ideathon 4.0

Themes

•   Digital Finance, Social Banking and Micro Finance.
•   Smart Lifestyle & Sustainable Development.
•   Food Agriculture and Rural Development.
•   Environmental Issues, Waste Management, Clean Energy & Alternate Fuel.
•   Swachhata Initiatives, Health Care, Hygiene.
•   Smart Transportation and Traffic Management, Smart City and Urban Development.
•   Scientific and Technological Developments.
•   Education and Online Teaching-Learning System.
•   Hospitality, Travel and Tourism.
•   E-Governance, E-Commerce and Digital Marketing.
•   Robotics, IoT, ICT, Cyber Security Systems, Blockchain, Cognitive Computing, AI and ML.
•   Any Other Area Like Fashion, Art, Entertainment, Retail Etc. (Please Specify)

In Round 1

The individuals/teams have to register themselves through the registration link after making the payment of INR 699/- OR USD 10. All registered individuals/teams will share their Business Plan in the PDF format (maximum 20 pages). The email address for submitting the plan: ideathon@kalingauniversity.ac.in.
The Business Plan to be made as per the given template.
A Panel will screen the submitted Business ideas and will choose the finest ones for the second round.

In Round 2

All selected individuals/teams have to present their detailed business plan in front of the panel members.

Note:
➔ Maximum presentation time: 15 Minutes per team
➔ Maximum No of members in a team: 5

Panel will decide the best business plan. The winners of Round 2 will receive cash prizes and the best ideas as deemed by the panel will also receive Incubation opportunities from Kalinga University, Naya Raipur.

Business Plan Template

Here is a basic template that any team can use when developing its business plan:

Section 1: Executive Summary

•     Basic introduction of the company.
•   Present the company's mission and vision.
•   Describe the company's product and/or service offerings.
•   Give a summary of the target market and its demographics.
•   Summarize the industry competition and how the company will capture a share of the available market.
•   Give a summary of the operational plan, such as inventory, office labour, and equipment requirements.
•   Describe the technological adoption and IPR issues.

Section 2: Industry Overview

•   Facts explaining present industry scenarios.
•   Describe the company's position in the industry.
•   Describe the existing competition and the major players in the industry.
•   Provide information about the industry that the business will operate in, estimated revenues, industry trends & government influences.

Section 3: Market Analysis And Competition

•   Define your target market, their needs, and their geographical location.
•   Describe the size of the market, the units of the company's products that potential customers may buy, and the market changes that may occur due to overall economic changes.
•   Give an overview of the estimated sales volume vis-à-vis what competitors sell.
•   Give a plan on how the company plans to combat the existing competition to gain and retain market share.
•   Conduct a SWOT analysis.

Section 4: Sales And Marketing Plan

•   Describe the products that the company will offer for sale and its unique selling proposition.
•   List the different advertising platforms that the business will use to get its message to customers.
•   Describe how the business plans to price its products in a way that allows it to make a profit.
•   Give details on how the company's products will be distributed to the target market and the shipping method.
•   Explain the major bottlenecks the company will face and how the company plans to overcome them.

Section 5: Management Plan

•   Describe the organisational structure of the company.
•   List the owners of the company and their ownership percentages.
•   List the key executives, their roles, and remuneration.
•   List any internal and external professionals that the company plans to hire and how they will be compensated.
•   Include a list of the members of the advisory board, if available.
•   Mention the major highlights of the company's HR policy.

Section 6: Operating Plan

•   Describe the location of the business, including office and warehouse requirements.
•   Describe the labour requirement of the company. Outline the number of staff that the company needs, their roles, skills training needed, and employee tenures (Full-time or part-time).
•   Describe the manufacturing process and the time it will take to produce one unit of a product.
•   Describe the equipment and machinery requirements, and if the company will lease or purchase equipment and machinery, and the related costs that the company estimates it will incur.
•   Provide a list of raw material requirements, how they will be sourced, and the main suppliers that will supply the required inputs.

Section 7: Financial Plan

College/University Students (UG, PG, and Research Scholars)

•   Describe the financial projections of the company by including the projected income statement, projected cash flow statement, and the balance sheet projection.
•   Fundraising from Venture Capitalists, etc.
•   Details of loans/debt and sources.

Section 8: Appendices And Exhibits (optional)

•   Quotes of building and machinery leases.
•   Proposed office and warehouse plan.
•   Market research and a summary of the target market.
•   Credit information of the owners.
•   List of products and/or services.
•   Sources and Uses of Funds.

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