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IIT Kanpur is organising Megabucks, an annual entrepreneurship competition, from February 11-12, 2006. The event is a platform for spotting ventures/business plans of students and professionals.

It aims at serving as the right platform for budding entrepreneurs to act on their ideas and talents to develop them into reality and nurture them to form exceptional enterprises, says a report in CoolAvenues.com

Some companies that have emerged from Megabucks are Transversal E Networks, Kalzoom Technologies and GEO-X. The judges of the competition include venture capitalists and entrepreneurs.

The event has participation from institutes like IIMs, XLRI, SP Jain, IITs, besides international universities like Stanford, Purdue and National University of Singapore. This year's speakers include Dilip Chhabaria (DC Designs), Douglas Breckenridge (CEO, Mindguild), Muneesh Chawla (MD, IL&FS), Vijay Kumar (CEO, NIIT Ventures) and Aditya Tyagi (Founder & CEO, Enablers InfoTech).