Business

Oh, how nice must it be to live in a mansion and have your private jacuzzi? We would never know, huh? Because we sure aren’t millionaires. The business category at Octave allows you to be innovative and creative with the help of all those business studies classes that you’ve been taking. You know how Steve Maraboli once said, ‘Hustle until your haters ask if you’re hiring.’

Social Entrepreneurship

A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. For this round participants are supposed to come up with an idea for a business that is both lucrative and beneficial for the society.

Round 1: Business Pitch

Each team will have 2 minutes to pitch their idea.
The pitch will be presented without a presentation.
The pitch will be judged on three criteria: i) ingenuity of the idea ii) practicality of the idea (profitable, implementable, effective) iii) presentation skills (fluency, eloquence, engagement)

This round will be judged by category heads.

Round 2: Business Model Presentation

In this round participants will prepare the business model and present it to the judges in a 5 minutes long presentation.
Each team can use up to 10 slides.
The business model should be detailed and well researched.
The presentation skills, slides (aesthetic and effective), and the business model itself will be marked separately.
Only four teams will qualify for round 2.
Winners and runners up will be decided based on performance in this round

Innovatia:

Investomania is a stock market simulation.
Participants will be given a certain amount of funds, that they will invest in the companies listed on the simulation.
Every 5 minutes the month of the simulation will change, along with the stock prices.
The stock prices will change based on economic and political changes which will be indicated through the news.
At the end of 2 years (2 hours) the team with the highest value in stocks and cash will win.

Investomania:

A tech enterprise is a company that utilizes technology in some way to provide services.
For this category participants are supposed to come up with an idea for a business that utilizes technology in a completely new way to provide services.
Round 1: Business Pitch
Each team will have 2 minutes to pitch their idea.
The pitch will be presented without a presentation.
The judging criteria will be the same as Social Entrepreneurship.
Round 2: Business Model and Technical requirements
Participants will present the business model along with marketing strategy, product differentiation, financial feasibility and the type of technology that they will be using in their startup.
The judging criteria will be the same as Social Entrepreneurship and only 4 teams will qualify for the final round.