Introduction Centre for Innovation and Entrepreneurship (CIE) champions entrepreneurship at Great Lakes Institute of Management, Chennai through various activities, which include evangelising entrepreneurship through various campaigns, training programs, competitions, conferences, mentoring and incubation support - to students and alumni planning start-up ventures. Hyperion is a key competition in CiE calendar that culminates in the grand annual International Entrepreneurship Conference (IEC) event. Contest Walkthrough
All eligible teams (check eligibility section for more details) will submit their executive summaries and 12 most promising business models will be shortlisted for the league stage
In Round-2, 12 teams will join the 8 finalists of Oyster to form a total 20 teams, the GLIM internal business model competition, to submit their:
business model (using the Osterwalder template that will provided after shortlist)
Detailed action plan
A short 3 minute video of their business pitch
In Round-3, the top six teams from the semi-final stage will be shortlisted for the grand finale on 10th February 2016, and winners will be awarded at the IEC conference on 11th February 2016.To know more about the IEC Conference, https://www.facebook.com/Centre-for-Innovation-and-Entrepreunership-1503885 476493527/
This year we have decided to make the grand finale an exciting near-real-world experience for the finalists in the form of a business pitch with a difference. This exercise will be a multi-disciplinary test of one’s practical negotiation/bargaining, managerial, marketing and financial skills.
The qualifying 6 finalists will pitch in front of four panels - market/demand, vendors/supply, investors/finance and talent/HR – treating each of them as key stake-holders to buy into their proposition, in order to start a successful venture.
Data driven ideas will be given significant weightage. Therefore, make use of big data like the Census of India or other appropriate data sets and show the analytics done.
Each finalist team will thus need to go through a gruelling 4x30 minutes = 2 hour long processes to prove their worth!
Each of these simulation panels shall assign points to award the level of willing ness/commitment to the proposed business model and intensity of influence on the panel members. Innovation in approach to the panel members shall be duly acknowledged.
The objective here is to determine which team will be able to compete and start a venture successfully meeting the real world odds and unforeseen circumstances and at the same time show participants of how their business model can optimally be pragmatically executed.
Details of the panel composition and their expectations from participants shall be communicated to the respective teams in due course of time but well in advance.
The competition is open to all the Management & Elite Engineering students across the globe and Great Lakes Alumni with not more than 5 years of experience post MBA.
Team size should be of minimum 2 members and maximum 4 members.
No businesses/ideas that have received any funding greater than INR 100,000 or USD 2,000 can compete.
Teams must disclose any funding already received at the time of registration.
No registrations will be accepted post the deadline.
An individual can submit more than one business proposal.
More than one entry is allowed from the same institute.
Entries with any of the mentioned sections missing in presentation will be disqualified as all the sections are mandatory for evaluation purpose.
Participating teams are expected to submit original ideas. Any kind of plagiarism in idea will attract disqualification and members of the team will not be allowed to participate in any of the future competitions conducted by the Great Lakes Institute of Management.
Two members of the team coming for the final phase would be provided accommodation at Great Lakes Institute of Management on twin sharing basis.
Reimbursement for 3-Tier AC train tickets would be provided for these two members representing their team.
For offshore entries, grand finale will be conducted through video conferencing.
The confidentiality of each of the Business Model submitted will be strictly preserved to ensure the protection of intellectual property of the business ideas and plans of the participants.
Teams need to strictly adhere to all the rules and regulations to avoid disqualification at any phase of the event.
All the entries would be evaluated by seasoned entrepreneurs and faculty members.
In all things specified above and any other matters not specified explicitly, the decision of Great Lakes Institute of Management shall be exclusively final and binding.
Round-1 Submission Procedure
The ‘Executive Summary’ should be submitted as a PPT/PDF.
Max 1000 words, Font - Calibri 11, Line spacing – 1.0
The ‘Executive Summary’ should have the following sections: Summary of the idea, Product / Service details, Market size and growth potential, Sales and distribution model, Revenue model and pricing, Year 1 profitability and future sustenance, Competitor analysis.
One member of each team should be appointed as “Team Captain” who would act as a single Point of Contact (POC) for the team. All communications from “HYPERION” will be directed to this POC. Please register your team by using the form with the team name and team captain name: https://docs.google.com/forms/d/140RaArH0msgHfbs-dBltGA2pMAG-xaDi3B8WrOTHGT s/viewform?usp=send_form
The registered teams need to submit their executive summary (of maximum 1000 words) that should incorporate all the mentioned sections by 4th January 2016, 23:59 Hours to
with the subject-line: before 4th January 2016 11:59 pm