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Chennai: Coimbatore will host a national level
competition Thursday, in which 30 undergradutates from nine Indian
states will showcase their businesses for a place in the Global
Student Entrepreneur Awards (GSEA) at the New York Stock Exchange
(NYSE), US.
The 30 finalists include entrepreneurs from Tamil Nadu,
Maharashtra, Karnataka, Madhya Pradesh, Orissa, Punjab, Gujarat,
Uttar Pradesh, Delhi and Andhra Pradesh, according to statement
Wednesday from the hosts of the India finals, Entrepreneurs
Organisation (EO), Coimbatore Chapter.
EO is global network of around 8,000 entrepreneurs, founded in
1987, with 120 chapters in 40 countries.
"The GSEA programme offers student entrepreneurs a great
opportunity to meet with fellow entrepreneurs and reach out to
mentors and investors to share their successes, failures, listen
and learn to go to the next level," said Annush Ramasamy, EO-GSEA
programme director for South Asia.
Three will be awarded at the competition, of whom the first place
winner will represent India at the GSEA in New York, Nov 17, and
vie with 29 others for the $150,000 prize money.
The prime eligibility criterion is that their business must be in
operation for more than six months and generating revenues. It
also must be a new business idea with a good game plan that
incorporates strategies, future growth and market understanding.
Also known as textile city, Coimbatore is around 500 km from here.
It is a city with a large number of micro, small and medium
enterprises (MSME) and positions itself as the cradle of
entrepreneurship sustainability over the last 50 years.
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