HSBC launches Young IT Entrepreneurial Awards
The Borneo Post - Monday, August 26 2002
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KUALA LUMPUR: As part of its ongoing educational initiatives to generating interest in technopreneurship and IT development among Malaysian undergraduates, HSBC Bank Malaysia Berhad launched the HSBC Young IT Entrepreneurial Awards 2003, aimed at promoting creative thinking and the practical application of IT knowledge and skills.

The competition is divided into three rounds, running from August 1, 2002 through March 30, 2003. Round 1 requires each participating team to submit an initial outline of an innovative business idea involving the use of IT in a significant way. The maximum length of the proposal is 1,000 words.

Creativity of the business idea (60 percent) and creative use of information technology (40 percent) are the two judging criteria. Thirty teams will be chosen to enter Round 2. Closing date for Round 1 is October 2. Teams that qualify for Round 2 must attend a fullday Business Plan Writing Workshop on November 19, this year.

They will then be required to submit the full business plan, an expansion of their ideas from Round 1. Business plans submitted must not exceed 10 pages of A4 size, excluding appendices (charts, tables, diagrams, spreadsheet, etc).

An equal weight will be given to the following judging criteria: innovation and creative thinking, commercial viability and potential, application of IT knowledge and skills. Five teams will make the cut to the finals, Round 3. Closing is December 30. The five finalist teams are required to attend a Presentation Skills Workshop on January 27, 2003.

A formal presentation of their respective business plan before a panel of judges will take place on March 6, 2003. The same judging criteria as in Round 2 apply here. Bonus points will be awarded to well documented business plans with sound justifications and good research.

The first, second and third winners will be awarded the Gold, Silver and Bronze Award respectively. The Gold Award comprises a trophy for each member of the team and RM15,000 in the form of HSBC self-development funds for the entire team. The silver Award and Bronze Award offer RM10,000 and RM5,000 respectively besides the trophies. Other awards for Round 1 and Round 2 participants include Certificate of Appreciation, Certificate of Excellence, Certificate of Merit and cash prizes of RM2,000 and RM1,000.

Participants must be full-time Malaysian students, aged 25 and below, from public and private universities, colleges, or higher learning institutions based in Malaysia. Post-graduate, selfstudy and foreign students and Malaysian students abroad are not qualified for the Awards. A team may consist of two to three members from the same or different higher learning centres.

Proposals must be written in English and each team is allowed to submit one proposal only. Entries are strictly via the Official Entry Form available only on HSBC website - Registration can be submitted either via-e-mail to or by mail to the following address.

HSBC Young IT Entrepreneur Awards 2003, HSBC Bank Malaysia Berhad, PO Box 10244, 50912 Kuala Lumpur. For enquiries, please e-mail "IT Awards Enquiries" to