Rules & Regulations
- Eligibility
- Composition of Teams
- Competition Requirements
- Confidentiality
- Submission Requirements
- Disqualification
Eligibility
The Competition is open to all full-time university undergraduates, college and polytechnic students (participants who are university undergraduates, college or polytechnic students during the period 1st January 2011 - 25 August 2011 are eligible to participate).
Winners of similar competitions are invited to participate if they meet the requirements above.
Composition of Teams
Participants can be in teams of minimum 1 person to a maximum of 5 persons (excluding faculty supervisor).
Eligible participants are considered as CORE team members. All other team members who fall outside this category are classified as NON-CORE members.
Teams must be made up of a majority of CORE members. For easy reference, the possible compositions of teams are:
| Number of team members | Core members | Non-core members |
| 5 | 5 | 0 |
| 4 | 1 | |
| 3 | 2 | |
| 4 | 4 | 0 |
| 3 | 1 | |
| 2 | 2 | |
| 3 | 3 | 0 |
| 2 | 1 | |
| 2 | 2 | 0 |
| 1 | 1 |
ALL team members (core and non-core members) are required to first register at the Registration and Submission page before submitting their business plan summaries online. No changes (replacements or additions) in the team are allowed after registration.
SMU will require verification of student status of teams who progress further in the Competition.
Competition Requirements
Participants are required to submit a business plan for a start-up or early stage venture. Proposals for merger/acquisitions of an existing company, consulting projects or licensing arrangements are not eligible.
An existing business is only eligible if it has received less than US$80,000 in funding and has less than US$100,000 in gross revenue as at 31st January 2011. All submitted materials must be the original work of the participating team.
Confidentiality
Participants retain all proprietary rights to the business plans. Copies of the business plans will only be circulated for judging purposes, and any hard copies will be returned by the judges to SMU after the judging is completed. All business plans received for the Competition will then be deleted and destroyed. All other requests for the business plans will be directed back to the participants.
Audio and video recordings of the Final Presentations will be made for SMU’s archival and competition's promotions purposes, and will not be circulated to other parties without prior consent.
A one page summary (to be contributed by the team) of the business plans that reach the Semi-Final will be featured in the souvenir booklet, which will be distributed at the Final, as well as targeted media releases.
The media will be invited to attend the Final. Any media requests will be directed back to the teams.
Although the agencies respect the propriety rights of the participants and will endeavour to protect their rights, the organiser will not enter into any non-disclosure statements of agreements with any parties.
For enquires, please e-mail us at lkystaff@smu.edu.sg
Submission Requirements
Submissions for all stages:
To ensure fair and unbiased judging, business proposals must NOT contain, anywhere, the names of the students, contact details and the names of their institutions. We assure all participants that we are able to track efficiently and effectively the progress of all business proposals without errors.
All business plans and presentations are to be in the English language.
All timings indicated are in the Singapore time zone (+0800 GMT) .
Preliminary Round
- Business plan summaries must not exceed 1000 Words (financial budget and statements are not included in the word count).
- No financial projections are required for this round.
- Business plan summaries are to be submitted online.
- All online submissions are to be in .pdf format and the maximum file size is 3MB.
- Submission deadline: Monday, 31 January 2011.
Semi-Final Round
- Business plans must be double spaced, in 12 point times new roman font with 1 inch margin.
- Word limit of 3000 Words will apply (financial projections are not included in the word count).
- Teams will have to provide a one page summary of their business plan, which may be shared with the media. This portion will not be included in the 3000 word count.
- The 15 teams will need to submit a 3-minute video footage of their team presenting their business ideas, to compete for a berth in the top 6. Please upload this video presentation via YouTube and add the link in your business plan write-up
- All submissions are to be in .pdf format. Submission instructions will be sent directly to the top 15 teams.
- Semi-finalists submission deadline: Friday, 29 April 2011.
Disqualification
The organizer reserves the right to disqualify any teams who violate the rules, regulations or spirit of the competition.
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