Monash Business

Ideation Challenge 2019




What's you next GREAT IDEA?





ABOUT MBIC19


Monash Business Ideation Challenge (MBIC19) is a business competition designed for pre-university students to explore, create and innovate business ideas for national and global communities.


You will learn how to develop your idea into a business model and to pitch it to the industry.


CHALLENGE TASK

Your challenge is to develop your idea into a business model.

And in founding your idea, you should incorporate two fundamental aspects:

COMMERCIAL

Ideas that have the potential to generate profit.

SOCIAL IMPACT

Ideas that have positive social impact - on people and planet.

COMPETITION STAGES


STAGE 1: What is your Idea?

Got a great idea? Are you ready to solve an issue within your community? Or keen to start a business? Come tell us about it!


Submission deadline:

20 November 2019

STAGE 2: Accelerate Workshop & Virtual Submission

Venue: Monash University Malaysia

Individuals with the top ideas are invited to participate in a 2-day workshop on design-thinking at Monash University Malaysia. You will be provided with the tools to develop your idea into a business model and learn how to pitch it from business mentors.

Virtual Submission: Post-workshop, participants will have two weeks to fine tune their ideas into a business proposal. Top submissions will then be invited for the Final Pitch presentation.

STAGE 3: Final Pitch Presentation

Venue: Monash University Malaysia

Participants will present their business proposal to a judging panel of academics and industry practitioners.

In addition to presenting their pitch, participants will be tasked to address new set of constraints specific to each finalist’s proposed solution and reflecting on real-world issues in order to make their ideas a reality.


ELIGIBILITY


Open to Pre-University students who want to pursue a Business degree at Monash University Malaysia in 2020.

PRIZES


FIRST PRIZE

One 100% Scholarship* for the Bachelor of Business and Commerce program + RM 500 Cash Prize + Monash Business Ambassador Program*

SECOND PRIZE

One 50% Scholarship* for the Bachelor of Business and Commerce program + RM 500 Cash Prize + Monash Business Ambassador Program*

THIRD PRIZE

RM 500 Cash Prize + Monash Business Ambassador Program*

And other consolation prizes.

*Terms and conditions apply.

1. The scholarship is exclusive to the Bachelor of Business and Commerce program offered at Monash University Malaysia, and is not transferable to any other programs offered by Monash University Malaysia or other international campuses of Monash University. Scholarship recipients must meet the entry requirements of the program.

2. Monash Business Ambassador Program is a unique leadership and career accelerator program for Monash Business students.

To participate, head over to the 'Enter Now' page to submit your idea!