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Rs. 30 Crore Investment Pool Awaits: Inside IIT Madras’ Elevate 8.0 Competition.

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The Entrepreneurship Cell (E-Cell) of IIT Madras has unveiled Elevate 8.0, the 8th edition of its flagship national startup competition. Aimed at fostering entrepreneurial spirit and nurturing groundbreaking ideas, Elevate has emerged as a springboard for startups looking to make a name in the competitive business world.

About IIT Madras E-Cell – Driving Innovation and Entrepreneurship

The Entrepreneurship Cell of IIT Madras is a student-driven organisation that plays a pivotal role in shaping India’s innovation landscape. Known for nurturing cutting-edge ideas and empowering budding entrepreneurs, E-Cell has consistently provided crucial mentorship, resources, and a thriving investor network. Elevate is one of its marquee initiatives, enabling startups to connect with investors, industry leaders, and mentors, solidifying E-Cell’s reputation as a beacon of innovation and excellence.

Introducing New Tracks for 2025

Elevate 8.0 comes with exciting new opportunities for startups by introducing two specialised tracks:

  • Tech Track – Dedicated exclusively to technology-driven startups.
  • Sector-Agnostic Track – Open to startups across various industries (excluding tech).

These tracks ensure that both tech pioneers and innovative startups from other sectors receive tailored guidance, fostering growth across the entrepreneurial spectrum.

What Participants Can Gain – The Prizes and Perks

Startups competing in Elevate 8.0 stand a chance to unlock life-changing opportunities:

  • Investment Pool – Over ₹30 crores in potential funding from IIT Madras’ expansive investor network.
  • Cash Prizes – A ₹3 lakh prize pool rewarding innovation and excellence.
  • Startup Incentives – Support from Awfis, MSG91, and CleverTap, offering access to co-working spaces, communication platforms, and analytics tools.
  • Travel Perks – Abhibus and Ease My Trip provide travel benefits to ensure smooth participation.
  • Live Product Showcase – A rare opportunity to pitch products to a national audience and capture attention from investors and industry leaders.

Three Phases of the Competition

The competition follows a structured three-phase model:

  1. Online Screening (7th Jan to 20th Jan) – Initial evaluation of applications.
  2. Zonal Rounds (1st Feb to 10th Feb) – Conducted in cities like Bangalore, Hyderabad, Mumbai, Delhi, and Chennai.
  3. Grand Finale (28th Feb to 2nd March) – Top startups will pitch their ideas live to investors and mentors.

Unparalleled Mentorship and Industry Connections

Participants in Elevate 8.0 will receive invaluable mentorship from seasoned entrepreneurs and industry leaders. VCs from renowned firms like Antler VC, Kalaari Capital, Titan Capital, and Equanimity will be part of the judging panel. Startups will also gain insights and guidance from top angel investors, ensuring they are well-equipped to refine their strategies and scale operations.

Celebrating Success – Past Winners’ Journey

Elevate has consistently produced successful startups that have left a mark in various sectors. Previous winners, including UR Advanced Tech, Evoride, Monkoodog, and Hesa Technologies, have achieved significant milestones, showcasing the competition’s effectiveness in nurturing promising startups.

Who Can Apply?

Elevate 8.0 is open to startups from across India, with a focus on innovative businesses that possess a Minimum Viable Product (MVP) or are market-ready. Whether you’re in tech or another domain, this is the perfect platform to take your startup to the next level.

How to Register

Registrations for Elevate 8.0 are now open. Startups can apply through the Elevate website or via Unstop. Secure your spot and take the next big leap in your entrepreneurial journey.

Elevate Your Startup Journey

Seize this unparalleled opportunity to scale your business, connect with industry leaders, and elevate your startup’s growth trajectory. Don’t miss out – register now and take the first step toward transforming your vision into reality.





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The Worst Computer Virus of All Time: A Digital Plague Still Spreading

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Imagine opening an email on a seemingly ordinary day, only to unknowingly unleash a digital monster that would wreak havoc across the globe. This is the story of MyDoom, the worst computer virus in history, responsible for over $55 billion in damages over the past 20 years. Despite extensive efforts to trace its origins, the identity and motives of its creator remain a chilling mystery. Let’s explore how this cyber nightmare continues to haunt the digital realm, infecting machines at an astonishing rate of 1.2 billion emails annually in 2025.

The Birth of MyDoom: A Day That Shook the Internet

It all began on January 26, 2004, when people worldwide started receiving peculiar emails. The subject lines varied, but the message inside often read: “I’m just doing my job, nothing personal, sorry.” Attached to these emails was a file, which, when opened, unleashed a worm into the victim’s computer. This wasn’t just another malware; MyDoom was a highly sophisticated piece of code designed to exploit vulnerabilities with ruthless efficiency.

Within hours, infected computers began sending copies of the worm to every email address in their contact lists. The sheer scale of its impact was unprecedented: within its first year, MyDoom was responsible for 25% of all emails sent globally.

How MyDoom Operates: The Anatomy of a Digital Menace

mydoom

MyDoom’s core functionality was deceptively simple yet devastatingly effective:

  1. Rapid Self-Replication: Once activated, the worm scanned the infected computer for email addresses, sending itself to as many recipients as possible.
  2. Botnet Formation: Infected machines were added to a vast botnet—a network of compromised computers under the control of the virus creator.
  3. DDoS Attacks: MyDoom leveraged this botnet to launch Distributed Denial of Service (DDoS) attacks on major websites and servers, disrupting operations for businesses and governments alike.

