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<div style="float: right; clear: right; margin-left:10em ; margin-right: 10em">[[File:Business-model-competition.jpg]]</div>
[http://www.businessmodelcompetition.com <b>Business Model Competition(BMC)</b>], or International Business Model Competition(IBMC), is a unique business development competition that differentiates itself from other business plan competitions by stressing the value of validation with real customers.
Business Model Canvas is one of the key tool that IBMC recommends the competing teams use. 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 model, 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 ==