15th April, 2008
The Winners are :- (Name of Team and team leaders are given)
1. 'Subah' - Ashish Saxena, Chirag and Abhinav - from College of Agribusiness Managament, Pantnagar
2. 'Orthograft' - Tapendu Mandal and Prem Prakash - from IIT Kanpur
3. 'F Active Solutions' - Puneet Singh Jaggi - from IIT Roorkee
Special Recognition- Team 'Phokat Copy' - Harsh Narang from IIT Delhi and Vatsala Deora from UTS Sydney, Australia
Offer of Mentoring- Team 'Kickshaw' - Dr.Cijo K Joseph and Dr.Princy Agnes John - from IRMA, Anand, Gujarat
The Shortlisted Teams are :-
We are announcing a list of 30 shortlisted B Plans. The top 8 teams will be presenting their B Plans directly on 13th April in IIT Roorkee. They will be paired up with mentors very soon, the details of which will be mailed to you. The rest of the B Plans in the top 30 will be given an opportunity to take part in the Elevator Pitch on 12th April in IIT Roorkee. Any number of B Plans can be selected in the Elevator Pitch. The selected B Plans will get a wild card entry on 13th April Final Presentation along with the top 8 B Plans.
The B Plan teams in the top 30 (apart from the top 8) may also be paired up with a mentor depending upon the selection of their B Plan by the Mentor Panel.
The successful teams will be mailed about the next phase personally.
The TOP 8 B Plan Teams are :- (Name of Team and team leaders are given)
1. Diadem- Dr. Cijo K Joseph ( IRMA, Anand, Gujrat)
2. F Active Solutions- Puneet Singh Jaggi (IIT Roorkee)
3. 44U- Avishek Banerjee ( IIM Banglore)
4. Advaita- Nivedita Kanakkoor ( SPJIMR, Mumbai)
5. Orthograft- Tapendu Mandal (IIT Kanpur)
6. TeeGene- Rahul Yadav ( IIT Roorkee)
7. The Catalysts- Varuni Saxena (JSS Noida)
8. Peace Club- Sidharth Gupta (IIM Banglore)
The Rest of the B Plans in top 30 :-
1. MediWorld- Nukul Upadhaye (BITS Pilani)
2. Phokat Copy- Harsh Narang (IIT Delhi)
3.Nirvana Environmental Consultancy- Prateek Bansal (University College of Engineering, Kota)
4. Subah- Ashish Saxena (G.B.P.U.A & T- Pantnagar)
5. Countryside Excursion- Sankalp Patnaik (BITS Pilani)
6. Sucrose- Rachit Agarwal (IIT Kharagpur)
7. Engagement- Altamash Vakil
8. Edusense- Himanshu Srivastava ( Kotak Mahindra Bank)
9. ARX- Chirayu Batra ( IIT Roorkee)
10. GREEN- Ashiwani Kumar Singh (NIT Durgapur)
11. Interviewstreet.com- R.Vivek( NIT, Trichy)
12. Mom's Restrail- Vikash Agarwal (GBPUA&T, Pantnagar)
13. The Idiots- M.V Deepak (IIM Calcutta)
14. R & B- Parikshit Bhandiwad (IT BHU)
15. Srijan- Prateek Mathur (FMS Delhi)
16. Flexi Filter- Satadru Chakraborty (VIT- Vellore)
17. Nature's Bounty- B. Sundar (IIM Indore)
18. Park Zone- Sriram D.S (NIT Jalandhar)
19. E- Venture -Varun Aggarwal( Thapar University, Patiala)
20. Incubators- Hemant Mittal (ICFAI Business School, Gurgaon)
21. Rendezvous- Ajay Singh Bhati (MDI, Gurgaon)
22. Nanostrategists- Priyanka Bhattacharya (IIT Roorkee)
Isis is the feminine archetype of creation- the goddess of motherhood. She has gone by many names and played many roles in history and mythology- as goddess and female creature. It is manifestly impossible to limit the attributes of Isis, for she united in herself one or more attributes of all the goddess of Egypt known to us. However, she most promptly represents creation, intuition, psyelric abilities, and is hailed as Mother Nurturer.
