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The Young Entrepreneurs Development Council (YDC) is again sponsoring a business plan competition, YDC E-Challenge 2006, amongst all university students in Hong Kong. This is the sixth year that YDC has organized this annual competition.
The winning team and first and second runner-ups will win cash prizes up to HK$30,000 and have a chance to represent Hong Kong in regional/global business plan competitions. YDC will hold a briefing on Wednesday, 8 February 2006. You are invited to attend this briefing to get firsthand information about this competition. Details are as follow:
Briefing on YDC E-Challenge 2006 Business Plan Competition
WHEN: Wednesday, 8 February 2006 at 4:00pm to 5:30pm
WHERE: Room 2404, Academic Building (Enter via Lifts 17-18)
HOW TO SIGN UP: Online Registration on YDC's website (Registration closed)
Since its inception in 2000, more than 2,100 students in 530 teams have participated, and YDC has sent three champions representing Hong Kong to join global business plan competitions organized by Stanford University and National University of Singapore, respectively.
The competition is open to all full-time university students in Hong Kong. Teams of 2-7 members are required to find a faculty advisor to provide guidance in developing the business idea. This year, the competition will consist of three phases:
Phase I: Each participating team must submit a 3-page Executive Summary for preliminary screening; about 50 teams will go forward to the Semi-finals.
Phase II: Each semi-finalist team must submit a 5-page Investment Proposition Teaser and a 5-min DVD Presentation for Semi-final Judging; 10 plans will be selected for the Finals.
Phase III: Each finalist team must submit a 30-page Business Plan to YDC Office and make an Oral Presentation to the Final Judging Panel.
The annual YDC E-Challenge is not only a competitive event; it also offers a great learning opportunity for all participants. Students who register to join the competition will be entitled to attend four workshops to enhance their entrepreneurial and business plan writing skills. These workshops will be led by leading entrepreneurs, venture capital and communications experts who will help students connect to the business world prior to making their entries. YDC will also assemble a group of seasoned entrepreneurs to act as mentors, advising them on their business plan development.
For competition guidelines, key dates, how to register and other details about the competition, please visit YDC's website.