Plan2Biz, an Icelandic startup, has launched an online business plan tool to help students, business plan competitors and entrepreneurs create and collaborate on their business ideas. This service is completely open and free to everyone. While the traditional format of the business plan is much debated, it is a fact of life. Try handing in a mind map or a task-oriented gantt chart to an investor or your bank - not to mention your professor - and you’ll find out that creativity is only welcome after financing has been secured. Plan2Biz guides its users through the entire process of creating a professional business plan, from creating the outline, writing each section with the assistance of built-in advices and then exporting the final product. How Plan2Biz differs from your anyday online word processor is the ability to work jointly on a plan by assigning tasks, commenting on the work of others and inviting more to the project - either as new members or e.g. a mentor. A user can be a part of as many projects, with as many people as he or she chooses. And because Plan2Biz is web-based, it is fully platform-neutral and accessible from any computer. Plan2biz has been featured on sites such as arcticstartup.com and Quora.com.