THE finals for the HSBC Young Entrepreneur Challenge 2012 formerly known as the HSBC Young Entrepreneur Award were held yesterday at the Radisson Hotel where five teams competed for the chance to represent Brunei in the regional finals to take place in Hong Kong, China later this year.
Out of the many hopeful teams who competed in the first leg of the competition, only five were selected to share their ideas and business plans in the Regional finals of the HSBC Young Entrepreneur Challenge.
In the end, team “Kin-Ethics” which comprised of students from Universiti Brunei Darussalam (UBD) Lim Kwok Chuen, Hj Abd Aleem Hj Abdullah and Nimewirnah Hanafi wowed the judges with their innovative business plan of creating a revolutionary smartphone battery which constantly charges thanks to Kinetic energy. A prototype of their brainchild was also presented during the event.
Apart from winning themselves $3,000, the gold team from Brunei will compete against other gold teams from Malaysia, Thailand, Indonesia, Bangladesh and Hong Kong, standing a chance to win a self development fund of HK$100,000 ($20,000)
The judges during the day were Shazali Sulaiman, Resident partner of KPMG Auditors, Rosdi Amin Yaakub the Deputy Chief Executive Officer and Head of Corporate Banking, HSBC Brunei, and Dr Joyce Teo Siew Yean the Deputy Dean of Postgraduate Studies and Research, UBD.
The Silver Award was presented to team “Be Creative!” which comprised of brothers Abd Muizz Mohd Salleh who currently studies in Brunei Polytechnic and Mohd Alif Mohd Salleh who is currently enrolled at the Business School. Their winning business plan is “Designtani.com”, an online platform where ladies are able to design and create their own customised textile from the pattern, colour and even fabric, all of which is accessible from a website. Be Creative! was presented with a trophy and $2,500.
The Bronze Award went to Team UBD SCOT (Student Community Outreach Team) comprising fellow UBD alumni, Ahmad Hamiz Jaman, Khairul Azmi Salleh, Muhd Farhan Azama, Zuratul Nadhirah Zulkifli. Their winning business plan is The Green Xchange Inc, a social enterprise that offers recycling and breakdown services. They explained that the company encourages customers to collect recyclable materials and exchange them with basic commodities or cash payment in return. The team was awarded with a trophy and $1,500.
Present during the event as the guest of honour was Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr) Hj Awang Abu Bakar Hj Apong the Minister of Education accompanied by Hj Mahrub Hj Murni, the ministry’s Permanent Secretary (Core Education). Also present were the senior Managers of HSBC which includes Vincent Ho the Chief Executive Officer, HSBC, Lim Boon Teck, Manager Corporate Responsibility, HSBC.
“Today’s event serves as a platform for youths to express their ingenuity and entrepreneurial spirits, both are essential qualities for tomorrow’s business leaders,” said the CEO of HSBC, Brunei.
“This competition is not merely about winning awards. In essence it is about the participant’s own journeys. How they have all managed to take a simple idea and developed that idea into a viable business premise,” he added.
The competition is the fifth of its kind in Brunei. It was first launched in Hong Kong in 2000. As of 2008-2009 the competition has attracted more than 16,000 students with more than 6,270 innovative ideas created. The HSBC Young Entrepreneur Challenge 2012 is a Business plan writing competition open to full time undergraduates or full time post graduate students from universities, colleges or vocational education institutions.
Other winners during the day was “Inside the Box” and “Bru-Greenaly” who both walked home with $500. The Brunei Times
Source: The Brunei Times
Author: Adib Noor
Published Date: 10 July 2012