COMMERCE WEEK

Entrepreneur in the Making – Business Plan Competition

Date: 3rd September,2024

The Commerce Department organized a dynamic and inspiring Business Plan Competition on 3rd September,2024 under the theme “Entrepreneur in the Making.” This competition was conceived to promote entrepreneurial spirit among  students and inspire them to develop innovative business ideas. The event aimed to encourage participants to create comprehensive business plans that could lead them on a path to become successful entrepreneurs. A total of 9 teams consisting of students from class XI and XII presented their business ideas on stage .Each team got the opportunity to showcase their entrepreneurial prowess and compete for top honors.

The competition was judged by a panel of 4 judges.They assessed the teams based on the following criteria:

1.Innovation: The uniqueness and creativity of the business concept.

2.Feasibility: The practicality and viability of the business plan in real-world scenarios.

3.Market Analysis: The depth and insightfulness of market research, as well as the understanding of target demographics.

4.Financial Viability: The soundness of financial projections, revenue models, and funding strategies.

5.Presentation Skills: The clarity, professionalism, and persuasiveness of the team’s presentation.

Winners:

After rigorous evaluations and thoughtful deliberations, the following teams emerged as the winners of the “Entrepreneur in the Making” Business Plan Competition:

1st Place:   Medimate Smart Box 

                  Advanced medicine management system designed for easy medication routines.

2nd Place:  Second place has been shared by 2 Teams

                  Bytecycle

                    E-waste with advanced solutions for collection, recycling, and refurbishment to drive sustainability.

                   Cyclone

                   Electricity generating cycle convert Mechanical energy into  usable electricity . 

3rd Place:  Tejvarta

                  Product that specializes in detecting and extinguishing fires. 

Ecombat: Inter House Economics debate

An inter house Economics debate was organised for classes 9 to 12 during the Commerce week. The objective of the competition was 

• To create awareness among  the students regarding the relevance and application of economics in all our actions and decisions including decisions taken by the government. 
• To enable them to comprehend the economic consequences of all our routine decisions.
• To help them analyse the pros and cons of various types of economic activities.

The topics of debate for the 4 classes were

• There were two participants from each house; one in favour of the motion and one against it, at each level making it a total of 32 participants across all classes and all four houses. However the opponents were picked on a random basis at the time of competition to make the debate more interesting and competitive.
• There were two rounds in the debate for each class: 

Round I: The two opponents had to express their views in favour of or against the motion for 3-4 minutes

Round II: The opponents had to engage in a rebuttal of each other’s arguments for 1 minute each.

The participants were judged on the basis of their 

1.  Content: How well researched the topic was
2.  Presentation: How well the participant was able to articulate his/her content
3.  Creativity: The uniqueness of content and value additions 
4.  Rebuttal: The accuracy and depth of counter arguments

All participants were very well prepared and competitive. It was really a well contested and an engaging event.