Empresario stands for "The Entrepreneur"…..
The spirit of entrepreneurship is taken to higher levels every year through Empresario, the entrepreneurship cell at NITIE. As its endorsement to their successes, NITIE felicitates entrepreneurs every year in the form of “Most Inspiring Entrepreneur of the year” and “Best Start-up of the year” awards. This year the awardees were GM Rao - Chariman GMR Group and Ajay Bijili ,chairman, PVR cinema. Entrepreneurial events like the B-plan contest, the Elevator pitch contest, Spardha, and D’apprendre are held under the aegis of Empresario alongside with Lakshya. These contests find a big flavor with both student community, mainly those from top B-schools like the IIMs, XLRI, ISB, FMS, etc. and also the industry.
The contest will comprise of the following three stages:
Stage I (The Prelims):
Participating teams of maximum two members each, will submit their B-plan. Experienced individuals from the industries and entrepreneurs will evaluate these B-plans and will shortlist the best five B-plans .
Stage II (The Mentorship):
In this stage each of the selected team will be associated with an entrepreneur, who will act as a mentor. Hence each team will include one entrepreneur and the short-listed contestants. This amalgamation of knowledge, experience and enthusiasm will work together to bring out a refined B-plan.
Stage III (The Grand Finale):
There will be a formal presentation of all the five B-Plans in front of a panel of judges. The panel will comprise of leading VC’s, Incubators and Bankers.
The Competition encourages students to focus on developing a concrete plan for their business ideas and concepts. A major objective is to give students an invaluable opportunity to become better prepared for the types of issues that they will face when they enter the next steps of starting their businesses - attracting financial backing and establishing a small team of employees.