Viridian Group & IL&FS Urban Infrastructure, are deeply committed to the development of entrepreneurship in the country and have announced a nationwide Business Plan contest. The contest will honor best business plan with upto INR 1 Cr. equity partnership and other prizes for participants. The winning participants would also be eligible to receive transformational support from GIFT City & WTC Gift, Gujarat subject to certain terms and conditions.
The contest is being inaugurated at Vibrant Gujarat from January 11, 2015 to January 13, 2015. Presentations or pitches made on the venue are eligible for On The Spot cash awards. The contest shall continue for about a month and culminate in a final round. This contest is keen to promote entrepreneurship at Grass root level and Women entrepreneurs.
To promote the same, entries in these categories are eligible to be considered for exclusive awards. This platform is for any individual, with an idea and a passion to be entrepreneurs with no distinction of socio-economic background. The business plans will be considered on the basis of robustness of the idea & Passion for entrepreneurship.
Vijay Raghavan, CEO, Viridian Ventures, said, “The contest is designed to encourage entrepreneurs in seed, startup and early growth stages of business. The objective is to develop entrepreneurship, leveraging a wide network of resources, high-quality mentorship, management grooming and potential investor network. The contest shall leverage startups with valuable public and media exposure.”
Startups can submit their business ideas through online registration at big-bplan.com. On the spot participation is available from Jan 11-13 at the Viridian Group stall at the summit. Participants can present a 10 min pitch to the panel and be eligible for On the Spot Prizes. Qualifiers in this round are eligible for the subsequent rounds.
The idea along with a business plan needs to be submitted. After review, a presentation date will be announced wherein all selected participants will present their plans in a structured 20 minute format.
An eminent jury shall review the completed applications & presentations and announce winners. Eventual prizes shall be announced for one winner and one runner-up from each category. One overall winner and runner up shall also be announced.
The prizes include:
- 12 on the spot awards (for participants presenting a 10 min pitch at the Vibrant Gujarat Summit) with cash prizes upto INR 30,000/- each.
- Participants not presenting the venue are not eligible for the on the spot awards. However, they can still participate in the subsequent round/s.
- Grand Finale Awards amounting upto INR 25 Lakh for best business plans across Ideation stage and Early start up categories.
- Special ‘On The Spot’ and ‘Grand Finale’ Awards for Women Entrepreneurs & Grass root level Entrepreneurs.
- Equity participation of upto INR 1 Cr. for best business plan!
The Viridian Group is engaged in diverse activities across investment and development related ecosystems, and has been widely recognized for its innovation and transformational impact. With offices in Singapore, New Delhi, Mumbai and Ahmedabad, the Group presently consists of over 250 professionals across the development, manufacturing, investment management and advisory functions. The Group comprises independent and diversified businesses, and has significant strengths in the fund management and real estate development space, in addition to other ventures in the financial services and venture capital segments. The Group leverages on its distinctive capabilities of deal origination, efficient capital structuring and a strong execution focus, to deliver long-term capital appreciation with compelling exit multiples. The Group is currently making a series of investments with a view to incubate business ventures across the knowledge, material and delivery ecosystems.
It is a Venture Catalyst with a stated objective of enabling ideas and supporting entrepreneurs build successful businesses. It provides services across the full spectrum of entrepreneurship development including incubation, acceleration, mentorship, infrastructure support, catalyzing capital, investor relations, exit support etc. Viridian Ventures is working with some of the best known names globally to develop a vibrant venture eco system in India.
IL&FS Urban Infrastructure Managers Ltd
It provides professional asset management services to financial institutions including commercial Banks. At present it is engaged in facilitating commercial market credit for creation of urban infrastructure and managing such loan assets over the tenor of the credit.
The company is managing an innovative urban infrastructure finance facility by name Pooled Municipal Debt Obligation Facility (PMDOF). The corpus of the Facility is INR 2750 Cr. (USD 688 Mn).