BZZWINGS

BZZWINGS2017

#KickStartAndFly

About the event

The 21st century is the century of ideas and their fruition, taking society and industry to greater heights. Does your idea have what it takes to be the next big thing that could shape the future of business? If yes, then we have the platform for you to launch yourself and get started on your path to glory. Colors Infinity in association with IIM Bangalore and NSRCEL brings to you Bzzwings, one of the largest B-Plan competitions of the year.


Format

The B-Plan competition will have three rounds as mentioned below:

Round-1: Pre-Eximius

  • Participants are required to make a 5-slide Elevator Pitch and a short video in which a team member explains the Business Plan. Refer to Submission Details tab for more information on formats, content and deadline.
  • Please upload all your submissions (Elevator Pitch & Video) on a Google or any other drive. Your team need to fill in the Google Form and share the downloadable URL of drive along with other details.
  • This is an elimination round and teams will be shortlisted by NSRCEL and will be invited to IIMB for the second round. The list of shortlisted teams will be released by second week of July, 2017.
  • Shortlisted teams will be given about a month’s time to refine their pitches.

Round-2: At IIMB Campus

  • The shortlisted teams will present their B-Plan to a distinguished panel. This will be followed by Q&A.
  • This is an elimination round and 6 teams will be shortlisted for the final round. These teams will be mentored by NSRCEL’s mentors and will be encouraged to develop their idea in the course of next one month.

Round-3: At IIMB Campus

  • The top six teams selected in the previous round will have to pitch their refined B-Plans in front of a distinguished panel of judges to compete for the cash awards for the winner and the runner-up.
  • Separately, in parallel, they will also pitch to NSRCEL’s screening committee for two separate offers of incubation at NSRCEL and equity funding to be declared later.

Rules

  • This competition is open to students pursuing undergraduate and postgraduate degree and to startups who are in the initial stages. The eligibility criteria below apply to all business plans entering the contest.
  • Teams applying should not have received venture capital financing for their business plan. However, teams which have received seed financing from non-venture capital sources such as Angel Investors totaling less than INR 50 Lakh are eligible. Teams must provide details of such funding at the time of entering the contest.
  • If the business or enterprise has already started up, it must have been in business for less than 3 years as of July 31, 2017. Ventures at an ideation stage may also apply.
  • Upto 3 team members from a startup team can represent their team at Bzzwings. Also, a member can be part of only one team.
  • A team can not submit more than one business plan.

Timeline

  • 7th July, 2017 (6:00 PM): Round 1 deadline – Last date for submission of B-Plan.
  • 20th July, 2017: Results of Round 1 to be released
  • 6th August, 2017: Pre-Final Round takes place at IIM Bangalore Campus. Results of Round 2 declared and top 6 teams qualify to Round 3 (Final Round)
  • Mid August- Mid September, 2017: Mentoring sessions for top 6 teams
  • September End, 2017: Final Round (Round 3) to be held at IIM Bangalore campus

Benefits

The top 2 teams identified by NSRCEL’s screening committee will get the following benefits:
  • Opportunity for incubation at NSRCEL along with equity funding to be declared later. NSRCEL’s standard terms and conditions will apply to the funding and incubation package.
  • Certificates of recognition
  • Coverage on IIM Bangalore’s online media channels.
The top 2 teams identified by an independent jury will get the following benefits:
  • Certificates of recognition
  • Coverage on IIM Bangalore’s online media channels.
The top 6 teams will get the following benefits:
  • Month long mentorship from NSRCEL, IIM Bangalore between round 2 and 3.
  • Certificates of recognition and goodies.

SUBMISSION GUIDLINES

Register your teams here

For submissions, teams need to make a sharable folder on Google or any other drive, and put their ppt./pdf and video on it. Then they need to share the link of the drive in the submission form.

Round 1 submission

Submissions to be sent on or before: 6:00 PM, 7th July, 2017

In case of any queries, please contact us at bzzwings@iimb.ernet.in


Elevator Pitch
  • Not more than 5-slides
  • First slide should contain information about the team & participants
  • The remaining 4 slides should contain at least the following:
    • Summary of the idea
    • Customer perspectives: Need-gap/Customer-pain areas
    • Market size
    • Value proposition / USP
    • Product/Service details
    • Revenue model and pricing
    • Sales and distribution model
    • Key competition
    • Financials
  • Submission format: PPT, PDF
  • Naming convention of file: _Presentation_Round1 _Bzzwings
Video
  • The video is only for conveying the idea better
  • It can even be shot even with a mobile camera
  • Duration of the video should not exceed 5 min
  • Submission formats: MP4, MPG, WMV, AVI
  • Naming convention of file: _Video_Round1 _Bzzwings
Deadline will not be extended under any circumstances

CONTACT

For any doubts regarding Bzzwings, please contact:

Ajinkya Domale
Pranjal Prateek