UIU launches Banik Bazar, its first-ever intra-university business simulation competition

United International University's Entrepreneur Development Forum (EDF) is launching Banik Bazar, its first-ever intra-university business simulation competition, from December 29-31, 2024.

This three-day event will allow students to showcase their entrepreneurial skills and gain hands-on business experience. TBS Graduates is the official youth engagement partner, ensuring extensive coverage.

Banik Bazar will feature a lively marketplace where participants can set up stalls, sell products, and interact with customers while developing key business strategies. It also offers networking opportunities with industry professionals and fellow entrepreneurs.

Banik Bazar is not just a competition—it's a springboard for aspiring entrepreneurs to turn their ideas into reality. The event will feature the top 15 participants, who will set up live stalls to showcase and sell their products or services. These students will receive valuable feedback from customers, industry experts, and peers to refine and elevate their business strategies.

In addition, participants will gain remarkable visibility through EDF's digital platforms, promoting their ventures to a broader audience. This exposure could prove transformative, offering a powerful boost for students eager to stand out in the competitive business landscape.

Moreover, Banik Bazar provides students a chance to network with peers, faculty, industry leaders, and customers. Participants can also compete for a prize pool of BDT 30,000, with BDT 15,000 for 1st place, BDT 10,000 for 2nd, and BDT 5,000 for 3rd.

This initiative is part of UIU's ongoing effort to nurture entrepreneurial talent and equip students with real-world skills. Mr Jakowan, moderator of UIU's EDF, shared, "Banik Bazar is a significant milestone in our commitment to developing young entrepreneurs, offering students hands-on experience, business skills, and opportunities for recognition."

The event, supported by DocTime, the ICT Division, and the World Bank, emphasizes the importance of grassroots entrepreneurship and provides students with tools for success in a competitive environment.

 Banik Bazar aligns with EDF's mission to connect local businesses with their communities, inspire innovation, and empower aspiring entrepreneurs. UIU's faculty, students, and visitors are invited to join this exciting event, fostering creativity and collaboration.

As the official media partner, Business Inspection BD will extensively cover Banik Bazar 2024, showcasing the participants' achievements and the event's success.