The B-plan competition with a difference

Eureka! It is not just another B-Plan competition. It’s about transcending limits, rising above the mire of mediocrity and holding court for excellence. Eureka! Epitomizes the urge to reach for the highest summits, to challenge the boundaries within . . . it is about Rising, if you can. 

Entrepreneurship is an important facet of industrial growth and development of a country. It is the backbone of a nation that sets its eyes on maximizing its performance in every field. The spirit of entrepreneurship brings about enthusiasm, persistence and ability to seek entrepreneurial opportunities that lead to success. The new competitive landscape has led to the emergence of 'Young Entrepreneurs' in a big way, with the myth that entrepreneurs are only born, gradually fading away.

The theme of this year’s Eureka would be Sustainable Development which is in sync with the theme of Innova10.

 

Rules for the event:

  • Maximum of 4 participants per team
  • The criteria for short-listing shall include feasibility of idea and plan economics, the format, accuracy and relevance of the supporting data, its analysis and the logic used. Innovativeness and uniqueness shall be given more weight in case of any clash.
  • The organisers reserve unconditional right to disqualify an entry or cancel the participation of a team for any reason including presentation of inaccurate/incomplete information, plagiarism, late submission, violation of any intellectual property rights, or any other reason
  • Any team or individual cannot be a part of more than one entry. Each entry involving any such duplication is liable for disqualification.

 

For registration:

Executive summary/ Abstract of  B-PLAN should be sent by email.
Acknowledgement of receipt of soft copies of entries would be sent within 24 hours of receipt of papers.

The contest is to be held in two rounds:

Round 1:

  • In this round participants will be submitting the abstract of their B-Plan by email.
  • Last date for submission of abstract is 15 February, 2008
  • Based upon the abstract, 20 teams in all will be selected for
  • The selected teams will be intimated by e-mail by 17 February, 2010.

Round 2:

Phase 1:

  • The teams will be given 5 minutes each to talk about their BPLAN before the judges.  
    No presentations will be allowed. Panel of judges will be eminent people from the industry.

Phase 2:

  • The teams will present their B-Plan in front of the judges in form of a Microsoft PowerPoint Presentation. A maximum of 20 minutes will be given to each team to present their idea.
  • The 20 minutes presentation will be followed by a question and answer round of 5 minutes by the judges as well as the audience
  • Points will be deducted for exceeding the time limit
  • The teams will be awarded their prizes at the event

Executive Summary/Abstract Format:

  • The abstract should be about 800 words long(excluding annexure), stating briefly the purpose of the plan, opportunities, financial & marketing plan, etc
  • The document should be prepared in Times New Roman font sized 12 pt with 1.5 line spacing submitted in pdf format
  • The cover page of the abstract should contain name of the team members, college of the team members and contact details. This cover page shall be detached before papers are given for panel evaluation. The name of the author or their institute should not appear anywhere in the body of the paper. Appearance of the same will lead to disqualification
  • There should be no images in the abstract

 

Judging criteria:

Category

Description

Desired
Business Opportunity Identify the loopholes in the system. Find out the narrow line you would walk on. Piques interest, fascinating, high growth and realistic
Product or Service Describe the product/service. Complete product or service (i.e. prototype complete and approved by applicable agencies)
Competitive Advantage Analysis of existing competitors, strengths and weakness and how your product has an edge over other products Patented product or service, first to enter market, lower cost structure
Customer Value Is the product a necessity or a luxury? How will it benefit the consumer High customer value, market survey conducted, first customers listed
Customer Segment What is the profile of the target consumer? What are his demands and how does your product address them Clear, defined target group
Market Size How big is the size of the market targeted by your product Large or expanding market
Competition Give an assessment of the competition you expect to face No established competitors or industry leaders
Marketing Cover your Marketing strategies and future advertising plans All 4 P.s covered excellently(Product, Price, Placement and Promotion). Very convincing and promising marketing strategy (high market penetration can be expected)
Implementation Plan Give a time frame in which your plan will become operational Highly realistic and thorough planning
Financial Outlook An estimate of the funding required and expected returns Planning and expected return based on realistic assumptions and return is highly attractive
Business Plan on the whole   On the whole, highly attractive and persuasive in all main aspects. A business concept with great potential, clear prospects for success, and an inspiring presentation

 

PRIZES AND AWARDS:

  • Following are the prizes to be awarded

    • Winner
    • First Runner up
    • Second Runner up

          Prizes worth INR 40,000 to be won.

  • Participation certificates would be awarded to all the scholars who have registered.

 

Good Luck to Everyone!!!

 

Event Heads:-

Aditya Menon Neha Gupta Priyanka Madan
9990941026 9999501839 9958316669

 

For Queries :-
eureka@innovafest.com

Innova '10-The Technical Exposition..........."Saving World Through Innovation" .....presented by..... Delhi Technological University (formerly Delhi College Of Engineering) In association with Society for Automotive Engineers (SAE) & Society For Expermental Mechanics(SEM)......................................