Two DAC students, Cheryl Lai and Javin Chan Jun Wei, emerged as the first-runner up in the University of Newcastle (UON) Singapore Business Plan competition 2016 on 3 September 2016.
About the competition:
In line with the Singapore’s Smart Nation vision to transform the country for the better through infocommunication and technology, UON Singapore organised a business plan competition to strengthen the rigour of youths in developing compelling and smart creative concepts and ideas. The competition was organised to encourage and nurture the entrepreneurial culture among youths between the ages of 16 to 35 years old who are pre-university students from colleges, polytechnics, ITE’s and private education institutions. Participants developed their business plan with the aim of improving the lives of citizens by harnessing technology (and its rise) to the fullest to create stronger communities as part of the Smart Nation vision.
The competition theme of 'Innovative Entrepreneurship for the 21st Century' was initiated to create opportunities for youths and encourage them to become leaders in their space of interest, recognise youths’ business ambitions and allow participants to create new networks of friends and contacts.
A total of 8 teams formed by students from Singapore Polytechnic submitted their business plans in the preliminary round, which saw a fierce competition amongst 53 teams and 187 participants from ACS (independent), Duman High, CJC, HCI, RI, VJC, Tampines JC, Innova JC, Meridian JC, NYP, RP, TP, ITE, NPS international school and Stamford American International School.
Despite being a two-man team, Cheryl and Javin beat many other 4-man teams and emerged as one of the 5 finalist-teams. They presented their business case to the panel of judges on Saturday, 3 September 2016 at WDA Lifelong Learning Institute and emerged as the first-runner up. The judges were so impressed with their business idea that they offered to give their help to Cheryl and Javin should the pair decides to pursue their business idea further.