# Cash Prize and Distribution of Money

**Cash Prize :**

1 .Winner of Each Sector - INR 50,000. ( 5 Awards, in total INR 2,50,000)

**Distribution of Money:**

1.70% of the prize money will be awarded to the winners of the respective sectors within a period of 3 months from the finals of Ventura 2019.

2.The Money will be wired in the name of the team leader. All subsequent phases will be made in the name of the incorporated company.

3.Within a period of 6 months after the date of declaration of results, the teams will be required to submit a detailed report of their progress to the Entrepreneurship Cell, NIT Trichy. The report would be evaluated by our panel of judges.

4\. If the judges declare that adequate progress has been made, a further 30% of the prize will be released after 6 months from the declaration of results. By this time, the team must also have incorporated the company.If a team fails to give the report within the stipulated time, it shall be deemed that the team has forfeited the remaining prize.

