Business Plan Competition 2009
IIT Roorkee Heritage Foundation Business Plan Competition 2009
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 and business plans for Pan IIT 2009 competition. 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 for selected entries for PAN IIT Competition
Consideration of Angel Investment
Cash Prize for top 2 entries
First Prize: $1,000
Second Prize: $500
To align with Pan IIT 2009 business plan competition, Only following topics will be considered for the competition:
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
Harish Goyal, Founder, TGO Solutions
Manoj Goel, Founder Internet Junction and Senior Business Development Manager at Cisco for Unified Communications and Wireless services
Execution Process & Timelines
Submit initial entries to firstname.lastname@example.org by June 15th, 2009
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 2 entries for heritage fund competition.
Pan IIT 2009 Event
The Final event would be held at the Pan IIT Conference 2009 in Chicago. The winners from round 1 would be required to submit a detailed business plan two months before the finals. These business plans would be reviewed in depth by a panel of judges for Pan IIT business plan competition.
The event would involve a 20 minute presentation for each business plan, followed by 10 minutes for Q & A. At the end of the session, the judges would determine the winner of the completion. The winners would be awarded with the prize money, and be considered for seed funding by the IIT Angel Fund.
Details are available at: http://www.omshare.com/entrepreneurship/paniit-2009-global-conference-business-plan-competition/
All Decisions made by Executive Committee will be final.