About the Business Plan Competition
The Business Plan Competition was initiated by the Pillai Centre of Innovation and Entrepreneurship in the year 2015 as a platform for budding student entrepreneurs to come together and build a successful business from scratch. A grand prize of Rs. 1 lakh has been awarded to the winner of the competition since its inception in 2015. We are proud of the fact that many of the companies that have taken part in our competition have gone on to become highly successful businesses.
Objectives of the Competition
- To foster an entrepreneurial culture and environment in the Pillai Campuses.
- To provide a platform for generating ideas, and pursue them from ideation to fruition.
- To impart training to students who are interested in pursuing entrepreneurship as a career opportunity.
- To arrange networking opportunities with important stakeholders (mentors, investors and advisers) in the entrepreneurial ecosystem.
- To nurture and mentor startups to set up successful businesses.
Learnings through participation in the Business Plan Competition
- Identify problems that can become business opportunities.
- Conduct market research to study business feasibility.
- Attend legal and accounting workshops and learn the frameworks and structures of businesses.
- Develop communication and presentation skills.
- Create Prototypes and apps.
- Develop business models and write formal business plans.
- Receive mentorships for fostering business from ideation to fruition.
- Learn to work in teams.
- Free usage of facilities in the Campus (Maker studios/co-working spaces/component libraries/laboratories).