Business plan

VIT-AP University holds business plan competition

Vijayawada: VIT-AP School of Business (VSB) and Technology Business Incubator -Innovation Incubation center (TBI-IIC) successfully completed the annual 2-day national business plan competition on March 4-5 in virtual mode.

The farewell session was held in virtual mode on Saturday and Ramesh Kaza, Senior Managing Director, State Street Bank & Trust, Boston, USA, was the main guest. In his remarks, he insisted that students need to think beyond work, it’s okay to fail, if you can’t risk now, you can’t risk later. Business plans play a vital role in strategies and the perfect execution of business with profitability and sustainability.

Dr Raghavendra, Associate Dean of the VSB, said a business plan can bring clarity to the decision-making process regarding key aspects of the business such as capital investments, leases, resources, etc The business plan helps create a marketing roadmap, helps secure talent, support funding, and structure the business.

The farewell function was also honored by Dr. SV Kota Reddy, Vice Chancellor, VIT-AP, Dr. CLV Sivakumar, VIT-AP Registrar, Dr. YV Pavan Kumar, Deputy Director of TBI-IIC, Dr. Vikas Mehra (VSB) Professors, students and staff were also present. Dr. Vikas Mehra said Total 44 teams from all over India competed 15 teams qualified for the finals. The first prize winner

Team A members Anirudh Gupta and Anusha Priyadarshi from Indian Institute of Technology, Dhanbad have won a cash prize of Rs 1 lakh. The second winner is Search Your Space, VIT-AP University, Andhra Pradesh. The team won a cash prize of Rs 50,000. The team members are Shaik Sameeruddin, MD Abdul Razzaq and Mohammed Suhail. The third winner of the Hustlers Award, Gute Jambheshwar University of Science and Technology, Hisar. The team won a cash prize of Rs 25,000. The members are Ravi Sinhmar and Kirti Sharma.