Chennai, June 21, 2016:EnRyz launched an exceptional and unique opportunity for all SMEs (Small and Medium Enterprises) called EnRyzNow for what is a first of its kind competition in Kochi today. The venture will enable businesses to present their expansion plans to a panel of experts comprising industry veterans, investors and mentors. The funding opportunity, which is in the form of a nationwide contest, will be held across 60 cities in India. Registrations will be open at www.enryz.com/applynow from June 24, 2016.
EnRyzNow is a ‘by Indians, for Indians’ endeavor, open to businesses registered and owned in India. The eligibility criteria include minimum three years of continuous profitability, annual sales of more than Rupees 50 lacs for product manufacturing or service businesses only. The winner will gain strategic equity investor(s) who will help them either reduce costs, improve operations or increase their sales and profitability significantly. Apart from networking, SMEs will also gain knowhow on how to grow their business with inputs and advise from industry experts.
Sajju Jain, Founder of EnRyz quotes “As an organisation that is seeking to create jobs in India, small and medium business enterprises are the best candidates. EnRyz is a platform that will help businesses grow fast through the right network of investors and expert advisors. We are hoping that SMEs across the country will take this opportunity to fulfil their dreams of growing into larger and more successful entities. The results of EnRyzNow will be tangible and tracked throughout the year and we are hoping to showcase local, regional and national success stories at the end of it all. We are very excited about the number of investors that have seen merit in an initiative like this and have come forward to offer guidance, support and financial backing.”
The format of the competition includes SMEs presenting their business plan to a panel of judges. On selection, they then qualify for the regional semi-finals which will be conducted in Kolkata, Bengaluru, Mumbai and New Delhi. Winners will finally present their innovative business modules directly to eminent investors, enabling them access to expert guidance, industry connections and funds for expansion.
