Deadline: 20-Feb-22
Applications for SCG Bangkok Business Challenge are now open.
Objectives
- Scalable New Venture Creation: To encourage scalable new venture creation by instilling entrepreneurial spirit into graduates’ minds and planting the seeds of entrepreneurship and innovation within institutions of higher learning
- International Platform: To provide an international platform in which representatives from all programs across the globe compete, learn from each other, and foster a stronger network
- Commercial Value For R&D Efforts: To create commercial value for R&D efforts, especially those originating from university research centers
- Business Matching Platform: To provide a business matching platform for start-ups, potential partners, and investors
- Sustainability: To bring sustainability concerns to a mainstream commercial venture
Prize Information
Teams will not only be competing for the most prestigious prize of all, H.M. The King of Thailand’s Award that was originally kindly bestowed by His Majesty the late King Bhumibol Adulyadej (King Rama IX) and subsequently by King Maha Vajiralongkorn (King Rama X), but also have the opportunity to acquire over US$60,000 in cash awards.
Competition Format
- All applicants are assessed based on their submitted Pitch Deck and optional Video Pitch. The top 12 teams representing Thai academic institutions are then invited to compete in the Thailand Competition, while the top 19 teams from ANY country are invited to compete in the Global Competition.
- The winner of the Thailand Competition will be eligible to compete in the Global Competition as the 20th team, unless they have already been invited from the First Round. If that is the case, the team that placed below them in the Thailand Competition will be invited instead.
Rules
- The proposed venture must be of an independent and scalable seed-stage startup 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 (beyond family and friends) prior to the 2021 calendar year (January 1st, 2021) are NOT eligible. Proposals for buy-out, expansion or development of an existing business, tax-shelter opportunities, real estate syndications, subsidiaries, franchisees and other consulting projects or analyses are NOT eligible. A venture that does not conform to this rule will be immediately disqualified
- Participants in both the Thailand and Global Competitions must attend in person to be considered part of the competition
- The venture size, in terms of funding required from outside investors (including the current ask), must be at least US$500k. 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% deducted from the total presentation score in the relevant round
- The proposed venture must NOT be one that has previously competed in the presentation rounds of the Bangkok Business Challenge before
- All currencies used throughout the competition must be in US Dollars only
- In all cases, the judges’ decision is final
Team Eligibility
- All full-time and part-time undergraduate and postgraduate students in any degree program currently enrolled in the 2021 calendar year are eligible to participate
- Each team must contain TWO to FIVE members in total (excluding the faculty advisor)
- Each team may have up to ONE non-student member in the team essential to the venture
- Each team must have the support of ONE faculty advisor from the institution the team represents, and must have most of the members be currently enrolled in this institution
For more information, visit https://bbc.sasin.edu/2022/