TAP Business Plan Competition 2014

What is TAP?

TAP basically shows the noble association of two organizations for fostering of entrepreneurship amongst students of Punjab Technical University, Punjab

T for TiE (The Indus entrepreneurs) Punjab & Chandigarh Chapter

A for And

P for PTU (Punjab Technical University) Kapurthala

TAP Business Plan Competition 2014, is one of the few initiatives taken by PTU to encourage entrepreneurship amongst the new generation.

Apart from lectures, entrepreneurial development centers and various activates on entrepreneurship, this is a competition to encourage the students of Punjab / PTU and its affiliated colleges , so that the creative ability of students come out and they should stop running after the new trend of scoring high Packages in the companies. At PTU, it is believed that each and every student is a born entrepreneur and can do something of his/her own; to leverage this instinct of the student PTU in association with TIE Punjab and Chandigarh launched this business plan competition TAP Business Plan Competition 2014.

TIE AND PTU Business Plan Competition 2014 (TAP 2014) has received an excellent response, with 31 Business Plan entries, from varied fields like IT, Agro, automobiles, online education, hospitality, baby care, Robotics & electronics and communication. This shows the immense potential our students at PTU have, which is a very encouraging sign for the entrepreneurial eco-system of Punjab.

Based on a detailed evaluation, TiE has shortlisted 12 business plans. The names of the students, along with associated colleges are:

NAME OF SUMMARY	COLLEGE/INSTITUTE
1.BUDDING BEES	CHANDIGARH GROUP OF COLLEGES- LANDRAN
2.FARMATIC	RIMT-INSTITUTE ; GOBINDGARH
3.CODE LEARNING	SAHEED UDHAM SINGH – TANGORI
4.EPS2	SAHEED UDHAM SINGH – TANGORI
5.N-BOOKS	CHANDIGARH GROUP OF COLLEGES- LANDRAN
6.FEROBOTICS	RIMT-INSTITUTE ; GOBINDGARH
7.PIEZOPOWER	RIMT-INSTITUTE ; GOBINDGARH
8.BUSINESS CAFE	CHANDIGARH GROUP OF COLLEGES- LANDRAN
9.MOBITES	SAHEED UDHAM SINGH – TANGORI
10.ROLL-SPHERICAL WHEEL BIKE	RIMT-INSTITUTE ; GOBINDGARH
11.ACCIPRO	RIMT-INSTITUTE ; GOBINDGARH
12.SWASTH	UNIVERSAL GROUP-LALRU

The shortlisted teams have to submit a detailed presentation of their Business Plan as a Power Point Presentation (PPT), not exceeding 20 slides (inclusive of title slides). The PPT should have the following sections (suggested number of slides indicated in brackets): 

1. Introduction (1 slide)

2. Mission/Vision (1 slide)

3. Product/Process (1-2 slides)

4. Feasibility [Market size, Technical aspects, Manpower etc] (3-4 slides)

5. Marketing & Sales plan (3-4 slides)

6. Finance (funding) and profitability (3-4 slides)

7. Any other points (1-2 slides)

8. Concluding remarks (1 slide)

An independent Panel of Judges, appointed by TiE Chandigarh & Punjab will select 5 PPTs for the final competition. The criteria that would be used for short-listing of the finalist teams would be:

a.   Understanding of the market

b.   Uniqueness of the idea

c.   Vision explained elaborately in terms of execution

d.   Overall feasibility (Market, Technical & Financial)

Other than above, clarity of thought and professional quality of slides will also be given weightage.

In the final round, the finalist teams will give a presentation to a selected Panel of Judges in Chandigarh. The top 3 teams will be awarded the First, Second and Third prize comprising of cash awards of INR 50,000, 30,000 & 20,000 respectively. The awards will be presented at an Entrepreneurial Meet, which is planned to be conducted in Chandigarh in July, 2014.  

We, at PTU, look forward to your active contribution to make this initiative a great success which will encourage us to further work on creating a more robust entrepreneurial ecosystem for our PTU student fraternity.