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International Business Plan Competition: Ventura’11

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[Press Release]

VENTURA’11, The International Business Plan Competition, organised by the Entrepreneurship Cell of NIT, Trichy is a place for all those who shirk beaten paths and believe in leaving trails in all walks of life.

The largest Business Plan Competition in India, Ventura has drawn participation from all over the world. The 3rd edition of Ventura is set to take of this year.

The Winner of this Business plan competition will win Cash prize amounting to INR 4 lakhs (USD 8,000).

VEntura Business plan Competition

The E-Cell of NIT Trichy is committed to promote plans and ideas that have a positive effect on the people, society and environment around us. The Cognizance awards recognize those that have taken that extra effort to incorporate this ideal in their plan.

There are also Special Awards for :

  • Best Environmentally Conscious Plan
  • Technical Innovation Award
  • Best Grassroots Level Innovation

    In addition, we present Consolation prizes to each Ventura ’11 finalist.

Ventura 11 will also have a Incubation support up to INR 1 Crore (USD 200,000).

Upto INR 1 crore (USD 200,000)  endowed for the finalists to establish their venture. Access to incubation amenities at TREC-STEP, Trichy; NSRCEL, IIM Bangalore, and other incubators in the country. Ventura is the first B-Plan Competition where the top 3 Business Plans were successfully converted  into  Start-ups.

        A Business Germination Program where selected teams will be provided with an initial round of funding of up to INR 5 Lakh and three months of rigorous training by an elite panel of Business Leaders to work on their Business Plan. At the end of the Germination Program the teams will reach the Revenue Generation Stage.

Mentoring by elite professionals.

Access to the E-Cell Mentor Network, an expansive network of entrepreneurs and professionals from across the world. The 50 day mentoring support provided, also helps in fine-tuning business ideas and in broadening  perspectives to a major extent. Interaction with highly experienced entrepreneurs, incubators, venture promoters and academicians, provides for an enlightening experience.

The E-Cell Mentor Network will be involved with the Mentoring Round of Ventura scheduled for 3rd January to 15th February. This round is not a part of the Business Germination Program which will be held independently by QwkBiz Incubators and their panel of mentors after the completion of Ventura.

Ventura will be take place in the following stages :

  1. Initial submission followed by the first round of shortlisting. Submission deadline – 25th December.
  2. Mentoring Round – 3rd January to 15th February.
  3. Second round of shortlisting – 26th February.
  4. Final event (2 day event. 
    1. Elevator pitch.
    2. Detailed Presentation of the B-Plan.) – 26th and 27th March.

The deadline for submission of your Executive Summary is 25th December, 2010.

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