VIT- AP School of Business (VSB) and Technology Business Incubator -Innovation Incubation centre (TBI-IIC) held a two-day National Level Annual Business Plan competition on March 4 and 5 virtually. Ramesh Kaza, senior managing director, State Street Bank & Trust, Boston, USA was the chief guest. He said “Business plans play a vital role in strategies and the perfect execution of business with profitability and sustainability.”
Dr Raghavendra, associate dean-VSB said that a business plan can bring clarity to the decision-making process regarding key aspects of the business such as capital investments, leases, resourcing, etc. The valedictory programme was also graced by Dr S V Kota Reddy, vice-chancellor, VIT-AP, Dr C L V Sivakumar, registrar VIT-AP, Dr Y V Pavan Kumar, deputy director of TBI – IIC, Dr Vikas Mehra (VSB), professors, students and staff. Forty four teams competed and 15 got into the finals
The first prize winners were Team A squared members Anirudh Gupta, Anusha Priyadarshi of Indian Institute of Technology (ISM) Dhanbad, and won a prize of `1,00,000. The second prize winner, Searchyourspace, VIT-AP University, Andhra Pradesh won a prize of `50,000. Team members are Shaik Sameeruddin, MD Abdul Razzaq and Mohammed Suhail. The third prize winner, Hustlers, Guru Jambheshwar University of Science and Technology, Hisar won a cash prize of `25,000/- rupees. Members of the team are Ravi Sinhmar, Kirti Sharma. Special Mention: Sutul, VIT-AP University won `5,000. Team members are Sunil Kumar Singh, Atul Kumar Singh. Special Mention: Project Sankalp, Symbiosis Law School, NOIDA won `5,000. Team members are Shivam Sharma, Garima Mangla