Flagship Business Plan Event of Confluence '08 at IIM-A Saw Participation from Top B-schools

Flagship Business Plan Event of Confluence '08 at IIM-A Saw Participation from Top B-schools

Masterplan, the flagship business plan event of the Confluence '08, has reached its culmination. 165 teams, 85 business plans, 7 finalists, and finally the team that has the best idea. The finalists are the crème de la crème of the country. With the teams from top institutions

such as IIM Ahmedabad, IIM Indore, XLRI Jamshedpur and ISB Hyderabad, the competition is intense. The Masterplan was conceived as an event which could provide a platform for country’s best students to unleash their entrepreneurial potential and help find the next big thing in Indian business.

Taking the initiative forward this year, the event has been sponsored by GSPC (Gujarat State Petroleum Corporation) which has developed into a 30,000 Crore company in just 10 years since its inception. GSPC is one of the country’s largest petroleum companies with presence is many fields of oil exploration, production and transport. The company has immensely contributed to the energy security of the state of Gujarat and has helped the state fulfill its potential.

Merging the theme of Confluence '08, wealth and the challenge of ensuring the energy security of the country, this year, the thrust of the competition has been of developing innovative business plans in the energy sector that can be implemented in Gujarat. The plans that were submitted had several innovative plans in the fields of renewable energy, energy transmission and production. The focus of the event is to identify business plans that can achieve scalability, sustainability and are economically sound.

Partnering GSPC and IIM-A in this quest is Avlon Consultancy, which is the knowledge partner for the event. The finalists will be presenting their plan to the panel of judges which comprises, Mr. D. Rajagopalan, Chairman, GSPC, Mr. Raj Nair, Chairman, Avlon, and Prof. Ramesh Bhatt of IIM-A. The 7 teams are competing for total prize money of Rs. 4.0 Lakh, which makes Masterplan India’s biggest business plan competition. The first, second and the third placed teams will be awarded Rs. 2.0 Lakh, Rs. 1.50 Lakh and Rs. 75,000 respectively. The results are expected to be announced on the 22nd November 2008.

Concluded.

* Contributed by -
Pratik Ved,
Secretary - Media Cell,
IIMA Confluence 2008,
Indian Institute of Management, Ahmedabad.

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