The Singapore Management University invites applications for the seventh biennial Lee Kuan Yew Global Business Plan Competition, named after Singapore’s Minister Mentor, widely acknowledged as a thinker and a global visionary.
The Competition is 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.
SMU’s Institute of Innovation & Entrepreneurship is the organiser of the competition together with SMU students.
Preliminary Round
Business plan summaries are to be submitted online via this link.
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%)
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 Submission: January 31st 2013
The top 15 teams progressing to the Semi-Finals will be announced by Monday, 25 March 2013 .
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:
- 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
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 .
Final Round
The Final Round Presentations by the Finalists and Awards Ceremony dinner will be held on Friday, 23rd August 2013
For Information About the Competition Rounds Visit the Links Below:
The winning team will walk away with US$36,000 in prize money, on top of other prizes and business development opportunities. International teams who have qualified for the final round will have their lodging provided for two core team members for five nights. Applications close January 31, 2013. For more information on the rules and regulations, you can visit the Lee Kuan Yew Global Business Plan Competition website or follow the competition updates at its Facebook page.