IGNOU Business Plan Competition 2024 : Indira Gandhi National Open University

Organisation : Indira Gandhi National Open University IGNOU
Contest Name : Business Plan Competition 2024
Applicable For : Students and Alumni of IGNOU
Last Date : 30th April 2024
Website : http://ignou.ac.in./

What is IGNOU Business Plan Competition?

IIC-IGNOU is organising a Business Plan Competition-2024 for IGNOU Students and Alumni. This exciting opportunity aims at empowering students and alumni to translate their innovative ideas in to successful business that propel India towards a developed country. The top three Business Plans will be given the Best Business Plan Award-2024. The winner of First, Second and Third Prizes will be awarded Cash Prizes of Rs. 7000/-, Rs. 5000/- and Rs. 3000/- respectively. Last Date of Competition is 30th April 2024.

Who is Eligible for Business Plan Competition?

The competition is open to all the Students and Alumni of IGNOU, who have designed and developed a prototype of an Innovative Business Plan for starting a Business or Startup based on new, socially relevant and practicable Business Ideas from the given themes focussing on Viksit Bharat@2047.

Why Should You Participate?
If you participate in the Business Plan Competition-2024, IGNOU will provide you required support and guidance to convert your Business Idea into a Successful Startup. In addition, the selected participants of the best business proposals will:
1. You have an opportunity to contribute towards Viksit Bharat@2047 vision.
2. The top three Business Plans will be given the Best Business Plan Award-2024.
3. The winner of First, Second and Third Prizes will be awarded Cash Prizes of Rs. 7000/-, Rs. 5000/- and Rs. 3000/- respectively.
4. All the shortlisted participants will be provided the required mentoring support, training and guidance for their business plan.
5. You will be provided a national platform for showcasing your Startup or Business Venture.
6. Certificates of Participation will be provided to all the shortlisted students and alumni.
7. You will get opportunity to interact with other Innovators and Entrepreneurs.

Theme Areas of Business Plan Competition

The major focus is on the themes of Viksit Bharat@2047 comprising of following theme areas:
1. Food, Agriculture and Rural Development
2. Clean Energy and Alternate Fuel
3. Clean Water and Water Management
4. Environmental issues and Waste Management
5. Swacchhata Initiatives, Health Care, Hygiene, Lifestyle and Sports
6. Smart Transportation and Traffic Management
7. Smart City and Urban Development
8. Social Issues and Security System
9. Scientific and Technological Developments
10. Education and Online teaching-learning System
11. Hospitality, Travel and Tourism
12. E-Governance, E-Commerce and Digital Marketing
13. Robotics and drones
14. ICT, Cyber security systems, blockchain, cognitive computing, AI and ML
15. IoT based Technologies
16. Any other Area like Fashion, Art, Entertainment, Retails and Banking, etc. (Please specify)

What are Different Stages of Business Plan Competition?

1. The IGNOU students and alumni will submit the detailed Business Plan for Business Plan Competition-2024 focussing on Viksit Bharat@2047.
2. Shortlisted entries will be invited for a presentation on the business plan submitted by them in blended mode (online/offline).
3. Based on the application and presentation, the potential Business Plans will be shortlisted and the best three will be awarded with the Best Business Plan Award-2024.

Award of Business Plan Competition

Certificate of Participation will be awarded to the shortlisted entries. Certificate of Merit will be awarded to the Winners of the First, Second and third positions in the Business Plan Competition- 2024. However, the decision of the University in this regard will be final and binding.

How to Apply for Business Plan Competition?

Interested Students and Alumni of IGNOU having an Innovative Business Idea or Plan for Startup or Entrepreneurship can submit their Business Plan by downloading the template available at https://drive.google.com/drive/folders/1O1UT1PPcOJy_JAM0-WMJ-eXUXHMputgM?usp=drive_link and submitting it via email to ncide[AT]ignou.ac.in.

Last Date :
Last Date for submitting the Business Plan of the Business Plan Competition-2024: April 30, 2024.

Detailed Notification Download here : https://www.contest.net.in/uploads/pdf2024/70246-c.pdf