The ever changing times have changed the psyche of the generation of youth as well, as entrepreneurship has become the path, opening the doorways to the treasure of Pluto. The god of wealth has opened newer avenues and B-plans have emerged as a tool to carve a niche for yourself in this “raging revolution”. Entrepreneurship Development Cell (EDC), Science and Technology Entrepreneurship Park (STEP), IIT Roorkee endeavors to spread this spirit and bring together the best and most innovative brains who share our panorama of the future for the ultimate B-Plan contest. If you have the guts to risk, mind to think and will to start up, prove your mettle, for in the lands of Pluto, opportunities and challenges galore .
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Opportunity to get seed-fund upto USD 1 million |
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Prizes worth INR 2,00,000 at stake |
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Get mentored by experts in the field |
Teams are required to submit the executive summary of their plan according to the fields specified. More sections relevant to the business can be introduced than mentioned. The entries would be screened by a panel of judges and the best 10 would be selected for the next round.
The selected teams would be paired up with Mentors to help and guide them in the further development of their Business Plans. Teams requiring assistance in specific technical fields will be helped accordingly by our faculty panel.
The teams will have to submit the final B-Plans on 10th April 2008. They will then be required to come to IIT Roorkee and make a detailed presentation of the B-Plan in front of a panel of judges comprising established entrepreneurs , VC’s , mentors, incubators and experts from the relevant fields. Followed by a questionnaire from the judges panel.
• Contestants should be the intellectual owners of the idea or have written declaration of consent of the legal owner to exploit the idea.
• There is no registration or entry fees.
• No restriction on the team composition. You can have as many team-mates as you want.
• The contestants can be students pursuing studies in any recognized university or corporate employees as well.
• Contestants are allowed to submit more than one plan.
• Contestants can take part in other B-Plan contests.
• Teams with registered company start up are not eligible.
• Entries submitted after deadline won’t be considered. Requests for revaluation or extension of deadlines won’t be entertained.
• EDC ensures the contestants of utmost confidentiality of B-Plan .
• All communication will be directed to the team leaders.
• All conflicts are subjects to jurisdiction STEP,IITR.
The Executive Summary must contain
1. Name of the team
2. Team members – name, email address and phone no.
3. Institute / company name
4. Team leaders e -mail address, postal address and phone no, name
The executive summary must not contain the identity of contestants anywhere else in the document.
Please provide the following details in NO more than 5 pages
Brief business description
No more than one paragraph to describe your business and the business opportunity. If it takes more than a paragraph to describe your business, perhaps you need to revisit the drawing board. The simpler the message, the quicker you will draw investor attention.
Product/Technology Overview
Highlight the uniqueness of the technology and application, its features (not technical details of the solution).
Who is your customer. What is the issue/pain point that your product/solution will address
This section will reflect the clarity of your thinking about your business opportunity. Be precise and succinct.
What is the value proposition
Why would consumers choose this over others? Remember to articulate the key differentiators in customer benefits, not an internal perspective on product superiority.
What is the size of the market opportunity
Investors like big ideas with big markets. Be clear about who and where is going to buy your product/service and how much they would pay for it. Please size the addressable market for your business, and outline key qualitative trends in the marketplace that either increase or decrease the relevance of your solution.
Business model / financial model
This is about how you will make money from this business opportunity. The business model is important, not an excel sheet with 5 year detailed projections. Please remember, a 3/5-year excel sheet projection is at best an educated guess. More than specific details, the financial model should reflect the aspiration of the team.'Include a 3-5 year view of how large this business can become realistically.
Sales and Marketing model
How are you going to market and sell your products/services. What capability does the team have and plans to build to take the offerings to the market. What partnerships are critical to your business. What is the current status of customer and partner pipeline.
Team
This section should answer the question ‘Why is this team/entrepreneur best suited to implement this business opportunity’. Keep it simple. Include educational qualifications and work experience.
Competitive landscape
Who are you currently or in future likely to compete against and what is your plan to win this battle? Remember that competition is not just those providing a similar solution to yours, but all those addressing the same customer need through variety of approaches.
Risk factors to execution
What are the market risks, financial risks, business model risks, execution risks, etc. that may hamper your plans?
Funding objective and use of funds
Describe how much money you want to raise and what you intend doing with these funds.
Internet offers a plethora of resources. A few recommended sites are:
1. www.1000ventures.com
2. www.bplans.com
3. www.redherring.com
4. www.entrepreneur.com
