PEC team sweeps Oxford biz plan contest
Chandigarh, September 18th 2007, Tribune News Service
The students of Punjab Engineering College (deemed university) have made the city proud by winning the business plan competition ‘YBD 2007 (Youth Business Development)’ organised by the SAID Business School at Oxford University, London. Another team from the college bagged the runners-up position.
Around 80 teams from across the globe competed for the coveted prize. After having qualified three rounds where the business plans were scrutinised closely by the venture capitalists and the YBD judging panel, two teams from PEC topped the competition.
The team of Anish Sandhir, Ankur Singla, Anuj Atri and Anuj Bhatia won the first position with a B-plan that aimed to uplift the socially and economically backward section of the society. They would receive a £1000 award to put toward their business idea, which involves providing support to local trade people to establish safer and more secure retail businesses.
The first runners-up was a team comprising five third-year students - Vishesh Gandhi, Puneet Dhar, Rohit Bhat, Madhur Behl, and Himanshu Arora.
Anuj Atri from the winning team said, “This competition gave us an insight of the business world and inculcated a spirit of entrepreneurship with a social aspect.”
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