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MD Wins Big In HSBC Young Entrepreneur Awards
Thursday, April 23, 2009
Bandar Seri Begawan - The More Than Simple Inc team from Maktab Duli Pengiran Al-Muhtadee Billah emerged as the champions in the HSBC Young Entrepreneur Awards 2008-2009 winning the Gold Award with their project entitled "De'Panamatic", an automated pen device that is able to write as we speak and benefit the hearing-impaired.
The event took place at the Manggis Ballroom in Hua Ho Manggis yesterday afternoon. The guest of honour was Pehin Orang Kaya Seri Utama Dato Seri SetiaAwang Haji Yahya bin Begawan Mudim Dato Paduka Haji Bakar, Minister of Industry and Primary Resources who also presented prizes to the winners. Also present was Acting Chief Executive Officer and Head of Personal Financial Services of HSBC Brunei, Rosdi Amin Yaakub. In his welcoming speech, he said, "HSBC seeks to foster young people's ingenuity and entrepreneurial spirits which are essential qualities for tomorrow's business leaders."
He added that it is vital for Brunei's future generation to venture into entrepreneurship and along the way help the country's economy to diversify and progress even further.
During the event, the top three teams who were short-listed from the semi-finals took turns in presenting their entrepreneurial ideas to the panel of judges as well as the audience.
Their presentations were evaluated by a panel of judges from HSBC Brunei, KPMG Auditors, Faculty of Business, Economics and Policy Studies Universiti Brunei Darussalam and Asterix United (B) Sdn Bhd. They were judged based on their innovation, creativity, commercial feasibility and potential of their product or service and their speech skills.
The winning team won a grand prize of $3,000, trophies and a one-week entrepreneurial trip to Hong Kong, where they will be representing Brunei in the regional HSBC Young Entrepreneurs Awards Final competition this June. They will be competing against other Asian countries to stand a chance at winning a grand prize of self-development fund HKD100, 000 (B$20,000).
In an interview, one of the participants expressed his joy "We did not expect to win as we did not feel so confident. We are thrilled to come in first place. We have a lot of ideas for the final competition in Hong Kong."
Second place went to Team Simpur Tujuh from Business School taking the Silver Award, $2,000, trophy and one-week entrepreneurial study tour to Hong Kong.
Team Green from Maktab Duli Pengiran Muda Al-Muhtadee Billah came in third place taking home the Bronze Award consisting of $1,000, trophies and one-week entrepreneurial study tour to Hong Kong. They also won the Eco Business Innovation Award, which was given to them for their presentation with business ideas that are instilled with a 'green' concept and has a positive impact to our environment. The award consists of $500, and a one-day trip organised by World Wide Foundation (WWF) in Hong Kong.
The competition was the second HSBC Young Entrepreneurs Awards (YEA) hosted by HSBC Brunei. It is aimed at providing incentives for young entrepreneurs from local tertiary level institutions and is open to students from public and private institutions of higher learning.
The talk that marked the first of several planned this year saw guest speakers from several of BSP's departments that spoke on topics ranging from geology to engineering. -- Courtesy of Borneo Bulletin
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