The dreams of MITSOT student’s turned into a reality when Lenovo launched “Start Off as a CEO” National contest in association with MIT School of Telecom Management, Pune in January 2016 on MIT Campus.
A Group of four students took their first step as an entrepreneur. The Team submitted their plan as per the prescribed format by Lenovo. The Business plan focused and generated solution on E-Waste recycling. The manufacturing process recycles all the electronic waste and converts it into useable and useful products. The venture has great potential to boost the Indian economy and free mother earth from all the impurities.
The above Business Plan was shortlisted by Industry experts for the final presentation at IIT Bombay. Lenovo received 5000 entries from all over India and they selected the top 5 plans with a hit ratio of just one percent.
Lenovo made the arranged for stay of three consecutive days and provided all the necessary amenities to the 5 participants. The Groups were groomed by Industry Stalwarts and experienced professionals who key areas of Business plan like the Financial and market feasibility, etc. The event was attended by different companies and start-ups.
The students had to be precise in their presentation before the Jury. The Jury grilled the students on different business aspects like inspiration behind the initiative, market opportunities, the business model, resource equipment competitive benefits, etc. It was highly appreciated and applauded by the audience.
YourStory.com is India’s biggest and definitive platform for startups and entrepreneurs related stories, news, resources, research reports and analysis of the startup ecosystem. YourStory is going to publish the Video with details of the above business Plan on their portal very soon. (www.yourstory.com)