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Zero To Millionz 2007 -An Entrepreneurship Obstacle Course  

Introduction

The difference between O & 1,000,000 is just One
1 Name with the
One idea, One venture, One strategy, One creation, One opportunity, One winner
Are you the 1 with the Ones in you?

Many students in unis, polys and JCs dream of setting up their business after completing their education. Whether it be money, name or fame that they are after, Zero To Millionz aims at giving these budding entrepreneurs a taste of what the real business world is like and what strategies to use to make their product popular. A major event conducted by SIFT; it comprises of students from  NTU, NUS, SMU, all the Polytechnics as well as Junior Colleges such as Raffles Junior College, Hwa Chong Junior college, National Junior college and Anglo-Chinese Junior College the various polytechnics and junior colleges.  

The competition will be conducted in 2 phases:

 

Phase 1:

The first phase of this 2 tier event will require students to answer a questionnaire consisting of both multiple choice and short answer questions, testing their knowledge and aptitude regarding various essential aspects of entrepreneurship and business. These areas include Finance, Accounting, Business, Marketing, and Information Technology and Creativity sections specifically. We will be setting up booths in the various institutes where students will be able to register for the competition and complete the questionnaire. This will be held throughout the 2 weeks from 23rd January to 8rd February 2007.

 

Phase 2:

We will short list teams based on the first phase of the competition and they will then go through to the second phase in teams of upto four. This phase of the competition is to be held on 24th February on a much larger scale. It is comprised of 2 rounds, extensively testing skills in the various departments in which an entrepreneur must be impeccable to be successful.  

Prominent judges from a number of fields in the corporate world such as Innovation, Banking and Finance, Education and Economics, Business Consultancy and Investment, and Licensing and Commercialization will be judging this final phase. This will thus give the participants an opportunity to interact with some of the biggest names in Singapore’s business world. Being judged by these professionals will provide the students with valuable insight as to how exactly to mould themselves into successful entrepreneurs.

 

The second phase of this competition will be organized as follows:

 

Ø       Round 1: Venture Financing Fair (1hr 30min)

·         This is a more interactive round in which groups will have to come up with a product based on specific guidelines given to them.

·         Teams will sell these products to the judges who will award them points according to how well their marketing strategies and product idea have been developed.

Ø       Round 2: Elevator Pitch (1hr)

·         Teams will be given a case-study and, depending on the problem, present a solution to the judges.

·         Teams will be awarded points according to firstly, the solutions the teams have come up with and secondly, presentation style.

  Ø       Prize Presentation (15min)

·         The top 3 teams will be presented with prizes and all participants will be presented with certificates of participation

·         After the prize presentation, teams will able to mingle with the judges and other teams from the various different institutions, thus providing participants with a valuable opportunity for networking.

ZTM thus proves to be a wholesome experience for all the participants, firing their zeal to make it big as entrepreneurs some day.


Be Part Of this Scintillating Fest & Unleash Your Minds.

 

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