V Guard Industries, the countryâ€™s premier electronic and electrical major, has announced its annual contest - The Big Idea Business Plan contest 2013-Season 3. The contest is aimed at promoting the spirit of innovation and entrepreneurial skills among students from B Schools & B Tech colleges.
The contest requires the students to draw up a comprehensive business plan for V-Guard Industries. A brief stating the intent of the project will be provided to each of the teams. Each team must consist of only three members. The teams have to submit their Big Idea detailing their innovative ideas, strategy, methodology to achieve their goal, covering areas like new product portfolio, new markets, new functional strategies for manufacturing/outsourcing, marketing, HR, supply chain management, customer service, etc.
The Big Idea has to be a well thought out and well researched plan. Both written and oral presentation is to be made to a panel of judges, who will shortlist the finalists during various rounds to finally arrive at the winning idea and team.
The best entry will win a prize of Rs 1, 00,000, the second wins Rs 50,000 and the third wins Rs 25,000. There are also two special jury awards of Rs 10,000 each.
Registrations are open and the last date for registrations is the 7th of August 2013. Registrations are to be made online on the V-Guard website. A nominal registration fee of Rs 1000/- is levied at the time of registration.
Registered teams will receive an online briefing by the 7th of August 2013. Teams will have to submit their Executive Summary online by the 17th of August 2013. The top 20 finalists will be shortlisted based on this Executive Summary and selected team will have to submit their Final Report by 9th of September 2013. The finals will be held on the26th & 27th of September where the finalist will make oral presentations of their Big Ideas before the judges.
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