Business Idea Plan
Team *
(Entered at the time of Registration)
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Contact No. *
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Email ID *
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Brief Introduction *
Write a short and exact description of the basic concept of the idea. The products, the customers and the customer  need that this idea fulfills. The basic concept should give an exact description of the core of your idea and capture the  attention of the person reading it. This section is often the last to be written, after details and description of the idea  have been established.(minimum 5 and maximum 250 words)
Your answer
Product and/or Service *
Background Describe what problem your customer is facing. This is sometimes referred to as the “customer pain”.  Business idea Describe your idea and how it solves the problem the customer is facing. This is also known as the “pain  relief”. Value proposition (Unique selling proposition, or USP) Describe how you can prevent others from copying your  business idea or you will stay ahead of the competition (patents, branding, people with key skills, copyright, etc.).  (minimum 5 and maximum 500 words)
Your answer
Market and Customer *
Market Describe the market in which you will be operating. Estimate the size of the market, and the rate at which it is  growing (if relevant). Customer profile Describe the typical customer, and (if possible) be specific and name potential  customers. It is recommended to contact potential customers, and ask them if they will buy your service/product when you are alone. (minimum 5 and maximum 350 words)
Your answer
Industry and Competition *
Competition Identify and describe other relevant companies within the market/ industry. They can be big or small, local  or multinational. Who are the main competitors, and what are their market shares(if possible)? In general, if the target  customers are getting the problem solved today, whoever currently solves it should be considered as a competitor. Strategic partners Could any of your competitors be strategic partners instead? other relevant partners?  ( public institutions, organizations, etc.). (minimum 5 and maximum 350 words)
Your answer
People and Organisation *
Describe the people in the founding team, including which roles they will have in the company, and explain why these are  the right people for the project. Describe which key employees the company will need to hire.  (minimum 5 and maximum 350 words)
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