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The finals of the India Venture Challenge, a business plan competition organized by Draper Fisher Jurvetson (DFJ) and TiE (The Indus Entrepreneurs) are being held today at Indian School of Business in Hyderabad. The contest has seen participation of 125 budding and aspiring entrepreneurial teams from across India, representing both new ventures and existing early stage businesses.

The 10 short listed candidates will present their business plans to a team of judges and the award ceremony of the DFJ-TiE India Venture Challenge will be held at ISB on February 20. The panel of judges includes Sarath Naru, MD, APIDC, Ranjan Chak of Oak Investments, Raj Atluru and Mohan Lakhamraju from DFJ, N.S. Raghavan, founder of Infosys and Nadathur Holdings, Srini Raju founder of ILabs and Professor Chandrashekhar of ISB.

The competition has been co-sponsored by Nadathur Holdings, ILabs Group and the ISB, Hyderabad. The first prizewinner will receive seed funding of $100000 and the second prize winner will receive seed funding of $50000. The seed funding is being provided by DFJ and Nadathur Holdings. (Via Press Release)