@2019 Transformative Technologies Pvt. Ltd.

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FAQs

What is the UFO Program about?

The UFO Program is a Certification Program on Fundamentals in Entrepreneurship, by the Sensei Guild Academy

 

How is the UFO Program structured?

The UFO Program comprises seven broad stages

  • Registration for the UFO Course

  • Self-Study of content and videos to be completed by the students

  • Submission of Business Plan by the students at the end of the course

  • Evaluation of entries by the Jury

  • Announcement of winners

  • Prize Distribution

  • Selection of UFO Champion, for seed funding opportunity

 

What is the cost of the UFO Program?

The UFO Program Registration Cost + Course Content Cost + Entry Fee to the UFO Awards is a total of INR 500.

 

What are the components of the UFO Program?

The UFO Program has three components

  • Course Content for Self-Study

  • Life Skills Videos and Content for overall development

  • Reference Templates for preparation of a Business Plan

 

What is the duration of UFO Program?

  • Registration is ongoing and will close on October 31st, 2019

  • The UFO Program Study Plan is for 3 months – November 1st,2019 to January 31st, 2020

  • Evaluation of the Business Plans by Jury – February 1st, 2020 to February 29th ,2020

  • Announcement of Results/ Winners – March 1st, 2020

 

What are the key components of the course?

The Components of the Self-Study Plan are:

  • Life Skills – Tools to harness and further develop EQ

  • Basics of Incorporation, Legal, Compliance

  • Human Capital & Talent Acquisition

  • Market Dynamics

  • Industry Analysis

  • Understanding Competition

  • Business Banking Basics

  • Branding & Copyrights

  • Brand Positioning & Digital Marketing

  • Fundamentals of Finance, Financial Statements & Projections

  • Basics of Valuation

  • Implementation & Scale-up

  • How to create a Business Plan

 

How will a program like UFO help my ward/ my student/ me?

UFO Program will help in the overall development of the Student at the Conceptual Level as well as from the Life Skills aspect. This program will give a fundamental level knowledge to the student on several aspects of Entrepreneurship, and will enable an attitude-level re-calibration towards a more progressive career. It will also help students showcase their ideas and concepts to a wide section of industry experts, with an opportunity to win Cash Awards and Seed Funding

 

Who is eligible for the UFO Program?

All Students and Youth in the age group of 13-20 years are eligible for the UFO Program. We welcome entries from all over the world.

 

How much time will the UFO Program require from the self-study perspective?

The Self-Study Modules of the UFO Program will require 30 minutes to 45 minutes of study per week/ once a week.

 

What are the Prize Categories and the actual Prize Money to be won?

There are 3 prizes in both the Age Categories:

  • 13-14 years

    • 1st Prize – INR 1,50,000

    • 2nd Prize – INR 1,00,000

    • 3rd Prize – INR 50,000

  • 18-20 years

    • 1st Prize – INR 1,50,000

    • 2nd Prize – INR 1,00,000

    • 3rd Prize – INR 50,000

  • UFO Champion Award – INR 5,00,000

  • Seed Capital Funding will be available on a case to case basis

 

Who is eligible to become the UFO Champion?

A Student with the best MVP – Most Viable Plan, who will be identified by our team of UFO Accelerators, from amongst the top 10 entries in each of the age categories (13-17 years & 18-20 years)

 

Apart from Prize Money, what are the other avenues for further development of students’ ideas?

The UFO Accelerators will review the top entries and refer the best plans/ ideas/ concepts to Seed Capital Investors/ Incubation Funds