The INSEAD Venture Competition takes its participants through an intense journey to develop and showcase their entrepreneurial skills and transform their ideas into real business ventures.
In this twice-annual-event, participants from MBA, EMBA and MFIN present their best business plans to a group of judges for a chance to win an introduction to investors, a berth to pitch at the INSEAD Alumni Association UK Entrepreneurs Group Business Angel event and €30,000.
Started in 2000, the INSEAD Venture Competition has produced several great ideas and success stories.
At the 2016 Venture Competition, Prabhdeep Singh MBA’16J, Antoine Poirson MBA’16J and Jose Leon MBA’16J presented StanPlus – a high-tech ambulance dispatch service in Hyderabad, one of India’s largest cities. Their winning idea to have ambulances that respond to calls in under 15 minutes (30 minutes less than the average) has led the team of three to create the largest ambulance dispatch service in Hyderabad with over 65 ambulances under contract.
Their mission is to create a business that does social good while remaining profitable and Jose Leon says they’re not the only ones: “The most powerful example I noticed was the sheer number of enterprises that were driven by a social aspect. The fact that two out of three winning teams were using business as a force for good speaks greatly about the school’s vision.”
StanPlus is just one of the many companies that began its journey at INSEAD. With every year, the opportunities get better and so do the ideas. Judges, sponsors and participants make every INSEAD Venture Competition a unique and special experience and we look forward to witnessing more amazing beginnings.
For more information on INSEAD Venture Competitions, visit the website.