Second Business Plan Competition
IIT Roorkee Heritage Foundation Business Plan Competition 2010
Business Plan competition is to foster entrepreneurship among IIT Roorkee alums, and to provide an integrative learning experience for the community. Primary Objective of competition is to provide Roorkee alums a platform for refining ideas. This competition aims at the following:
Refine your ideas
Meet and learn from seasoned entrepreneurs
Build a network of mentors, investors and advisers
Develop your business plan
Present your plan to key members of the regional entrepreneurial and venture capital communities.
**Only businesses requiring seed stage funding would be considered. The competition will accept entries from participant teams with at least one IIT Roorkee Alumni as a member.
Opportunity for Entrepreneurs
1-1 Mentorship session with Executive Committee
Pre-review and guidance and mentoring
Consideration of Angel Investment
Cash Prize for top 3 entries
First Prize: $1,000
Second Prize: $500
Third Prize: $250
Communications/Information Technology (Internet/Software/Mobile)
Judging and Mentoring:
Ajit Gupta, Founder/CEO/Chairman, Speedera Networks, AAyuja, Inc and Aryaka Networks, Inc
Sarvesh Mahesh, Founder, Tavant Systems
Manoj Goel, Co-founder Internet Junction, a Cisco acquisition
Execution Process & Timelines
Submit initial entries to firstname.lastname@example.org by June 30th, 2010
Initial entries should included either a 1-2 page business idea summary document or 4-5 slides on business plan
After initial review of the plan, an executive coach will be assigned for further refinement and plan documentation
Business plans will then be presented to the executive committee who will select top 3 entries for heritage fund competition.
All Decisions made by Executive Committee will be final.