Sep 11, 2008

iDeas – The international business plan competition.



iDeas – The international business plan competition.

Stalwarts from IITs, IIMs, XLRI, Stanford, Purdue, National University Singapore to name a few, more than 400 teams vying for the one coveted spot ,industry representatives sharing the wealth of their experience, cash prizes exceeding 3 lakhs up for grabs! A heady mix of all this and much more makes up iDeas – the international business plan competition. The motivating factor behind the event is the belief that entrepreneurship is something that cannot be inculcated through formal education or training, it’s something that is driven by the passion to succeed and the mental ability to risk it all for the sake of a belief. The future belongs to the entrepreneurs and iDeas was conceptualized with a view to foster that very entrepreneurial streak in students, and it has come a long way to become the single largest platform for budding entrepreneurs to test their mettle against the best in the country.

The event takes place in three phases, wherein firstly the executive summary is submitted by the teams, following which they are screened and mentors assigned to the selected teams. After fine tuning of the business plan with the help of the mentors the final Business plan presentation is done and the winner team is declared. The rigorous screening at every level ensures that only the best of the best get to the topmost level and the combined team effort cumulates into a final thrilling presentation session to finally decide upon the one idea that will be turned into a real business venture.

This year the event was kick started with the Launching ceremony held on the 7th of September. The guest speakers for the occasion were Rohit Nalwade - CEO and co-founder of Consumer Vision
Technologies Pvt Ltd, Bhavin Turakhia - CEO and chairman of Directi and Shashank Dixit - founder of DeskEra, Inc., and co-founder and CEO of Krawler Networks.

The signature energy and zeal of a successful entrepreneur was evident in their interaction with the audience.The one on one interaction with people who actually had the will in them to go out in the field and play hard was an enriching experience for the jam packed hall. Other than renouncing the commonly held belief that entrepreneurship is all about making money, the speakers elucidated the qualities required to be successful in one. The budding entrepreneurs were treated to a generous helping of real life experiences and stories of the speakers.

The event is truly a melting pot of ideas - ideas that are encouraged and nurtured by industry bigwigs, ideas that are simple yet are nothing short of pure genius, ideas that exemplify the out of the box thinking process and most importantly Ideas that have the potential to make it big. The stage is set – let the onslaught of ideas begin!

Anamika Tiwari
MBA Class of 2010
IIT Kanpur, India.