Business Plan Development support
Business Plan Development support program is quite similar to the service of pre-incubation training. However the difference is that the applicants who only needs business plan development support and do not want to go for pre-incubation training will be provided the support through external freelance business plan developers. The selected entrepreneurs will be connected with the freelance business plan developer to develop a concrete business plan and the applicants must work along with the developer to develop a concrete business plan. Also the applicants should have the intention to register their business legally in compliance with the laws of the local & central government.
Eligibility Criteria:
To be eligible to apply for the B-Plan Development support, the applicants must meet the following criteria:
- Applicant should be a Tibetan national holding a valid and updated green book
- Applicant should have been in business for less than one year or purely in ideation stage
- Applicant must have completed at least under graduate degree from any universities & colleges or any other equivalent course.
Judging Criteria:
Applicant’s application will be assessed by a team of selection committee and the advisory board of TED based on the following criteria:
- Business Idea: The Business idea of the applicant will be evaluated on the basis of:
- Innovativeness: The business idea should be innovative to create something new or different from the existing products & services in the market.
- Sustainability: The idea should show sustainability of the business.
- Ability to scale: The idea should have the ability to scale in future.
- Financial stability: The business idea must demonstrate how they can reach long-term financial stability /growth with rational rates of return.
- Replicable: They must also demonstrate the potential to replicate their innovative business model across regions
- Unique Value Proposition: The business idea should also demonstrate the unique value proposition needed to thrive in a competitive market
- Social Impact: Applicants should present the impact of their business to the communities and how it will create job opportunities from their business in the Tibetan communities especially in the southern Tibetan Settlements.
- Applicant Strength: Applicants will also be evaluated on the basis of the strength of their leadership, their expertise & knowledge on the business idea and their entrepreneurial drive to implement their business idea.