Chancellor's Message

I want my students to dream and believe that dreams can come true. I challenge my students to launch their own start-up and come up with the next big idea. We are waiting!

Shree Amrish Patel

Chancellor, NMIMS

About Chancellor's Challenge

The Chancellor’s Challenge urges the students of SVKM & NMIMS to break out of their comfort zone and dream big. This challenge is meant for mavericks who choose not to follow the crowd and make their own rules. We wish to create an entrepreneurial community wherein students can meet like-minded people who wish to launch their own start-up to convert their desire for a better future into a sustainable venture.

The challenge would span over 6 months where students will be provided with various facilities to transform their idea into reality. We seek to facilitate the innovators to successfully get through the challenge with mentorship, interactive session with experts along with consultation, team building and dummy pitching facilities; and collaboration opportunities with some of the best minds of the country.

Prize Money worth 10 lakhs and 1 year Incubation for winners

Use our Facilities to Scale your Ideas!

Interactive Sessions
Consultation Service
Team Building
Research Support
Mentorship Program
Boot Camp

Details of the Challenge

1) The teams are to be registered by the team leader through ideas.nmims.edu and fill in team member details, create a community profile (optional) to enable a connect with fellow entrepreneurs and mentors.

2) Teams are to fill in responses to the 5 questions in the submission column by deadline mentioned in the event timeline.

3) The shortlisted teams shall be declared on our website.

1)  The Shortlisted Teams will be asked for the complete business plan. The team would be required to send Comprehensive Business Plan not exceeding 25 pages (excluding exhibits & references). The exhibits & references would be a maximum 5   pages. In the event of the document exceeding the page limit mentioned above, the Reviewing Panel would be obliged to read only the pages included in the limit. We urge each Team to strictly stick comply with this page limit and in no circumstance exceed it.

2) Detailed Business Plan should be in PDF format. Format details: Times New Roman, 12 point, 1” margins all around.

3) Apart  from elaborating on the above-mentioned parameters, the complete business plan should include:

  1. Cover page
  2. Team Background
  3. Executive Summary
  4. Company introduction
  5. Customer needs/problems
  6. Solution to the problem
  7. Fund history (if any)
  8. Target Markets
  9. Sales & Marketing plans
  10. Products & Road map
  11. Operations
  12. Management
  13. Financials
  14. Risk
  15. Competition
  16. Appendices

*This is not an exhaustive list

4)The teams are required to submit their Business Plan by the deadline mentioned in the timeline.

5)The shortlisted teams shall be announced on ideas.nmims.edu

1) Finally the top 10 teams will be called to the Mumbai campus of NMIMS to pitch their idea to our esteemed panel of judges.Details about this round will be shared later.

2) Stay tuned to www.ideas.nmims.edu for more details.

3) For any specific query, please reach out to ideas@nmims.edu

Deadlines Particulars
10th October 2017 Registrations Open
7th December 11: 59 PM Deadline for 1st submission
January 2018 Announcement of Results (Round 1)
February 2018 Submission of Business Plans (Round 2)
March 2018 Announcement of Results (Round 2)
March 2018 Final Campus Rounds & Announcement of Winners

Documentation