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<div style="float: right; clear: right; margin-left: 10em; margin-right: 10em"><br/></div><div style="float: right; clear: right; margin-left: 10em; margin-right: 10em"><br/></div><div style="float: right; clear: right; margin-left: 10em; margin-right: 10em">[[File:Business-model-competition.jpg]]</div>
= Overview =
<span style="font-size: 12px;">The </span>[http://www.businessmodelcompetition.com <b>Business Model Competition(BMC)</b>]<span style="font-size: 12px;">, or International Business Model Competition(IBMC), is an unique business development competition that differentiates itself from other business plan competitions by stressing the value of validation with real customers, described in the following video:</span>
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The Business Model Canvas is one of the key tools that IBMC recommends the competing teams utilize. It is a strategic management template for developing new or documenting existing business models. The canvas consists of nine business model building blocks, which can be organized into four categories: ''infrastructure, offering, customers,and finances''.<ref>[http://www.businessmodelgeneration.com/ Business Model Generation], A. Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, self published, 2010</ref> By using a visual approach to design business models, the Business Model Canvas makes it easier for firms to align their activities by illustrating potential trade-offs.
[[File:Business-model-canvas.png|thumb|center|500px|Business-model-canvas.png]]
== IBMC 2013 Top 3 Winners ==
