Shark Tank: The Ultimate Test for Aspiring Entrepreneurs

Get ready to sink your teeth into the most thrilling event of Entrepreneurship- the Ashoka E-Club’s Shark Tank! The event is not for the faint-hearted. If you have a revolutionary business idea and the courage to pitch it to a panel of savvy investors, then this is the event for you! Our sharks are experienced business leaders who have built their empires from scratch, and they're ready to invest in the next big thing. You'll have the chance to get real-time feedback. Don't miss out on the chance to make a splash at Shark Tank - the ultimate test for aspiring entrepreneurs! 

Dates: 

Pre-event- 8-9pm, 31st March, 2023 

Main event- 12-6pm, 1st April, 2023 

Problem Statement (choose any one) 

1. Quality and Affordable Healthcare: Develop an innovative solution that improves access to quality healthcare for all, especially in underserved communities. 

2. Affordable and Clean Electricity: Develop a solution that promotes the use of affordable and clean energy sources while ensuring reliable access to electricity. 

3. Sustainable Cities and Communities: Develop a solution that promotes sustainable urbanization, enhances the livability of cities, and supports the well-being of communities

The idea should be scalable and should be solving a problem. Not just mitigating it.

Pre-event: 

Event Briefing 

The participants would be provided a briefing about the ideation for their startups and how the event would be conducted. At 8-9 pm, 31st March, 2023 

Round 0: Ideation and Submission Participants can register in teams of 3-5 members. They must ideate on their startup ideas along the lines of the problem statement and submit a slide deck that includes an introductory and final slide, with a maximum of 6 slides. 

Round 1: Elevator Pitch A participant from each team will give a 3 minute elevator pitch to the sharks (no slides or presentation). The remaining participants from the respective teams would be provided mentorship by the mentors on their startup pitch. 

Round 2: Shark Tank Pitching The shortlisted teams will present their startup ideas to a panel of experienced business leaders (the sharks) and an audience. Participants will be given 10 minutes to present their improved pitches, followed by a Q&A session with the sharks. 

Judging Criteria: The judging criteria will be based on the following factors: 

1.Innovation and creativity of the idea - 5 

2.Business viability and scalability - 5 

3.Presentation skills and clarity of the pitch - 5 

4.Ability to answer questions and address concerns raised by the sharks - 5

Prizes: 

Winner- ₹8000, 

First Runner Up - ₹5000, 

Second Runner Up - ₹2000 

Participation certificates would be given to every participant.