SCG Bangkok Business Challenge @ Sasin 2023 Thailand Competition is HERE - We are Asia's longest-running global student startup competition and we will soon kick-off with our Thailand Competition! Applications will open from now until Sunday February 12th, 2023 at 23.59 hrs (Bangkok time).
Note that this competition is only eligible for teams representing academics institutions in Thailand - the global competition where all institutions from around the world are accepted will happen later in the year.
Please carefully read the criteria below to make sure that you are eligible to apply.
I. GENERAL RULES & REGULATIONS
The proposed venture must be of an independent and scalable seed-stage startup seeking to raise external capital, and must address the entire business concept, including implementation and financial projection. Ventures that have generated revenue or raised external capital (beyond family and friends) exceeding US$100k prior to the 2022 calendar year (January 1st, 2022) are NOT eligible. Proposals for buy-out, expansion or development of an existing business, tax-shelter opportunities, real estate syndications, subsidiaries, franchisees and other consulting projects or analyses are NOT eligible. A venture that does not conform to this rule above will be IMMEDIATELY DISQUALIFIED
Participants in both the Thailand and Global Competitions must attend in person to be considered part of the competition
The venture size, in terms of funding required from outside investors (including the current ask), must be at least US$500k. Methods of financing may be combined among bootstrapping, grants, angel/venture capital investments, and debt. A venture that does not conform to this rule above will have 10% deducted from the total presentation score in the relevant round
The proposed venture must NOT be one that has previously competed in the presentation rounds of the Bangkok Business Challenge before*
All currencies used throughout the competition must be in US Dollars only
In all cases, the judges’ decision is final
*This separates the Thailand and Global Competition, meaning a team that has previously competed in the Thailand Competition can apply for the Global Competition if they are still eligible.
II. TEAM ELIGIBILITY
All currently enrolled students, and graduated students who maintained student status in the 2022 calendar year, are eligible to participate (full-time, part-time, undergraduate, or postgraduate students)
Each team must contain TWO to FIVE members in total (excluding the faculty advisor)
Each team may have up to ONE non-student member in the team essential to the venture
Each team must have the support of ONE faculty advisor from the institution the team represents*, and must have at least one of the members be currently enrolled in this institution
*This is to ensure that the team is endorsed to represent the academic institution in the competition, which will be confirmed through the faculty advisor of said institution.