Scott Belsky once said, “it’s not about ideas. It’s about making ideas happen”.
To make an idea happen, people require a chance and a nudge of belief from people with expertise. Popular B School of Hyderabad, VJIM just did that by providing a platform to students with entrepreneurial bent of mind to showcase their start-up ideas at “Ignitron”.
Ignitron was part of a three-day event of MILAN 2023 where an inter college business plan competition was held. ‘Manifestation of dreams’ being the theme of the competition, where contestants had to come up with a business plan which is innovative as well as be a possible solution to a problem.
All the teams went through a preliminary round where they explained the basics of their business plan. By the end of the 1st round, 5 teams qualified for the final round. The final round was judged by Dr Zahoor Ullah, the Chief Innovation Officer and Incubation officer at Aleap We hub, and Mr Vijay Bawara, Senior director – of start-up innovation at T-hub.
Contestants created unique pitches on diverse topics and put their best foot forward while the judges brought in fresh perspectives and shared their insights. The one pitch that fascinated the judges was from the group Mangaa – the team that hailed from Manipur and presented a business plan that reflected the soul of Manipur and stood by the theme “manifestation of dreams”.
Every pitch seemed as interesting as the other. From the use of blockchain in food services, to websites that can help in the creation of apps, and use of A.I. in the creation of models for construction etc.
The final presentations ended up in a tie. The team from Manipur, led by Okram Diamond from VIMIT Collage, Manipur and team from VNRVJIT, led by Hruthik Kumar and Abhiram shared the title and won prize money of Rs. 30,000.
Contestants noted down recommendations and suggestions from the judges on the business plans.
“Ignitron at VJIM Hyderabad was an initiative to offer students with entrepreneurial mindset a platform where they can showcase their startup plans and get guidance from professionals towards strengthening their start-up ideas and get help in acquiring some seed funding too,” said Prof. Ch. Durga Prasad, Director at VJIM Hyderabad.
VJIM, one of the oldest and most popular Business Schools of Hyderabad offers a 2 year full time PGDM Program in Business Analytics, Human Resource management (HRM), Finance, Marketing, Operations Programme. Applications now open. The placements for 2021-23 batch of management students was completed successfully where more than 100 recruiters visited campus and 95% students were placed till Jan 2023. Top recruiters for the batch 2023 had been Adani Wilmar, Amul, EGON Life, Big Basket, Berger, City Union Bank, Deloitte, ICICI Prudential, Godrej, ICICI Bank among others.