Opportunity brief
*About the Competition:*
Innovation Auction is a two-round entrepreneurship and strategy competition that tests innovation, strategic thinking, adaptability and resource management. Teams build a business idea around a given problem, bid for resources such as AI technology, funding, sustainable production, expert consultation and marketing support, then adapt their idea and pitch it to the judges.
*Build your idea. Bid for your resources. Adapt your strategy. Make it work.*
Plan → Bid → Adapt → Innovate → Solve
*General Guidelines:*
- Register through Unstop before the deadline.
- Teams must have 2–3 members.
- Only shortlisted teams from Round 1 proceed to the final round.
- Plagiarism or unfair practices will lead to immediate disqualification.
- Follow the instructions given by the organising committee.
*Eligibility:*
- Open to undergraduate and postgraduate students from all colleges and universities.
- Inter-college teams are allowed.
*Rules:*
- Adhere strictly to the time limits during presentations.
- Unfair means during the online quiz will result in disqualification.
- Ensure stable internet connectivity during the online quiz.
- Late submissions or incomplete registrations will not be considered.
- The decision of the judges and organising committee is final and binding.
*Time Structure*
Preparation Time: 10–15 minutes Presentation Time: 4–5 minutes per team Judges' Questions: 2–3 minutes
*Judging Criteria*
- *Resource Utilisation:* Effective use of acquired resources
- *Adaptability:* Modifying the idea to fit available resources
- *Problem-Solving:* How well the solution addresses the problem
- *Innovation:* Creativity within resource limits
- *Strategic Decision-Making:* Smart bidding and resource allocation
- *Business Viability:* Practicality and feasibility of the model
- *Presentation & Justification:* Clear, convincing explanation of decisions and solution