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Kalinga University organises Business Plan Competition: IDEATHON 2021

Raipur (The States. news) Kalinga University, Raipur is a well-known Educational Institute in Central India that focusses on quality education and research. The University believes in holistic development of the students and thus facilitates the students to enhance and develop practical skills, techniques, or ideas which they can use in their work or their daily lives. To take this endeavour ahead, the Kalinga University

Innovation and Incubation Centre (KUIIC) is going to organise IDEATHON Business Plan Competition 2021 that aims to nurture creativity and hone entrepreneurial skills amongst early- stage entrepreneurs. Through IDEATHON 2021, KUIIC envisions to provide a platform for school and college students to develop their business ideas and win cash prizes and certificates.

Dr. Monika Sethi Sharma, Director, KUIIC stated that IDEATHON is an open competition that is divided in two categories. In first category, students from standard 9th to 12th can participate and in the second category university students and research scholars can participate. Dr. Sethi also put forward that the winners in both the categories will be given a cash prize of 25000/-. The business ideas winning the second, third and fourth prizes in both the categories would be given a cash prize of 15000/- , 10000/- and 5,000/- respectively.

Students and research scholars from various schools and universities across the country have registered for the event and KUIIC aims to inspire students to adopt entrepreneurial endeavours to develop their innovation adhering to high ethical standards. IDEATHON Business Plan Competition prepares students to start a new business by developing a thorough written business plan for a new product or service. A business plan is an important step towards starting a new venture, as it allows entrepreneurs to analyse how their company will operate and brings together many areas of the business environment. By participating in this competition, students will gain experience by identifying business opportunities, developing a business model and writing a formal business plan.

The students submitted their plans after performing market research and feasibility analysis using primary and/or secondary data.

Kalinga University wishes all the participants of this event good luck for IDEATHON 2021.