Bangalore: Startup City witnessed more than 60 promising startups battling it out to lay hands on the most coveted 'Best Startup Award 2012' in four different categories read Internet, Services, Products and Mobile sector. With eminent VCs comprising the jury the competition got tougher and electrifying.

'INKONIQ', a tech based start up from Bangalore, and 'SpanIdea Systems' a product design and technology services organization won the best Start Up award for the mobile and product sector respectively. The coveted trophy for service went to 'Nudgespot' which helps increase sales on store by offering targeted promotions to visitors. 'ProudUmmah' won the best internet startup prize due to their innovative attempt to bring organization and simplicity  to the pilgrimage process.

Startups were judged based on company overview, market opportunity, the team, solution value proposition, competitive positioning, growth plans, go-to-market plan, current status and investment prospects and these Startups had the it all.

The judges were:

Rahul Khanna, Managing Director, Canaan India

Rahul Chowdhri, Director, Helion

Barath Shankar Subramanian, Accel Partners

Rajinder Balaraman, Associate, Matrix Partners

Anil Joshi, Mumbai Angels

Manish Kumar, Assistant Vice President, KITVEN Funds

Naga Prakasam, Indian Angel Network

Vijaya Kumar Ivaturi, Indian Angel Network

Venkatesh Peddi, Assistant Vice President,IDG Ventures India

Rutvik Doshi, Principal, Inventus (India) Advisors

The venue, NIMHANS Convetion Center brimmed with enthusiasm from both young people and old alike.The event began with the inaugural keynote on Beginning a Successful Entrepreneurial Journey by Ashok Soota, Founder and Executive Chairman, Happiest Minds.

Overall Silicon India's elevanth Startup City Event in Bangalore was a grand success and budding entrepreneurs cannot wait to be a part of its next edition.