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Ventura

 

Ventura the national business plan contest of Pragyan is a place for all those who shirk from taking beaten paths and believe in leaving trails in all walks of life. This event aims at being the breeding house of successful entrepreneurs by bringing out the latent potential of young students. Not only do we show you the doors of opportunity but we also equip you to walk through it. So for all the people who like to think unconventionally, Ventura is the place to be this Pragyan.

 

Registrations for the event are closed. Results of first round have been announced. Scroll down to the bottom of this page to see results.

 

Prizes

 

• Prize money worth Rs.80,000 up for the grabs.
• Innovation Fund of upto Rs.15 lakhs, Mentorship and Logistic support for the technologically innovative Business plans. *
  (from DSIR - Department of Science and Industrial Research, Govt. of India)
• Incubation Fund of upto Rs.25 lakhs, Mentorship, Incubation and Logistic support for the competitive Science and technology-related business plans. **
  (from TRECSTEP - Tiruchirappalli Regional Engineering College Science and Technology Entrepreneurs Park)

 

Rules and Regulations

 

There has been some change in rules. Kindly go through the same attentively.

 

1. There is no limit on the number of members per team. If a team is selected for the final round, then a maximum of 3 members may present their plan in front of the judging panel. However, all team members may be present for the question-answer session with the judges.

2. The decision of the judges in both the rounds will be final and binding.

3. Participants will have to go through a preliminary round before the final round of Ventura, which will be held during Pragyan ’08. Ventura '08 consists of the following rounds:  

 

• Preliminary Round (Online Submission)

  For the preliminary round, all participating teams will have to submit an Executive Summary of their business idea. The executive summary should contain all the information pertaining to the business. The following points must be dealt with to make the plan look impressive and clearly chalked out:

  • The business idea
  • Analysis of the current market
  • Competitive Analysis
  • Identification of opportunity
  • Technical feasibility
  • Economic feasibility
  • Potential market size and share
  • Sustainable competitive advantage
  • Strength of current team
  • Marketing strategy
  • Financial Strategy
  • Employment Strategy
  • Administrative Strategy
  • Alternative strategies
  • Revenue and growth potential
  • SWOT analysis

  The above mentioned points will be the judging criterion for short listing of teams for the final round of Ventura.

  All entries should be mailed to

   

• Final Round (to be held at the NITT Campus)

  The finalists for Ventura will have to submit their final business plan 4 days prior to the event. For the final round, teams will have to make a presentation (PowerPoint or Flash) of their business plan before an eminent panel of judges. During evaluation, judges generally measure the above mentioned points in terms of three basic requirements of a good business plan :

  • Innovation and Market impact
  • Proper execution of strategies
  • Potential financial returns

   

  The time limit for the presentation will be 15 minutes and it will be followed by a question & answer session with the judges.

  Keep checking this page for more updates. All changes will be marked in red.
  

 

Evaluation Criterion for Final Business Plan

 

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)
Management	Give a detailed account of the management team of your company	Team covers all major areas with notable experience and/or abilities and has a high profile person for the company
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
Risk and Risk Management	Contingency measures to deal with any crisis situation	Outstanding presentation of opportunities and risk and their effects. Innovative and effective countermeasures
Exit Strategy	A back gate exit causing minimum losses to all	A clear blueprint in case of failure of the business plan to ensure that any losses incurred in investment are recouped
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

 

Important Dates

 

    Preliminary round (online submission)

1. Last date for submission of an Executive Summary of the business plan (online submission) : 2300 hrs on 15th February 2008.
2. Declaration of teams selected for finals : 19th February 2008.

 

         All entries should be mailed to

   

    Final round (to be held at the NITT Campus during Pragyan'08)

1. Last date for confirming participation in the final round : 2300 hrs on 22nd February 2008.
2. Final presentation of the B-plan to be held in the NIT, Trichy campus during Pragyan : Saturday, 1st March 2008.

 

 

SHORTLISTS:

The teams that have been shortlisted for the final round of VENTURA 08 are:

1) KRISHAK, TAPAS KUILA, IIT KGP

2) DOCTOR 24x7, SMRITIRANJAN, MKCG MEDICAL COLLEGE

3) GaAs, GAURAV, VNIT NAGPUR

4) JOBAFFAIR.COM, VIVEK.R, NIT-TRICHY

5) SHANTHA IRON, S.KUMAR, PSG TECH

6) CEREBRATIONS UNIFIED, KARTIK MAHADEVAN, MANIT- BHOPAL

7) GROUND VISION, SANTOSH, SKCET

The waitlist is as follows:

1) JATROPHA BIO-FUEL, SAHIL CHALANA, BITS PILANI

2)  MICRON CONTROL, MANU MOHAN, COE TRIVANDRUM

3) YOURBESTOPTION.COM, MATHEWS JOSE, NIT-TRICHY

4) YNOTOURICS, ARVIND, SASTRA

ALL THE SEVEN SELECTED TEAMS ARE REQUESTED TO CALL UP THE EVENT ORGANISERS AND CONFIRM THEIR PARTICIPATION. THE LAST DAY FOR CONFIRMATION IS 22nd FEBRUARY AT 1800 HRS. THE FINAL CONSOLIDATED LIST WILL BE PUT UP ON 22nd FEBRUARY.

 

FINAL CONFIRMED PARTICIPANTS

1) KRISHAK, TAPAS KUILA, IIT KGP

2) DOCTOR 24x7, SMRITIRANJAN, MKCG MEDICAL COLLEGE

3) GaAs, GAURAV, VNIT NAGPUR

4) JOBAFFAIR.COM, VIVEK.R, NIT-TRICHY

5) SHANTHA IRON, S.KUMAR, PSG TECH

6) CEREBRATIONS UNIFIED, KARTIK MAHADEVAN, MANIT- BHOPAL

7) GROUND VISION, SANTOSH, SKCET

 

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