Last Date Extended for Business Plan Competition 2025 at Allahabad University

Last Date Extended for Business Plan Competition 2025 at Allahabad University

Students Get More Time to Submit Their Innovative Business Ideas

Allahabad, January 2025 – The Navakalpana Innovation and Entrepreneurship Foundation, Incubation Centre, University of Allahabad, has announced an extension of the deadline for its prestigious Business Plan Competition 2025. The new deadline for submission is now February 5, 2025, allowing students additional time to refine and submit their business proposals.

The Patron of the Incubation Centre, University of Allahabad, is Prof. Sangita Srivastava, the Hon'ble Chancellor of the University of Allahabad. Under her leadership, the university has been actively promoting innovation, research, and entrepreneurship among students. Her vision emphasizes fostering a strong entrepreneurial ecosystem that empowers young minds to develop innovative business solutions and contribute to economic growth. Through initiatives like the Business Plan Competition 2025, she continues to encourage students to explore new opportunities in startups and entrepreneurship.

Encouraging Innovation and Entrepreneurship

The competition, titled “Kaun Banega Entrepreneur?”, aims to encourage innovative business ideas among the students of the University of Allahabad. It provides a platform for aspiring entrepreneurs to showcase their creativity, strategic thinking, and problem-solving skills.

Updated Timeline of Events

January 8, 2025 – Opening of the Competition

February 5, 2025 – Extended Deadline for Applications

February 8, 2025 – Announcement of Finalist Teams

February 18, 2025 – Pitching Round and Announcement of Winning Teams

The Business Plan Competition 2025 at the University of Allahabad, organized by the Navakalpana Innovation and Entrepreneurship Foundation, has updated its timeline to accommodate more participants. The competition officially opened on January 8, 2025, and the deadline for applications has now been extended to February 5, 2025. The finalist teams will be announced on February 8, 2025, followed by the pitching round and declaration of winning teams on February 18, 2025. This extension provides students with additional time to refine their business ideas and participate in this prestigious entrepreneurial challenge.

Support and Recognition

The competition is being supported by BMS Organic Farmer Producer Company Ltd., highlighting the importance of sustainable and impactful business solutions. Winners will receive recognition, mentorship, and opportunities to further develop their business ideas.

How to Apply?

Students interested in participating can scan the QR code provided in the competition poster or visit the official link: https://docs.google.com/forms/d/e/1FAIpQLSe3UQlCA62XWTYEm3TVGYanZwdF8bRtIGGFVFreI6lV30LIjw/viewform for more details.

With this extension, students now have extra time to fine-tune their ideas and put forward the best possible business plan. The University encourages all eligible students to take advantage of this opportunity and participate in shaping the future of entrepreneurship.

The Navakalpana Innovation and Entrepreneurship Foundation (NIEF) is the Incubation Centre of the University of Allahabad, dedicated to fostering innovation, entrepreneurship, and startup development among students and researchers. It serves as a platform for aspiring entrepreneurs by providing mentorship, funding opportunities, and industry connections to transform innovative ideas into successful ventures.

Key Objectives of NIEF:

Startup Incubation: Supporting early-stage startups with resources, networking, and guidance.

Entrepreneurial Skill Development: Organizing workshops, training programs, and business competitions.

Industry Collaboration: Partnering with organizations, investors, and industry experts for real-world exposure.

Funding and Grants: Helping startups access financial support through various government and private schemes.

The foundation plays a crucial role in promoting innovation-driven entrepreneurship within the university, empowering students to become job creators rather than job seekers.

Incubation Centre, University of Allahabad

The Incubation Centre at the University of Allahabad operates under the Navakalpana Innovation and Entrepreneurship Foundation (NIEF) and serves as a hub for fostering innovation, entrepreneurship, and start-up culture among students and researchers. Established with the vision of promoting self-reliance and economic growth, the Incubation Centre provides resources, mentorship, and financial support to budding entrepreneurs.

Objectives and Functions

Encouraging Startups: The centre nurtures innovative business ideas, transforming them into viable enterprises.

Mentorship and Guidance: Experts and industry professionals guide students in business development, strategy, and execution.

Funding and Support: The centre facilitates access to funding, grants, and seed capital for promising startups.

Workshops and Training: Regular workshops, seminars, and skill development programs are organized to enhance entrepreneurial capabilities.

Networking Opportunities: Collaboration with industry leaders, investors, and academic institutions to provide a robust support system.

Key Initiatives

One of its flagship programs is the Business Plan Competition, which provides students with a platform to present their innovative business ideas, receive mentorship, and gain exposure in the entrepreneurial ecosystem.

Impact and Vision

The Incubation Centre at Allahabad University envisions creating a strong entrepreneurial ecosystem that empowers students to contribute to economic and technological advancements. By bridging the gap between academia and industry, it aims to make students job creators rather than job seekers.