ecell-iitkgp.org IBMC International Business Model Competition 2015 : IIT Kharagpur Entrepreneurship Cell

Organization : IIT Kharagpur Entrepreneurship Cell
Competition Name : IBMC International Business Model Competition 2015

IBMC International Business Model Competition 2015:

Empresario is the annual business model competition organized by Entrepreneurship Cell, IIT Kharagpur in association with International Business Model Competition (IBMC).

Update :
IIT Kharagpur Global Business Model Competition 2017 : www.contest.net.in/23987.html

Entrepreneurship Cell is searching for innovative and enterprising ideas through Empresario. Empresario 2015-2016 provides a platform for students to get excellent professional mentorship from our experienced, varied and distinguished mentor pool, and to showcase their ideas in front of Venture Capitalists, Angel Investors and Industry Leaders. If you want to turn your idea into an entrepreneurial venture, then this is the perfect stage for you!

Know your Track:

Products & Services Track:
A Business Model that is function oriented and is aimed at provising sustainability of both consumption and production. Ideas/Prototypes based on meeting diverse consumer requirements or providing an innovative service.

Social Track:
A Business Model that focuses on adding value to the people at the bottom of the pyramid and/or help building a greener tomorrow. Empresario’s very own track for enterprises that have a positive social or environmental impact.

Structure:

** Online form submission: The team needs to register on the Empresario website and authenticate their account using Code sent to the email-id specified. After that a team can log into their account and fill the form online.
** Early Bird: Additional incentives include extended mentorship and a face-to-face mentoring session for shortlisted students
** Mentorship: Mentoring will be provided to the shortlisted teams. The participants are required to make optimum utilization of the mentoring process so as to create an appropriately refined Business Model.
** Final Submission: After Mentoring, the teams have to submit their final Business Model in a prescribed format. Visit this link to know “How to prepare a submission”
** Grand Finale: The final shortlisted teams will present their final Business Model in front of the judging panel at IIT Kharagpur during the Global Entrepreneurship Summit 2016.

Prizes:

** Winners & Runner-up of Products & Services Track
** Winners & Runner-up of Social Track
** Best Innovative Product (Product Design)
** Best IIT Kharagpur Entry

Rules and Eligibility:

** A team may consist of minimum 1 or maximum 5 members.
** Ventures cannot be a buyout, an expansion of an existing company, a real estate syndication, a tax shelter, a franchise, a licensing agreement for distribution in a different geographical area, or a spin-out from an existing corporation.
** The teams will have to be present at IIT Kharagpur for the final round, to present before the judging panel.

Terms and Conditions:

By registering for this competition, it shall be deemed that each individual of the participating team has agreed to be bound by the following terms and conditions:
** By registering to participate in Empresario, each participating team agree to allow Entrepreneurship Cell, IIT Kharagpur to use their names, images and information regarding the team’s business, and prize information in publicity and marketing efforts throughout the world. Each participating team must agree to accept that their registration form and other entries will not be returned to them, and accept that their personal data will be available for information and statistical purposes.
** The participating team represents that Intellectual Property in the Business Plan does not infringe upon the intellectual property or any other legal or moral right of any person or entity.
** Entrepreneurship Cell, IIT kharagpur reserves the right to disqualify or prohibit from participating in Empresario any team that makes a submission that, in the sole discretion of Entrepreneurship Cell, IIT Kharagpur does not confirm with the Eligibility Criteria or does not comply with these Terms & Conditions and/ or the Competition Rules.
** By entering the Competition, each team and its individual members agree to accept as final any decisions of The Entrepreneurship Cell, IIT Kharagpur including determination of the winners of Empresario.
** Entrepreneurship Cell, IIT Kharagpur shall have the discretion to initiate appropriate action against participating teams including individuals of such participating teams in case of any losses or damages arising from violation of the Eligibility Criteria, Competition Rules and the Terms & Conditions.