Hello All,
So as expected we are here with the review of our latest event “Business Plan Competition”.
All in all it was really a great attempt from all of the participants. They all have really tight schedule here in DIGICorp and still they were able to prepare for the event which is an achievement in itself 
. I will describe the ideas and teams one by one here.
1) Asmita and Team (www.rougsr.com)
Idea: Social Networking Portal (not a website) with Google Earth integrated.
The idea really fascinated me as even though I read too many startup reporting blogs everyday for example Techcrunch, GigaOm etc I never came across similar concept. They were proposing to have Google Earth in the center of Social Networking. So people can find their friends and relatives based on locations from google earth. They wanted to have RSS feeds of various news and other sites to be integrated in their portal so that users just don’t leave their website .
There were some glitches here and there about the revenue and business model but they could have done it much better if had given some more time. This is my personal best from the competition.
2) Supriya and Team (Domestic Helpp)
Idea: Run a professional company dealing in providing Domestic Help to people of Ahmedabad.
They planned to have a company which can provide maids, cooks and babysitters to middle class, upper middle class and rich class of the society especially where Husband and Wife both are working. This is quite workable because even though labor is cheap here you don’t get them easily. By professionalizing it they can serve the needs of society very well. They followed the structure in presenting their idea and presented it quite well.
Again still there were some glitches in recruitment part of the resources in presentation but they managed to come out as a winner . Congratulations to them and their prize is waiting for them today.
3) Nitin and Team (Evalueserve)
Idea: to build a KPO which can serve needs of 2D animations, business presentations etc of todays’ world.
I can describe this team in one word “Confidence”. They were presenting as if they are already doing a business. Although I did not agree with them in many of their points they did it really good to entertain the crowd. They plan to provide knowledge based services in the field of animation and other services to the world. They were thinking of this idea for the last 2 years and they had presentation which said “2005″ in the footer. (ha ha ha)
They were the runners up. Congratulations to all of them for their great effort.
4) Aalap and Team (Biofuel)
Idea: To produce biofuel with the help of Jatropha plantations.
Hot upcoming business in this part of the world at least. They showed quite a character to start the presentation. But one mistake they did was by not following the structure. They had good knowledge of Jatropha plantations and biofuel etc but were not clear on how much plantations they need to run a successful business. There were also questions on their returns at the end of presentation but I think there was something missing in showing the returns because as far as I know Jatropha do provide high return on investment (at least at this moment)
5) Hiral Shah and Team (Telephonic Products)
Idea: To come up with various value added services for the Mobile market.
They planned to have online recharge facility of all the service providers at one place. They planned to provide Bulk SMSing software and customization for the corporate need. They planned to have various customization for the EPBX system. All in all they presented it well and with confidence but again revenue model was not clear. Their financial document was missing and Rekha handled it really well. Congratulations to her.
6) Mitul and Team (Isabgul)
Idea: Export an age old herbal medicine called “Isabgul” used for mainly digestive purpose.
We all know the good things about Isabgul and the effects it can have 
but we did not know that export of Isabgul is HUGE. This team showed us just that and the figures were quite impressive. But again when you enter such a crowded place you need to have something different in your sleeves. They lacked just that and a proper business model. Presentation was quite bulky so they just had to skip few slides which is not a good practice. This was a business plan requiring good amount of investment. Congratulations to all of them for thinking big.
So do let us know how did you find this competition and your thoughts about the ideas presented. Looking forward to your comments.
Crowd looks happy
Regards,
Abhishek
Hi
The event was really great and i personally had fun in preparation & presentation too. And i would like to mention that my favorite was that of Rupali & Asmita’s plan. It would have been better if they would have worked more.
Anyways thank u sooo much to Digi-Corp (specailly Abhishek)for organising this event.
Supriya Agnihotri
Designer
Digi-Corp Information Systems
let’s start business now !!!!!