Founded in 2001, Lee Kuan Yew Global Business Plan Competition was named after Singapore’s Minister Mentor, widely acknowledged as a thinker and a global visionary. Organised specially for undergraduate, college and polytechnic students around the world, the competition continues to be a platform for entrepreneurs of tomorrow. Participants will be able to showcase their business plans and entrepreneurial talents on a global stage, attract seed funding to further their business ambitions as well as extend their network of friends and business contacts through the Competition.
Participants stand to win up to US$60,000 in cash, prizes and business development opportunities. Overseas finalists will receive 5 night hotel stay in Singapore for 2 core team members.
SMU's Institute of Innovation & Entrepreneurship is the organiser of the competition together with SMU students.
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.
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.
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.