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Introduction
Background
The Young Entrepreneurs Development Council Entrepreneurs' Challenge (YDC E-Challenge), a business plan competition open to all full-time tertiary students in Hong Kong universities and other tertiary institutions, has been annually organized by YDC in collaboration with Stanford University since 2000. Following the success in the past ten years, YDC is proud to present YDC E-Challenge 2010.
The competition is designed to provide students with exposure to the entrepreneurial community. It helps students to develop the skills required to facilitate an entrepreneurial spirit and mindset.
YDC organizes this business plan competition as part of its continuous efforts to generate the best way to put Hong Kong's talents and skills into our innovation and knowledge based society. Full-time tertiary students at all levels are invited to put their new business ideas to the test. Finalists can have the opportunity to present those business ideas to a judging panel comprised of seasoned entrepreneurs, venture capitalists and other professionals. Commencing from E-Challenge 2009, the final round will be conducted in 'Open Judging' format providing a chance for the final teams to present their business ideas in front of a public audience. The winning teams may have a chance representing Hong Kong to join other regional or global business plan competitions, such as Startup@Singapore and "The University Business Plan Proposal of China". Details will be announced in due course.
Prizes
| Grand Prize |
HK$30,000 |
| 1st Runner Up |
HK$20,000 |
| 2nd Runner Up |
HK$15,000 |
Provisional Competition Schedule
| Phase I - Preliminary Round |
End of January to 12th February |
Briefings to be held at universities in Hong Kong |
6th March (Sat) |
Deadline for Pre-registration |
6th March (Sat) |
Workshop I |
13th March (Sat) |
Workshop II |
26th March (Fri) |
Deadline for submission of Executive Summary
(no more than three pages) |
29th March to 8th April |
Preliminary screening by judges ( at most 45 teams will be selected to the semi-final round) |
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| Phase II - Semi-final Round |
10th April (Sat) |
Workshop III |
13th April (Tue) |
Email announcement of semi-finalist teams |
28th April (Wed) |
Deadline for submission of investment proposition teaser (no more than five pages) and DVD of 5-minute presentation |
8th May (Sat) |
Meeting of semi-final judges to determine 8 finalist teams and 3 advanced teams |
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| Phase III - Final Round |
10th May (Mon) |
Announcement of finalist teams |
May to Mid June |
Mentorship program for finalists |
15th May (Sat) |
Workshop IV |
10th June (Thu) |
Deadline for submission of business plans (no more than 30 pages of text, graphics and appendices) |
19th June (Sat) |
Open Judging Presentation |
25th June (Fri) |
Press Conference to announce the Winning Teams |
Introductory briefings will be held by YDC at all the universities in Hong Kong in end of January to 12 February 2010. Students interested to participate in this competition are welcomed to attend. The briefing schedule will be announced soon while seat reservation can be done via Briefing Registration.
Workshops are key components of YDC E-Challenge 2010. The workshops are scheduled to correlate with milestones in the competition process. Students who would like to attend are required to complete the Online Pre-registration process. The deadline will be on 26th February 2010. For details, please refer to Guidelines.
We highly recommend all participants to join the workshops. Participants will find it interactive and be able to have their questions answered by experts in their fields. These workshops will be useful both in preparation for YDC E-Challenge 2010 and exposing participants to entrepreneurial experiences. Details and registration method of the workshops will be announced via email to students who successfully complete the Online Pre-registration process. All competition registrants are welcomed.
To help finalists prepare their final business proposal for judging, YDC with the effort of our supporting partners of recruited seasoned entrepreneurs to act as mentors and advise the final teams on their specific business ideas. First mentorship meeting between teams and their mentors will be arranged by YDC. Finalist teams are required to present their business ideas and the blueprint of the business plan to the mentors during the meeting. To know more about Mentorship Program, please visit Words of Mentor.
For the details about competition and registration, please refer to the Guidelines.
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