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Meraki

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Meraki is a unique platform that provides student entrepreneurs an opportunity to bestow their business ideas. It is organized by FIIB’s Centre for Innovation and Entrepreneurship (CIE) and is centered on creating an ecosystem for entrepreneurial thoughts, enterprising mindset venture resource partners, and trailblazing minds and business people.

It is a Pan-Asia ‘Business Plan Competition’ for entrepreneurs where their ideas face a litmus test in front of leading angel and venture capital investors. The platform provides an opportunity to get seed funding and guidance on improvement of plans that the budding entrepreneurs might have.

Every year Meraki gets registration from top universities of India and South Asia. From all the plans that are received, 10 are selected that fit the bill to present in front of an eminent adjudicating board including top business people and VCs of India. The jury assesses the teams as business visionaries soliciting start-up funds from early-stage investors and venture capital firms.  This competition is intended to give university students a certifiable encounter to adjust marketable strategies and elevator pitches to generate finances in order to successfully.

Judging Panel

Meraki hosts leading investors (as mentors and judges) from funds including AsiaBridge, Canaan Partners, Lightspeed Ventures, Providence Equity and Zephyr Peacock. The judges focus on the strengths of the business model (value proposition, market opportunity, sustainable competitive advantage etc.) and the team’s ability to execute the business plan presented.

Grand Prizes

In addition to valuable assessment and feedback on business plans, at Meraki winning teams are awarded fellowships to help launch their ventures. Over Rs. 3,00,000/- worth of fellowships are awarded each year along with massive exposure for the teams to meet investors for seed funding and guidance.

The Meraki Journey

Meraki’s first edition was hosted in 2012 where ‘We Thinkers’ from SNDT Women's College were judged the winners after a tough call from IIM Bangalore team who was the first runner up. The top two teams bagged fellowships worth Rs. 1,75,000. In 2014, in its third year Meraki received 125 high-quality business plans and from here on only the top 10 finalists were featured on the contest finale. In 2015, the total value of the competition fellowships was increased to Rs. 300,000/-, with the top 3 winning teams getting fellowship of Rs.1,50,000/-, Rs.1,00,000/- and Rs.50,000/- respectively. In 2017, the competition received 144 high-quality business plans from different universities, including a few international schools and in 2020 it received a heart-warming 262 team registrations and submission of business plans from 82 teams from across the country.

Meraki 2021

Meraki will be back again with its 10th edition in early 2021 promising to bring in more excitement for student entrepreneurs, as we will bring the great opportunity to network with industry trusted mentors, incubators, and investors that will give a boost to many start-up dreams and a chance to win lakhs of rupees as fellowship.

Do not miss this great opportunity! As FIIB’s unique B-Plan competition Meraki 2021 promises to a much larger platform, bringing in even bigger prizes and incubation support for the eligible ideas.  

For more details on Meraki, visit https://meraki.fiib.edu.in/

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