About
About the event
Earn and Sell, organized by the Entrepreneurship Development Cell at VIT Pune, is an event that replicates real-world business scenarios.
- The event comprises two phases, starting with an initial pitching round to secure investments from the E-Cell for qualifying teams.
- The funds provided by the E-Cell are then utilized by these teams to operate an actual business within the college for a day.
- Prior to the competition rounds, participants will attend a college business workshop, during which they will receive guidance on effectively presenting their ideas to potential investors.
- Earn and sell is meticulously crafted challenge which emulates real-world business scenarios, providing a platform for you to showcase your entrepreneurial prowess and innovative ideas.
- Successful teams will receive funding to bring their business concepts to life within the college premises for a day.Develop a college-friendly business idea executable under Rs. 4000
Registration
How TO Register?
Earn and Sell, organized by the Entrepreneurship Development Cell at VIT Pune, is an event that replicates real-world business scenarios.
- Register with four members per team for participating
- For those individuals brimming with entrepreneurial ideas but without a team, fret not! You can register individually, and VEDC will assist in forming groups by aligning similar ideas
- Register Now
Event Fees
Event Fees
Members: 70
Non Members: 100
18% GST Applicable for students outside VIT
Register Now !
Schedule
Schedule of the event
Date: 16th January 2024 – Workshop 1
Description: The initial stage of the event will serve as an educational opportunity for all Teams. During this phase, an experienced speaker will provide detailed guidance on the upcoming rounds and offer insights to help participants optimize their business plans.
Date: 19-20th January 2024 - Round 1
Description: In this phase, teams will engage in an investor pitch. All participating teams will present their business ideas, and the top 12 teams with promising concepts will advance to the second round. These selected teams will receive an investment of Rs. 2000 from E-Cell VIT Pune.
Date: 22nd January 2024 – Workshop
Description: The second workshop will be conducted for the teams that qualify for round 1. This workshop will be based on execution of business in the college with noting the necessary requirements.
Date: 24th January 2024 - Round 2
Description: This phase represents the practical execution of the business models, where 12 teams will be provided with designated stalls (tents) and tasked with selling their products to fellow college students. Teams will operate within a time limit of 8 hours. This round offers cash prizes in various categories, including recognition for the best business idea, best execution, the people’s choice award, and the overall winner.
Prizes
Prizes
Winner
5000Rs
Best execution
2500Rs
Best Idea
2500Rs
people’s choice
2500Rs
Rules
Rules and Regualtions
1.Round 1 will be similar to the Shark Tank show, where every team will be given 10 minutes to pitch their entire idea through a presentation. Jury will evaluate the team’s idea, pitch about the idea, and understand their ability to run their business model for a day in college
2.Teams qualifying for the Round 2 will be given an amount of Rs. 4000 as an investment by the V-EDC, and a Memorandum of Understanding (MOU) will be signed, which will include the conditions each team will have to follow
3.Round 2 will involve the actual implementation of the team's business model within the college campus from 10:00 AM to 5:00 PM.
4.Every team has to preserve all the bills and invoices related to the purchase of raw materials and should maintain a proper tabular order book to calculate total number of customers they serve.
