A project organized by FOM as part of the University-wide Entrepreneurship Initiative

Update:

1. Dates for First & Second Progress Presentation dates changed.

2. Date added for Submission and for Product/ Service Showcase.

Objective:

To develop students’ thinking and reasoning abilities by involving them with the ideation process which concentrates on the process of generating, developing and communicating innovative ideas that will be proposed as a practical and commercial creative problem solution through the entrepreneurship framework at the academic programme level.

Participant:

  • Open to MMU Undergraduate and Diploma students who have great ideas or who have developed physical prototypes/services.
  • Teams can be of any reasonable size to give a breadth of expertise in technical and business related matters.
  • Team members must be represented by not only FOM students but also student/s from the other faculties who may contribute to the idea, talent or skills in the development of the proposed product or service.
  • Each team must be supervised by a Mentor who must be a FOM academic staff.


THINK (1st ROUND): Idea proposal

  • Registration from 22 July – 14 August 2017 (Please go to the link provided below)
  • Submission of idea proposal by 21 August 2017
  • Presentation of idea proposal date is 5 September 2017
  • Best five (5) teams will be selected and proceed to Round 2
  • All participants will be given certificates of participation
  • Best 5 teams will receive prizes worth RM50 each
  • The idea proposal will be evaluated by a group of expert panelists. The standard evaluation criteria are:

- Define what is the problem that is intended to be tackled and from which area of interest does the problem originate from (e.g. telecommunication, automotive, foods and beverages etc).

- Generate as many possible ideas/solutions to the defined problem.

- Decide which is the most effective idea/solution.


PITCH AND WIN (2nd ROUND): Business Plan

  • The five (5) finalists must prepare their team's Business Plan following the Business Canvas Model format

Please refer to: https://canvanizer.com/ for further information

  • Each team will be allocated up to a maximum of RM 200 to cover cost incurred during the preparation of the Business Plan
  • Pitching:

- The finalists will present their Business Plan to a panel of judges.

- Date of pitching is 2 October 2017

- Prizes worth: First: RM 500; Second: RM 300; other 3 teams will receive RM 150 each

- All participants will be given certificates of participation

- The first place winner will proceed to the 3rd Round

  • Product development:

- The winner will develop the proposed prototype of product/service.

- A maximum of RM 1,500 will be allocated to fund expenditures arise in developing the prototype of the

product/service.

  • Progress monitoring:

The team will present their progress on the prototype of product/service development on the following dates:

16 October 2017 and 3 November 2017

  • Prototype of product/service submission:

10 November 2017


3rd ROUND: Showcase of prototype of product/service

  • The team will showcase their prototype of product/service
  • Date : 15 November 2017

Mentor's roles:

  • Guide the team
  • Be present in every presentation
  • Submit progress monitoring report on 31 Oct 2017 and 23 Nov 2017 to Mr Muhammad Nizam Zainuddin
  • The mentor must prepare the account statement at the end of the project (Account template will be provided) and submit to Mdm Zarehan Selamat.