"A mind is like a parachute. It doesn't work if it is not open."
Empresario is the annual Business Plan competition organized by E-Cell. The participants get mentored by some top notch professionals in the field from all over the world. The finalists get to pitch in front of India's
biggest VCs through the elevator pitch organized by E Cell as a part of Global Entrepreneurship Summit in the month of January every year. The winners received a total prize money of INR 6 Lacs last year and the top
3 teams with social business model got direct entry into the semi-finals of Dell Social Innovation Challenge organised by University of Texas, Austin USA. The finalists will also get huge Media Coverage at Global Entrepreneurship
Summit through our TV and Print Media partners.
For the Winners of Empresario 2013-14 Click Here
If Already Registered :Login Here
1.A team may consist of minimum 1 or maximum 5 members.
2.The Competition consists of 3 rounds.
3.In the first round the team needs to .
(i)Register in the Empresario Site.
(ii)Authenticate your Account using Code sent to the Email Id specified
(iii)Login to your Account
(iv)You can either fill the form online or Download the Form ,fill it and upload.
4.After the first round of submission, selected teams will undergo the mentorship process i.e. the second round.
5.The participants are required to make optimum utilization of the mentoring process so as to create an appropriately refined B-Plan.
6.After the mentoring process, the final B-plan will be submitted to the judges via e-mail.
7.The plan will be submitted in a PDF format.
8.After the submission of B-plan, selected teams will move to the final and the third round.
9.The teams will have to be present at IIT Kharagpur for the final round, to present before the judging panel.
Empresario 2013-2014 Winners:
Product & Services Category
1. Betaglide: Amritanshu Anand
2. Energy Unified : Jagdish Chelani
3. Intugine: Abhishek Sharma
2. Livebraille : Abhinav Verma
3. Infilight: Saif Khan
Empresario 2012-2013 Winners:
1. BioScoop: Dr. Jagdish Chaturvedi, Siraj Bagwan, Siddhartha Joshi, Dr. Jonnathan Pillai (Stanford India Biodesign)
2. Social Cops: Prukalpa, Varun Banka, Harjoben Singh (Nanyang Technological University, Singapore)
3. Swipe: Debashish Mitra, Prince (Indian Institute of Management, Ahmedabad)
Exyle Explosives: Arpit Dave, Koulick Ghosh, Sagnik Chakraborty (Indian Institute of Technology,Kharagpur)
How to write a Business Plan
What makes a good B-Plan
Sample B-Plans: It is only a suggestion and the business plan you need to submit could be in any format.
Simple business plan outline [The outline is only a suggestion and the business plan you need to submit could be in any format]
- Executive Summary: Write this last. It's just a page or two of highlights.
-Company Description: Legal establishment, history, start-up plans, etc.
-Product or Service: Describe what you're selling. Focus on customer benefits.
- Market Analysis: You need to know your market, customer needs, where they are, how to reach them, etc.
-Strategy and Implementation: Be specific. Include management responsibilities with dates and budgets. Make sure you can track results.
-Management Team: Describe the organization and the key management team members.
-Financial Analysis: Make sure to include at the very least your projected Profit and Loss and Cash Flow tables.
If you have any problem in submission of Idea Click Here
Frequently Asked Questions:
Who is eligible to participate in Empresario?
Empresario is an open B-Plan competition organised by Entrepreneurship Cell, IIT Kharagpur. Entries, under any stage of development, are eligible to participate. The competition aims at transforming raw ideas into full-fledged business models.
Why participate in Empresario?
Starting a company from scratch involves a lot of obstacles. The 3 major obstacles which are common to all such start ups are as follows:
E-Cell provides a perfect platform to such ventures by helping them in terms of funding, mentorship and connecting them to the right people in the industries. By participating in Emprersario, the teams are not only eligible for funding but are also linked to mentors. Finalists also get a chance to pitch their ideas before Venture Capitalists and Angel Investors. In the process, the start-ups get ample of opportunity to improve upon their B-plan and overcome the shortcomings, while it is still in its gestation period.
What is a Business Plan (B Plan)?
A business plan is a document that summarizes the operational and financial objectives of a business, focuses on key points, allocates resources and contains the detailed plans and budgets showing how the objectives are to be realized. Because the business plan contains detailed financial projections, forecasts about your business's performance, and a marketing plan, it's an incredibly useful tool for planning of your business.
Why need a B-Plan?
To test the feasibility of the idea. Writing a business plan is the best way to test the feasibility of an idea. The marketing and competitive feasibility of an idea can be tested through evaluation of a b-plan. To secure funding. Business institutions and investors play a leading role in providing the operational and start-up capital. A good business plan provides a sound platform for attracting venture capitalists and funding from the financial institutions. To make business planning manageable and effective. A business plan is an important tool for establishing business. The business plan can help in strategizing the goals to be accomplished, changes required and the directions a company's growth needs to take.
How detailed should it be?
Business advisors, experienced entrepreneurs, bankers, and investors generally agree that you should develop a business plan before you start a business. A plan can help you move forward, make decisions, and make your business successful. However, not all business plans are the same, not every business needs the same level of detail. You might develop a fairly simple plan first as you start a small business, and that might be enough for you. You can also start simple and then elaborate as you prepare to approach bankers or investors. For an example, imagine yourself doing a business in your own backyard selling lemonade. A business plan could give you a chance to step back from the normal flow and look at ways to develop and improve the business. The planning process should help you understand your business. It should help you define what you want from the business, understand what your customers want, and decide how to optimize your business on your own terms. You might benefit from developing a simple sales and expense forecast, maybe even a profit and loss, so you can plan how to use and develop your resources. You might not need to create detailed cash flow, balance sheet, and business ratios. A simple plan may be just what you need to get going. However, not all startups are that simple. Many of them need product development, packaging, retail fittings and signage, office equipment, websites, and sometimes months or even years of payroll before the sales start. Unless you're wealthy enough to finance these expenditures on your own, then you'll need to deal with bank loans or investors or both; and for that you'll need a more extensive business plan. Startup company or not, the plan has to meet expectations. Is there a standard B-plan format? A normal business plan (one that follows the advice of business experts) includes a standard set of elements, as shown below. Plan formats and outlines vary, but generally a plan will include components such as descriptions of the company, product or service, market, forecasts, management team, and financial analysis.
