National Business Plan competition 2024

ALL LOGO AS GIVEN IN STARTUP CONCLAVE BROCHURE
PRESENTS
MET SRUJAN 2024
National Level Business Plan Competition

Date: 20 FEBRUARY 2024
Time 9.30 AM TO 5 PM

General Rules:
1. Business plan competition will be held offline at the campus for Mumbai participants and online for outside Mumbai participants (Participants have choice to travel to Mumbai) on 20th February 2024. Reporting time at MET PGDM Campus is 9.00 am

2. Participants need to register as an Individual or team via Google form https://forms.gle/abwYAVx3qbFJVMDe8 consisting of a maximum of 5 and a minimum of 2 members.

3. After filling registration form participants will receive confirmation mail to submit Abstract of the business plan.

4. Your abstract will be reviewed by our screening team for plagiarism and originality of the idea.

5. You will be updated about the status of your abstract submission via email.

Timeline :

1. Submission of intent to compete via Google form: 1ST February 2024 by 5.00 pm
2. Registration Link : https://forms.gle/abwYAVx3qbFJVMDe8
3. Abstract submission on harshadam_pgdm@met.edu : 10th February 2024 by 5.00 pm
4. Selected Business Plan Business Plans to: harshadam_pgdm@met.edu : 15th February 2024 by 5.00 pm
5. The Big Day – The Final Competition Event. Finalists present their Investor Pitches in front of a panel of judges and a live audience: 20th February 2024

Evaluation Criteria
1. Content of the plan, including the thoroughness and quality of the analysis
2. Effective use and impact of the prize money
3. Effective use of business information and research
4. Clear communication
5. The probability of a successful launch
6. Community Impact and job creation potential
7. Quality and effectiveness of the final presentation (in the event the applicant becomes a finalist and is invited to present)

Eligibility
Students pursuing graduation from any recognized degree/ diploma institutions in India

Business Plan Format

Business Plans are to be submitted as a single, printable PDF file. Plans are limited to seven pages including a one-page executive summary (but not including a cover page and single table of contents page).
However, the written plan may include up to six additional pages of appendices.

Page format is one line spacing with one-inch margins all around and 12 point times new roman font. This line spacing and font requirement applies to the textual content of the document and not to titles and descriptions accompanying pictures, graphs, tables or worksheets. All pages must be numbered excluding the cover page.

The cover page must include the venture name, team members, and logo if available.

Financial data should be summarized and highlighted in the written plan, with supporting details and spreadsheet information in the Appendix. Startup costs, how investment will be used, along with income and cash flow statements are appropriate.

Components of the Business Plan
Cover Page
Executive Summary
Business Overview/Description
Competitive Analysis and Advantages
Market Opportunity
Product Description and/or Services
The Market – Market analysis
Organization and Management Team
Financial Analysis and Funding Request

Executive Summary Includes
Business description concept – what customer pain are you solving. Value Proposition
Business Model
Target market and need
Competitive advantages
Financial summary – include breakeven point, and over a 3 year period revenue trend, and gross margin
Funding requirements: what do you need?

Business Overview Includes
Company description and business model
Value proposition-financial
Value proposition—social or environmental
Vision
Current Status
Current or committed funding and all funding sources

Market Opportunity
Describe and define the problem
What is the Customer’s Pain that you are going to solve?
How are you going to solve it?
Competitive Analysis (analysis of the current competition and assessment of why the problem is not being solved by competitors)


Management Team
Founders and key management
Industry experience; Educational backgrounds
Board of advisors (critical to the assessment of the overall viability; can develop the team's experience if needed)
Optional: Board of directors (3 required by law, usually not until first round of institutional funding is in place)

Financial Analysis
Include an analysis of your financials that includes a breakeven point, and a spreadsheet that covers a three-year period.
Gross margins over a three-year period
Revenue over three years
Cash Flow over three years
Profit

Reason for the investment
Explain how you will use the funding to support/start this business venture and sustain it beyond the initial funding.


Submission

1. Written Business Plans will be forwarded to a panel of judges for review prior to competition
2. Six Finalists will be selected and announced in February, 2020
3. The finalists will prepare a five-minute pitch for the Investor Pitch Competition to be presented in from of the judges and a live audience

The Final Competition Activities: 20th February 2024
1. Registration: 8.30 am
2. Start- up Panel discussion: 9.30 -1.00 pm
3. Business Plan /Pitch Competition: 2.00 pm-5.00 pm

Attractive prizes and certificates to the winners
Registration Link
https://forms.gle/abwYAVx3qbFJVMDe8
CTA: Dr. Harshada Mulay
9820167715

BUSINESS PLAN COMPETITION

Bhujbal Knowledge City, Reclamation, Bandra West, Mumbai, Maharashtra 400050