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International Business idea Competition 2015
Rules and Guidelines
On the successful of BIC2014 at national level has led the University to once again organize the
the International Business Idea Competition 2015 (IBIC2015). It will be happening again this
year providing a platform for the students and lecturers to showcase their business ideas
through creativity and innovation for various categories offered. It is proudly hosted by
Universiti Teknologi MARA (UiTM) Kedah and organized by MASMED which is an entity
devoted to support and facilitate entrepreneurship in the university. This competition invites all
public and private universities, colleges and polytechnics throughout world in competing for the
cash and prizes.
The main objectives of International Business Idea Competition 2015 are:
I.
II.
III.
1.0
To provide platform for participants to expand business contact with other participants
from various universities throughout the world and various disciplines who have the
knowledge and skills that could potentially be shared and used as a business
oppurtunity.
To promote healty competition among participants in nurturing the idea of
entrepreneurship.
To promote the noble spirit of entrepreneurship among participants both in university
and after the graduation.
GENERAL INFORMATION
1.1 All rules provided by organizer are fixed.
1.2 The decision made for this competition is final.
1.3 Target group/individual
1.3.1
This competition is open to any students in any dicipline in Public and Private
Universities in Malaysia and throughout the world, Malaysia higher learning
institutions (IPTA, IPTS, Polytechnic and Colleges) and the educators who
interested to participate.
1.4 Advisor/Liaison Officer
1.4.1
An advisor acts as the coach and liaison officer to the host should be nominated
and responsible to handle the students. This is not applied to the educators
paticipate for the competition.
1.4.2
The advisor is not allowed to participate in the competition and will be not
involved during the presentation time.
1.5 Venue
1.5.1
The competition will be held at SP Inn, Jalan Kolam Air, 08000 Sungai Petani,
Kedah, Malaysia. The secretatriat has the right to change the venue of
competition.
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1.6 Important Dates
2.0
1.6.1
12 June 2015 – Insitiutions that wish to participate must have completed and
returned the registration form together with the payment of the competition fee.
1.6.2
13-14 September 2015 – Succeed business idea will be announced at the end
of each category by ranking.
PARTICIPATION
2.1 There are two (2) saperated track: 1) undergraduate students (team), 2) Lecturers (both
individual or team may join)
2.2 No limited numbers of team restricted to participate in this competition but each team
must be composed of maximum three for the students/lecturers to represent the
institution.
2.3 The participant is required to enroll in the prescribed form by the 12 June 2015 so as to
express their intention to compete for the award. Each group can compete for only ONE
business idea in a category.
2.4 Multiple idea may be submitted for different category but each idea must be submitted
as a saperated entry.
2.5 Any changes should be notified before 14 working days before the commencement of the
competition.
2.6 Language
2.6.1
All idea, business plan, videos and presentation can be done in Bahasa Melayu or
English.
2.7 The Organizer also reserves the right to hold or withdraw the participant if the idea is not
genuine or change the rules without any prior notice.
3.0
CATEGORIES OF PRODUCTS
Category 1
Category 2
Category 3
Category 4
4.0
:
:
:
:
Science & Technology Industrial product
Creative & Innovative Products
Agriculture, Packaging & Labelling of products
Services
EVALUATION
4.1 Each group will be slotted based on 4 main categories which are Science & Technology
Industrial Products, Creative & Innovative Products, Agriculture, Packaging & Labelling
of Product and Services.
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4.2 The judges will evaluate all the products independently and the winner is chosen based
on the judges scores. The decision is final and cannot be discussed.
4.3 The evaluation criteria include:
4.3.1
4.3.2
4.3.3
4.3.4
4.3.5
4.3.6
Originality
Applicability
Status – Readiness & Functionability
Commercialization
Presentation
Practicality and versatility
4.4 Judges Selection
4.4.1
The judges will be selected from the business industry and also the members of
academician from local universities which is not related with UiTM Kedah as the
host of competition. It is essential that the evaluation made must have at least
two judges with a wide area of knowledge and experiences in business enterprise
and entrepreneurship education.
4.5 Judges Briefing
4.5.1
5.0
Before the evaluation starts of, it is crucial for the judges to understand their
fundamental roles on how the assessment should be done. They have to act as a
potential investor and this will determine whether they would or would not invest
in the presented products.
PRIZES
5.1 The representative of IBIC 2015 will hand over the prizes of medal and certificate of
participation to the winning team after each category completed.
5.2 The winner is announced based on category and each winning category entitles to get:
5.2.1
Students
Category 1 - 4
5.2.2
First Place
Medal + Certificate
Second Place
Medal + Certificate
Third Place
Medal + Certificate
First Place
Medal + Certificate
Second Place
Medal + Certificate
Third Place
Medal + Certificate
Educators
Category 1 - 4
5.3 Each winning team will get the cash money, 1 medal, and 1 certificate of participation.
5.4 However, additional charge may apply for extra medal and certificate
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6.0
ACCOMMODATION, TRANSPORT AND FOODS
6.1 All cost incurred for accommodation, transport and foods are not provided.
7.0
COMPETITION FEES
7.1 Any group who wish to participate in the IBIC 2015 is required to pay fee of RM350 per
team of students and RM525 per individual/team of educators.
7.2 Payment should be made according to the instruction below:
7.2.1
Payment Method
Kindly make the payment via any one of the following methods:
Academic Institutional cheques/ Inter Bank Giro (IBG) / Banker’s cheques /
Bank Drafts / Money Order / Government Local Order (LO) / Cash at Bendahari
UiTM Kedah office (Personal cheques are not accepted)
All cheques must be made payable to “Bendahari UiTM Kedah”
Bank Transfer Information
Bank Name and Address
:
Bank Account Number
Pay to
Swift Code
City
7.2.2
Bank Islam Malaysia Bhd
No. 71 & 72 Lorong Lagenda 1
Lagenda Heights
08000 Sungai Petani, Kedah
02020010021120
Bendahari UiTM Kedah
BIMBMYKL
Kuala Lumpur
:
:
:
:
Please notify the treasurer by attaching the scanned version of bank transfer slip
or receipt as a proof of payment (Please state name of participant) by email to
[email protected], OR
fax to +604-4562117 (Attn: Treasurer
IBIC2015); OR mail to the following address:
Treasurer IBIC2015
Research and Industry Linkage Division
Universiti Teknologi MARA (Kedah)
08400 Merbok
Kedah
Malaysia
7.3 All payments are to be received before the competition starts. All payments received are
non-refundable.
7.4 Please bring along your proof of payment on the registration day.
7.5 Deadline is on 12 June 2015 and the payment act as a confirmation of place for the
competition.
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8.0
INQUIRY
8.1 Any inquiry may be addressed to:
8.1.1
Mohd Shafiz Saharan
Tel: 04-456 2138/019-550 5573
Email: [email protected]
8.1.2
Fatihah Norazami Abdullah
Tel: 04-456 2192
Email: [email protected]
8.1.3
Yaasmin Farzana Haji Abdul Karim
Tel: 04-456 2119
Email: [email protected]
Updated on: Wednesday, 22 April 2015
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