INNOVATORS CHESS ACADEMY



An initiative from Sushruta Reddy

Dear Bangalore Chess lovers, 

Of late, if you notice, we are hardly having any FIDE Rating Chess Tournaments in Bangalore. I do not approach Sponsors primarily due to my work Schedule - I work with four Schools in Bangalore. Thus, organising a FIDE Rating Chess Tournament with Entry fee as low as 0.5% of the total Prize Fund is a huge burden to an Organiser especially when the Expenditure involves the following aspects: 

1) Arbiters (this can run almost into Rs 1 lac in Karnataka)
2) AICF fee (10% of the Prize Fund + Rs 15,000) 
3) Tables and Chairs (For five days, it can run into around Rs 50,000) 
4) Trophies (Usually about Rs 50,000)
5) Venue Cost. 
6) Rentals for Chess Sets and Clocks.
7) Rs 100 per Entry to be paid from the Entry Fee to AICF post 150 entries
8) The Prize Fund. 

Statistics show that the average Chess Parent spends about Rs 10,000 for a FIDE Rating Chess Tournament. This is exclusive of the Entry Fee paid for the Tournament. 

If the Bangalore Chess fraternity comes together, we can have regular FIDE Rating Tournaments conducted in our City itself. Thus, I come to you with a proposal. 

I propose a Crowd funded FIDE Rating Event. This will be called the Bangalore Open. (We have already conducted two Editions in the past). Each Parent/Player donates/pays us Rs 5,000/-. This amount will also include their Entry fee for the Tournament. Once we touch 40 such Parents/Players, I will go ahead and announce a FIDE Rating Chess Tournament in the vacations. Currently, we will aim to organise an Event during the Summer Vacations after April 18 and before the end of May. The Venue would be Silicon City Academy of Secondary Education, Konanakunte, Bangalore. 

The Deadline towards receiving the Crowd Funding amount is December 31. I will have to ensure the dates are booked and people should also able to book their train tickets in advance. 

My initiative is to gather the Chess fraternity together and presently, the only way to bring in FIDE Rating Chess Tournaments in Bangalore is by means of a Crowd funding initiative. Do you wish to spend 10,000+ by going outside Bangalore for a FIDE Rating Chess Tournament or do you wish to be part of this Crowd funding initiative and help our Bangalore Chess Fraternity with its own FIDE Rating Chess Tournaments?  

If you wish to bring in a FIDE Rating Chess Tournament to Bangalore during the upcoming Summer Vacations, you may be part of the Crowd funding initiative by donating/paying Rs 5,000 to the account mentioned below (Look below Submission of Entries). Please send in an email at sushruthareddy@gmail.com after you have done the transfer. Please title the email as Bangalore Chess Fraternity Crowd Funding Initiative.

The Tournament will be a five day Open Classical Event with a Prize Fund of Rs 3 lacs. 

If this clicks, we should have at least two FIDE Rating Tournaments in Bangalore - both during vacations.

Updated on 27th November 2018

What if the Event generates profits? Shouldn't it be shared among the Parents/Players who enlisted for the initiative? 

The whole objective of this initiative is to provide a steady stream line of Classical FIDE Rating Chess Tournaments to talents in Bangalore. At the same time, I am of the strong belief that people who are part of this initiative should be benefited. Thus, if we make a profit, we will immediately announce our next Event in the next upcoming vacations. People who were part of the initiative will get a direct free entry for our next Event. Subsequently, the amount to be raised for the next Event will get lesser.  

The profits should be utilised such that the young talents are benefited with regular FIDE Rating Tournaments being Organised. This is our objective. Our target should be to receive 350+ entries. 

It is important to know that no FIDE Rating Chess Tournaments in Karnataka will clash any State Chess Championship (age category or Open). 

Please take this survey - it helps us understand if we have the seed fund for the FIDE Rating Chess Tournaments.


Please share this across the Bangalore Chess fraternity. 


56th ICA Akshayakalpa Monthly Chess Tournament

The 56th Edition of the ICA Monthly Chess Tournaments will be conducted on 23rd December 2018 at Silicon City Academy of Secondary Education. Click here to download the prospectus. Visit www.paychessentry.com to register. 

