Lee Kuan Yew Global Business Plan Competition 2020 for Innovators and Entrepreneurs (up to S$1,000,000 in prizes)

Lee Kuan Yew Global Business Plan Competition 2020 for Innovators and Entrepreneurs (up to S$1,000,000 in prizes)

Deadline: November 17, 2019

Applications for the Lee Kuan Yew Global Business Plan Competition 2020 are now open. The competition offers a unique platform for the upcoming generation of global innovators and entrepreneurs to reimagine cities into smart, sustainable and resilient communities.

The Lee Kuan Yew Global Business Plan Competition (LKYGBPC) derives its name from Singapore’s founding Prime Minister, who developed the country’s defining business plan bringing Singapore onto the global stage. It is this spirit of entrepreneurship, innovation and ambition that the competition enshrines.

Organised by the Institute of Innovation and Entrepreneurship (IIE) at SMU, the 10th Lee Kuan Yew Global Business Plan Competition has been titled ‘Reimagine Smart, Sustainable and Resilient Cities’, with various verticals on sustainable urban innovations. Applicable technologies that facilitate solutions for the listed verticals may include blockchain, virtual & augmented reality, data analytics & artificial intelligence, internet of things (IoT), 5G, robotics and more.

Prizes

  • LKYGBPC Smart City Grand Prize (Category 0 to 1)
  • LKYGBPC Smart City Grand Prize (Category 1 to ∞)
  • DBS Foundation Social Impact Prize
  • Kajima Smart Construction Deployment Prize
  • Wavemaker Partners Enterprise Startup Award
  • Sino-Singapore Nanjing Eco Hi-tech Island Investment Prize
  • NSCC Supercomputing Resource Prize
  • Protege Futurist Investment Prize
  • Women Entrepreneur Prize
  • Best Professor-Student Team
  • Best Presentation
  • People’s Choice Award

See full prizes details

Eligibility

Teams must meet all the following eligibility requirements in order to be selected to compete:

  • Category 0 to 1: Pre-revenue teams/startups with novel technology or business model innovations
    • Technology innovations that have emerged from academic research with commercialisation opportunities that may or may not be fully validated
    • Innovative business models that may or may not be fully validated
    • Team is in initial phases of ideation up to having a minimum viable product (MVP) that has yet to be launched in the market
    • A team should make up of at least 2 persons and up to 5 persons
    • The main applicant must be a polytechnic or full-time university students (including undergraduates, postgraduates and doctoral students) or university dropouts who did not complete their studies between January 1, 2015 to July 25, 2019 or alumnus of not more than five years upon graduation
    • The main applicant must be a founder of the company (or part of the founding team if the company has not been incorporated)
  • Category 1 to ∞: Revenue-generating early stage start-ups, up to Series A
    • Startup is in phases of initial sales or looking to scale
    • Typically, product or service has launched in the market, and is seeking their next customer(s) and/or to enter a new market
    • A team should make up of at least 2 persons and up to 5 persons
    • The main applicant must be a polytechnic or full-time university students (including undergraduates, postgraduates and doctoral students) or university dropouts who did not complete their studies between January 1, 2015 to July 25, 2019 or alumnus of not more than five years upon graduation
    • The main applicant must be a founder of a company
  • Each individual member may be a part of only 1 team. In the event that members are part of more than 1 team, all such teams will be disqualified.

Judging Criteria

Teams will be evaluated based on the following:

  • Innovativeness
  • Commercial Feasibility
  • Impact of Idea
  • Capability to Execute

Application

Entries will be evaluated online by an international panel of judges and a total of 100 entries – the Elite 100^, will be selected to proceed into the next round.

Please submit the following for your application:

  • Executive Summary (not more than 500 words, in pdf)
    • File should be named in this format: Summary_TeamName.pdf
  • Pitch Deck presentation (no more than 20 slides, in pdf)
    • File should be named in this format: Presentation_TeamName.pdf
  • Optional submission of a video presentation that is not more than 5 minutes (mp4 format preferred, with resolution no greater than 360 pixels)
    • File should be named in this format: Video_TeamName.mp4

Click here to apply

For more information, see FAQ or visit Lee Kuan Yew Global Business Plan Competition.

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