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INDIAFRICA Business Plan Writing Contest 2013

INDIAFRICA Business Plan Writing Contest 2013

Are you below the age of 30 years and have a business or a social venture idea that can create value and provide an impetus to the industry or social sector in India and Africa? Then participate in this writing contest and stand a chance to win an attractive prize and get recognized on an international platform.

ThemeIndiAfrica Writing Contest

Entrepreneurial Solutions to Address Developmental Challenges

Organizer

IndiAfrica

Prizes

  • 18 cash prizes of INR 50000** each
  • Top 8 teams to participate in the finals to be held at WITS Business School, Johannesburg on Thursday, May 16
  • Leaders of the top ranked African and Indian teams to travel to Davos in January 2014 for an interactive session with Indian and African CEOs and global media on the sidelines of the World Economic Forum Annual Meeting

** Subject to Govt of India Tax Rules which currently stipulate a Tax Deduction at Source (TDS) @ 30.9% of prize money. Disbursal of prize money may take up to 12 weeks after announcement.

Deadline

14 March 2013

Guidelines

  • The business writing contest is open to all African and Indian citizens under the age of 35 years.
  • Your business venture/plan should focus on any of the following sectors:

#Creative Industry

#Cultural Industry

#Education

#Energy

#Food, Nutrition & Agriculture

#Healthcare

#Skill Development

#Water

#Financial Inclusion

  • Some important dates in the writing contest are:

#Friday, March 01: Announcement of the Grand Jury Panel for the May 16 finals

#Thursday, March 14: Last date for submission of Executive Summary and Full Business Plan

Thursday, April 11: Announcement of top 18 teams

Monday, April 15 to Sunday, May 05: Mentoring of top 8 teams in preparation for the finals

Thursday, May 16: Final presentations by top 8 teams at WITS Business School, Johannesburg

  • Submitted ventures should plan to be financially sustainable and/or profitable; self sufficiency on earned revenue will be a key criterion for evaluation.
  • Submitted ventures must be scalable in the long term. Scalability will take into account the potential for growth of the business, both financially and in its social impact.
  • Operational “early stage” ventures should not have been in operation for more than 3 years (with the start of the venture marked by first income or first patent, whichever occurred earlier) as of April 10, 2013.
  • Submitted ventures cannot be wholly owned subsidiaries of existing entities (either for profit or non-profit)
  • The business plan must include a financial analysis as well as a Social Impact Assessment (SIA) which includes DEFINITION of the Social Value Proposition; QUANTIFICATION of the top three social indicators; and MONETIZATION or Social Return on Investment (SROI) analysis.
  • Those unsure of their idea’s eligibility must contact the Organizing Committee for clarification.
  • Your team must include an undergraduate student or a graduate student (current or within three years of graduation as of December 31, 2012) from any masters-level or post-graduate higher education program in any area of study in the world; the student must be actively involved in the venture (i.e., actively participating in development of the business plan or actively working on the business).
  • Your team should include a statement in the business plan describing the graduate student/recent graduate’s level of involvement.
  • The student or recent graduate must be the plan’s presenter (and must be available to answer judges’ questions regarding the business) in the final round of the competition.
  • Teams are strongly encouraged to include at least one seasoned entrepreneur or professional with relevant skills and experience.
  • Teams can have up to 4 members.
  • Send a separate Executive Summary not exceeding 4 pages plus 1 cover page.
  • Times New Roman, 12 point, 1” margins all around, A-4 page. Name your file as: project name, team leader, school and Exec. Summary eg: columbus_arnold_WITS_ExecSummary
  • Submission to be done only as .PDF
  • Full Business Plan not to exceed 20 pages plus 4-6 pages of appendices and 1 cover page.
  • Convert all financial numbers to USD and use metric number system.
  • Bring all the excel sheets into the word document
  • Have a cover page, table of contents, page numbers
  • Name your file as: project name, team leader, school and BizPlan
  • eg: columbus_arnold_WITS_BizPlan
  • See other very important details about the writing contest here.
  • The entry should be submitted to business@indiafrica.in latest by 14 March 2013, 2300 hrs IST.

Inquiries

Got a query? Send it to contact@indiafrica.in

Announcer

This Business Writing Contest is formatted using Naija Writers’ Coach Posting Format. If you republish this on your website, please provide a link to this post.

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About Muhammed Abdullahi Tosin

Writer. Difference Maker. Entrepreneur. Author, Your Right To Write & Vertical Writing. Winner, 11 Writing Prizes.

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