About Eureka! 2026: Eureka! is Asia's largest Business Model Competition, organised by E-Cell, IIT Bombay. For over two decades, Eureka! has helped thousands of student entrepreneurs and early-stage founders convert raw ideas into fundable, scalable businesses. It offers a structured pathway of mentorship, funding, and investor access completely free of cost, at every stage. Eureka! 2026 is open to participants across India who are building or planning to build a startup, regardless of the stage they are currently at. Eligibility: Open to all Teams can consist of 1 to 7 members Open to all sectors and industries Startups already registered/incorporated can also apply(These startups get access to pitch in front of 50+ VCs for fundraising opportunities) One individual can be part of multiple teams provided that the idea submitted by other teams is not the same Recommended Stages Eligible to Apply: Idea stage MVP (Minimum Viable Product) stage Early revenue/growth stage Note: Even you haven't event started working on your startup dream, this is the perfect stepping stone for you. Competition Format: Eureka! is conducted in multiple rounds, moving from a broad applicant pool to a focused set of high-potential ventures: Round 1 - Questionnaire Round(Online) Teams submit their business idea/plan through a structured application form covering problem statement, solution, market, and business model. Round 2 - Zonals Round(Offline) Teams are evaluated by a panel of mentors, investors, and industry experts based on originality, feasibility, market potential, and team strength. It will be conducted in three cities of India, i.e. Mumbai, Delhi, and Bangalore Round 3 - VC Round(Online) Shortlisted teams will be pitching online in front of of a jury consisting only VCs. Final Round(Offline) Top teams pitch live in front of a jury of VCs, angel investors, and industry leaders for final evaluation and rewards at IIT Bombay Rules: All submissions must be original work of the participating team Plagiarism, misrepresentation of data, or false claims will lead to immediate disqualification Teams must adhere to submission deadlines for each round; late entries will not be considered Decisions made by the judging panel at each stage are final and binding Participants are expected to maintain professionalism and integrity throughout the competition Any change in team composition post-registration must be communicated to the organising committee in advance The organisers reserve the right to modify rules, timelines, or format at any stage, with prior communication to participants What Participants Get: Equity-free funding support worth INR 27L+ Direct access to 50+ venture capital firms Mentorship from 300+ founders, investors, and industry experts Guidance from 45+ incubators across the country A chance to pitch to Y Combinator Sponsored trips to Dubai and the USA for top-performing teams Structured feedback on product, business model, and pitch Networking opportunities with India's leading startup ecosystem