Team Padhaaro from NIT Warangal has won the Indian Institute of Management Bangalore's (IIMB) Vista 'Bzzwings B-Plan' competition the flagship competition.

Runners-up were team Innova of Indian School of Business (ISB), Hyderabad.

In the 'Bzzwings B-Plan' competition, NIT Warangal students – Ish Jindal and Sanchit Agrawal with their unique concept of making travel easier for foreigners in India, walked away with a bumper Rs 45,000.

The ISB students - Aniket Miglani, Niharika Jain, Niharika Joshi and Nitima Malhotra were declared the runners-up won the runner-up cheque worth Rs 25,000.

In the Bzzwings Shark Tank contest top six teams pitched their 5-minute business ideas, Team Innova (Aniket Miglani, Niharika Jain,

Niharika Joshi and Nitima Malhotra) from ISB Hyderabad sold 4 per cent equity stake for five lakhs, Team Ximknos (Vinay Garg, Leenus Roffun Silva, Sourav Panda, Abhilash Varma) from Xavier Institute of Management, Bhubaneswar sold 9 per cent equity stake for five lakhs and Team E-sense (Vansh Oberoi and Anmol Garg) from Delhi University disinvested 9 per cent stake for five lakhs.

The three winners, chosen from 120 entries from across the country, presented their 5 minute pitch to the angel investors and at the end walked away with the seed money to fund their start-up. The two investors, Ubhaya - a social development fund represented by Sreejith, VP, Business Development, and VGN Prakash, Founder, Milltec Machinery Pvt Ltd, offered seed funding to profit venture and social venture.

Congratulating the winners, Chief Guest Krishna Kumar Natarajan, CEO, MindTree said: "The five key things for an entrepreneur to concentrate before venturing are: It must solve a real problem for the money-paying customer; have a deep personal conviction and self confidence in yourself and the solution; have fundamental values or ethos for the enterprise; develop a strong and complimenting start-up team and very important is to regard entrepreneurship as a business not a slot machine- i.e.; make loads of money as soon as possible and then retire. Entrepreneurship is not a last resort for a frustrated employee".

Dr. Sushil Vachani, Director, IIM, Bangalore, said: "It is important to encourage such events as entrepreneurship will be the next big thing for India. IT and manufacturing got us so far but its these innovative business venture that will be greatly appreciate in the future, There will be a time when entrepreneurship will get us back the momentum and increase our growth rate. "

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