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The 11th Lee Kuan Yew Global Business Plan Competition Seeks Student Innovators

Image adapted from: https://lkygbpc.agorize.com/en/challenges/edition-11

Singapore Management University’s (SMU) Institute of Innovation and Entrepreneurship (IIE) today announced the opening of applications for its flagship event, the 11th edition of the Lee Kuan Yew Global Business Plan Competition (LKYGBPC).

The outbreak of the pandemic has presented unprecedented challenges, creating the impetus to reimagine the way of living and thereby unleashing the possibilities in exploring uncharted paths. Themed Innovations Without Boundaries – Reimagining a Smart, Sustainable & Resilient Future, the 11th LKYGBPC aims to bring together the brightest talents and entrepreneurial minds from universities around the world, where they challenge themselves to come up with ideas and solutions that will address modern-day challenges to achieve a smart, sustainable, and resilient future.

Fireside Chat with Deputy PrimeMinister Mr. Heng Swee Keat moderated by SMU President Professor Lily Kong, at the 10th edition of the Lee Kuan Yew Global Business Plan Competition

The largest of its kind in the region, LKYGBPC focuses on deep-tech solutions created by student founders and early-stage start-ups from across a diverse range of industries, including Human Health & Potential, Manufacturing, Trade & Connectivity, Media & Entertainment, Smart Nation & Digital Economy, as well as Urban Solutions and Sustainability, among others.

Participants can choose to participate in two categories – 0 to 1, which focuses on pre-revenue teams with disruptive technology or innovations, or 1 to Infinity, which focuses on revenue-generating early-stage start-ups, up to Series A funding stages. Participants may choose to compete individually or as a team.

An international judging panel comprising global industry experts and entrepreneurs will be tasked with evaluating submissions based on their innovativeness, the impact of the idea, differentiation from existing solutions, and feasibility-to-execute.

In June 2023, 50 revolutionary finalists (RVLT50) teams will be selected and two members from each team will be eligible for a sponsored trip (airfare and accommodation) to Singapore to attend BLAZE, LKYGBPC Finals Week from September 11-15, 2023, where they will have the opportunity to participate in activities centred on innovation, knowledge, mentoring and networking over the week.

BLAZE will also see the selection of Grand Finalists teams who will deliver a live pitch to a panel of judges for the Top Prize of the Beta Category and Infinity Category. The winning teams will be announced on 15 September 2023 and the winners can look forward to S$2 million worth of prizes supported by partners.

“The progression of society inevitably brings forth new challenges for each generation to overcome. The Lee Kuan Yew Global Business Plan Competition aspires to provide a platform for Singapore to collaborate with the next generational technopreneurs to tackle these challenges and facilitate the adoption of these solutions so that Singapore and Asia can become a beacon of inspiration for digital, sustainable, and urban living.” – Hau Koh Foo, Director of SMU IIE

The 10th edition of LKYGBPC in 2021 attracted over 850 entries from 650 universities across 60 countries and regions. The RVLT50 included teams from various leading universities in Asia, Europe, and the United States of America.

In an exclusive interview with Mohit Sagar, CEO and Editor-in-Chief of OpenGov Asia, Shirley Wong, Chairperson, Lee Kuan Yew Global Business Plan Competition (LKYGBPC) explained why innovation is at the heart of entrepreneurship.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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