2015 Lee Kuan Yew Global Business Plan Competition for Students (US$60,000 and business development opportunities)

Application Deadline: 31 Jan 2015

The eighth biennial Lee Kuan Yew Global Business Plan Competition, an event named after Singapore’s first Prime Minister who’s widely recognised as a strategic thinker and a global visionary.
Organised specially for undergraduate, college and polytechnic students around the world, the competition continues to be a platform for entrepreneurs of tomorrow. Participants will be able to showcase their business plans and entrepreneurial talents on a global stage, attract seed funding to further their business ambitions as well as extend their network of friends and business contacts through the Competition.
  • Participants stand to win up to US$60,000 in cash, prizes and business development opportunities.
  • Overseas finalists will receive 5-night hotel stay in Singapore for 2 core team members.

Eligibility

The Competition is open to all full-time university undergraduates, college and polytechnic students (participants who are university undergraduates, college or polytechnic students during the period of 1st January 2015 – 20 August 2015 are eligible to participate).

Winners of similar competitions are invited to participate if they meet the requirements above.

Competition Requirements

  • Participants are required to submit a business plan for a start-up or early stage venture. Proposals for merger/acquisitions of an existing company, consulting projects or licensing arrangements are not eligible.
  • An existing business is only eligible if it has received less than US$80,000 in funding and has less than US$100,000 in gross revenue as at 31st January 2015.
  • All submitted materials must be the original work of the participating team. A declaration to this effect will need to be submitted along with your proposal (click here to download declaration form).
  • Each team is eligible to submit one idea. In the event of multiple submissions by a team the last submission made by the team will be considered for evaluation.

PRIZES

Winners of this Competition stand to win the following:
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

**Most Promising Young Entrepreneur Award

Apart from the top 6 teams, there will also be an individual Most Promising Entrepreneur Award. This Award recognises outstanding entrepreneurial potential among the finalists.

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” to lkystaff@smu.edu.sg by 31rd July 2015. The essay should include, but not be limited to the following:-

  • Personal Statement
  • Referees’ Comments
  • Evidence of Entrepreneurial Potential
  • Evidence of Entrepreneurial Involvement

Timeline:

 

Launch of Competition Wednesday, 15 Oct 2014
Closing Date for Preliminary Round Saturday, 31 Jan 2015
Announcement of Semi-Finalists Monday, 30 Mar 2015
Submission Deadline for Semi-Final Round Friday, 24 Apr 2015
Announcement of Finalists Monday, 25 May 2015
Entrepreneurship Study Mission for Finalists Monday to Thursday, 17-20 Aug 2015
Finals & Awards Presentation Ceremony Thursday, 20 Aug 2015

Application:

Fill Out the Application

For More Information:

Visit the Official Webpage of the Lee Kuan Yew Global Business Plan Competition

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