StartupAvenues

IIT Delhi as part of its annual festival is organising a business plan competition in Technopreneurship named as “Tryst 2007.

The details of business plan as given on IITD website are as follows :

BUSINESS FOCUS
The business/venture should focus on product development based on technological innovation or a novel application of developed/well researched technology. Social Impact of such technology is also an area that could be explored by the participants.
In brief if you are a techie with a business plan, don’t miss this chance.

Learn about various technological start-ups at IIT, Delhi.

RULES
# Each Team can have a maximum of 3 members
# One member of each team must be a student
# Team members can be from different departments, streams and level of study
# One person can be part of at most one team
# Each team can submit any number of proposals
# The proposed business plan should not be in violation of any intellectual property rights

DEADLINES
# Submission of Executive Summary : 7th February, 2007.
# Shortlist of Semi-Finalists : 10th February, 2007
# Submission of business plan : 17th February, 2007
# Final Presentations : 23rd-25th February, 2007 (Exact details to be specified later)

GUIDELINES
The cover page should contain the name of all team numbers along with their email-ids and contact numbers.

* Executive Summaries
o Maximum two pages excluding the cover page
o Font details: Times New Roman, Size 12
o Single Line spacing
* Executive Summary includes
o Description of the Business Concept and the Business
o The Opportunity and Strategy
o The Target Market and Projections
o The Competitive Advantages
o Costs
o The Economics, Profitability and Harvest Potential
o The Team
o The Offering
o Your mission/vision/objectives
* Final Business Plan
o Plans must be limited to 20 pages of text
o Font details : Times New Roman, Size 12
o Single Line Spacing and 1” margins on all sides)
o Graphs and Sheets attached as appendix must be limited to a max of 5 pages. In total any business plan must be restricted to 25 pages with plan restricted to maximum of 20 pages.
o Recommended Format for the Business Plan. Download here.
* All submissions must be in doc or pdf format and should be mailed to bplan@tryst07.com

JUDGING CRITERIA
Judges will be asked to evaluate the plans based upon their likelihood of actually becoming the basis of a viable business; or, in the case of an entrepreneurial venture, the likelihood of making a meaningful contribution to the existing business.

This consideration, will include factors such as
# The degree of creativity and innovation embodied in the basic opportunity definition and business concept
# The appropriateness of the strategy for exploiting the opportunity
# The reasonableness of the plan for financing the business
# The team’s ability to actually implement the plan.

Note that while the contest is referred to as a “Business Plan Contest,” it is really about the commercial merit of the proposed new venture. The judges evaluate the plans not as documents per se, but as visions for a potential new venture and, as such, focus on the idea, its potential for economic success and the likelihood of achieving that success based upon the team’s plan and experience. Naturally, the more concrete the plan – all else being equal – the better.

Shortlisting of teams would be on the basis of their executive summary.

PRIZES
The top three business plans as judged by the judging committee will be awarded cash prizes.

Whether you go on to implement your business plan or not, your experience will be an exciting, challenging, and rewarding one. We look forward to reading your business plans and hope that this contest will play a part in the success of any entrepreneurial venture you may be involved with during your career”