Events:

The 100/10 Challenge

"Give me a lemon and I'll make it lemonade."
Do you think you could be saying this?

Do you smell a business opportunity everywhere, a way to earn money in everything?
You think you could give a tip or two to the food court owner on how to run his business better?
You think you can sell a comb to a bald guy? A mouse to a farmer? A PC to a Mac user?

If any of this is you, well buddy we got something for you. You get 8 hours and 2 minutes (disjunct) to prove your mettle. 100 bucks to prove if you can turn the lemon into the lemonade!

 

WHEN?
Briefing begins at 9:00 am on Oct. 19. (Yup, that's a Sunday morning but don't they say NO PAINS, NO GAINS!)
Be a cunctator and you'll miss the important stuff.
It'll be followed by seed money distribution to enable the event to start at 10 am sharp.
You've to report back 8 hours later at 6 pm.
Declaration of top 10 qualifying teams will be made at 6:45 pm but things don't get over yet!
These qualifying teams will have to make a 2-mins oral presentation, beginning 7 pm, before a panel of judges. (No technical aid will be provided)
Prize distribution will take place at the end of the presentation.

 

WHERE?
Seed money distribution at OAT.
Final presentation at Conference Room, CEP.

 

RULES FOR PARTICIPATION:

1. The teams will be accepted in a size of 2-3.

2. All the teams shall be given Rs. 100 by 10 am on Oct 19, 2008 and will be expected to increase the amount as much as they can in the next 8 hrs.

3. You are not allowed to put any extra money from your side.

4. You are required to report by 6 pm on the same day.

5. You are not allowed to take any external financial help.

6. The teams incurring a loss will have to give the details of the loss, and return the remaining amount at the time of reporting, failing to which will result in serious consequences.

7. 70% of the total profit will be given to you.

8. The top 3 teams will be given prizes.

9. Any person/team found to be using any illegal method for making profit will be disqualified from the event and may also face serious consequences.

10. All teams will be asked to provide complete details of the method they use.

11. In case of any discrepancies or conflicts, decision taken by CEID will be final and binding to all.

 

NB: In the above "disqualification" means, you will be required to return the entire amount of
Rs. 100, irrespective of the amount left with you.

Special Prize:
A special prize will be given to the TOP team under the category of 'special' teams.
Here 'Special' refers to the teams having strength of girls more than or equal to 50% of the team size i.e. at least 1 girl in a team of 2 and at least 2 girls in a team of 3.

 

HOW TO REGISTER?
All teams (in size of 2-3) are requested to register by email in advance, i.e. starting from now anytime before 8 am on Oct 19, 2008. There will be on-the-spot registrations too at the venue, but cunctators will be at the back of the cash distribution queue! Worse, we might have to say you NO.

Either of the team members can send us the team composition at ceid[at]daiict[dot]ac[dot]in, with names, student IDs, phone nos. and room nos. of both the members. Keep the subject line as "Registration 100/10." Your contact information will be kept strictly confidential!

Don't forget to read the Rules for Participation.

Still confused? Check out the FAQs.

For any doubts or queries, you can reach us at ceid[at]daiict[dot]ac[dot]in

Read previous winner’s success stories.

So, what you waiting for? Rush!

 

Frequently Asked Questions (FAQs)

1. Am I allowed to go out of the campus?
You can go out of the campus if you wish, but you are expected not to indulge in any unethical or  
illegal activity.

 2. Am I allowed to use the goods that I own?
You are allowed to use any goods like bike, computer etc. to cut your cost, as long as its use isn’t unfair to other participants. e.g. if you travel on a bike, the cost of petrol used should be factored in, just like a person traveling by bus would include the cost of buying the ticket(s). However, you are not allowed to spend money from your side. The only capital you can use is the amount you are given and the amount you can earn out of it. Any conflicts arising in this regard shall be resolved at the discretion of CEID.

      3. Can I use my computer to burn CDs and sell them in the market?
As specified by the Rules for Participation, indulging in any illegal activity will result in disqualification. So, as long as you are not indulging in any form of piracy, the aforementioned method can be used.

      4. What if I lose all or some money?
If you lose money, you won't be asked to return the lost amount. But you will be required to produce details of the cause and the way you incurred the loss.

      5. If I am not penalized on account of a loss, I can always show a loss and keep the money with me.
Yes you can! But we expect all fellow DA-IICTians to understand that, the capital requirement for the event is being met by the faculty coordinators of CEID who are involved with CEID for our benefit, and any losses incurred on the entire event will be borne by them. So it's better we remain          honest in our dealings. Although we don't have any mechanism to track you or your activities during the course of the event, but if a person is caught bluffing, serious action may be taken against his/her team.

      6. Why am I not given the entire profit I make?
This is the rule of the market! Since we are providing the seed money (although small) to all, we should have a share in the profit. It is mostly to make up for the amount some of the teams might lose and for the prize money we give. If any amount is left after that, it will go to CEID and will be used for the future activities organized by CEID.

 

Contact:

Sudhanshu Agrawal (+91-9723748964)

Ankit Kothari (+91-9924121574)

email: ceid[at]daiict[dot]ac[dot]in