Ideathone 4.0

https://kalingauniversity.ac.in/ideathon4.0/

Kalinga University seeks to nurture creativity and entrepreneurial skills amongst early- stage entrepreneurs. IDEATHON4.0 is a platform for university and college students across the globe to develop their business ideas and compete for the opportunity to win cash prizes and certification. Kalinga University helps you to bring your idea from concept to pitch.

Vision: IDEATHON 4.0 aims to develop start-ups for creating a successful start-up vibrant and inclusive society.

Mission: To inspire students to adopt entrepreneurial endeavours to develop their innovation work on profitable and socially responsible projects and adhere to high ethical standards.

Who Can Participate in IDEATHON 4.0?

The Students of Colleges/Universities (UG PG and Research Scholars) across the globe can participate.

Themes

•   Digital Finance Social Banking and Micro Finance.
•   Smart Lifestyle & Sustainable Development.
•   Food Agriculture and Rural Development.
•   Environmental Issues Waste Management Clean Energy & Alternate Fuel.
•   Swachhata Initiatives Health Care Hygiene.
•   Smart Transportation and Traffic Management Smart City and Urban Development.
•   Scientific and Technological Developments.
•   Education and Online Teaching-Learning System.
•   Hospitality Travel and Tourism.
•   E-Governance E-Commerce and Digital Marketing.
•   Robotics IoT ICT Cyber Security Systems Blockchain Cognitive Computing AI and ML.
•   Any Other Area Like Fashion Art Entertainment Retail Etc. (Please Specify)

How to apply

Note -

 Accommodation facility is available on a chargeable basis: INR 1800/- for 2 days inclusive of food (Air-cooled room for 4 students 3 meals per day & other amenities).

Fill out your details and register yourself to participate in IDEATHON 4.0.

Registration fee has to be paid by using the QR Code and Accounts details in the registration form.

• • Indian Participants: INR 699/- (per team)
• • International Participants: USD 10 (per team)

In Round 1

The individuals/teams have to register themselves through the registration link after making the payment of INR 699/- OR USD 10. All registered individuals/teams will share their Business Plan in the PDF format (maximum 20 pages). The email address for submitting the plan: ideathon@kalingauniversity.ac.in.

The Business Plan to be made as per the given template.

A Panel will screen the submitted Business ideas and will choose the finest ones for the second round.

In Round 2

All selected individuals/teams have to present their detailed business plan in front of the panel members.

Note:

➔ Maximum presentation time: 15 Minutes per team

➔ Maximum No of members in a team: 5

Panel will decide the best business plan. The winners of Round 2 will receive cash prizes and the best ideas as deemed by the panel will also receive Incubation opportunities from Kalinga University Naya Raipur.

Business Plan Template

Here is a basic template that any team can use when developing its business plan:

Section 1: Executive Summary

•    Basic introduction of the company.
•   Present the company's mission and vision.
•   Describe the company's product and/or service offerings.
•   Give a summary of the target market and its demographics.
•   Summarize the industry competition and how the company will capture a share of the available market.
•   Give a summary of the operational plan such as inventory office labour and equipment requirements.
•   Describe the technological adoption and IPR issues.

Section 2: Industry Overview

•   Facts explaining present industry scenarios.
•   Describe the company's position in the industry.
•   Describe the existing competition and the major players in the industry.
•   Provide information about the industry that the business will operate in estimated revenues industry trends & government influences.

Section 3: Market Analysis And Competition

•   Define your target market their needs and their geographical location.
•   Describe the size of the market the units of the company's products that potential customers may buy and the market changes that may occur due to overall economic changes.
•   Give an overview of the estimated sales volume vis-à-vis what competitors sell.
•   Give a plan on how the company plans to combat the existing competition to gain and retain market share.
•   Conduct a SWOT analysis.

Section 4: Sales And Marketing Plan

•   Describe the products that the company will offer for sale and its unique selling proposition.
•   List the different advertising platforms that the business will use to get its message to customers.
•   Describe how the business plans to price its products in a way that allows it to make a profit.
•   Give details on how the company's products will be distributed to the target market and the shipping method.
•   Explain the major bottlenecks the company will face and how the company plans to overcome them.

Section 5: Management Plan

•   Describe the organisational structure of the company.
•   List the owners of the company and their ownership percentages.
•   List the key executives their roles and remuneration.
•   List any internal and external professionals that the company plans to hire and how they will be compensated.
•   Include a list of the members of the advisory board if available.
•   Mention the major highlights of the company's HR policy.

Section 6: Operating Plan

•   Describe the location of the business including office and warehouse requirements.
•   Describe the labour requirement of the company. Outline the number of staff that the company needs their roles skills training needed and employee tenures (Full-time or part-time).
•   Describe the manufacturing process and the time it will take to produce one unit of a product.
•   Describe the equipment and machinery requirements and if the company will lease or purchase equipment and machinery and the related costs that the company estimates it will incur.
•   Provide a list of raw material requirements how they will be sourced and the main suppliers that will supply the required inputs.

Section 7: Financial Plan

College/University Students (UG PG and Research Scholars)

•   Describe the financial projections of the company by including the projected income statement projected cash flow statement and the balance sheet projection.
•   Fundraising from Venture Capitalists etc.
•   Details of loans/debt and sources.

Section 8: Appendices And Exhibits (optional)

•   Quotes of building and machinery leases.
•   Proposed office and warehouse plan.
•   Market research and a summary of the target market.
•   Credit information of the owners.
•   List of products and/or services.
•   Sources and Uses of Funds.

List of Reputed Institutions Who Participated:

IIT BHU, IIT Guwahati, IISR, SRM, IIT Pune, University Of Madras, La Trobe University Melbourne Australia

Cash rewards

• Winning Team : INR 25000/-
• First Runner-Up INR 15000/-
• Second Runner-Up INR 10000/-
• Third Runner-Up INR 5000/-

Important dates

• Round 1 Registration Start Date: 04/09/2024 | Closing Date: 15/10/2024 
• Last Date for Submission of Business Ideas: 04/11/2024 
• Announcement of Shortlisted Teams: 15/11/2024 
• Presentation of Business Plan (Online/Offline): 22/11/2024 & 23/11/2024 
• Result Announcement: 23/11/2024

*Terms & Conditions: The teams should get a minimum score of 50% to be eligible for the reward.