Mytrah hosts Inspiring Solution Business Plan Competition

Mytrah will host Inspiring Solution Business Plan Competition that calls for the best minds across the globe to present their entrepreneurial idea. The best idea will be provided with a seed fund of US$100,000 to set up their dream enterprise.

Participants can enter one of three categories – individual, start-up and team. The competition is open to people above the age of 18 from any vocation or nationality. All one needs to do is harness their lateral thinking, creativity and channelize energies into drafting a business plan around their idea. In line with the Mytrah’s philosophy, entries to Inspiring Solution should exude the qualities of being visionary, change catalysts, perceptive to the needs of others, open, innovative and giving.

“We are looking for thinkers, people who have courage, drive, passion, creativity and belief in themselves,” said Vikram Kailas, Managing Director, Mytrah. He further added, “Inspiring Solution competition provides an opportunity to make an elusive dream a concrete reality, which will create a ripple effect of positive change.”

The criteria for judging a business plan are threefold: The practicality of the solution being offered, the potential for running a business based on the solution, detailing and attention to financial projections, key metrics, marketing & sales strategies and understanding of market environment.

The finals of Inspiring Solution will be held on May 17th, 2014 in Hyderabad. The top three nominees will be provided with mentorship and guidance to set up their enterprise.