About the Bosnia StartUp Cup Top25 Event
On Wednesday, September 30, 2015, International University of Sarajevo hosted the event called Bosnia StartUp Cup Top25. The event was organized by Gillani Consulting Group, Gillani International d.o.o. Goražde and Leadership and Entrepreneurship Centre of International University of Sarajevo.
Bosnia StartUp Cup event is being organized by a team of International and Bosnian entrepreneurs lead by Gillani Consulting Group Inc. based out of Dallas, USA, Gillani International d.o.o. Gorazde, and Gillani Foundation, based in USA, in cooperation with International University of Sarajevo, and several other partners and sponsors. The Bosnia StartUp Cup business model competition is open to any type of business idea. Entrepreneurs who compete in the Bosnia StartUp Cup are rewarded for turning their idea into a viable business, going to market quickly, testing assumptions, and modifying their business model as they learn what drives customers and revenue. Entrepreneurs of the Bosnia StartUp Cup do not have to be experts at creating polished documents or accounting wizards. Instead what they lack in experience, they make up for in passion and dedication to achieve their dream.
Today’s event had purpose of selecting the 12 best business models that would enter the final rounds of the competition. The event was held in Amphitheater in Building “B” and it was consisted out of four parts:
1st part – Welcome speeches
The participants and guests were welcomed by Ms. Sabira Bešlija the project manager of Bosnia Startup Cup. More information about the project and motivation behind it was given by Ms. Leila Hrelja, director of Gillani International d.o.o. Goražde. The audience has also been addressed by Assist. Prof. Dr. Senad Bušatlić who encouraged them to proceed in their entrepreneurship careers regardless the outcome of this competition. Further, Assist. Prof. Dr. Senad Bušatlić introduced the audience with the vision, goals and future plans of International University of Sarajevo. Miss Janet Kennedy, Economic and Commercial Officer, United States Embassy Sarajevo, offered support from the Embassy for Gillani’s efforts to establish an Entrepreneurial Ecosystem in Bosnia through Bosnia StartUp Cup, and mentioned upcoming entrepreneurship initiatives being launched by the United States Embassy Sarajevo.
2nd part – Lectures
After the welcome speeches, participants had the chance to attend the series of lectures regarding the entrepreneurship and business idea. First lecture, with the topic of Entrepreneurship and Sales, was held by Assist. Prof. Dr. Senad Bušatlić. After him, lecture on Managing Finance in Entrepreneurship was delivered by. Assist. Prof. Dr. Ognjen Riđić. At the end, the participants and guests were addressed by Mr. Kamal Syed who is the CEO of Gillani Consulting Group Inc., in Dallas, USA. After a very motivational speech for future entrepreneurs, Mr. Syed delivered lectures on Entrepreneurship, Visual thinking and Business planning.
3rd part – Workshop
In the third part of this event, participants were included in Entrepreneurship workshop. Each participant or group of participants was/were assigned to the mentor which depended on business area in which participants developed their business idea. During the workshop, participants were interacting with their mentors and also other participants and were able to ask questions regarding the problems they engaged in creation of their business plans.
Final part was reserved for presentations of business models by participants. Each business model was presented in front of esteemed jury that is supposed to make the decisions about top 12 and eventually about the top 3 business models in following period. At the end of this competition, the selected top 3 business plans are to be rewarded. The Top12 winners will be announced by next week.