Center for Entrepreneurship

Business Plan Competition 18th November 2017

The Centre for Entrepreneurship held Business plan competition at Institute of Technology on 18th November 2017. Business plan competition was announced in second week of October 2017. Firstly, to create awareness on business plan, center for entrepreneurship held a session for students on “How to prepare Business Model Canvass”. After this session, students were given two weeks of time to submit their business model canvass. We formed jury of two professors from institute of technology, Dr.Paramsivan Vellala and Dr.Mehul R Naik respectively.

All teams were asked to make presentation of their business plan and small report covering business plan details. Each team were given 5 Minutes for presentation and 3 minutes for question & answers from jury and other participants. Total 12 teams made presentation of their business plans in front of jury. These teams were judged on clarity of idea, Uniqueness and feasibility, commercial potential, and team credentials. For each presentation jury gave important feedback on where they can improve and what was lacking. After carefully evaluation of all teams, Jury made their decision. Jury appreciated efforts put in by all participating teams.
They also gave crucial suggestion on how product should be identified, how to decide price of the product and how marketing plays important role in selling of product. Dr. Paramsivan vellala appreciated efforts put in by center for entrepreneurship. Two teams were announced winners of this competition and were given 1st and 2nd prize.