Mumbai, June 28, 2006 Jasubhai Digital Media's premier technology publication "Digit" has completed five years of publication. The first issue of Digit was published June 2001 and since then, this trend setting magazine has been catering to the needs and demands of IT industry.

On the eve of completion of five years of publication of Digit, Jasubhai Digital Media has announced Business Plan competition to promote budding entrepreneurs. The Business Plan competition is part of the 5th Annual Special Edition of Digit. The entry form and free Business Plan software to be used for this competition is included in this special issue of Digit. A reader needs to prepare a business plan that is possible and implemental using the Business Plan software provided with the 5th Annual special edition of Digit. On final selection the winners will be given an opportunity to present their business plan to eminent venture capitalist for further discussion.

NASSCOM and Computer Society India (CSI) have agreed to be a part Jury panel for selecting the winners as they feel the Business Plan competition is an effective tool for tapping and promoting the young talent pool in India and give these gifted individuals an avenue for faster growth.

Maulik Jasubhai, JDM's Managing Director & Publisher, said that JDM is very keen to highlight the potential available in India and to provide budding entrepreneurs a platform to show case their talent.

"Talent is available in abundance in India and we need to promote the talent pool to promote India as a hub of Industrial growth. The five winners of Business Plan competition would be awarded with cash prize of Rs 50,000/- each and an opportunity to discuss their idea with an eminent industrialist. "said Maulik.

"Any industry thrives on fresh ideas and plans. Business Plan will not only encourage the budding entrepreneurs to believe in their capabilities but also provides an opportunity for venture capitalist to evaluate fresh ideas. It will be a good platform for exchange of ideas between industry and future industrialist," continued Maulik.