Published : Monday, 24 November, 2014 06:31 PM
To launch the spirit of Entrepreneurship amongst its students, FORE School of Management’s Centre for Entrepreneurship Development (CED), established in Feb 2010, organized Concoct on 21st November. The Judges on the occasion were Mr. S.N.Burman, Vice President, Marketing for Maruti Suzuki India Limited, Mr. Puneet Chadha, General Manager, Rural Marketing, for Maruti Suzuki India Limited, Mr. Vinod Pande, Head, PMS Consulting and Mr. BhuvneshGoyal, Founder, Toughla Spare parts.
The Centre aims to encourage the management students to develop their brilliant ideas into workable plans. At the same time it propels them to take the plunge by vetting their business plans with the angel investors. To make the environment very conducive, CED, FORE carries a calendar full of event.
Concoct
Concoct is an Inter-college business plan competition, designed to give the management students a platform to present the feasibility of their entrepreneurial dreams. The flagship event of Centre for Entrepreneurship Development (CED) was organized with an aim to encourage management students to come up with their business ideas and showcase it. It was organized on 21st November, 2014. The participating teams of renowned business colleges from across the country come up with innovative ideas for start-ups.
Over the years, we have seen high participation from colleges across India. The event has also undergone various changes to keep up with the changing times and to provide the best platform to the teams participating.
Teams were
| College Name | Team Name |
| XIMB | Xtras |
| SIMS Pune | Phoenix |
| GIBS, Rohini | BOON |
| Army Institute of Technology, Pune | www.udchalo.com |
| SITM | SMARTOMETERS |
| Bits Pilani | CVR – 2233 |
| FORE School of Management | Curiosity |
| FORE School of Management | Gambit |
| FORE School of Management | The Salt Traders |
| FORE School of Management | Dream Converters |
The event was divided in TWO rounds:
In Round 1 - Each Participating Team had to submit an Executive Summary within 2-3 pages covering the following points.
- Business overview
- Strategy of execution
- Market opportunity
- Competitors analysis
- Organization structure
- Financials.
In the next round: All teams are to prepare a 15 minute presentation on their Business Plan and there was a 5 minute Question & Answer session after the presentation.
The Winners were decided on the basis of
- Uniqueness of Idea
- Market Research
- Operational Plan
- Marketing Plan
- The Financial Plan
- Implementation and risk mitigation
- Attractiveness to investors.
The 1st Prize was awarded to Team BOON from GIBS, Rohiniwith the cash price of 25000 INR and 2ndPrize was given to Xtras from XIMB with the cash price of 10000 INR.
Applications are being accepted at FORE School of Management, New Delhi with the Last date Monday, December 15, 2014
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