Allianz Young Entrepreneur Challenge

Free

17 September 2024 - 03 November 2024

Taylor's Lakeside Campus (Semi Final)

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ABOUT THE CHALLENGE

Want to Test Out Your Business Idea with Free Capital?

 

Get ready to bring your entrepreneurial ideas to life with the Allianz Young Entrepreneur Challenge! This exciting event is presented by Allianz Malaysia and supported by BizPod, providing you with the opportunity to transform your business concepts into reality. It is a multi-level competition where university students form teams, develop business ideas, and compete through various stages to become the national champion of Allianz Young Entrepreneur.

APPLICATION TIMELINE

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JUDGING CRITERIA

STAGE 1 (PRELIMINARY ROUNDS)

  • Innovation
  • Feasibility
  • Financial viability and market potential

STAGE 2 (SEMI-FINALS)

  • Depth of analysis
  • Strategic thinking
  • Execution plan
  • Presentation skills

STAGE 3 (FINALE) - OVERAL BUSINESS EXECUTION

  • Booth setup
  • Teamwork
  • Operational efficiency
  • Sales performance

WHAT'S IN IT FOR YOU?

CHAMPION

  • 100% of profit earned during the AweZome Discovery Finale (inclusive of RM1,000 modal)
  • RM3,000 prize
  • Certificates

2ND PLACE

  • 100% of profit earned during the AweZome Discovery Finale (inclusive of RM1,000 modal)
  • RM2,000 prize
  • Certificates

3RD PLACE

  • 100% of profit earned during the AweZome Discovery Finale (inclusive of RM1,000 modal)
  • RM1,000 prize
  • Certificates

FAQS

What is the Young Entrepreneurship Challenge (YEC) about?

What is the Young Entrepreneurship Challenge (YEC) about?

The Young Entrepreneurship Challenge (YEC) is a competition designed to encourage and support young aspiring entrepreneurs in developing and pitching their business ideas. Participants are tasked with creating a comprehensive business plan and presenting it to a panel of judges. The challenge often includes several stages, such as drafting a business proposal, receiving mentorship, pitching to a panel of judges, and if qualified, compete in a 2-day retail challenge at Pavilion Bukit Jalil.

 
Who is eligible?

Who is eligible?

  • Open to Malaysian and International students.
  • Students from any programme at Taylor's University or Taylor’s College are welcome to apply.
How long is the Young Entrepreneurship Challenge?

How long is the Young Entrepreneurship Challenge?

The challenge unfolds over multiple stages:

 

Preliminary Rounds (9 August - 23 September)

  • Drafting Business Proposals: 9 August - 17 September
  • Final Screening of Proposals: 17 September - 23 September
  • Mentorship and Guidance: 23 September - 2 October, with support from BizPod mentors

Semi-Finals (2 October)

  • Participants will present their business proposals to a panel of judges at Taylor's University- Lakeside Campus.
  • Finalists for the YEC Challenge will be announced.

Finals (2 - 3 November)

  • Finalists will compete in a two-day retail challenge at Pavilion Bukit Jalil.

 

Overall Challenge Duration: 9 August - 3 November (duration may vary based on progression through the rounds).

 
Where will the challenge be held?

Where will the challenge be held?

The semi finals will take place at Taylor's University on 2 October 2024.


Teams that advance to the finals will compete at Pavilion Bukit Jalil on 2 and 3 November 2024.
What time will the challenge be held?

What time will the challenge be held?

The Semi finals will be held from 2:00 PM - 4:30 PM
What type of products can teams come up with?

What type of products can teams come up with?

Teams can develop any product or idea, including arts, crafts, services like applications, e-commerce platforms, and more.

 

However, food and beverage products are strictly prohibited.
What platform do we use to draft our business proposal?

What platform do we use to draft our business proposal?

Participants are required to use Powerpoint presentation to draft their business proposal.
Is there a maximum number of slides for the business proposal?

Is there a maximum number of slides for the business proposal?

A maximum of 10 pages of slides.
How long will the presentations be?

How long will the presentations be?

Presentations will span for 10 minutes.
When will BizPod mentorship be provided?

When will BizPod mentorship be provided?

Mentorship to refine business proposals will be scheduled between 23 September until the presentation on 2 October. 

The mentorship is only applicable to candidates who pass the final screening of proposals in the preliminary rounds.
Are certificates provided to all participants?

Are certificates provided to all participants?

Certificates will be provided for:

 

Certificate of Participation

  • YEC: Awarded to semi-finalists who will be presenting on AweZome Day
  • Any students who participated in the AweZome Talk

 

 

Certificate of Achievement

 

  • Top 3 from YEC

 
What prizes can participants expect from this challenge?

What prizes can participants expect from this challenge?

  • Semi-Finalists: Participants who reach the semi-finals will receive certificates of participation.
  • Finalists: Those who advance to the finals will be awarded certificates, RM 1,000 in funding, and the opportunity to keep all profits earned from the retail challenge.