML Munjal University in managing the event.