SCG Bangkok Business Challenge @ Sasin 2020
to go ahead online May 2–16, 2020
Bangkok – May 11, 2020: SCG Bangkok Business Challenge @ Sasin 2020, Asia’s longest–running global student startup competition, will go ahead in May in an online format for the first time in the competition’s 18–year history. While many similar events have been canceled because of the COVID–19 pandemic, the organizers of the competition decided to proceed with an online format to ensure the health and safety of all participants. The main rounds remain intact, with certain adjustments to fit the online format.
This year’s theme is “Innovating Ideas into Sustainable Ventures“, and the competition has been opened to undergraduates (in addition to postgraduate students), also for the first time. This year’s competition saw a record number of first–round participants: 208 teams representing 83 institutions from 24 countries/regions across six continents. Nineteen teams from 10 countries and regions are already confirmed for the Semi–Finals.
SCG, with Sasin School of Management, is the co–host of the competition for the third year in a row. KASIKORNBANK is the main sponsor, and Victor is a contributing sponsor. A total of 33 experienced judges ranging from investment managers and VCs to managing directors of social enterprises will assess this year’s participating teams and help choose the winners. Each round will include a seasoned head judge with extensive experience evaluating startups, as well as a sustainability judge. All 19 semi–finalists will have an opportunity to pitch their ideas to the same number of judges, all experts in their fields, and receive valuable, direct feedback from them.
The judges will select the 6 top teams to advance to the Finals on May 16, and the winner will receive H.M. The King’s Award. Sustainability remains an integral component of the competition, with H.R.H. Princess Maha Chakri Sirindhorn’s Sustainability Award going to the most sustainable team. Overall, cash prizes totaling over US$60,000 will be awarded to the winners.
Thai universities will be represented by three teams: ReNew from Sasin School of Management, Cloudero from Chulalongkorn University, and Beating Heart in a Box from Mahidol University. Don’t miss the live stream of the Sustainability Award Round on May 15, 2020, from 08:00–10:40 and the Finals on May 16, 2020, at 08:00–15:00. The announcement of the winners will be at 20:00 on May 16, 2020, at https://www.facebook.com/bangkokbusinesschallenge.
*All times are Bangkok time (GMT+7)
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