HYDERABAD:Five high school students from Hyderabad got a unique chance to compete in the TiE Young Entrepreneurs (TyE) global business plan competition for their innovative project ‘TICH’, which will provide online services even to those who don’t have access to the Internet.
Keshav, Rishi Reddy, Neha Acharya, Yagna Agarwal and Zayaan will compete in the global competition where the winners will be awarded a cash prize of $10,000. The best project will also receive funding from top corporate companies, according to Safir Adeni, president of TiE Hyderabad. The children earned this rare opportunity for developing a professional business plan for an innovative idea to provide online services through a call centre.
According to the plan, a call centre will be set up where customers can call and seek various services. This will process the requests of the customers and send the results to them. The services include online shopping, ticket booking and applying for jobs and admissions.
This project was developed by the children as part of the TYE Hyderabad business plan competition where the best team was selected to be sent for the global competition.
Other participants in the Hyderabad competition have also come up with innovative business ideas which included app-based services to manage booking of playgrounds in the city and a techno-glass which is similar to the Google glass. Around 25 children, who participated in the competition in Hyderabad, were mentored by experts from prestigious institutes like Indian School of Business (ISB) and International Institute for Information Technology and some experts from industry. During the 16-week course they were trained in several business-related topics such as conducting market research.