IBCN 2017 Youth Entrepreneurship Spread Competition : ibcn2017.org

Organization : NBIG (Nagarathar Business Initiative Group)
Competition Name : Youth Entrepreneurship Spread Competition 2017
Registration Last Date : 31st Jan 2017

Youth Entrepreneurship Spread:

NBIG (Nagarathar Business Initiative Group) of the U.A.E is organizing a global competition for IBCN 2017 to empower youth on the Entrepreneurial path.

Related : IBCN 2017 Big Talk on Business Competition : www.contest.net.in/20268.html

Eligibility:
** Team size recommended is 4, but can go up to 6, if participation is in more than one pillar
** At least 50% of the team has to be from Nagarathars
** Age Limit is up to 25 years (proof of age needs to be submitted)

Guidelines:
** NBIG is working on the above objectives at the global level for raising the bar for promoting entrepreneurship among Nagarathars. Participants must work on miniature version of one or more of the above four pillars of IBCN 2017 and showcase the results they achieve to the panel.
** Their work would be mostl y practical (on field by getting in touch with people) but could also be academic (research and information gathering work where applicable). A detailed explanation of the objectives can be inferred from the guidelines given below.

Know How i.e. Knowledge sharing:
It is about making the business knowhow available to existing as well as potential Entrepreneurs. As an example, a participant can choose an industry (say, a retail segment like pharmacy) and a locality (say, Karaikudi) and collect all information required to start up that business.

** Documenting of the local rules and regulations (in participant’s locality or another locality) to be made available for those starting a small business.
** Procedures to be completed with the respective authorities for licensing a startup business
** Technical knowhow on specific businesses – business process flow, design, etc.
** Business feasibility studies
** Information on raw materials, business opportunities, market potential, etc.
** DOs & DON’Ts for any business

Participant has to do research on one or more of the above points and come out with the documented information. To get additional weightage, the collected information can be made available as a resource to potential and existing entrepreneurs through Nagarathars Forums or gatherings or to an individual Nagarathar.

Evaluation :
A panel of judges will evaluate the submissions and their verdict will be final. Evaluation will be based on the following:

** Points will be awarded for each achievement in each pillar based on the score card
** Working on more than one pillar will increase their chances of winning the grand award
** Candidates can make more than one initiative in each category and increase their chances of winning the competition
** Progressive submission of the outcome of each activity can be done as soon as it is completed
** Beneficiaries of the activities have to be Nagarathars
** Where required, testimonies need to be provided as reference for the achievement in any of the pillars
** Where applicable, audio/video recording (smart phones can also be used) of the events where speeches are given or screened needs to be submitted

Last Date :
** Last Date for Registration – 31st Jan 2017
** Start date for Progressive Submission of outcomes – 1st Sep 2016
** Last date for submission of outcomes – 28st Feb 2017

Rewards :
First Prize – Worth Rs. 50,000/- + Mega Prize – Two representatives from the winning team will be sponsored by NBIG for attending the IBCN 2017 conference
Second Prize – Worth Rs. 30,000/-
Third Prize – Worth Rs. 20,000/-