August 17, 2012 -
The award was presented to the winner, Varun Chandra of Guwahati, by Bollywood actor R. Madhvan and Vice President for Marketing of MSIL, Manohar Bhatt.
Aside from getting a new Maruti Suzuki Wagoner, Chandra received a cash prize worth approximately US$18,000. He also received approximately US$90,000 of monterary support to develop his voice biometrics platform.
The Maruti Suzuki Think Big Challenge is touted as one of the highly competitive business contests in India. In its third season, the show received over 2,000 genuine business ideas. The panel of judges was composed of: Executive Director, Seed Fund Advisors, Shailesh Vickram Singh; Director and Co-Founder, Movico Technologies Private Limited, Arvind Jha and Chief Executive Officer and Co-Founder of AG Knowledgetech, Abhik Ghosh.
During the award ceremony, Manohar Bhatt said: “The third season of WagonR Think Big Challenge has brought in more objectivity and greater focus towards the participants from specific target groups. Our previous two seasons were huge successes and this year too, we are overjoyed at the tremendous response shown by the eager participants. To encourage entrepreneurship among college students we specifically added a new category – ‘The Young Turks’ this year. WagonR Think Big Challenge is an ultimate test of a business idea, passion, leadership and smartness that provide a platform to “Smart” young Indians who can show the way and become an inspiration to others much like the brand WagonR’s core value.”
Should we have more challenges like this to encourage young, innovative, entrepreneurs to make a difference in the world of IT and biometrics?