ADAG group firm Reliance Venture Asset Management announced that it has entered into an agreement with Massachusetts Institute of Technology (MIT) for the 2010 edition of the college’s entrepreneurship competition.
The MIT $1,00,000 is an entrepreneurship competition that awards over USD 350,000 in cash and prizes, including USD 100,000 in cash for the grand prize, to outstanding student entrepreneurs whose business plans have the potential to transform into a successful venture, the release added.
As part of the exclusive India arrangement, the company will mentor winners and offer opportunities to develop business ideas in emerging countries such as India through its incubator program