Economic Fallout: A $55 Billion Digital Disaster

The financial toll of MyDoom is staggering. Direct damages, such as lost productivity and system downtime, combined with indirect costs like reputational harm, have amounted to over $55 billion. This makes MyDoom the most expensive malware outbreak in history.

To put this into perspective, the damages caused by MyDoom exceed the GDP of several small nations. Companies scrambled to enhance cybersecurity measures, while governments issued warnings to prevent further spread—yet the worm persisted.

The Unsolved Mystery: Who Created MyDoom?

Despite a $250,000 bounty offered by Microsoft for information leading to the arrest of its creator, the identity of MyDoom’s developer remains unknown. Speculations range from rogue hackers seeking fame to organised cybercriminal groups. Some even theorise it was a state-sponsored attack.

The cryptic apology in the email message (“I’m just doing my job”) adds an eerie layer to this mystery. Was it a disgruntled employee or a cyber vigilante? The truth, much like the worm itself, remains elusive.

MyDoom in 2025: A Virus That Refuses to Die

Two decades later, MyDoom is still active, sending approximately 34 million emails daily. Advances in cybersecurity have made it harder for the worm to spread, yet its persistence highlights the challenges of eradicating legacy malware. MyDoom has become the digital equivalent of a cockroach—annoying, resilient, and seemingly indestructible.

A Digital Plague for the Ages

MyDoom’s story is a cautionary tale of how one piece of malicious code can upend the digital world. Its continued activity is a reminder that the internet, for all its advancements, remains vulnerable. While cybersecurity experts work tirelessly to outsmart the next big threat, MyDoom lurks in the shadows, a relic of the early 2000s that refuses to fade away.

As we advance into an era of AI-driven technologies and quantum computing, let’s not forget the lessons MyDoom has taught us: in the digital battlefield, complacency is not an option. So, the next time you receive an email that seems “off,” think twice—it might just be MyDoom knocking on your inbox.





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GrayQuest raises Rs 80 Cr in Series B funding round

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Fintech startup GrayQuest  has raised Rs 80 crore ($9.3 million) in its latest Series B equity funding round.

The fintech company, which focuses on building digital financial solutions for India’s education ecosystem, has bagged the funding from IIFL Fintech Fund, Claypond Capital (Family Office of Dr. Ranjan Pai), and existing investor Pravega Ventures.

The company plans to utilise the capital to further enhance its technology platform and significantly scale its distribution to educational institutions across the country.

“We have had quite a journey from the initial days of pitching a radically new way of collecting fees at institutions to our solutions slowly becoming a must-have for educational institutions across the country. We are thankful for the trust and conviction shown by some of India’s most respected investors to partner with us in this journey as we continue to focus our efforts on building innovative solutions that will make a significant positive impact to the lives of our customers across the education ecosystem,” said Rishab Mehta, Founder and CEO, GrayQuest.

Founded by Rishab Mehta in 2017, the Mumbai-based startup offers educational institutions a unified payments platform to enable them to digitize and boost their fee collection. Its platform enables institutions to offer their students and parents multiple payment options, including a monthly payment option to pay their annual education fees without bearing any extra costs.

“India’s education ecosystem is one of the world’s largest, with over $120 billion of education fees paid annually. However, there has been little innovation in recent decades, especially compared to similar ecosystems that have embraced digital payments. We were impressed with the category leadership and the impact GrayQuest solutions were having on some of India’s leading institutions across the country and are thrilled to partner with them on this journey,” added Mehekka Oberoi, Fund Manager, IIFL Fintech Fund.

 

 

 





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Construction solution startup Nirmaan closes seed funding round led by Equanimity Investments

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Nirmaan, a B2B managed marketplace focused on the construction materials sector, has closed its seed funding round led by Equanimity Investments. The company will use the capital to fuel its technological infrastructure, expand to new regions, and diversify its product categories.

The Kolkata-based firm aims to transform the fragmented construction materials market by leveraging technology to connect manufacturers with retailers. Launched initially by offering sanitaryware, the startup has already served more than 1,000 unique retailers within an 80-km radius of the city.

Targeting suburban metros and Tier-II/III towns in the country, Nirmaan addresses significant distribution gaps in these regions.

Rajesh, Managing Partner at Equanimity, stated, “Mayank and Manish bring decades of extensive expertise in supply chain management and possess a profound understanding of the challenges encountered by manufacturers and retailers. The construction materials industry remains highly fragmented, with national players capturing less than 50% of the market, and regional brands having an even more limited presence. We are delighted to collaborate with them as they expand their product portfolio and extend their presence across diverse geographies.”

Some of the key challenges in the sector include manufacturers facing an opaque value chain, limited market reach, and inefficient communication with retailers. Conversely, retailers struggle with brand and product discovery, frequent order fulfilment failures, and delays in delivery timelines. These challenges often lead to excessive inventory stocking, which ties up critical working capital.

Founded by Manish Maheshwari and Mayank Bhawsinghka, the platform helps manufacturers increase market reach and build brand visibility. For retailers, the solution includes a unified platform for faster discovery and procurement, enabling smaller and more frequent restocking. Through a mobile app, retailers can reduce minimum order quantities, free up working capital, and streamline their product discovery processes.





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