IIM Nagpur won the Business Plan competition on Saturday
The Indian Institute Of Management in Nagpur on Saturday won the business plan competition as part of the annual Big Idea Contests organized by V-Guard Industries limited. While Muthoot Institute of Technology, Vaikoli, won the top prize in the Big Idea Tech design competition, International Management Institute, Delhi and Indian Institute Of Management, Sambalpur qualified for the Special Jury Prize.
The finals of this year’s Big Idea Business Plan and Big Idea Tech design competitions were held Nov. 18-20 and received more than 300 entries from top business and engineering schools across the country, V said. -Guard in a statement. SVKM’s NMIMS and Mumbai’s Mukesh Patel School Of Technology Management and Engineering were declared first and second runners-up respectively in the business plan competition out of a total of 22 teams shortlisted for the grand final.
St Joseph College of Engineering and Technology, Palai and Christ College of Engineering, Irinjalakuda have been declared first and second runners-up respectively in the Big Idea Tech design competition. The theme for this year’s business plan competition was “Tomorrow’s business models that will bridge the digital-physical divide to usher in a brighter future”.
Meanwhile, “How V-Guard can enable a better quality of life with thoughtful and intelligent products that will bring home a better future” was the theme of the Tech Design competition. “This was intended for attendees to present insightful and innovative ideas for business growth in alignment with V-Guard’s business strategy,” the company said.
The winners of the Business Plan competition received cash prizes worth Rs two lakh, Rs one lakh and Rs 50,000 respectively, along with trophies and certificates of appreciation. Big Idea Technology winners received cash prizes worth Rs one lakh, Rs 50,000 and Rs 25,000 for the top three positions respectively.
Both teams qualified for the special jury of the Business Plan competition and received prizes worth Rs 25,000. A four-member jury led by EY LLP Chief Executive Rajesh Nair and members comprising V Ramachandran, Director and COO of V-Guard, Sudarshan Kasturi, Senior Vice President and Chief Financial Officer of V-Guard and Narender Singh Negi, Vice President –R&D (Electronics) of V-Guard selected the Business Plan winners.
“Ideas submitted by entrants were judged on parameters such as ingenuity, practicality of the app, feasibility, simplicity, and the positive impact it can have on V-Guard’s business. and its consumers,” the company said. V-Guard Chairman Kochouseph Chittilappilly and Managing Director Mithun Chittilappilly presented the awards.
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