Schumpeter's vision of capitalism emphasized that innovative entry by entrepreneurs was the force that sustained long-term economic growth - a belief which he called "Creative Destruction". The Descendants of Schumpeter is a unique opportunity to for all those who have the fire of entrepreneurship to showcase business ideas and receive feedback from an eminent panel of judges on the viability of the proposed business, and the actions to be taken to strengthen the proposals and implement them.

The Descendants of Schumpeter, the Business Plan Contest of Avenues 08 focuses on fresh ideas to exploit the opportunities in Energy Sector, which is a key sector for ensuring the enviable double digit growth in national income. The sector is one of top most priorities to the country and the discussions on Energy Security have opened a vast window of opportunities to the budding entrepreneurs of the country.