In a major move to empower young entrepreneurs, the Entrepreneur Development Forum (EDF) of United International University (UIU) has launched Banik Bazar, the university’s first-ever intra-university business simulation competition.
Scheduled for December 29-31, 2024, this three-day event promises to be a significant platform for students to showcase their entrepreneurial skills and gain hands-on business experience. Business Inspection BD is proud to announce its role as the official media partner for this exciting event, ensuring extensive coverage and spotlighting the innovative talent on display.
Banik Bazar is designed to offer students a unique opportunity to engage in real-world business operations. The competition will feature a dynamic marketplace where participants can set up stalls, sell products, interact with customers, and develop key business strategies. In addition to gaining practical experience, participants will also have the chance to network with industry professionals and other aspiring entrepreneurs.
A Groundbreaking Initiative for UIU Students
Banik Bazar is more than just a competition—it’s a launchpad for young entrepreneurs to bring their ideas to life. The event will see the top 15 participants setting up live stalls to display and sell their products or services. These students will gain direct feedback from customers, industry experts, and peers to help refine their business strategies.
Participants will also benefit from significant exposure through EDF’s digital platforms, which will help promote their ventures to a wider audience. This exposure is expected to be a game-changer, especially for students looking to make their mark in the competitive business world.
Networking and Recognition
Banik Bazar is an ideal opportunity for students to expand their professional networks. The event will bring together students, faculty, industry leaders, and potential customers, creating a vibrant ecosystem for collaboration and idea exchange. Participants will also have the chance to win exciting prizes, with a total prize pool of BDT 30,000 up for grabs.
The prize breakdown includes:
- 1st Place: BDT 15,000
- 2nd Place: BDT 10,000
- 3rd Place: BDT 5,000
In addition to cash prizes, winners will also receive exclusive gifts and recognition from industry experts.
A Vision for Student Success
The initiative is part of UIU’s ongoing efforts to nurture entrepreneurial talent and equip students with the skills needed to succeed in the real world. According to Mr. Jakowan, moderator of UIU EDF, “Banik Bazar marks a significant milestone in our university’s commitment to developing young entrepreneurs. It’s an opportunity for students to gain hands-on experience, build their business acumen, and compete for recognition and rewards.”
The event has received support from DocTime, along with the ICT Division and the World Bank. These partnerships highlight the importance of fostering grassroots entrepreneurship and offering students the tools to thrive in a competitive business environment.
Registration Details
- Offline Registration: Closed on December 11
- Online Registration: Available from December 12 to December 22
Interested students are encouraged to register early to secure their place in the competition.
Looking Ahead
Banik Bazar represents a forward-thinking initiative that aligns with EDF’s mission to bridge the gap between local businesses and their communities, inspire innovation, and empower the next generation of entrepreneurs. UIU’s faculty, students, and visitors are all invited to be part of this exciting event, which promises to foster creativity, collaboration, and entrepreneurial spirit.
Business Inspection BD, as the official media partner, will provide comprehensive coverage of Banik Bazar 2024, offering a platform to highlight the achievements of the participants and the success of this transformative event.
For more information on Banik Bazar, including registration details, visit the official event page here.
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