Registrations closed for this event

Introduction

BRAIN-CHILD is an annual Business Plan Competition organized during “Techniche” the techno-management festival of IIT-Guwahati.

It is intended as a platform where youth from across the globe test their business acumen and the future Tatas, Birlas, Ambanis of the country are born. The competition is aimed to transform the raw ideas to its fruition with multiple stages of evaluation and tough competition marking its transition into a successful Business Plan. The participants get a golden chance to learn about the new venture creation process through their team's efforts and their presentations to the judges.

For the very first time in Indian B Plans, BRAIN-CHILD would be having representatives from both a Venture Capitalist as well as a team of investors.

Participation ranges from Indian Institutes of repute like IIMs,IITs,XLRI,MDI,FMS and other engineering colleges.

This process would be aimed towards converting the Business Idea into a Business Plan.

“Having an idea is never enough, you need impeccable research and proper planning to make an idea materialise in real world.”

We will provide the 10 finalists a chance of getting mentored from distinguished mentors from our Mentors Panel .

“ I took the one less travelled by, And that has made all the difference.”

Prize money Rs 34000.

Guidelines

Following are the broad themes for this event and entries have to be submitted under these only:

Social Entrepreneurship

Bio-Business

IT-Software

Retail

Power

Banking/Finance

Clean Energy

Core Sciences

Telecommunication

Biotechnology

Web Portals

Electronics

Manufacturing

Service

Entertainment

Hospitality

HRD

Consultancy

Food Processing

Tourism

Round 1:

In this round participants will be submitting the executive summary of their B-Plan to the following e-mail id: management@techniche.org with subject: Brain Child -

Last date for submission of executive summary is 15th July,2010.

Based upon the executive summary, teams will be short-listed for Round 2.

Panel of judges will be eminent people from the industry and academia. The decision of the judges will be final and binding on all contestants.

The selected teams will be intimated by e-mail/phone by –July 22 ,2010 and their names will be uploaded on Techniche website.

Executive Summary/Abstract Format:

The abstract should be about 1000 words long(excluding annexure and introduction), stating briefly the purpose of the plan, opportunities, financial & marketing plan, etc

The document should be prepared in Times New Roman font sized 12 pt with 1.5 line spacing submitted in pdf format.

The cover page of the abstract should contain name of the team members, college of the team members and contact details. This cover page shall be detached before papers are given for panel evaluation. The name of the author or their institute should not appear anywhere in the body of the paper.

Appearance of the same will lead to disqualification

Round 2:

Detailed Business Plan has to be submitted by the short listed teams.

The entries have to be submitted by e-mail to management@techniche.org with subject: Brain Child - and the same will be acknowledged.

This is an elimination round and in this round 10 teams will be shortlisted for round 3 .

The top 10 teams will be called to IIT Guwahati in Techniche 2010 to present their plans in front of judges.

The selected teams will be intimated by e-mail/phone by first week of August 2010 and their names will be uploaded on Techniche website.

The format of the submissions will be informed to the teams selected in the first round through mail/phone.

Round 3:

The top 10 team selected in round 2 will present their B-Plan in front of the judges in form of a Presentation at Techniche 2010.

A maximum of 20 minutes will be given to each team to present their idea.

The 20 minutes presentation will be followed by a question and answer round of 10 minutes by the judges as well as the audience.

Points will be deducted for exceeding the time limit.

Shortlisted teams will be given intensive mentoring from experts to help them in developing their business plan.

Rules

A Team can be formed from any B-School or IIT or an engineering college.

One team can submit only one entry.

Any team or individual cannot be a part of more than one entry.

Students from the same institute as well as different institutes can form a team.

A Team can consist of a maximum of four students and at least one of them should be bonafide student of some recognized college.

There is no restriction on the number of teams from an institute.

The organizers hold the right to disqualify a team if the idea is already implemented in the market.

The judges, mentors and the organizers will take the utmost care in handling the entries, and will guarantee the utmost confidence. The decision of the judges is final.

The organizers reserve unconditional right to disqualify an entry or cancel the participation of a team for any reason including presentation of inaccurate/incomplete information, plagiarism, late submission, violation of any intellectual property rights, or any other reason.

Judging Criteria

The objective of the semi-final round of judging will be to provide feedback to participants and reduce the pool of contestants to a group of finalists. There will be a different set of judges for the semi-final and final rounds.

Judges are asked to evaluate the plans based upon their potential to become the basis of a viable new venture and will focus on the idea, its potential for social value creation, and the likelihood of achieving that success based upon the team's plan and experience. Judges will look at both the strength of the concept and areas related to execution of the plan, and will evaluate specifically:

Idea/Concept: The concept reflects an innovative approach. The team has a clear understanding of the issue it seeks to address, the economic and social drivers of the model, and the feasibility of the concept.

Social Value Creation: The business model is likely to make a substantial contribution toward the solution of the issue it seeks to address and can be sustained for a period of time consistent with achieving the desired social impact. (If growing the organization is not the preferred strategy, the program is transferable and replicable).

People: The team has (or can get) relevant skills, contacts, and experience. The team is persuasive in communicating the idea and its potential.

Context: The rules of the game (i.e., regulatory, tax, political) are favorable. Market need, size of opportunity, competitive landscape, and potential risks are identified and manageable.

Resources: The financing plan is sensible in terms of the capital required to launch and operate. Funding sources are identified and a plan for securing initial investment is articulated.

Performance Measurement: The plan takes a practicable approach to measuring organizational outcomes and provides a clear plan to deliver high performance.

Prizes and Incentives

Prize money will be declared soon.!!!
But its not yet over ! It gives more !!!

Besides these,
A platform for you to get valuable feedback from our mentoring panel, Venture Capitalists and Industry experts.
A platform to build your network, with the people you really need.
An opportunity to turn your dreams into reality, from your plan on paper to a Business in reality.
Also all participants of the final round will receive a participation certificate from Techniche.

So get ready to catch the opportunity !!!

The Post Competition Mentoring process
A unique mentoring opportunity for the 10 finalists of the Competition

The 10 finalists would be given the option of getting mentored from distinguished mentors from our Mentors Panel. This process would be aimed towards converting the Business Idea into a Business Plan.

Organisers

Navdeep Singh s.navdeep@iitg.ernet.in +91-9957689344/+91-9728378753

Palash Goyal p.goyal@iitg.ernet.in +91-9957888143/+91-9669528432/+91-9004678507