Young entrepreneurs present their big ideas

A dream is reality on a blank canvas. What you achieve depends on how big you dream? With this passion and resolve, two ambitious and creative minds — Reena Banerjee and Nidhi Bansal — set out to do something unique.



by

Muaz Shabandri

Published: Tue 2 Nov 2010, 9:37 PM

Last updated: Mon 6 Apr 2015, 3:08 AM

The duo wanted to provide a platform for young entrepreneurs to pursue their dreams and make them a reality.

“It is often that outstanding ideas do not come to life due to lack of resources and the support needed for them to flourish. We at Big Idea provide the platform for students to bring their ideas to life,” said an upbeat Reena Banerjee before the start of the ‘Big Idea Challenge’.

The competition, a unique test of entrepreneurial skills and business acumen, brought together students from 15 universities as they presented their business plans to a judging panel.

The competition is structured to provide students with an exposure to the entrepreneurial community, adds Reena Banerjee, co-founder of Big Idea.

Murtaza Bakir and his team from the S.P. Jain Center of Management in Dubai presented a unique business plan to set up a highway help service for motorists in India. Their innovative concept plans to offer onsite help for vehicle breakdown on highways across India.

“There is no highway support facility in India and our business plan really presents a big scope for people willing to invest,” said Murtaza.

Encouraging more universities to host entrepreneurship competitions, Murtaza said, “Students bring a lot of ideas and many of them hold the potential to be successful entrepreneurs. All they need is a proper platform to present their ideas and receive feedback from experts.”

Carole Spiers provided the keynote address under the theme ‘Release the entrepreneur in you’.

“Whether you’re a student, an employee or an employer, you can replicate the success of high-profile, successful businessmen and women. It’s all a matter of self-belief, innovation, tenacity and strategy plus the right attitude and mindset,” said Carole Spiers, who has also authored several books on success and entrepreneurship.

Big Idea has partnered with Tandem Partners to set up an Incubation Lab where the shortlisted ideas will be mentored, guided and simulated to make it robust and financially viable before being presented to industry-specific venture capitalists.

muaz@khaleejtimes.com


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