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 Abhudaya 21

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All that you need to know about Abhudaya' 21

The Department of Management, BIT Mesra joins Jharkhand Small Industries Association (JSIA) to host Abhyudaya, a business plan competition for young aspiring entrepreneurs with business ideas that can be incubated and launched in the State of Jharkhand.

Abhyudaya is a new endeavour in JSIA’s quest for the continuous promotion of an entrepreneurial culture in the state. The Department of Management, BIT Mesra, is a leading B-School of the region that has been involved in inculcating entrepreneurial mindset among all its students since the year 1979.

Abhyudaya is a Sanskrit word, the meaning of which implies “rise,” “prosperity” and success. This competition is aimed at contributing towards the rise and prosperity of the State of Jharkhand.

The Finale of the event will be held virtually on the 22nd of May 2021 (Saturday), 10:00 AM.

Important Details:

Registration: The registration would be done through D2C. It will consist of the name of the team and its affiliation, email and phone. The idea is to send open invitations to all, not restricted to only universities/colleges.
Team structure: The size of the team would vary from 1 to 4 members.

Details of the Rounds:

Round 1: Initial Screening

Teams have to submit an executive summary of their plan which should consist of

  • Venture description: Name of the start-up and objective
  • Market analysis: this will consist of information regarding the market
  • Competition analysis
  • Unique value proposition
  • Revenue description
  • Other relevant details
  • Reference


Round 2: Final Round

Expected around 7 teams to be called for the final presentation
Business Plan to be submitted
Presentation in front of the panel

Time: Each team would be given 15 minutes for the presentation and 10 minutes for the question-and-answer round.

Note: The proposed business plan should be based out of the State of Jharkhand.

A panel consisting of top industrialists, entrepreneurs, bankers as well as academicians would finally select the top project which would receive prize money of INR 1 lakh and assured hand-holding for setting up the project.

Award of participation certificates to all the participants along with other prizes for the winner.


What are the important dates & deadlines?

05 May'21 11:59 PM IST
Registration Deadline

15 Apr'21 12:00 AM IST
Announcement of The Event

05 May'21 11:58 PM IST
Last Date of Resgistrations and Executive Summary Submissions

22 May'21 10:00 AM IST
The Final Event


Contact the organisers

Pramit Basu

Swati Sinha

Raj Vardhan