TiE Launches “Khudee” Business Plan Competition

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When Babar reported the MIT Business Acceleration Program, there were a lot of us who lamented on the fact that the conditions set were not applicable to many startups or people who were thinking of coming on board the entrepreneur side.

Here is some good news for all.

The Indus Entrepreneurs (TiE) have launched their business plan competition. According to the details they are also going to give participants a week long workshop by Industry Seasoned Entrepreneurs. So if you had been thinking of showing your brilliant idea to someone or of judging the feasibility of it, this is a great chance for you. It will place you in a position to be evaluated by top entrepreneurs of the industry (The list of Mentors overlooking this program is really impressive and includes CEOs from leading IT companies such as Techlogix, Systems Ltd, Cressoft, and more). Important info about the competition (according to the website) is as follows:

Prizes are Rs. 500,000, Rs. 300,000 and Rs. 200,000 for first second and third position,

Deadline to submit executive summary – 7th October.

Here is the link to the actual web site;

http://www.businessplan.pk/index.html

Side note: I love the title of Khudee given to the competition. In light of that, here is the first verse of Iqbal’s Poetry for all you aspiring entrepreneurs… Khudi ko kar buland itna … (for our foreign visitors this translates into, Take your self to such a height…)

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  • I think the biggest prize of all will be the mentoring — such Rs.500,000 could set you up with a good camera, a server, a professionally design website or so…

    … but what you will learn from the experience you will likely remember for a long time.

  • i was waiting for this after all the comments on the MIT Business Acceleration Program

  • Great program. Mentoring & Entrepreneurship programs are both very strong elements in the TiE programs. Having said that I am told by participants of the MIT BAP Program that the mentoring element is extremely strong. So whereas you are right Osama about many of the startups not having a chance to even qualify for that, mid-sized companies are benefiting greatly from it. The TiE program will be of more benefit to young startups. I am delighted to see so much activity happening in this area. There is more to come by the way.

  • @Osama – Is it possible to have interviews with the participants of the MIT BAP Program? maybe you can start a new series just like you did for Uraan.

  • Wonderful idea Ali – in fact with the participants of both programs.

  • Ali, that’s a great idea… I’ll have to track down some of the participants (anyone with leads pls introduce them to me) and then we could work with you guys to make it happen.

    Jehan, more to come? Sounds great, but we dont even get a teaser? Youtube video? Hype?

  • Osama, I can get you a list of participants. Give me a couple of days.

    You will have to wait a bit for the teaser regarding what more is on the way.

  • That’s great Jehan, lets get cracking on this.

    We could discuss the “whats more” area offline — maybe there are ways in which we can support those efforts or get involved.

    P.S. isn’t the power of blogs and communities amazing?

  • Great news. I’ve been interacting with TiE in the US for a while. Over there TiE is mainly an Indian group and OPEN is the Pakistani counterpart. From the description of the TiE Lahore chapter, I am glad to see that TiE is working as a group with broad and solid base in Pakistan.

  • Shoaib Chaudhary

    May God Bless you all ! It’s a great opening for bright young minds in Pakistan. I was planing to start if my self. Let me know how I can contribute to your expand your effort.

    For First prize winner company I want to announce puchase of Laptops at discounted price from our company.

    COMPAK COMPUTERS

  • Shoaib Chaudhary

    May God Bless you all ! It’s a great opening for bright young minds in Pakistan. I was planing to start iT my self. Let me know how I can contribute to your expand your effort.

    For First prize winner company I want to announce puchase of Laptops at discounted price from our company.

    COMPAK COMPUTERS

  • I have had the privilege of attending such a program – the MIT Business Acceleration Program (mentioned above at a couple of places). And let me tell you, it has been an awesome experience! The sheer motivation and inspiration that you get from watching and listening to these industry leaders, the mentors, talk about what they have achieved, how they have gone about it etc. Also, the business networking opportunities that you gain are just invaluable. It was really really good … in fact, it IS good, as it’s still on-going.

    However, I do have a query/concern regarding such programs. Will your idea … your business plan … be safe? Would someone not extract your ideas and implement them on their own, or through someone they know? Yeh, I am a bit paranoid in this regard (I shouldn’t be).

    P.S. I just stumbled upon this site and am simply amazed by the quality and content here. Awesome! Never heard of G&W before though.

  • i just realized that the deadline is extended to 1st November

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