Student entrepreneur for global award to be chosen in Coimbatore

August 31st, 2011 - 9:24 pm ICT by IANS  

Chennai, Aug 31 (IANS) 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.

Indo Asian News Service

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