A forum for the celebration of the audacious spark of innovation & exploration, it will offers an opportunity to showcase business ideas as a B-Plan, and receive feedback from an eminent panel of judges. The forum anticipates a culmination of innovative ideas captivating the interest of potential investors.

‘Empezar’07’ is also an opportunity for the entrepreneurs-in-making to learn from the experiences of successful entrepreneurs, who have been there and done it all – as they share with us the how-to’s of the otherwise innate art of entrepreneurship through discussions and a workshop.
If you believe in the power of your dreams, come take the challenge and craft your own success story.
Yojana -The blue print of your dreams
IMI presents an opportunity to those with Chutzpah, out-of-the-box thinking and initiative to take calculated risks.

We welcome the Kautilyas of the Corporate World to chalk out winning strategies in the market, and prove their mettle in the sacred art of wealth creation and employment generation, humbly termed as ‘Business’.

The B-Plan would be held in the following phases:

Stage 1: Submission of the Executive Summary

The stage entails the submission of an executive summary of the Business Plan, based on which the entries will be short listed for Stage 2. The executive summary should be submitted in a soft copy to [email protected] by Tuesday October 30′ 2007, 23:59:59 hours.
Rules for Stage 1
1. The executive summary should not exceed 2500 words, on A4 size paper.
2. The format of the summary should be: 1.5 line spacing, Font size 12, Font type Times New Roman, 1 inch margins on both the sides.
3. The document should be in .doc format.
4. Cover page of the documents should include the following details:
a. Name of the participant(s).
b. Name of the Institute
c. Email id & Contact numbers
5. The subject of the email for sending entries must be in the following format:
Empezar_Team Name_Institute Name
6. The rest of the documents should not reveal the identity of the participants or the institute in any way.
7. It is important that any study or research be clearly mentioned and acknowledged.

Guidelines for the Executive Summary
The Executive Summary should be briefly written as under-
a) Business Idea: A brief description of the venture you want to start.
b) Objectives: Describe your short term goals and objectives; mention what you hope to achieve three years down the line. Briefly outline your strategy to reach your goal.
c) Product/Services Offerings: Provide a clear and concise description of the product or service in layman’s terms.
d) The market: Explain who your target audience is and why they need or want your product or service. What, if any, is the ‘WOW’ factor in your idea from the perspective of the target audience?
e) Customers: Mention the market potential of the company. Data supporting your argument or information regarding the customers expected.
f) Competitive Advantage: A persuasive statement of why and how the business will succeed. Briefly explain the competitive advantage of your product/services, and how it is better than the ones already existing in the market.
g) Key Management Team Members: A description of management team’s qualification and capabilities to start, run and manage a successful business.
h) Technical Feasibility: The source of technology, expertise and infrastructure.
i) Financial and funding requirements: Include a summary of the timelines and details of how the funds will be used. Project revenues on projected market share and a timeline for profitability can be mentioned. Provide a brief snapshot of the revenues, cash flow and balance sheet of your company.
j) Exit Plan: A possible exit plan from the venture through an IPO or a trade sale.

Stage 2: Submission of the Detailed B-Plan
The entries short listed after stage 1 will have to submit the complete business plan. The report should be mailed at [email protected]. Based on the comprehensive business plan, entries will be short listed for the next stage. The last date for submitting the plan is November 14′ 2007, 23:59:59 hours.

The rules and guidelines for Stage 2 will be communicated to the short-listed teams.

Stage 3: Final Presentation
Short listed six teams will be invited to make final presentation to be held on Saturday, November 24, 2007

Additional Information:
1. Any number of entries can come from the same institute.
2. Each team can submit only one business plan.
3. An individual can be a part of only one team and cannot submit two business plans.
4. A contesting team can have a maximum of three members. All the members should be from the same B-School.
5. Acknowledgement receipt mails will be sent to all contesting teams once their executive summary is received.
6. The decision of the judges will be final and binding.
7. The organizers are not liable for any failure of the e-mail provider/network in case of non-receipt of Executive summaries within the stipulated deadline.
8. Failure to comply with the above rules will result in immediate disqualification, without prior intimation.
9. The final short-listed teams selected to present their respective papers will be reimbursed AC III Tier, return journey expense. The reimbursement will be for the shortest route between the team’s institute and Delhi.

The Accolades
First Prize- Rs.40, 000
Second Prize- Rs.25, 000

The teams selected for the final presentation will get an opportunity to put forth their ideas before a panel comprising eminent entrepreneurs, venture capitalists and academicians. The venture capitalist would fund the plan on his/her sole discretion.

Important Dates:
S.No. Phases Proposed Date
1 Deadline for Submission of Executive Summary October 30’2007
2 Results available online November 4’2007
3 Deadline for submission of the detailed B-Plan November 14’2007
4 Results available online November 17’2007
5 Final Presentation November 24’2007

For any queries please contact:
Richa Thakur- 09810282000
Nimerpreet Sran- 09971472341
Email : [email protected]