Learning is not just theoretical but, is about training minds to think and apply the concepts in the real-world context. To enable this, we bring to you the "Dare to Innovate" project! The basic objective of this project is to make the learners think and explore for themselves at a global level by solving various problems at the local, national and international levels. India, with several fresh and innovative minds, is looking to be a global leader in research and innovation. We are committed to contributing to this national mission through the Dare to Innovate project. This will challenge you to apply your learnings from the entrepreneurship course to tackle a real problem.

You will be divided into teams and each team will submit its business plan in the submission link.

Description and rules:

• Learners will be grouped into teams of 7 students via random sampling.
• Learners will select from the following industries to create a novel business idea (product/service):
  • AI start-up companies
  • Environment or sustainable start-up companies
  • eCommerce start-up companies
  • Learning or EdTech start-up companies
  • Fintech start-up companies
  • Food start-up companies
  • Health start-up companies
  • Blockchain start-up companies
  • IoT start-up companies
  • Software and SaaS start-up companies
  • Transport start-up companies
  • Travel start-up companies

Your objective is to create a business plan with the template given below. Unlike the other projects until now, this project is of 70 marks. The plan will bethen evaluated based on the following pointers:

1. Problem or opportunity identification - 20 marks
2. Articulation of value proposition and solution offering [apply the learnings of Marketing Management and Consumer Behaviour] - 10 marks
3. Marketing plan and Most Viable Product [apply the learnings of Marketing Management I and II and Sales and Distribution Management] - 10 marks
4. Identification and mitigation of risks, challenges and constraints [PESTLE and Porter's Analysis] - 15 marks
5. Identify and create cash flow projections and identify the key assumptions behind them [apply the learnings of Financial and Managerial Accounting and other finance courses] - 15 marks

For better preparation for your project kindly refer to this link you will find all the necessary reading material and the template for submission.