e-auction

E-Cell IIT-Madras

E-Auction

Bid Smart, Win Big

Registration Deadline is:TBD

About

E-Auction: Bidding Auction with virtual money

E-Auction is a strategic simulation where participants act as investors, bidding on startups to build the most influential portfolio. Each team must manage a limited budget to acquire high-potential startups with varying influence ratings. The event challenges participants to think like venture capitalists, making calculated decisions to outbid competitors and maximize their startup’s impact.

Vision

At E-Auction, we aim to ignite young minds in the fields of investment and entrepreneurship, fostering a strategic and competitive spirit. Our mission is to provide a unique platform for skill development through an engaging auction simulation, equipping the next generation with the tools and insights to excel in the dynamic world of venture capital and startup investments. Join us in shaping future-savvy investors, ready to navigate market uncertainties, make informed decisions, and thrive in today's fast-paced business environment.

Incentives

Goodies and Trophies

Collaborative Learning

The game fosters teamwork and networking as participants collaborate within their teams and across sectors. This creates a dynamic environment where ideas, skills, and market insights are exchanged, enhancing the learning experience and promoting diverse approaches to investment strategy.

Real-world Application

In E-Auction, students apply their theoretical knowledge in finance, entrepreneurship, and market strategy to manage a virtual investment portfolio. They gain practical insights into strategic decision-making, bidding tactics, and startup valuation, simulating real-world investment scenarios.

Rounds

Round 1: Virtual Bids, Real Stakes

This round brings a unique twist to the traditional auction format, where participants will use virtual money and bid on companies assigned specific points and base prices.

As you strategically bid and make your moves, the game will evolve—every 5 slides, unexpected situations will arise that impact the market. Some companies will see their points drop based on these events, creating opportunities for savvy participants to seize a competitive advantage.

Round 2: Buy, Sell, and Multiply

In this round, participants will have the freedom to buy and sell companies at will, but here's the catch: if you manage to buy companies from the same category, your points will multiply by 1.5x.

This round demands strategic thinking and market insight. The more you align your portfolio with companies from the same category, the more your points will grow. However, selling the right companies at the right moment is just as important as buying. Make your moves wisely to capitalize on the multiplying effect while managing your risk.

With a dynamic market where both buying and selling can shape your future, this round will test your ability to not only invest but also to adapt to changing circumstances and outmaneuver your competitors.

Round 3: Secure Investors, Boost Your Portfolio

In this round, participants will continue bidding on companies with their given prices and points, but with an exciting twist. Every 5 slides, investors will enter the scene, ready to be bought by the participants.

These investors are no ordinary players—they come with the potential to boost your portfolio. Each investor is aligned with a specific type of company, and by purchasing them, participants will not only increase their ownership but also see their companies' points soar. The key to winning is identifying which investors will give you the best return and making calculated moves to strengthen your holdings.

Eligibility

Anyone with an interest in investment, marketing strategies, branding campaigns, management or business is eligible to participate.
There is no restriction in terms of education or age.

FAQ

Is team registration necessary?

Is this event online?

Can participants from a team belong to different educational institutions?

growth_ecell@smail.iitm.ac.in

+91 7404769417 Vansh

+91 7034943826 Nizam

E-Summit