doctorjob.com.my - Community

1. Why should I participate in the HSBC Young Entrepreneur Awards?

Answers: These Awards are designed to offer you an excellent opportunity to exercise your imagination and learn entrepreneurial skills in a fun and exciting way.

The training workshops will enable you to acquire practical knowledge, which will help you foster your entrepreneurial skills.

You will be exposed to successful and influential people in the business world.

Outstanding performers will be rewarded and honoured with prestigious awards and attractive prizes.

2. What is required in my entry ('business idea')?

Answers: The emphasis is on the development of a business idea that will lead to the creation of a successful business venture or company.

The idea can be a product, a service or anything that creates income or value.

The idea may address the existing market demand or explore the new market niche.

The business idea must be commercially viable with a prospect of growth.

3. How many teams will be qualified to attend the Business Plan Writing Workshop?

Answers: Up to 30 teams short-listed for Round Two will be invited to attend the Business Plan Writing Workshop.

4. Is there any cost to enter the competition?

Answers: There is no cost for you to enter.

All participants will have to bear their own out-of-pocket expenses in preparing for the competition (e.g. postage cost of your entry).

5. Will I receive any funds or subsidies from HSBC Bank Malaysia Berhad to realise my business idea?

Answers: There will be no financial support from the Organiser to assist you in setting up your business.

Good ideas will be rewarded in terms of Awards and attractive cash prizes.

The Awards aim at providing you with the right training, exposure and education to foster your entrepreneurial skills.

6. Is it necessary for my team and I to give our student numbers and university particulars?

Answers: Yes, this competition is open to full-time degree and diploma students only. Hence you must provide proof that you are indeed a full-time undergraduate student in either a public or private university/college or higher learning institution based in Malaysia.

7. Can I change team members or the content of our proposal (business idea) after submission of my team's entry?

Answers: No. Once you have submitted your proposal (business idea), no changes to its content or change in team members will be accepted.

8. Are there any financial or geographical restrictions to my team's business proposal?

Answers: Your business proposal (business idea) can cost as much as your team likes but you must demonstrate that it is commercially viable and feasible (e.g. your business can generate enough revenue to cover the cost).

There are no geographical limits. Your team's proposed business can take place anywhere in the world.

9. If my team is selected, is it compulsory for us to attend the business plan workshop?

Answers: No, it is not compulsory for your team to attend.

However, your team will miss out a lot on useful information given during the workshop such as business plan format and judging criteria.

Also, the training provided is valuable, as it will help equip you for your future undertakings.

10. The rules specify that the Organiser shall own the copyrights of all the entries submitted. Can my team make use of our own business idea/s after the competition?

Answers: The Organiser needs to have the copyrights of your team's work for publicity purposes, to let it be publicised in newspapers, magazines and television programmes.

Your team is free to make use of your own business idea/s in whatever way you like.


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