EDC Startup Competition

12/05/2016

The prizes for the EDC Technology Startup competition were donated by

Shri T. V. Mohandas Pai – Rs.1.75 lakh,
Persistent Systems Limited – Rs.1.00 lakh,
Shri Vinod Tharakan – Rs.0.50 lakh,
Shri Onkardatta V. Deshpande and Ms. Bhakti Niranjan Mujumdar – Rs.0.50 lakh.
EDC limited - Rs.5.00 lakh.

Centre for Incubation and Business Acceleration (CIBA) has also agreed to offer lot of incentives to the winners of this competition.

11/05/2016

11/05/2016

EDC is proud to announce the winners of its first "Technology Startup Competition", which were presented at a Gala Event today at the hands of the Honourable Chief Minister of Goa - Mr Laxmikant Parsekar & Panjim MLA -Mr. Siddharth Kunkoliekar.

The winning teams were :
1st Place : Inventrom Rs.5.00 Lakh
2nd Place : Kallows Engineering Rs.2.00 Lakh
3rd Place : Browntape Technologies Rs.1.00 lakh

The EDC also compliments the rest of the finalists, which included the teams behind Freethink, 6Degree, Servisingh.com, Smartklock & the scratchit app."

06/04/2016

List of 8 Finalists for Competition for Technology Startups by EDC Limited
http://www.edc-goa.com/edc/startup.php

10/02/2016

FAQs on EDC STARTUP COMPETITION

1. Is the Competition open for new units registered during 2015-16?
Ans: Yes.
The units registered on 15/02/2016 and which have already started the operations can take part in the competition.

2. Is the Competition open for individual proprietory firms or partnership firms?
Ans: Yes.
The competition is open for all firms (proprietory, partnership, private limited companies, public limited companies, LLP, etc.). registered within last 5 years with turnover not exceeding Rs.25.00 Cr in any preceeding financial year.

3. Is any particular product or services have been identified for the Startup Competition?
Ans: No.
All products / services which are technology based and innovative type are eligible for the competition.

4. Is the startup should have availed loans from EDC Limited?
Ans: No.
It can be self financed or financed by other nationalized banks/co-operative banks, etc.

5. Is the startup should be setup in Goa?
Ans: Yes.

6. Is the startup should be setup by Goan Entrepreneur?
Ans: No.

7. Should the startup have any percentage of Goan employment?
Ans: No.

8. Is the startup should have a sale invoice in Goa?
Ans: No.

9. Is the startup should be a profit making firm?
Ans: No.

10. Can the startup started as a sister concern by a well established firm be eligible for the competition?
Ans: Yes.
The firm should satisfy the required eligibility criterias.

11. How will be the selection process? Is it point based?
Ans: Panel of judges will decide.

12. Is there any application fee for the Competition?
Ans: No.

13. Is the product has to be submitted to EDC Limited alongwith the application form?
Ans: No.
The panel of judges may request for the product demonstration if required.

14. Can the project taken up by Final year college student be eligible for the competition?
Ans: A student apply for the competition if he/she fulfills all the eligibility criteria of the competition.

15. Are any credentials required from the customers with regard to the use of the product or services at the time of submission of the application form?
Ans: No.

16. Is any opinion report required from the bankers at the time of submission of the application form?
Ans: No.

17. Can the scanned copy of the application form be sent by mail on [email protected]?
Ans: Yes.

10/02/2016

17. Can the scanned copy of the application form be sent by mail on [email protected]?
Ans: Yes.

10/02/2016

16. Is any opinion report required from the bankers at the time of submission of the application form?
Ans: No.

10/02/2016

15. Are any credentials required from the customers with regard to the use of the product or services at the time of submission of the application form?
Ans: No.

10/02/2016

14. Can the project taken up by Final year college student be eligible for the competition?
Ans: A student apply for the competition if he/she fulfills all the eligibility criteria of the competition.

10/02/2016

13. Is the product has to be submitted to EDC Limited alongwith the application form?
Ans: No.
The panel of judges may request for the product demonstration if required.

10/02/2016

12. Is there any application fee for the Competition?
Ans: No.

10/02/2016

11. How will be the selection process? Is it point based?
Ans: Panel of judges will decide.