The 10th Lee Kuan Yew Global Business Plan Competition

Deadline
November 17, 2019

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Location (s):

  • Online
  • Singapore

Overview

The Lee Kuan Yew Global Business Plan Competition invites the brightest minds from the world’s most entrepreneurial universities to come together to address the challenges of the 21st century and reimagine the future.

Details

Addressing the challenges of the 21st Century

The Lee Kuan Yew Global Business Plan Competition (LKYGBPC) derives its name from Singapore’s founding Prime Minister, who developed the country’s defining business plan bringing Singapore onto the global stage. It is this spirit of entrepreneurship, innovation and ambition that the competition enshrines.

The LKYGBPC offers a unique platform for the upcoming generation of global innovators and entrepreneurs to reimagine cities into smart, sustainable and resilient communities.

THEME

  • Reimagine Smart, Sustainable and Resilient Cities

Organised by the Institute of Innovation and Entrepreneurship (IIE) at SMU, the 10th Lee Kuan Yew Global Business Plan Competition has been titled ‘Reimagine Smart, Sustainable and Resilient Cities’, with various verticals on sustainable urban innovations.

Applicable technologies that facilitate solutions for the listed verticals may include blockchain, virtual & augmented reality, data analytics & artificial intelligence, internet of things (IoT), 5G, robotics and more.

 

 

Key Dates

  • 25 Jul 2019: Launch of Competition
  • 13 Jan 2020: Announcement of Elite 100#
  • 20 Jan 2020: Announcement of RVLT 50#
  • 16 – 19 Mar 2020: Global Young Innovators Summit*
  • 20 Mar 2020: Grand Finals (Awards Presentation)

*Two representatives from RVLT 50 will be awarded with an all-expense paid trip for 1-week immersion programme in Singapore 

# Please refer to FAQ No.17 for elaboration on Elite 100 and RVLT 50.

Opportunity is About:


Eligibility

Candidates should be from:

Description of Ideal Candidate:

Categories

0 to 1

Pre-revenue teams with disruptive technology or business model innovations

  • Technology innovations that have emerged from academic research with commercialisation opportunities that may or may not be fully validated
  • Innovative business models that may or may not be fully validated
  • Team is in initial phases of ideation up to having a minimum viable product (MVP) that has yet to be launched in the market
  • A team should make up of at least 2 persons and up to 5 persons
  • Only the main applicant must be a polytechnic or full-time university students (including undergraduates, postgraduates and doctoral students) or university dropouts who did not complete their studies between 1 January 2015 to 25 July 2019, or alumnus of not more than five years upon graduation
  • The main applicant must be a founder of the company (or part of the founding team if the company has not been incorporated)

1 to ∞

Revenue-generating early stage start-ups, up to Series A

  • Startup is in phases of initial sales or looking to scale
  • Typically, product or service has launched in the market, and is seeking their next customer(s) and/or to enter a new market
  • A team should make up of at least 2 persons and up to 5 persons
  • Only the main applicant must be a polytechnic or full-time university students (including undergraduates, postgraduates and doctoral students) or university dropouts who did not complete their studies between 1 January 2015 to 25 July 2019, or alumnus of not more than five years upon graduation
  • The main applicant must be a founder of a company

Judging Criteria

Teams will be evaluated based on the following:

  • Innovativeness
  • Commercial Feasibility
  • Impact of Idea
  • Capability to Execute

Can non-business students enter the competition?

Yes. The competition is open to ALL full time polytechnic and university students (including undergraduate, postgraduates and doctoral students).


Dates:

Deadline: November 17, 2019


Cost/funding for participants:

Prizes

There is a total of up to S$1 million worth of prizes to be won. The Grand Prize will be awarded to the top winner from each of the two categories. Finalists also stand a chance to win other thematic cash, investment and in-kind prizes such as:

  • DBS Foundation Social Impact Prize
  • Sino-Singapore Nanjing Eco Hi-tech Island Investment Prize
  • NSCC Supercomputing Resource Prize
  • and more.

 

 

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