IWFCI India supports student entrepreneurs in their journey of starting new businesses and provides financial incentives for the same. One such event was the Business Plan Competition 2021-22 organised by the Pillai Centre of Innovation and Entrepreneurship and supported by the Institution Innovation Council of PiMSR and IWFCI-India which was held on 27th April, 2022.

Every year, the competition is announced in the month of July and several workshops on idea generation, accounting, legal framework, motivational talks, etc. are conducted throughout the year. 54 teams registered for the competition and 7 teams competed in the final round. Dr. Celina Joy, Director – IWFCI – INC was one of the mentors of the competition. The jury members were Mr. Sijo Varghese, Manager – MSInS, Ms. Mansi Thakkar – Founder Mansi Thakkar Training Systems LLP and Mr. Sagar Chandni, Head – Growth, Partnerships and Customer Success, CIBA.

The special Prize sponsored by IWFCI-India was won by PHCET students, Ms. Sanskruti Damodar Shelke and Mr. Shubham Thakur of Team High Voltage. The team came up with a unique interior lighting solution to save energy costs. The IWFCI Award carries a certificate and a cash prize of Rs. 10,000. The winners were presented the award by Dr. Daphne Pillai, Founder President and Directors, Ms. Yvette Lee and Dr. Celina Joy.