Can you suggest a standard format of a b-plan?
f you have the main components, the order doesn't matter that much, but here's the outline order we suggest. Executive Summary It is just a page or two of highlights, but very critical to make the first impression. Company Description Legal establishment, history, start-up plans, etc. Product or Service Describe what you're selling. Focus on customer benefits. Market Analysis You need to know your market, customer needs, where they are, how to reach them, etc. Strategy and Implementation Be specific. Include management responsibilities with dates and budget. Management Team Include backgrounds of key members of the team, personnel strategy, and details. Financial Plan Include profit and loss, cash flow, balance sheet, break-even analysis, assumptions, business ratios, etc.
For more details visit http://www.bplans.com/business_plan_template/
What is the ideal length of a B-plan?
Page count is not a good way to measure length. A 20-page plan with dense text and no graphics is much longer than a 35-page plan broken up into readable bullet points, useful illustrations of locations or products, and business charts to illustrate important projections. Measure a plan by readability and summarization. A good business plan should leave a reader a good general idea of its main contents even after only a quick skimming, browsing the main points, in 15 minutes. Format, headings, white space, and illustrations make a big difference. Summaries are very important. Main points should show up in a business plan as quickly as they do in a business presentation.
Kolkata Chapter is among the oldest across the vast TiE network. In the last 10 years, it has emerged as the forum of choice for startups, serial entrepreneurs, VC and angel investors, policy makers and academia. At the heart of the entrepreneurial ecosystem, TiE Kolkata plays the role of an ecosystem builder by bringing in multiple stakeholders and values to align with the common goal to foster entrepreneurship.
Growx is an early-stage investment firm based out of Delhi. growx helps start-ups scale by investing time and money in the businesses, and typically works closely with the investee companies at a strategic and operational level. growx investments are focused on seed and angel stages across a wide range of sectors.
Indian Angel Network is a network of Angel investors keen to invest in early stage businesses which have potential to create disproportionate value. The members of the Network are leaders in the Entrepreneurial Eco-System as they have had strong operational experience as CEOs or a background of creating new and successful ventures. They share a passion to create scale and value for startup ventures.
TLabs, an initiative by Times Internet, is a startup accelerator and early stage seed-fund in India for internet and mobile technology startups.It is one of the most established Indian accelerators, powered by a panel of 70+ mentors -that includes highly-experienced entrepreneurs and industry professionals TLabs runs a structured and highly intensive four-month mentoring program for these startups. It also offers a funding of INR 10 Lakh, a co-working space and a host of other benefits from prominent tech partners, to the startups it accepts in the program.
IncuCapital is a Venture Capital firm in India that does early stage incubation and funding. IncuCapital provides a platform to launch successful enterprises. It believes that a successful and growing company needs various resources to grow -capital being a key resource but not the only one. IncuCapital's team is entrepreneurial in nature and consciously take efforts to preserve that culture. IncuCapital was recently appointed as a strategic advisor by the National Stock Exchange (NSE) to help build India Venture Board (IVB) -a platform to support investment opportunities for early stage companies in India.
Nexus is India's leading Venture Capital fund. They invest in early and early growth stage companies across sectors in India and US. Nexus is a team of successful entrepreneurs with extensive investing and operating experience, who love to get their hands dirty. They understand the unique challenges faced by entrepreneurs and know that it takes teamwork and exceptional execution capability for a company to succeed. Partner companies have access to the entire Nexus team in India and Silicon Valley for help in recruiting talent, forging new alliances, opening doors to new customers, shaping strategy and connecting with best-of-breed executives, advisors, co-investors and board members.
Cumulatively bringing in hundreds of years of experience at conceptualizing, setting up and growing businesses, Excubator's mentors will help you at multiple levels: brainstorming with you to help you clarify your strategy, creating your first level of prospective customers and partners, and moving on to help you scale your venture. At appropriate points and based on traction you show, Excubator can also present you to the right incubators and bring in a wider ecosystem of Excubator partners who will continue to help you scale.
IP & Innovation Partner
Their mission is to assist technology focused companies and individuals by providing them with a spectrum of innovation management strategies that not only help protect and create new Intellectual Property assets by also help in managing and monetizing their existing Intellectual Property
Legal and Compliance partner
They are recognized for professional Legal, Secretarial and Tax services of the highest calibre. They draw on their unique knowledge of the Indian business environment, and in-depth understanding of the socio-political climate, to advise clients on a wide range of technical legal and tax issues
Palaash Ventures, an investment fund floated by veterans of media industry, started its operations in the early 2013 is based out of New Delhi and having presence in Bangalore as well. Palaash's investment objective is to fund such opportunities which are backed by a robust and Thinking Team, ideas which are innovative, disruptive and have the potential to be highly scalable
Student Internship Partner
Twenty19 strives to educate and enable students to learn by DOing. At Twenty19 we believe that the real learning for a student lies beyond the four walls of a classroom. Students can gain meaningful knowledge and skills only when they take initiatives and get hands on experience in the real world.