Submission of Entries

For submitting entries for all ICA Chess Tournaments, you may visit either of our Training Centres by contacting the relevant Coach.  

For online transfer of the entry, please refer the details below:

Sushruta Reddy
HDFC Bank
A/c # 04461930000881
Gandhi bazaar Branch,
Savings account. 
IFSC Code: HDFC0000446
Sushruta Reddy
HDFC Bank
A/c # 04461930000881
Gandhi bazaar Branch,
Savings account. 
IFSC Code: HDFC0000446
Sushruta Reddy HDFC Bank A/c # 04461930000881 Gandhi bazaar Branch, Savings account. IFSC Code: HDFC0000446

After completing the online transfer, please send an email to sushruthareddy@gmail.com with the online transfer reference number, Name and Date of Birth of the participant and the category he/she wishes to take part in.
Directions to the Monthly Tournament Venue

SILICON CITY ACADEMY
(Affiliated to CBSE – Delhi) 
No. CBSE /AFF-830133 / 525658 – 662. Dated – 13.02.06 
Kumar Nursery,
New Bank Colony,
Off Kanakapura Road
Konanakunte,
Bangalore – 560 062
SILICON CITY ACADEMY
(Affiliated to CBSE – Delhi) 
No. CBSE /AFF-830133 / 525658 – 662. Dated – 13.02.06 
Kumar Nursery,
New Bank Colony,
Off Kanakapura Road
Konanakunte,
Bangalore – 560 062
SILICON CITY ACADEMY
Kumar Nursery,
New Bank Colony,
Off Kanakapura Road
Konanakunte,
Bangalore – 560 062 

Silicon City Academy of Secondary Education is located around 15 Kms from Majestic Bus Stop/ Bangalore City Railway Station.   From these places Bus No. 215 J, 215 U, 215 N can be boarded from Platform No. 12 ( Bus Station ).  Name of the bus stop to get down is Soudhamini Bus Stop.  School is located just 100 mtrs. from Soudhamini Bus stop.


Other Directions to the venue: From Brigade Millenium (J.P.Nagar), Drive 1 km towards Chunchgatta Main Road. Turn left onto Chunchgatta Main Road and drive 1 km and you will find the Venue.


From Banashankari Metro Station: Head South 2.4 km on Kanakapura Road towards Subramanya Pura Main Road. Turn Left onto Chunchgatta Main Road. Drive 1.7 km and you will find the venue.


  
Silicon City Academy of Secondary Education is located around 15 Kms from Majestic Bus Stop/ Bangalore City Railway Station.   From these places Bus No. 215 J, 215 U, 215 N can be boarded from Platform No. 12
( Bus Station ).  Name of the bus stop to get down is Soudhamini Bus Stop.  School is located just 100 mtrs. from Soudhamini Bus stop.
Other Directions to the venue: From Brigade Millenium (J.P.Nagar), Drive 1 km towards Chunchgatta Main Road. Turn left onto Chunchgatta Main Road and drive 1 km and you will find the Venue.
From Banashankari Metro Station: Head South 2.4 km on Kanakapura Road towards Subramanya Pura Main Road. Turn Left onto Chunchgatta Main Road. Drive 1.7 km and you will find the venue.
Silicon City Academy of Secondary Education is located around 15 Kms from Majestic Bus Stop/ Bangalore City Railway Station.   From these places Bus No. 215 J, 215 U, 215 N can be boarded from Platform No. 12
( Bus Station ).  Name of the bus stop to get down is Soudhamini Bus Stop.  School is located just 100 mtrs. from Soudhamini Bus stop.
Other Directions to the venue: From Brigade Millenium (J.P.Nagar), Drive 1 km towards Chunchgatta Main Road. Turn left onto Chunchgatta Main Road and drive 1 km and you will find the Venue.
From Banashankari Metro Station: Head South 2.4 km on Kanakapura Road towards Subramanya Pura Main Road. Turn Left onto Chunchgatta Main Road. Drive 1.7 km and you will find the venue.
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