Madras univ to organise start-up competition for students

CHENNAI: The University of Madras will be conducting a start-up competition titled ‘THULIR-2024 for its students to help them nurture their exceptional business ideas this year.

With support from the centrally sponsored RUSA (Rashtriya Uchathar Siksha Abhiyaan) scheme, the Entrepreneurship and Career Hub (ECH) of the university, in its notification, said the competition was designed to give student entrepreneurs a real-world experience to hone their business plans and elevate pitches to generate funding to successfully launch their business ventures.

The institution added that the ECH focuses on creating an entrepreneurial ecosystem in the educational campuses and promote entrepreneurial initiatives among students. There would be two rounds of the selection process. In the first round (elevator pitch), screening of a one-minute video pitch from each team and submission of a two-page Document about the business plan.

Twenty shortlisted teams would make the final presentation before a panel of judges in the second round. The THULIR 2024 competition, will be evaluated by an eminent jury and teams will be shortlisted for the final presentation.

The guidelines of the competition said any number of business plans could be submitted from a department, provided that the teams have no common members. The deadline for online registration of the students will be on March 30.

With final results to be declared on April 19, over Rs 10 lakh is to be dispersed as seed funding to the winning teams.