FAQ

That’s great, we want to hear more about it and help you make it into a reality! We want you to build your team as you move along, attending guest session and mixers before submitting the business proposal.

The Challenge will be open to any team who has an idea. The only condition for applying is that the Team must be led by at least one current SVKM – NMIMS student. The SVKM – NMIMS student(s) must be a substantive member(s) of the founding team, and a committed leader of the venture. The Team would be registered in the name of this SVKM – NMIMS student. The rest of the team can comprise of anyone including but not limited to non-SVKM students, professionals, faculty, alumni etc. There are no restrictions, which are imposed on the other members of the team. This is to build an entrepreneurial community on campus.

An SVKM – NMIMS student is any student who is currently affiliated with SVKM – NMIMS schools and/or colleges (including NMIMS Colleges) studying on any of the campuses (Mumbai, Shirpur, Hyderabad, Bangalore, etc.). The Team must register the team in the name of an SVKM – NMIMS Student.

Teams should be formed with maximum of 8 members. The Team must be led by at least one current SVKM – NMIMS student. The rest of the team can comprise of non-SVKM students as well.

It is OK to have just one person on a team. However, we would strongly advise you to form a good team to make your dream a reality.

No, a student can be part of only one team. The participation of a student in more than one team, may lead to the disqualification of all the teams in which the common student(s) participates.

No. There is no restriction on age. Any person with a good idea is welcome to participate.

Yes, Part time students would also be considered as SVKM – NMIMS Student. Thus part time students can lead a team and register the team in their name.

Yes professors or other personnel associated with SVKM – NMIMS can participate in this competition along with an SVKM – NMIMS student. Unfortunately, they would not be able to register the Team in their name. Their team must be registered and led by at least one current SVKM – NMIMS student.

You are welcome to enter your ideas even if they have been submitted at another contest or challenge.

No. We welcome both for-profit and non-profit proposals.

Yes SVKM – NMIMS Alumni can participate in this competition along with an active SVKM – NMIMS student. Unfortunately, they would not be able to register the Team in their name. Their team must be led and registered by at least one current SVKM – NMIMS student.

Chancellors Challenge website would be the source of information. Please check the same on regular basis.

No, NMIMS will not own any IP by the virtue of your participation in Chancellor’s Challenge.

No, proposal should be uploaded online on the link provided by and you are all set. You are expected to visit Mumbai only if you are qualified for the grand Finale. Once you qualify, we will get in touch with you directly.

No. We don’t release our judge lists for any of the rounds. However they will be drawn from a variety of backgrounds, including funders, founders, industry experts and executives, lawyers and other specialists deemed appropriate to understand the commercial viability of a business idea.

No. Judges and coaches do not sign NDAs. This is common practice in the entrepreneurial world, especially when you are pitching your idea to investors. You should figure out a way to talk about your business, but not give away the confidential information that could be patented, trademarked, or that is simply your secret sauce.

Yes, but not with the same business idea if you were a winner (grand prize, first or second). You may compete with the same idea if you did not win one of these prizes. You may also compete in your second year with a different idea.

For specific queries, you may reach out to ideas@nmims.edu