Attended the startup Saturday in IIMB on March 13th 2010. Got to see a demo from Just Books and Ookull.
Also got to attend a presentation on "5 things that a seed / angel investor is looking for in your venture" by Indus from themorpheus.
The five points are
2) Market size
3) Product and POC
4) Secret sauce (the wow factor)
5) Growth path and exit (from a VC / angel investor perspective)
The applications are open for this year till March 25th 2010.