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    Bizzest R&R Final

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    naikbhakti02
    Bizzest 2023 is a management fest organized by LJ's Integrated MBA to allow student teams to pitch business ideas, bid on stalls in a mock auction, and then showcase their ideas in a fun fair, with the event taking place over 3 rounds and phases from January 18th to 25th according to the guidelines and rules provided.

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    © All Rights Reserved
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    Bizzest R&R Final

    Uploaded by

    naikbhakti02
    14 views7 pages
    Bizzest 2023 is a management fest organized by LJ's Integrated MBA to allow student teams to pitch business ideas, bid on stalls in a mock auction, and then showcase their ideas in a fun fair, with the event taking place over 3 rounds and phases from January 18th to 25th according to the guidelines and rules provided.

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    Bizzest 2023 is a management fest organized by LJ's Integrated MBA to allow student teams to pitch business ideas, bid on stalls in a mock auction, and then showcase their ideas in a fun fair, with the event taking place over 3 rounds and phases from January 18th to 25th according to the guidelines and rules provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views7 pages

    Bizzest R&R Final

    Uploaded by

    naikbhakti02
    Bizzest 2023 is a management fest organized by LJ's Integrated MBA to allow student teams to pitch business ideas, bid on stalls in a mock auction, and then showcase their ideas in a fun fair, with the event taking place over 3 rounds and phases from January 18th to 25th according to the guidelines and rules provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    Presents

    RULES AND REGULATIONS


    ,,
    ABOUT THE EVENT
    BIZZEST 2023
    GREAT
    GOALS
    For the very first time, LJ’s Integrated MBA is
    organizing BIZZEST 2023. BIZZEST is a management
    fest with a twist of fun. It aims at covering all the key
    domains of management. Business ideas can be
    formulated from any inspiration at any time, may it
    be with your friends on a tissue paper in a café or may
    it be a binder of perfectly curated path to a successful
    business that you have been preparing since high
    school. The event will allow the participants to put
    their blueprints of ideas into motion. Our efforts are
    to make this event educational, realistic and fun at
    the same time by providing a solid platform for future
    managers and entrepreneurs.

    The event will be in 3 phases. The first phase will be a


    formal business pitch. Teams can select any product /
    service category from Food & Beverages,
    Entertainment, Fashion, Ecofriendly/Handicraft Art or
    any other of their choice. The best and most feasible
    idea will be taken forward. Next round will be a live
    auction, in which an auction will be held for the stalls.
    The third round will be a fun fair, where the selected
    business ideas will be given a chance to showcase
    and sell their products. They will showcase their
    products on a stall they bid.
    BASIC
    GUIDELINES
    1. Participants per team – 2-4 members.
    2. Teams must be from same batch (i.e., members must be
    from the same semester)
    3. Registration fees is Rs. 250 per team to be paid via QR.
    Team will have to pay registration fees from 10th Jan to
    16thJan 2023 before 3 pm at admin office (during college
    hours)
    4. One student can only participate in one team.
    5. No changes will be entertained after the registration
    process.
    6. Team will not be allowed to sell anything that is not pre-
    approved by the jury.
    Round 1: Pitch for a plan
    18th & 19th January 2023
    This is your time to shine. Pitch your startup idea and
    make sure it stands out. Substantiate that your pitch is
    flawless as everything from your market knowledge
    affiliated with your idea, to your creativity and
    efficiency.

    Rules:
    - Prepare a logo
    - Revenue model
    - How you can differentiate your product/service
    - Time to pitch – 4 minutes
    - Question and answers – 1 minute
    - Marks will be deducted if the time is extended.
    - Decision of the jury will be final. No clarifications will
    be given on the day.
    (If you need feedback on your pitch, you can contact the
    concerned faculty after 25th Jan)

    Evaluation criteria:
    - Time limit
    - Strategy
    - Uniqueness of product/service or value
    - Pitching skills
    - Answers to follow up questions
    Round 2: Buyout
    21st January 2023

    1. Two members from each team will represent their


    respective teams in auction.
    2. Auction will be based on three main categories of stalls
    (Premium, executive, and economy)
    3. Categories for products/services –
    • Food & beverages
    • Art/ Handicraft/ eco-friendly
    • Fashion
    • Entertainment
    • Others
    4. Once the bid is done, team will not be allowed to
    withdraw
    5. Decision of the judge will be final. No clarifications will
    be given.
    6. The payment of buyout will be in cash between 9 am – 12
    pm in the admin office on 23rd January 2023, Monday.
    7. If any team fails to do so, they will be disqualified.
    8. Please note that for safety purpose, Gas and Electrical
    Equipments are not allowed.
    Round 3: Business Mela
    25th January 2023

    1. The stalls will be set up from 8 am till 4 pm.


    2. No electric connection will be provided to the stalls.
    3. All the transactions will happen in form of Bizzest
    currency.
    Note: If found cheating or practicing unfair means, the
    team will be disqualified.
    Get in touch for any doubts or queries
    Shonit Aurora
    Event Lead
    9726407406
    Semester 8 - HR

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