Business Challenge

Unlock Your Entrepreneurial Potential: Join the Business Ideas Challenge!

Have a game-changing business idea? This is your chance to turn your vision into reality! Pitch your most innovative ideas, compete against the brightest minds, and stand a chance to win $$ to help kickstart your business journey.

Business and Entrepreneurship Track (BET) is thrilled to announce the launch of our Business Case & Idea Challenge, designed to discover and support business ideas within our Maheshwari community in North America! This is your chance to showcase your entrepreneurial spirit and turn your business dreams into reality.

Be Bold. Be Brilliant. Be the Next Big Success Story!

Don't miss out. Register now!

Competition Overview:

• Who Can Participate?: All members of our community are welcome to join, either individually or in teams. No prior business experience needed.

• What’s at Stake?: One winning idea will receive $$$ to help bring their business concept to life!

• How to Participate?: Submit your business idea following our guidelines and compete for a chance to win. Support and mentorship available.

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Key Dates:

• Aug 18-Aug 23: Registration Period

• Aug 20 - Aug 27: Business Idea Submission period

• Aug 28: Participants will be updated on the next round selection

• Aug 31: Sunday 5-6pm: Final presentation (round 2) at the convention

How to Register:

1. Visit https://docs.google.com/forms/d/1yCDGAbUx1--YJyZPYbSFXgylup6vzkUZ5LiqTEOz1Uk to fill out the online registration form.

2. Prepare your idea submission according to our provided template.

3. Submit your idea and business case.

What We’re Looking For:

• Feasibility: Practical and achievable business plans.

• Market Potential: Ideas with market demand and growth potential.

• Scalability: Concepts that can be expanded and scaled.

• Team Capability: Skills and expertise of the team members.

What You’ll Gain:

• Funding: $$$ to kickstart your business.

• Workshops: Access to workshops on business plan development, pitching skills, and more.

• Mentorship: Guidance from experienced mentors to refine your idea.

• Networking: Opportunities to connect with investors, industry experts, and potential partners.

• Post-Competition Support: Ongoing support and networking opportunities

Don’t miss this incredible opportunity to transform your business idea into a reality. Register now and take the first step towards entrepreneurial success!

Register at https://docs.google.com/forms/d/1yCDGAbUx1--YJyZPYbSFXgylup6vzkUZ5LiqTEOz1Uk. For more information contact us at bet.mmna@gmail.com.

Business Case Submission Template:

1. Idea Title:[Your Idea Title Here]

2. Brief Description of Your Idea (max 200 words):[Provide a concise summary of your business idea, highlighting the key aspects.]

3. Problem Statement:[Describe the specific problem your idea aims to solve.]

4. Proposed Solution:[Explain your solution and how it addresses the problem identified.]

5. Target Market:[Identify your target market, including demographics, needs, and potential market size.]

6. Business Model:[Detail how your idea will generate revenue. Include pricing strategies, sales channels, and revenue streams.]

7. Scalability:[Discuss the potential for growth and how your idea can be expanded or scaled.]

8. Team Capability:[Introduce your team members, their roles, and relevant skills or expertise that will help execute the idea.]

9. Competitive Analysis:[Analyze the competition and explain how your idea stands out in the market.]

10. Marketing Strategy:[Outline your plan to market and promote your business idea to reach your target audience.]

11. Financial Projections:[Provide basic financial projections for the first year, including expected revenue, expenses, and profit.]

12. Milestones and Timeline:[List key milestones and a timeline for achieving them, from idea development to market launch.]

13. Support Needed:[Detail any specific support or resources you need to bring your idea to life.]

14. Additional Information:[Include any other relevant information that strengthens your submission.]

Submission Instructions:

1. Complete all sections of the template.

2. Save your document as a PDF with the file name format: [Your Team Name]_BusinessIdea.pdf.

3. Email your completed submission to bet.mmna@gmail.com by submission deadline.

4. Ensure that your submission adheres to the guidelines provided.

Terms and Conditions

1. Eligibility

• The competition is open to all MMNA members, including individuals and teams.

• Participants must be at least 18 years old.

• Business ideas need to be new or inception state, existing businesses that have launched in the market are not eligible.

2. Registration

• Participants must register online through the official registration form by the specified deadline.

• Only one submission per individual or team is allowed.

• Teams must designate a team leader who will be the main point of contact.

3. Submission Requirements

• All submissions must be original ideas and the sole property of the participants.

• Submissions must follow the provided template and include all required sections.

• Ideas must not infringe on any intellectual property rights or contain any content that is unlawful, harmful, or otherwise objectionable.

4. Judging Criteria

• • • Submissions will be evaluated based feasibility, market potential, scalability, and team capability.

    • The judging panel’s decisions are final and not subject to appeal.

5. Confidentiality and Intellectual Property

• • • Participants retain ownership of their ideas

    • The organizers will take reasonable steps to ensure confidentiality but cannot guarantee complete protection of intellectual property. Although it is participants responsibility to decide what to share in the presentation and with wider audience.

Note: participants will sign a waiver that MMNA or BET team is not responsible for the exposure of ideas and information.

6. Awards and Funding

• • • Cash awards will be awarded only to business entries that are judged to be executable, if no entries are judged to be executable no cash awards will be awarded.

    • Winning ideas will receive $$$ each to support the development of their business.

7. Disqualification

• • • The organizers reserve the right to disqualify any participant or team that violates these terms and conditions or engages in unethical behavior.

    • Disqualification may result in forfeiture of any awards or funds.

8. Liability

• Participants agree to release the organizers from any liability related to the competition.

9. Amendments

• The organizers reserve the right to amend these terms and conditions at any time.

• Any changes will be communicated to participants in a timely manner.