JCI Malta is organising the 7th edition of the Best Business Plan Competition. This competition, supported by HSBC Bank Malta p.l.c. and KPMG Malta, provides young entrepreneurs with the tools and opportunity to turn an idea into a concrete business plan. A panel of judges will base their judgment to award the most innovative and well drawn-up business plan.

Last year’s JCI Best Business Plan Competition has helped participants to make their business plan becoming a reality. In this edition, JCI will also be presenting the Business Plans, recommended by the panel of judges, to potential investors who are seeking to invest capital in such ideas. This will increase the probability for our 2008 participants to make their business ideas become through.

The competition offers also a series of training sessions to all participants. This will give a better understanding on the requisites to formulate a business plan.

The training sessions consist of:

Session 1 – Getting started – defining the objectives and fundamentals of writing a business plan.

Session 2 – Developing Business Analysis & Strategy

Session 3 – Defining the Product, Operations, Sales & Marketing

Session 4 – Creating the Business Plan Financials

Session 5 – Presenting the Business Plan

During this competition all participants can make use of professional consultancy which will be available as part of the BBP competition. This service will give participants a competitive advantage in formulating better their business plan.

The winning Business Plan will win a grand cash prize of ? 2,500 while the first runner up will be awarded a cash prize of ? 600. The winning Business Plan will automatically participate in 2009 JCI International Best Business Plan Competition held during the JCI World Congress with the chance of winning a further US$ 5,000.

The JCI Malta Best Business Plan Competition is open to all Maltese residents aged between 18 and 39. Participants must submit a Business Proposal together with an application form, by not later than Monday 31st March 2008 at 1600hrs. Application fee is 85 Euros per participant or team.

An information pack is available for download here or via email on bbp@jci.org.mt. You can also contact the Project Team on 9989 7036.

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