Organised specially for undergraduate, college and polytechnic students around the world by the Singapore Management University, the Lee Kuan Yew Global Business Plan Competition continues to be a platform for entrepreneurs of tomorrow to showcase entrepreneurial talents on a global stage, attract seed funding and expand their network of friends and business contacts.

Institute:
Singapore Management University

Competition:
Lee Kuan Yew Global Business Plan Competition

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Details: There will be three Competition Rounds as follows:

1. Preliminary Round: Participants must submit their business plan after registering here

The business plan summary should address the following:

  • Innovation – Novelty & Intellectual Property (25%)
  • Scalability – Market Size & Sustainability (25%)
  • Competitive Positioning – Team & Advisors (25%)
  • Financials – Realistic Measurable Outcome (25%)

Note: The business plan summary must not exceed 1000 words (financial budget and statements are not included in the word count).
Please click here for more information regarding submission requirements.
Deadline for Submissions: 31 January 2013
The top 15 teams progressing to the Semi-Finals will be announced by Monday, 25 March 2013.

2. Semi-Final Round:

The 15 teams will need to submit a 3000 word business plan as well as a 3-minute video footage of their team presenting their business ideas, to compete for a berth in the top 6.
Please upload this video presentation via YouTube and add the link in your business plan write-up.

The 3000 word full business plan should cover the following areas:

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  • Company Overview
  • Innovation – Novelty & Intellectual Property (25%)
  • Scalability – Market Size & Sustainability (25%)
  • Competitive Positioning – Team & Advisors (25%)
  • Financials – Diagrams, graphs and financial charts can follow the text portion but are to be limited to 5 pages (not included in the word count) (25%)

In short, the business plan should address the following:

  • Who your customers are and management team
  • What is the status of product/service development
  • Why the reader should have confidence in investing in your business
  • Where will the products/services be introduced
  • When and how this business will be profitable
  • Whether the business is sustainable and scalable

Note: Plans are to be submitted in PDF format and must reach SMU no later than Friday, 12 April 2013.
Please click here for more information regarding submission requirements.

In addition: Please provide a one page summary of the business plan, which maybe shared with the media. It will also be printed in the souvenir booklet to be distributed at the Finals. This portion will not be included in the 3000 word count.
The top 6 teams progressing to the Finals will be announced by Friday, 17 May 2013.

3. Final Round:

The Final Round Presentations by the Finalists and Awards Ceremony dinner will be held on Friday, 23rd August 2013..

 A. Logistics and Travel Arrangements:

  • Finalists from overseas teams will receive a maximum of 2 economy class tickets (the most direct and economical route from the city of their home institution which they have registered from) to Singapore to compete in the Finals.
  • The 2 complimentary air-tickets are only for the core members of the team. If the team members consist of only 1 core member, the team will only receive 1 air-ticket to Singapore.
  • Each overseas team will receive 1 complimentary twin sharing deluxe hotel room for 6 days 5 nights (19 August 2013 - 24 August 2013). SMU will make the necessary arrangements with the hotel.
  • Sponsored accomodation includes only the cost of the room. Any miscellaneous expenses are to be borne by the team.
  • Each local team will receive 1 complimentary deluxe hotel (meant only for twin sharing) room for 5 days 4 nights (20 August 2013 - 24 August 2013). SMU will make the necessary arrangements with the hotel.
  • Sponsored accomodation includes only the cost of the room, with any miscellaneous expenses to be borne by the team.Other registered team members or advisors can accompany the team members if they desire, at their own cost.

 B. Entrepreneurship Study Mission (ESM)

 During the ESM, all finalists will meet local startup companies, angel investors and, perhaps most valuably, have access to rare networking opportunities with a spectrum of business mentors and serial entrepreneurs. Finalists will also visit incubators and network with early stage VCs and Technology Incubation Managers.

The ESM seeks to give all finalists a full flavour of the local innovation and entrepreneurship ecosystem.

C. The Presentation

  • Teams will not be allowed to revise their business plan for the Finals. However, a 1-page update can be handed out to the organiser via email three weeks before their presentation if the team so desires.
  • Only the core team members are allowed to make their presentation/answer questions from the panel of judges. There is no limit to the number of core team members who can make the presentation/take questions from the judges. To avoid any confusion, only the presenting core team members are allowed to respond to the questions from the judges. Non presenting core members and non-core members will not be allowed to respond to questions from the judges.
  • Teams will be required to draw lots to determine the order of presentation.
  • Each team will be given a total of 25 minutes (including time for Q&A from the judges).


We suggest that you distribute your time as follows:

Set-up time:

approximately 5 minutes

Presentation time:

approximately 10 minutes

Q&A:

approximately 10 minutes

 

  • The teams have the discretion to manage the first 15 minutes of the allocated time slot. The presentation will be stopped at the end of the first 15 minutes and the Q&A session will commence promptly. Do design your presentations with the time limits in mind.
  • Non-core members and non presenting core members cannot sit in during their team's presentation. That is to say, they are free to sit in throughout the presentation with the exception of their own team's presentation. This is to ensure that there is no communication between them and the presenting core team members. Presenting core members will be kept in a separate holding room until it is their turn to present.
  • Due to the confidentiality of the presentations, entry to the event is strictly by invitation only from SMU. We regret that we are unable to accommodate any requests from unrelated or external parties to the event.

D. Awards Ceremony

  • Every member (including the advisor to the team) of the finalist teams is invited to the event, which includes a formal sit down dinner at Carlton Hotel.
  • Further details will be sent to all finalists.


Prize Details:

Finalists

Prize Money

First Prize

US$36,000

Second Prize

US$12,000

Third Prize

US$3,000

Fourth - Sixth Prizes

US$500

Most Promising Young Entrepreneur Award

S$5000

 

One-third of the prize money will be given out after the Finals in August 2013, and after the organiser is satisfied and convinced that the rules, regulations and the spirit of the Competition were not violated in any way by the teams.
The remaining two-thirds of the prize money will go towards startup capital and will be disbursed to the corporate bank account of the respective teams. All funds are to be drawn down by 31 December 2013.

Most Promising Young Entrepreneur Award

Apart from the top 6 teams, for the first time there will also be an individual Most Promising Entrepreneur Award. This Award recognises outstanding entrepreneurial potential among the finalists (core members only).

The candidate will show a passion for entrepreneurship that extends beyond the purposes of the Competition. This could include but not be limited to: entrepreneurship education, relevant community or professional associations, involvements with entrepreneurship related programmes, or past track record. The candidate will have inspired peers and their community alike.

 Finalists are to send in an essay on "Why I should be receiving the Most Promising Young Entrepreneur Award". The essay should include, but not be limited to the following:-

  • Personal Statement
  • Referees' Comments
  • Evidence of Entrepreneurial Potential
  • Evidence of Entrepreneurial Involvements

 Important Dates:

Closing Date for Preliminary Round: 31 January 2013
Announcement of Semi-Finalists: 25 March 2013
Submission Deadline for Semi-Final Round: 12 April 2013
Announcement of Finalists: 17 May 2013
Finals and Awards Presentation Ceremony:  23 August 2013

Website: http://smu.edu.sg/lky

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