The Next Big Idea, a Business Plan Competition, sponsored by Department of Science & Technology, Government of India and Intel in association with Nadathur S Raghavan Centre for Entrepreneurial Learning (NSRCEL), at the Indian Institute of Management Bangalore (IIMB) aims to encourage innovation, create structure and process for the business plan competitions for leading academic institutions across India so that the innovative ideas born through these competitions are taken forward to become real businesses. Next Big Idea also aims to create a platform where any individual or team can post their innovative ideas and seek mentoring, access to incubation and angel funds to help them create a real business.One more objective of this program is to build capacity in Academic Institutions that conduct business plan competitions thereby helping to improve the quality of business ideas originated from there. The capacity building through Academic Institutions includes offering financial support to their competitions and conducting a two day fully paid conference at IIM Bangalore to enable sharing of information and best practices to conduct competitions. The incentives to the 40 winning teams include a chance to be incubated and raise seed funding, a one week fully paid workshop at IIM Bangalore with intensive mentoring and an opportunity to interact with VCs, cash prizes and a sponsorship to participate in Intel+Berkeley Technology Entrepreneurship Challenge (IBTEC) for top 2 teams. The two teams that will be participating at IBTEC next week from the Next Big Idea are iSensor Diagnostics and Brizz TV. iSensor Diagnostics is a novel Lab-on-Chip device for the measurement of cardiac markers and was founded by Vijaywanth Mathur, iSensor Diagnostics. iSensor Diagnostics intends to leverage its expertise in Biosensors/ Immuno sensors and micro fluidics to design and develop a world’s first iSensLab- a paradigm shift, point-of-care, self-calibrating, high performance, inexpensive (< $1.00) plastic biochip cartridge for rapid (in minutes) quantitative measurement of low concentration disease markers in whole blood serum samples which, will result in a hand-held device for rapid screening and diagnosis of cardiac, cancer and infectious disease markers. The proposed method utilizes a novel, inexpensive plastic biochip based electrochemical biosensor-a paradigm shift as compared to silicon chips. The developed technology platform can now be easily adapted for low cost, sensitive and rapid measurement of cancer markers and infectious diseases in low resource settings such as in semi-urban and rural areas in the developing countries. BrizzTV was founded by Krishnan Varadarajan (Cofounder CTO), Amarendra Sahu (Cofounder CEO), Jitendra Jagadev (Cofounder COO) at the Indian Institute of Management (IIM), Bangalore. BrizzTV brings personal web content of choice to your living room couches that you can enjoy on TV with a press of a button. Their patent pending digital media platform will serve as the backbone for the world's very first 'DTH (direct to home) TV App Store'. With BrizzTV, access to, affordability of and familiarity with the Internet will no longer holdback people from consuming content available over the web! In the past Indian teams have made a significant mark at IBTEC. In 2006 team Richcore received a first runner up and in 2008 team Polyskin again received a first runner up. This year with iSensor and BrizzTV the India teams are again aiming for the top honors at IBTEC 2010.
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