Sasin School of Management, in collaboration with SCG Chemicals (SCGC), is set to launch the semi-final and final rounds of the SCG Bangkok Business Challenge @ Sasin 2023 Global Competition.
This competition is the longest-running startup competitive platform for undergraduate and graduate students. With the theme of "Growing Impactful Ventures," the competition will feature 20 teams, including the winner of the 2023 Thailand Competition. The event has garnered significant interest, attracting a total of 172 university student teams from 42 leading universities in 16 countries across five continents, all of whom submitted their startup models for consideration. The competition is scheduled to take place from June 22 to 24, 2023, at Sasin School of Management.
"Sasin School of Management has enjoyed a longstanding collaboration with SCGC, the ASEAN chemicals leader, as co-hosts of the SCG Bangkok Business Challenge @ Sasin. Over the past 20 years, this platform has consistently fostered entrepreneurial mindsets, strengthened the startup ecosystem, and fueled creativity and innovation. Through providing this opportunity for young leaders to create a lasting impact and drive global change, we have witnessed a profound transformation in student startup participation. We have also noticed an increasing number of startups embracing digital technology and demonstrating a greater commitment to sustainability," said Professor Dr. Ian Fenwick, Director of Sasin School of Management.
SCG Bangkok Business Challenge @ Sasin is an international ideation competition that aims to expand an integrated network of collaboration. The competition prioritises the development of new businesses to enhance broad-based economic growth both in the region and globally. SCGC plays a key role as the partner of the competition and is ambitious in its efforts to empower startups to prosper in response to global megatrends, with a particular focus on embracing green innovation and solutions. SCGC also strives to maximise the competitive advantages and potentials of startups by promoting knowledge sharing and comprehensive collaboration on startup business development models among participants in Thailand and other countries.
"Over the years, SCGC has provided winning startups and runners-up with an opportunity to further develop their innovations and solutions at the 'i2P' (Ideas to Products) center. This center serves as a hub of thought-provoking ideas for developing creative innovations. Winners are given the chance to pitch their ideas for product development and innovative technologies in collaboration with SCGC's business partners, allowing them to expand their businesses and better reach their target customers," said Dr. Suracha Udomsak, Chief Innovation Officer and Executive Vice President of New Business at SCG Chemicals (SCGC).
The business challenge also boasts a distinguished panel of experienced industry experts who will serve as honorary judges. Among them are Xinyi Tow, Co-Founder & COO of Slate Alt; Shannon Kalayanamitr, CEO of 5G Catalyst Technologies; Robert Lomnitz, Partner at Xpdite Capital Partners and Director of Bangkok Venture Club; Paul Ark, Partner & Head of ESG at Gobi Partners; and Dr. Andrew Stotz, CEO of A. Stotz Investment Research. These judges will carefully evaluate the teams' startup business development ideas, innovations, and solutions to determine the winners of prestigious awards. The H.M. The King's Award, graciously bestowed by His Majesty the King, and the H.R.H. Princess Maha Chakri Sirindhorn's Sustainability Award, graciously bestowed by Her Royal Highness Princess Maha Chakri Sirindhorn, will be presented to the team with the best performance. Winners will also be eligible for cash prizes worth approximately $46,000 (1.5 million baht).
The following 20 teams have successfully qualified for the semi-final round of the global competition:
- AquaSnacks team from Bangladesh University of Engineering and Technology, Bangladesh
- Bone Voyage team from National Yang Ming Chiao Tung University, Taiwan
- Castomize Technologies team from Singapore University of Technology and Design, Singapore
- cWallet team from Chiang Mai University, Thailand
- DolFinn team from American University of Phnom Penh, Cambodia
- ENENT team from Institute of Business Administration, Karachi, Pakistan
- FactCertified team from University of Tsukuba, Japan
- FISHYU team from Chulalongkorn University, Thailand
- GreeneAcres Processing team from Cornell University, United States of America
- Headfirst team from University of Waterloo, Canada
- Reborn+ team from Georgia Institute of Technology, United States of America
- RingMaster team from National Yang Ming Chiao Tung University, Taiwan
- SERICAEL team from National Chengchi University, Taiwan
- Surety team from Singapore University of Social Sciences, Singapore
- Team Washwagon from Nanyang Business School, Singapore
- the moonbeam co. team from National University of Singapore, Singapore
- Thrifty team from Chulalongkorn University, Thailand
- UNCL Co team from University of Arkansas, United States of America
- Vision X team from National Yang Ming Chiao Tung University, Taiwan
- Zeuron.ai team from Indian Institute of Science, India
For more information, please visit the official website at https://bbc.sasin.edu/2023/. You can also show your support for the competing teams by watching the live streaming of the event on Facebook: SCG Bangkok Business Challenge at Sasin (www.facebook.com/bangkokbusinesschallenge).
