Business Plan Challenge

Every year as part of its ENP 401 program, CERI organizes a three day business plan challenge contest prior to commencement day celebration. As climax of its entrepreneurship training and practice project, seniors as well as challengers are expected to file in an entry/application form, follow the approved template guidelines to submit in soft and hard a business plan to a jury.All participants are expected to occupy and decorate a kiosk, make it attractive and be available onsite for three days to pitch their projects to visitors and jury. The ENP score constitutes an assessment of submitted plans, voting and jury. The Business Plan Challenge (BPC) is a highlight of CUIB’s Entrepreneurship training and practice program. It is a flagship event of CUIB hosted by CUIB-CERI every year

Activities
Construction and allocation of stands to the students

Prior to the BPC, around 180 stands were constructed at Molyko Campus. It is important to note that only students who have submitted their business plan were allocated personal stand. Each stand holds a plaque cart showing clearly the name, the number of the stand and the business idea.

Installation onsite by candidates and decoration of the stands
The decoration was done by the students in order to attract the voters at the stand. The exhibition constituted by the pictures, drawings, business model excerpts to highlight the business plan.

Evaluation of the business plan

To make the evaluation more transparent CERI has created an organizing committee formed by a diverse group: A group of Professional judges who evaluated all the business plans
A group of coaches and staff from CERI who coordinated all the activities
A group of students’ observers who helped to observe, to register and to count the vote.

The overall evaluation is based on the following criteria:

No.

Type of evaluation

Responsible

%

1.

Write Up of Business Plan

CERI’coaches

50

2.

Voting

Students/Faculty/Staff

20

3.

On Site Evaluation

Judges

30

 

Evaluation of the write-Up of the Business Plan

Out of a total of 100%, the conception and write-up of the Business Plan Proper (which included – an Executive Summary, Description of the Business Idea, Market Analysis, Operations & Implementation Strategy, Financial Projections, Management Team, and Analyzing the Chances of Risks) was valued at 50%.

Vote by students, faculty and staff

Besides evaluating the participants on grounds of project write-ups, the entire student population, faculty and staff were invited to vote for the projects. Each voter had to choose three business ideas otherwise the ballot paper was cancelled. This accounted for 20% of the total.

On site evaluation by the judges

The judges selected by CERI office to carry out the evaluation exercise are high breed experts with many years in their areas of competence both in practice and in theory. In the course of that evaluation, the judges listened carefully to the participants as they confidently and proudly defended their projects. The essence of on-site evaluation by the Judges was to connect the pre-evaluated plan to the students and to see if they take ownership of the project.

Vote counting and compellation of the results

During the three days of the BPC, students, faculty and staff voted. After the vote, the judges, and coaches combined the results to select the winners of the 2015 BPC.


Award ceremony

All the projects presented by the students were very interesting with great potentials for success but after the compellation of the results the jury selected 11 best business ideas to be presented during the award ceremony. The following are the winners of the 2015 BPC ranking from the first to the 11th.

Click here to see the winners
Speeches
Download Program synopsis statement by EYONG EYONG Thaddeus
Download the Speech delivered by Prof Nkem during the 2015 Khumbah Venture Capital Fellowship Awards ceremony.
Download Speech delivered by James T. AKO-EGBE Chief Judge during the 2015 BPC Awards ceremony.