1. Why should I participate in the HSBC Young Entrepreneur Awards?
2. Are there any financial or geographical restrictions on my business proposal?
3. What is a value proposition?
4. Is there any cost to enter the competition?
5. Is it necessary to get nomination from my university/college before submitting my entry?
7. Can I submit my entry via fax or mail?
8. Can I submit my business idea as an attachment to my completed online application form?
9. How do I know if you have accepted my submission?
10. Can I change team members or the content of my business proposal after submission?
12. Can I submit more than one business idea, or participate in more than one team?
13. I am an exchange student here in Bangladesh, am I eligible to participate in the award?
1. Why should I participate in the HSBC Young Entrepreneur Awards?
Answers : The Awards offer you an excellent opportunity to exercise your imagination and to learn entrepreneurial skills in a fun and exciting way. You will have a chance to acquire practical knowledge through a series of training programmes hosted by practitioners from different industries. You will also be exposed to some of the most influential people in the business community. Last but not the least, outstanding performers will be rewarded and honoured with prestigious awards and attractive prizes.
2. Are there any financial or geographical restrictions on my business proposal?
Answers : Your business proposal can cost as much as you like but you must demonstrate that it is commercially feasible, i.e. it can generate enough revenue to cover the cost. There are no geographical limits - your proposed business can take place anywhere in the world.
3. What is a value proposition?
Answers : A value proposition is a statement depicting the gist and unique feature of the whole business idea. It can explain how a product or service makes a difference to the current way of doing business or describe the quantifiable benefits a product or service brings about.
4. Is there any cost to enter the competition?
Answers : There is no cost to enter. However, all participants will have to bear their own out-of-pocket expenses in preparing for the competition.
5. Is it necessary to get nomination from my university/college before submitting my entry?
Answers : There is no need to get a nomination.
6. Apart from undergraduates attending full-time degree courses, can students attending associate degree/ diploma/certificate courses enter the competition?
Answers : Yes, all full-time post-secondary students at or below 25 years of age as of 30 April 2010 from local universities, colleges or institutes of vocational education, etc are eligible to enter the competition. However, they must compete in teams of two or three either from the same school or from different schools.
7. Can I submit my entry via fax or mail?
Answers : No, we only accept online registration through the official website of this competition www.asiayea.com
8. Can I submit my business idea as an attachment to my completed online application form?
Answers : No, your business idea must be typed in the space provided within the online registration form.
9. How do I know if you have accepted my submission?
Answers : After you have submitted your entry online at the official website, you will immediately receive an online acknowledgement of receipt with your Team Name, Project Title and a registration number listed.
10. Can I change team members or the content of my business proposal after submission?
Answers : No, once you have submitted your proposal, no changes to its contents or to the team composition will be accepted. You are therefore advised to preview your online submission carefully to make sure that you have completed the registration form correctly.
11. If a team member withdraws during the competition, will the team be allowed to continue with the competition?
Answers : Yes, as long as the team still consists of more than one member, the team is eligible to compete. If the team wishes to replace the team member by another student, written request with sound reasons and justifications must be submitted to the Organising Committee of the competition. Replacement of team member will require the Organising Committee's written consent.
12. Can I submit more than one business idea, or participate in more than one team?
Answers : No. A participant cannot be a member of more than one team. Each team is allowed to submit one proposal only.
13. I am an exchange student here in Bangladesh, am I eligible to participate in the award?
Answers : You must be a Bangladesh citizen and must fulfill all the other entry criteria in order to participate in the competition.
14. Is it mandatory to attend the training workshops arranged by the organiser? Will I be disqualified if I cannot attend all or any of them?
Answers : At least one member of your team is required to attend the training workshops. However, we highly encourage you to participate as you might miss a lot of useful information like business plan format, judging criteria, presentation techniques.
15. The rules specify that the organiser shall own the copyrights of all entries submitted. Can I make use of my own business ideas after the competition?
Answers : The organiser needs to have the copyrights of your works for publicity purposes. You are free to make use of your own business ideas in whatever way you like.
16. What shall I do if I/my team members cannot attend the Bangladesh Final or Regional Grand Final due to unpredictable reasons such as sickness?
Answers : Unless the whole team withdraws, other team members are allowed to continue with the competition if the team consists of more than one member. If the team wishes to replace a team member by another student, written request with sound reasons and justifications must be submitted to the Organising Committee of the competition. Replacement of team member will require Organising Committee's written consent.