The Bangkok Business Challenge
February 23, 2019
The objectives of this challenge are:
- To encourage new venture creation by instilling entrepreneurial spirit into graduates' minds
- To provide an international platform in which representatives from postgraduate programs across the globe compete, learn from each other and foster stronger networks
- To provide a business matching platform for start-ups, potential partners and investors
- To bring sustainability concerns to mainstream commercial ventures
General Rules & Regulations
The proposed venture must be for an independent and scalable seed-stage start-up business that is seeking to raise external capital and must address the entire business concept including implementation and financial projection. Ventures that have generated revenue or raised external capital prior to the current academic year are NOT eligible. Proposals for buy-out, expansion or development of an existing business, tax-shelter opportunities, real estate syndications, subsidiaries, franchisee and other consulting projects or analyses are NOT eligible. A venture that does not conform to this rule will be IMMEDIATELY DISQUALIFIED.
The minimum venture size, in terms of funding requirements, must be 500,000 US Dollars. Methods of financing may be combined among bootstrapping, grants, angel/venture capital investments and debt. A venture that does not conform to this rule will have 10 marks deducted from the total score of 100 marks.
All currencies used throughout the competition must be in US Dollars only
In all cases, the judges' decision is final.
The judging criteria will be heavily weighted on the commercial potential of the business and the credibility of the stated claims, projections and assumptions. Whilst new-to-the-world products or inventions are not necessary, teams should clearly demonstrate their product's or service's competitive advantage that may include intellectual property protection issues. Judges look favorably upon high potential, growth-oriented businesses catering to large markets.
Each round will be evaluated via the following:
First Round evaluation will be 100% based on the Summary Business Plan.
Thailand Track Round evaluation will be 40℅ based on the submitted Written Business Plan only and 60℅ based on overall Business Viability as expressed in the submitted Written Business Plan, Formal Presentation, Question & Answer.
Semi-Final Round evaluation will be 40% based on the submitted Written Business Plan only and 60% based on overall Business Viability as expressed in the submitted Written Business Plan, Formal Presentation, Question & Answer, and Venture Exhibit.
Play-off Round and Final Round evaluation will be 100% based on overall Business Viability as expressed in the submitted Written Business Plan, Formal Presentation, Question & Answer, and Venture Exhibit.
The result of each presentation round will be determined by the sum of judges' ranking. Should the sums be equal, total raw scores will be used to determine the winner.
The judges' decisions are deemed as final in all cases.