Raisoni Group in association with CIIE (Centre for Innovation Incubation and Entrepreneurship) of IIM Ahmedabad and Pmanifold introduces 'R-Idea.' This national level competition is an ace business plan hunt with an objective to harness entrepreneurship and business planning skills within B-school students. Raisoni Group, CIIE IIMA and Pmanifold came together on one platform to propose a once in a lifetime opportunity to the B-school students with their R-idea initiative. R Idea is an out of classroom program that has listed growing sectors in India as categories for business plans (B- Plans) such as Agri business, Go Green/ Clean Technology, Information Technology, Education, Health Care & Hospitality and Social Business.
A Three month process is designed to benefit every participant. The Entry level elevator pitch received will be filtered by a review committee on various parameters like USP, strategy, practicality and time management. Short listed participants will receive mentorship from CIIE IIMA. P Manifold, a Business Solutions Company, will prepare due diligence reports for filtered B-Plans. Selected pitches that make it for the semi final round will detail their business plans and submit it for the finale round. Pranay Gupta, Joint CEO, IIM Ahemdabad – CIIE commented saying, 'Business in reality differs from bookish knowledge plans. This programme will help each participant to travel progressively from their classroom confined power point presentations to execution for survival and profits.'
Addressing the media, Siddharth Raisoni, Group Director, Raisoni Group of Institutions said, 'This R idea B- Plan hunt will test the mettle of aspiring businessmen who are currently undertaking various business lessons from courses like MBA and Bachelor of Business Management. The service sectors in India that majorly contributes to India's GDP (Gross Development Product) require seasoned entrepreneurs. Sustained businesses in these sectors will create better employment opportunities. With our knowledge and incubation partner, we will select the best business plan submitted by the students and showcase it to the investors.' This is the first year of 'R-Idea' as a national level event for B-School students across India. Prominent names from the corporate world are associated in the B-Plan hunt like Angel Investment Partners, PManifold, Management Consultant Company is the knowledge partner and CIIE of IIM Ahmedabad is sealed as the Incubation Partner. The event will announce winners on February 2011. Three best B-Plans winners will be awarded a six figure cash prize.