The AeroSoft Corp Business Idea Competition has come up with the opportunity for the candidates (aged between 21-30 years ) to develop and present their business ideas while competing for bumper cash prizes and scholarship prizes.
Our Past winners have gone on to start successful companies and to compete for additional prize money in business plan competitions around the world. Our judges,
prominent members of the business community, include CEOs, entrepreneurs and investors.
Do you have the next BIG idea? Come swim with the sharks and enter the AeroSoft Business Idea Competition!
SCOPE
This competition is focused on the business concept and idea: the customer need, the entrepreneur’s solution, the competitive market, and the business model. Teams or
individuals are expected to submit a complete business plan,the investment opportunity, the results , time to be taken to set up the business , the entire business model.
ELIGIBILITY
Eligibility to compete in the 2013 Business Idea Competition is subject to the following criteria:
1. You may register as an Individual or as
Teams comprising of two to five members
2. All individuals or members of a team should be aged between 21-30 years only.
3. Prior year winners may compete, but not with the same or similar business idea.
4. Individuals/Teams may submit more than 1 entry. However, only 1 entry per team will be selected for advancement to the semi- finals.
Competition Schedule
Intent to Compete Form
Preliminary Submission Form
AeroSoft BusinessIdea Competition
Preliminary Submission
Team_________________
Please address each of the questions below
as fully as you are able within the space
provided.
1. Summary
a. Briefly describe your business idea. Who
is the customer? What is their need or
problem (their “job to be done”)? What is
your offering? How will it solve the
customer’s problem?
2. Who is Your Customer?
a. Who is the user? Who will use and benefit
from your offering?
b. Who is the economic buyer/ target
audience? Who will make the purchase
decision? Who will pay you?
c. How many buyers are there? How many in
the market area you can realistically
address?
3. What does the Customer Need or Want? What
is the Problem to be addressed?
a. What does the customer need or want? What
is the problem to be addressed?
b. Why is the problem important to the
customer? How do you know? How have you
validated the need?
c. How is the customer currently addressing
this problem? What are his/her alternatives?
d. Why is the problem important to the
economic buyer? How do you know? How have
you
validated the need?
4. What is Your Offering? How will you solve
the Customer’s Problem?
a. What type of offering is envisioned?
i.e., commodity, good, service, or
experience?
b. Name and describe it…
c. Sketch it… (attach a sketch of the
offering if appropriate)
d. Do you have any core, differentiating
technology or science? How will you protect
your
intellectual property?
e. Are there any legal or regulatory requirements to be addressed?
f. How will the user use your offering? Will
any special skills or training be required?
g. Why will the customer/economic buyer
choose your solution over the alternatives?
5. What is your Business Model?
a. What is your revenue model? How will you
get paid?
b. How will you deliver your
product/service? What channels will you use?
How will
the channel partners be compensated?
c. What activities will be required to
produce/deliver your product/service to the
customer? Which activities will be performed
in-house? Which will be outsourced
or performed by partners?
d. What are the key elements of your cost
structure? What costs will be incurred
increating, producing and delivering the
product/service to your customer?
6. Who are the People?
a. Who are the people involved in starting
this venture? Who is on your team?
b. What relevant knowledge and experience do
they bring to the table (technical skills,
domain knowledge, startup experience)?
c. What additional
knowledge/skills/experience will you have to
add to your team to successfully launch this
venture?
d. Who are your key advisors? What roles
will they play?
7. What will it take to get started?
a. What are the key tasks to be accomplished
in order to launch this venture? (Describe
each task and indicate total elapsed time in
week from start to launch.)
Task Description Weeks
1
2
3
4
5
6
7
8
9
10
b. What resources (funding) will be required
(just a rough estimate)? How will they be used?
Use of Funds Amount
1
2
3
4
5
6
7
8
9
TOTAL
Meet Our Sponsors
Thanks,
Surbhi Maheshwari [MBA Fin / Mktg ]
Manager Finance
On Line Assistence :
Gtalk : SurbhiM.AeroSoft@gmail.com
