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= Purpose =
Seeing many new businesses fails in the first a few years, IBMC wants to dramatically improve the success rate by bringing a very different perspective to entrepreneurship. Instead of asking its participants to research existing business models, or craft a perfect sales pitch, IBMC focus on the process of developing and validating the perfect business models by encouraging its participants to identify and clarify the assumption in the model. IBMC believes that entrepreneurship should not be similar to managing a corporation, since the problems they are facing and the dynamics are very different. As the first international competition of its kind and open to all students, IBMC ultimately wants to change the way currently entrepreneurship is being taught, and bring our attention to the importance of validating assumptions.
= Distinct Differences From Other Offerings =
