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<div style="float: right; clear: right; margin-left: 10em; margin-right: 10em">[[File:Business-model-competition.jpg]]</div>
The [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.
= Overview =
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 ==