CiBR 25" October 2010, To, Or. 7. Prasad ‘National institute of Industrial Engineering Vihar Lake. °.0 NITIE, Mumbai - 400087 Subject: Grants-in-aid to National institute of industrial Engineering, Mumbai for organization of Enflammer ~ Best Student Enterprise of the Year 1) Sanction of the Next Big Idea is accorded for organization of Enflammer - Best Student Enterprise of the Year by National Institute of industrial Engineering, Mumbai with this program's financial support, an initiative sponsored by Department of Science & Technology, Government of india and intel and managed by the Nadathur S Raghavan Centre for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management Bangalore, not exceeding & 50 thousand (Rupees Fifty Thousand Only). Expenditure over and above & 50 ‘thousand, if any, would be met by the grantee on its own oF from other sources 2) tom of Expenditure Prize Money 3)_ Release ofthe total approved amount wil be made in two installments as mentioned below: ') & 37,500/- to be released as first installment within 30 days of receiving the acknowledged copy ofthis letter il) 12,500/- to be released as final installment after completion of the program and submission of self attested report giving details of the expenses met with the funds sought under Next Big idea 4) The grantee shall provide the details on whom the cheque needs to be issued or provide the details of the Bonk Account with IFSC Lude \o enable bank transter 5) The sanction of this grant is subject to the terms and conditions as mentioned below to be performed by the grantee: 2} Inform all participants about incentives that the winners can avail through Next Big Idea b) Display banners, posters and other promotion material of Next Big Idea before and during the competition which will be provided to you During the event, give an opportunity to a representative to present the Next Big idea to the audience or alternatively a write up about Next Big idea will be sent across for you to communicate tothe audience ped © Conta, Mp, A se sears aR & ) Give Nowa INSTITUTE OF MANAGEMENT. {Rt woven’ BANGALORE | men rs treo a € 0 NY at oe4) (ral communications & website mention prominently about Next Big idea and display the {og0 which will be provided to you o rarenleton ofthe event, the grante shall send a brief report of the event and phe details of the expenses met with the funds sought from Next Big kdea §) The sanction has been isued under the concurrence of the Advisory Panel and the internal “ering Committee members of Next Big idea, vide ther Sanction No. 107/Next Big Mea/2010. 11, dated 25" October 2010. aise acknowledge this letter and send a copy fr our record On receipt of the acknowledgement, the grant will be prucessed, ¢ Sufvanarayanan) c we Eee pd ee ee ay j et Cony forwarded for nfomation to: 1 Me Hark car na © ws Ader Mer Seay Natoni Sence& Tetnalogy Eeprencusip Development Board (NSTED8), Deparinen a Scenes & erinclog Concent eae 2) Prof. K. Kumar Chairperson, NSRCEL 3) Mr. Manav Subodh Global Manager- Entrepreneurship & Innovation, Higher Ed programs, Corporate Affairs Intel Corporation