Ventureast, a venture capital firm that invests in early- and growth-stage ventures, has announced a ‘1-minute pitch challenge’ for early-stage start-ups.
To participate, entrepreneurs need to give their elevator pitch in a 60-second video capturing what is unique in their business.
The best entries will be invited for a mentoring session with Ventureast and will get a chance to qualify for the Startup Launch at UnPlugged 2016, a start-up event in Bengaluru, according to a press release.
The entrepreneurs will then get a chance to pitch to a group of investors.
Spot the problem According to the release, in the video, the entrepreneurs should identify the problem, present the solution, targets achieved and plan of action.
The start-up must be an early-stage business with market traction. The last date for sending in the pitch video is April 22.
The release quoted Sarath Naru, Managing Partner, Ventureast, as saying that through this initiative the venture capital firm is looking to help more entrepreneurs launch their start-ups and provide them with the right platform to attract funding.