The Hatch, an accelerator, a multi-city incubator, and a pre-seed stage fund for high-potential start-ups in India, has announced a programme to assist entrepreneurship cells (e-cells) in colleges manage their business plan competitions more effectively. The goal of the programme is to provide value not just to the winners and finalists of college business plan competitions, but to provide structured feedback and mentoring support to all deserving participants.
A typical business plan competition in a college receives over a 100 entries. From these, only two to three winners get some prizes or benefits. However, from among the rest of the entries, there are quite a few whose business plans are raw, but have an underlying potential that can be sharpened through structured feedback, advice and active mentoring. This custom programme from The Hatch will help more entrepreneurs convert their ideas into businesses.
The Hatch will work closely with members of e-cells and will provide on-going and deep-engaged mentoring to all participants, not just to the winning few. It will mentor all deserving businesses. To make e-cell business plan contests more efficient, it will also share its business plan presentation templates, processes and parameters for evaluating business plans. It has already partnered with IIT Kanpur, IIT Roorkee, IIM Shillong, Punjab Engineering College (PEC), MDI and BITS Pilani for the programme