On September 24, 2024, Amity Business School hosted a Startup Innovation week where Business Plan Competition is organised in collaboration with Institutions of Innovation Council. In the event AUMP students having an aspiration for becoming entrepreneurs and future innovators participated in the event. The event served as a platform for showcasing their talents towards innovative business ideas, fostering a culture of entrepreneurship and creativity to enhance Entrepreneurial eco-system.
The institutional business plan competition was introduced with the aim of fostering innovation and entrepreneurship skills among students. Various teams from different classes participated, presenting their innovative business plan ideas and strategies.
The Business Plan competition provided a platform for entrepreneurial skill development where Judges evaluated the proposals based on criteria such as feasibility study, market potential, and innovation. etc. Winners were awarded prizes and recognition for their outstanding efforts. Overall, Business plan competition played a pivotal role in promoting entrepreneurial spirit within the academic community with special reference to promote startups.
Objectives Of the Business Plan Competition-:
The objective of a business plan competition typically includes:
Encouraging individual students to develop innovative business ideas and fostering an entrepreneurial mindset.
Providing Students a platform to learn about the various aspects of starting and running a business, such as market research, financial planning, and marketing strategies.
Offering participants the opportunity to receive constructive feedback on their business ideas and plans from judges and peers, helping them refine their concepts and strategies.
Encouraging students or employees to think innovatively and develop entrepreneurial skills.
Providing a platform for participants to showcase their business ideas and receive constructive feedback.
Recognizing and rewarding promising business ideas, concepts, and plans, which can provide validation and credibility to participants.
Encouraging the development of innovative solutions to address market needs or societal challenges.
No. of Faculty Participants along with List -:
There were 5 enthusiastic faculty members who participated in the competition, bringing their expertise and knowledge to the table.
- Dr. Rashmita Singh, Assistant Professor, ABS.
- Dr. Abhilasha Singh, Assistant Professor, ABS.
- Dr. Vivek Gupta, Assistant Professor, ABS.
- Dr. Mrigya Tiwari, Assistant Professor, ABS.
- Dr. Mini Agarwal, Assistant Professor, ABS.
No. of Students Participants along with List -:
34 passionate groups (students) participated in business plan competition from representing from Across AUMP
Highlights-:
Here are some highlights of an intra institutional business plan competition:
- The competition was marked by intense presentations, innovative ideas, and insightful discussions.
- Participants presented a diverse range of business plans spanning various industries, including technology, healthcare, finance, and sustainable development.
- Participants get the chance to network with fellow students, faculty and valuable connections while preparing for the business plan.
- Competitors develop critical skills such as strategic thinking, financial analysis, and presentation skills, which are essential for entrepreneurship and business success.
- Participants received constructive feedback from judges, providing insights into their business plans and areas for improvement.
- Winners received prizes with recognition for their innovative ideas and execution.
- These events help foster an entrepreneurial culture within Amity Business School, encouraging students to pursue their business ideas and innovate to do own startup.
- Observing the valuable learning environment where overall all experiences that participants to adapt and improve their own approaches to do startup.
Outcome-:
- The Business Plan Competition culminated in the recognition of exceptional talent and promising business ideas.
- Winners were awarded prizes, opportunities, and amity innovation incubation support to further develop their ventures.
- All participants gained valuable experience, constructive feedback, laying a solid foundation for their entrepreneurial journey.
- The event's success underscored the commitment of Amity Business School to nurture innovation, creativity, and excellence.
- Diverse range of innovative business ideas showcased.