Bengaluru / Dubai, August 11th: Kanara Entrepreneurs (KE), a not-for-profit, non-profit organization with offices in Bengaluru and Dubai, is running a national business plan competition to encourage young people from the community to try their hand at businesses and startups.
KE works with the Youth Council of the Catholic Bishops’ Conference of India (CBCI) to help community youth identify and pursue their passion in business.
“As parents and guardians, we all give our children a very good education, but when it comes to careers in entrepreneurship, we don’t support much,” says Pramod D’Souza, director at KE Bangalore. This competition is a small step towards a bigger goal of job creation in this country, he added.
P. Chetan Machado, Secretary – Youth Council, CBCI sees this as an opportunity for young people who are in college or recently graduated to come up with a start-up idea, write a business plan and take part in this competition.
Clarence Pereira, President – KE Bangalore and Co-Founder of the Deccan Group of Companies, hopes many youngsters will take advantage of this opportunity and submit innovative ideas / business plans. Ivan Fernandes, Chairman – KE Global, a serial entrepreneur with more than 30 years of experience building multiple startups, believes the startup ecosystem is very conducive to young people developing and implementing new ideas .
How can I participate?
Participants must fill out and submit a one-page business plan. The selection committee would select the top 20 teams based on the business plans presented. These twenty teams will have the opportunity to present their business plan to the jury in a conference call. The final five teams will then have the opportunity to present their plan to a live audience during KE’s bi-monthly entrepreneurship meeting in December, where around 200 entrepreneurs are expected.
50,000 prize money
The winners will receive a prize of 50,000 rupees and the runner-up will receive 25,000 rupees. The other 3 finalist teams will receive Rs 10,000. In addition, all team members of these 5 teams will receive a one-year KE Network membership worth Rs 10,620.
The deadline for submitting the business plan is September 30, 2021. KE is also organizing a webinar to help attendees create a one-page business plan, which is scheduled for August 26 at 8 p.m. Participants can find further details on this competition and webinar at https://keglobal.org/event/business-plan-competition-50k-prize-money/.