Business Plan Competition
Business Plan Competition in IBAC 2023 is a business design competition for students in Vocational Universities throughout Indonesia and Southeast Asia that provides the widest possible opportunity for students to explore their creative business ideas, especially in the field of technology and digital. The theme in the field of technology and digital in the Business Plan Competition is in line with the general theme of IBAC 2023. So that this Business Plan Competition is expected to encourage the younger generation, especially the vocational students to have a high entrepreneurial spirit to generate creative ideas related to business in the technology and digital aspect.
Instructions
The competition is held offline at Batam State Polytechnic Campus.
Business Plan is a proposed business idea design that includes a promotion plan/marketing strategy and business financial projections (Cash Flow, Income Statement, Balance Sheet) as well as BEP and ROI/ROE calculations.
Preferably a business idea that already has a prototype.
The business plan presented in 1 sheet of Business Model Canvas
The proposed business activity is not yet incorporated.
The process of preparing the business plan and proposal involves a supervisor,
Participants must submit a soft file Business Plan in pdf form via IBAC 2023 email (ibac@polibatam.ac.id) online no later than 2 weeks before the BAC activity is held with the file name format: BPC_ Business Plan_Institution Name_Business Name.
Pitching stages are carried out offline / face-to-face at Batam State Polytechnic during the IBAC 2023 event according to the specified schedule. Participants are required to submit presentation soft files via IBAC 2023 email (ibac@polibatam.ac.id)
With the file name: BPC_PPT_Institution Name_Business Name, no later than H-2 of the Pitching schedule. During Pitching, participants are required to bring a prototype of the proposed business idea.
General Provisions
The Business Plan does not contain racial elements
Business Plan is a business plan that has not been operated or run.
The Business Plan has never been included in a competition and has never been published.
The Business Plan is the original work of the participant, not plagiarism.
Each participant must make a statement of the originality of the work signed on stamp duty. The committee is not responsible if there are claims from other parties.
The proposed Business Plan is expected to be in the form of a real product not just a product of imagination.
The judges have the right to cancel a participant's victory if there are indications of cheating.
The committee will maintain the confidentiality of the participant's business plan.
The decision of the judge is final and inviolable.
The proposal is typed on HVS A4 paper, 1.5 spacing, Arial font, 12 fonts. Left 4, Top 4, Right 3, and Bottom 3 margins.
The Business Plan proposal is written in accordance with the format and systematics of the IBAC 2023 Business Plan.
Competition Winner
Main Contest Winners
1st Place
2nd place
3rd place
Additional Category Winners
Best Business Idea
Best Business Plan
Best Presentation (Pitching)