Espire 2010 - Passion To Be An Entrepreneur

Top Quote Winners of Espire 2010 Announced. End Quote
  • (1888PressRelease) November 26, 2010 - India - The 3rd edition of the Pan India Business Plan Competition "Espire 2010 - Passion to be an Entrepreneur" organized by Loyola Institute of Business Administration along with The Indus Entrepreneurs (TiE) Chennai, Entrepreneurship Development Institute of India (EDI), Government of Tamil Nadu and National Entrepreneurship Network (NEN) comes to a close. The winners of the competition were announced and awarded in a gala ceremony at the Chennai Trade Centre, presided by Mr. Ajith Balakrishnan, CEO, Rediff.com.

    The winners were felicitated by Father P. Christie, Director, LIBA, Mr. Ramaraj, President, TiE, Chennai and Mr. Sudeep Jain, IAS, Special Officer, EDI, Govt of TN. The competition began course way back in September with the vision to search for the greatest talent in innovative business ideas. Over 475 applications from across the nation came in for evaluation. The competition encompassed a series of workshops to hone the prospective talents giving them the guidance to become successful business models.

    The competition comprised three tracks: Students, General Public and Social Entrepreneurship and progressed in four stages of evaluation: Evaluation of the Executive Summary, Evaluation of Business Plan, Evaluation during the Mock Investment Round and a Final Presentation in front of a panel of eminent Jury. For each of the stages, the organizers provided specific inputs and interventions so that the participants were able to conceive and present a winning plan.

    The jury for the final round comprises renowned Academicians, Entrepreneurs and Venture Capitalists.

    Winners:
    1) General Winner

    Team Name: REPORT BEE
    PROJECT CONCEPT: Visual Data Insights offer next generation smart report card for schools "Report Bee" that allows schools to track, monitor and analyze students overall activities and performance. Insights are provided in creative visual format for easy understanding and helps school meet the current trend of continuous evaluation.

    TEAM MEMBERS
    Anantharaman Mani
    NIT - Nagpur, IIM - Bangalore, Alumnus, Focused on product innovation, business strategy and development. Prior to Report Bee, Ananth was at Times of India, Cognizant and CTO of an e-learning company.
    Bala Ganesh
    NIT - Nagpur Alumnus Leads the operations and drives happiness in every corner of the business.
    Manu J
    IIT-M Alumnus, 5 years of real-world experience in building scalable high performance websites. Leads the technology division.

    2) Social Winner

    Team Name: CYCLE CHALAO
    PROJECT CONCEPT: Cycle Chalao! aims to promote Cycling in India by Adding Bike Sharing Systems to Mainstream Public Transportation to Curb Increasing Levels of Air and Noise Pollution along with empowering the citizens to travel in economical and eco-friendly way''.

    TEAM MEMBERS
    Rajkumar
    Human relation director - strategy setting, investor and employee relation, networking & fundraising,
    Jui
    Marketing and Business Development - social marketing & outreach, operations
    Jyotika
    Financial and Compliance management

    3) Student Winner
    Team Name: COASTAL SHIPPING
    PROJECT CONCEPT
    Shipping of loaded trucks on a roll-on-roll-off cargo ship
    What new benefits do you provide and/or what pain points are addressed?
    Cost savings of 49% compared to roadways and 24% compared to railways on fuel alone

    TEAM MEMBERS
    Berty Thomas
    Holds a Bachelor of Technology (Mechanical Engg), worked with Oracle Financial Services for 2yrs and is currently pursuing PGDM specializing in Marketing and HR Varun Mittal Has worked in Merchant Navy for 2yrs and is now pursuing PGDM and specializing in operations.

    Ravi Sundaram
    Has worked in Infosys Technologies and is Currently pursuing PGDM and specializing in Finance.
    Speaking on the occasion Father P. Christie, Director, LIBA said, "The impetus gained in this program is quite commendable and we have noticed a great zeal and spirit in the young people who undertook this tedious competition. There are also some brilliant ideas that we came across from these budding entrepreneurs - unusual and extra ordinary! We hope that soon the nation will witness an age of radical metamorphosis through innovation and creativity."

    Speaking on the occasion Mr. Ramaraj, President TiE, Chennai said, "I am happy with the great progress the Business Plan Competition has made in the last three years. Not only has the quality of the business plans - evident from the tremendous interest investors have expressed in these plans - but also the number of business plans have also gone up. This reflects a very important mindset change among students and general public towards taking entrepreneurship in a significant way. I am more than happy about the LIBA-TiE initiatives in enhancing the entrepreneurship ecosystem."

    Speaking on the occasion Mr. Sudeep Jain, IAS, Special Officer to the Entrepreneurship Development Institute said, "We innovated this year in the business plan competition several ways. We conducted several workshops and also included a Mock Investment Round. These steps have gone a long way in honing the generating interest in entrepreneurship and honing entrepreneurial skills. I am happy that so many young minds are ardently considering entrepreneurship as an alternative to employment and also happy that the competition is providing a tremendous platform for getting investment opportunities for their ideas."

    About LIBA

    LIBA, established in 1979, is a premier management institute known for its academic excellence and value-based education. It provides management education to both fresh graduates seeking world-class management education and also to those who are already employed and want to enhance their managerial skills. The Post Graduate Diploma in Management (full-time) is being offered since 1995. Both the part-time and the full-time PGDM programmes are approved by the AICTE and the full-time programme is recognized by the AIU as equivalent to the MBA degree of Indian Universities. LIBA also has collaborations with several Universities overseas and seeks to imbibe a global mindset in its students.

    Media Contact:
    Vinod Kumar,
    Ogilvy Public Relations Worldwide,
    Phone: +91 9840126179
    Email: vinod.kumar ( @ ) ogilvy dot com

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