philips.co.in : Blueprint 2015 Challenge

Organization : Philips India Ltd
Competition Name : Blueprint 2015 Challenge
Applicable For : Students of Two Year Full-Time Flagship MBA
Submission (Round1) Last Date : 1st September 2015

Website : https://www.philips.co.in/
Registration : philips.co.in/blueprint/registration.page

Blueprint 2015 Challenge:
‘No one can stop an idea whose time has come’ – Victor Hugo

Do you have a winning idea that can change people’s lives in a meaningful way If yes, then enter Blueprint 2015.

Blueprint is back in a new avatar to turn your innovations into reality; Innovations that can change the way we live, that can make people’s lives easier, happier and healthier.

The success of Blueprint over the past two years has been overwhelming, and this year we are taking this initiative to whole a new level.

The stakes are higher; the challenge is greater; the rewards manifold.

Participating Institutes:
Participation in Blueprint 2015 is open to students of the following select institutes and programs.

Business Schools;
Participation in Blueprint 2015 is open to all students of the two year full-time flagship MBA (or equivalent) program at the following institutes:
** FMS, Delhi
** IIM, Ahmedabad
** IIM, Bangalore
** IIM, Calcutta
** IIM, Lucknow
** IIM, Kozhikode
** IIM, Indore
** ISB, Hyderabad & Mohali*
** SCMHRD, Pune
** TISS, Mumbai
** XLRI, Jamshedpur

Participation in Blueprint 2015 is open to all full time students of the B.Tech Programs and Dual Degree Programs at the following institutes:
** IIT, Bombay
** IIT, Delhi
** IIT, Madras

The Challenge:
Within the businesses that Philips is in today globally,propose an innovative idea which would fuel the growth of Philips in India and positively impact the lives of people

Your idea and business plan could be related to:
Innovation in products, services, solutions, processes, go-to-market approach or any other aspect of business

An untapped business opportunity or an unexplored area for growth in India

Round 1: Smart Summary
What Philips expects from you:Submit an executive summary of your idea in not more than 80 words by registering for Blueprint 2015 using the registration link. Each team may submit up to 3 ideas

Your executive summary must address the following aspects about your idea:
** What is the problem, need or insight being addressed?
** What is your proposed innovation/ idea?
** How big is the market and the opportunity?
** How is the innovation/ idea aligned with Philips’ strategic priorities?
** How will you execute this idea and what kind of returns could be achieved

Registrations Opening Date: 23rd August 2015
Submission Last Date: 1st September 2015

Evaluation and Results:
If we like your idea, your team will be shortlisted for the next round. You will be informed via email by 5th September, 2015 (tentative)

Campus Crowns: Round 2
What Philips expects from the participants: Prepare a detailed business plan in the form of a power point presentation.

Your business plan must address the following:
** Market Analysis – Megatrends, Competitor Analysis, Market size & growth,
** Proposed Innovation/ Idea, Details of technology/business model
** Fit with Philips’ portfolio
** Go to market approach
** Financial plan
** Scalability
** Sources of short-term & long-term competitive advantage

Registrations Opening Date: 5th September 2015
Submission Last Date: 15th September 2015

Evaluation & Results:
If we like your business plan, your team will be shortlisted for the next round. You will be informed via email by 17th September, 2015 (tentative)

This will be followed up with On campus Round for the top teams at each campus.

On-campus evaluation dates: To be announced at a later stage

Best of the Best: Round 3
What Philips expects from the participants: Further refine the business plan based on feedback from the Campus Crowns round. Present your business plan as you would to an investor community.

Mentorship by Philips Leaders: The top team from each institute will receive mentorship and guidance from a senior Philips leader to strengthen the business plan.

Evaluation & Results: Teams will present their business plan to the Philips India Leadership Team. The top 3 teams of Blueprint 2015 will be announced at the end of this round.

Date: To be announced later

Contact Us:
Email: blueprint@philips.com
Facebook: facebook.com/wearephilipsindia
Twitter: twitter.com/HRPhilips