Udyami


Udyami, a flagship event of Samanvay, is aimed to foster the spirit of entrepreneurship among the brightest minds across the country. In line with the Government of India’s mission to increase the entrepreneurial spirit in the country, DoMS presents Udyami, to give budding entrepreneurs a platform to showcase their B-Plans to a distinguished panel of judges. The participants also get an exciting opportunity to interact and network with experts from industry and academia in addition to cash rewards.

Round 1

Executive Summary Submission: Participants are required to propose their business ideas (Abstract about the business model) in a maximum of 600 words. These business ideas are evaluated on a set of pre-defined parameters. Business Model Canvas / Video presentation Submission: Participants should propose their business ideas i.e., giving insights about the business model based on a set of guidelines. These business ideas are evaluated on a set of predefined parameters. Participants have to submit their business model using the template (can be downloaded from the attachments).

Round 2

Pitching Round: Shortlisted teams will be given an opportunity to pitch their ideas in front of the jury consisting of real investors who will help in raising the funds based on the quality of the idea. ( Judged based on Marketing , Finance , Idea and feasibility ).

Guidelines for submission of business model:

Participants have to submit their business model using the template (can be downloaded from the attachments).

The business model canvas should include:

  1. Key Partners.
  2. Key Activities.
  3. Key Resources.
  4. Value Propositions.
  5. Customer Relationships.
  6. Channels.
  7. Customer Segments.
  8. Cost Structure.
  9. Revenue Streams.
  10. Social & Environmental Cost (if any).
  11. Social & Environmental Benefit (if any).

Elevator Pitch

One-minute video pitching about your idea in brief should be sent along with the business model canvas. Participants are rated on the quality of speech and clarity of thought.

Shortlisting Criteria

Business Model Canvas should be mailed to samanvay.udyami@gmail.com and Elevator Pitch should be mailed along with Business Model Canvas or can be shared on drive (If the file size is large) by 14th October, 23:59hrs

Based on the business model canvas and elevator pitch, a composite score will be calculated with emphasis on

  1. The business model
  2. Feasibility of the idea
  3. Clarity of thought in elevator pitch video

Teams will be shortlisted for the next rounds based on this composite score. Results will be announced on 23.59hrs, 16th October 2017.

The subsequent rounds will be held on 27th and 28th October 2018 at Department of Management Studies, IIT Madras. The shortlisted teams will be assigned mentors who will evaluate the ideas presented and help in refining them. Subsequently,the participants will get an opportunity to pitch their ideas in front of jury consisting of real investors who will help in raising the funds based on the quality of idea. Details of these rounds shall be communicated to the shortlisted teams.

Rules

  1. Team Composition
    1. The event is open for teams comprising of Business school students, undergraduate students, corporate professionals, as well as other independent individuals (employed or unemployed)
    2. A team can have a maximum of 4 members. Members can be from any organization. All the members may or may not be from the same organization.
    3. One participant cannot be part of more than one team.
    4. No change in the team structure is allowed after the team is registered. Please register your team after careful thought and deliberation.
  2. The decisions of the organizers of the contest will be final and binding on all the participants.
  3. The organizers reserve the right to change the rules and regulations.


Important Dates

Business Model Canvas Submission -

Need to submit your business model canvas along with elevator pitch video in a zip format

30 Sept'19, 09:00 AM IST - 5 OCT'19, 11:59 PM IST

On-Campus Round -

The shortlisted teams will be assigned mentors who will evaluate the ideas presented and help in refining them. Subsequently,the participants will get an opportunity to pitch their ideas in front of jury consisting of real investors who will help in raising the funds based on the quality of idea. Details of these rounds shall be communicated to the shortlisted teams.

19 OCT'19, 10:00 AM IST - 19 OCT'19, 5:00 PM IST


You can register by clicking Here