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 UniversityCompetition: Lee Kuan Yew Global Business Plan Competition
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:
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 2013The 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:
In short, the business plan should address the following:
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:
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
We suggest that you distribute your time as follows:
approximately 5 minutes
approximately 10 minutes
D. Awards Ceremony
Fourth - Sixth Prizes
Most Promising Young Entrepreneur Award
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.
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:-
Closing Date for Preliminary Round: 31 January 2013Announcement of Semi-Finalists: 25 March 2013Submission Deadline for Semi-Final Round: 12 April 2013Announcement of Finalists: 17 May 2013Finals and Awards Presentation Ceremony: 23 August 2013
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