IndiaCo Advisors, a Pune-based investment management firm has announced InEnCy, a business plan competition focusing on energy efficiency.

Here is the pitch:

Energy efficiency, a prime factor in India’s economic growth and sustenance, requires innovative ideas converging into practice. For the purpose of promoting Energy Efficiency ideas into viable business, IndiaCo Advisors Pvt. Ltd. is proud to present InEnCy: The Business Plan Competition.

InEnCy is a first of its kind business plan competition in India, launched by IndiaCo in January 2011. It aims at identifying potential relevant innovations that could lead to viable businesses with technological and or scientific breakthroughs to improve or revolutionize Energy Efficiency. With this focus InEnCy has been able to create a support network of industry experts, VCs & investors operating in Energy Efficiency space. The InEnCy team has made a confidant foray into the competitive field of mentoring and Guidance and plans on making InEnCy Business plan competition an annual event to be held in May each year.

Laser focused on the energy efficiency sector, this competition would give a platform to budding entrepreneurs to present their innovative business plans. Mentored by a panel of industry experts, these entrepreneurs will have the further opportunity to shape and fine tune their concepts and hence turn them into successful and thriving businesses.

One winner will be proclaimed, but many more ideas to change the world will get exposure through the competition process. At the Grand Finale on May 14th InEnCy will be showcasing the final 10 business plans/ideas; best three of which will receive exciting awards!

Fast facts:

• Shortlisted candidates will be assigned mentors from a panel of experts.
• Online mentoring is available if required
• Structured and transparent mentoring process.
• Prizes worth Rs. 5,00,000.
• A chance to pitch for Investments from IndiaCo Energy Efficiency Fund.
• Network access to investors, mentors and potential partners.
• Access to technology incubators.

The last date for registering is 27th Feb, 2011. Check out the InEnCy website and get started.