The one entrepreneur who survives these grueling tasks, and makes it to the end will receive funding of upto Rs 5 crores, from the Mumbai Angels, to execute their business plan.
Speaking on the occasion, actor Rahul Bose said, “While the Pitch will be very different from whatever I"ve done before, given my past in advertising and my present in running an NGO, it"s something I"m only too familiar with. I look forward to listening to the country"s best business minds share their acumen, but most of all I look forward to getting to know the ten most deserving entrepreneurs in a country that undeniably has the most entrepreneurial energy on earth."
Bloomberg UTV received business plans from aspirants in different walks of life across the country, ranging from doctors and engineers to students, housewives, salesmen, agriculturists, social service workers and even Indians living abroad. Although, not qualified to participate, entries were even received from nationals of foreign countries like Poland, Malaysia and Uzbekistan. Following the nationwide call-for-entries, about 100 potential aspirants were called to Mumbai to make their Elevator Pitch before jury comprising entrepreneurs, business experts and investors. The jury evaluated the aspirants on the merit of their Elevator Pitch and their individual excellence, to identify the 10 finalists.
Mr Deepak Lamba, Business Head, BloombergUTV said, “The tremendous response for Season 2.0 of THE PITCH has proved that India has a significant pool of budding entrepreneurs and we remain firmly committed to pioneer the hunt for India"s next great entrepreneur."
Each episode, a business icon will design and assign tasks to the participants, which will challenge them on the most critical skills required to be a successful entrepreneur. The elimination of the weakest performer will see the most competent and deserving aspirant go on to receive the funding of up to Rs 5 crores from the investors. As the anchor, Rahul Bose will not only explain the task to the viewers but also elaborate the rationale behind it, get reactions from the icons on the participants" performance and be the viewer"s guide throughout the series.
Mr Prashant Choksey, Co-Founder, Mumbai Angels said, “Entrepreneurship is about innovation, ideas, imagination, passion and risk and at Mumbai Angels; it is our primary objective to promote and encourage budding entrepreneurs. We are supporting innovation and creating employment. The Pitch is a great platform created to identify these entrepreneurs who will energies and fuel the growth of the country and we are happy to be a part of this process."