The entire world is going through a dynamic shift right now. Traditional jobs are becoming overpowered and we can visibly see the effects of income inequality. The drastic changes in our economy have led to more and more people to take up entrepreneurial outlooks.
However, in today’s competitive market, the vague concept of running a business is not going to help the entrepreneurs stay in business. Unique, innovative, and creative approaches are seemingly the best shot at achieving success in the turbulent market arena.
More Entrepreneurial Life at Bangladeshi Universities (MELBU) presents its first flagship event “Future Founders League”. This is a business idea competition that MELBU initiated, dedicated to six universities who partnered up under the platform of MELBU. The Erasmus+ Programme of the European Union is co-funding the event.
MELBU Presents Future Founders League
Location: Bangladesh
Medium: Online event
Registration Starts: 12 October 2020 (Monday)
Registration Ends: 2 November 2020 (Monday)
Benefits:
- Registered Participants will receive virtually issued participation certificates
- Future Founders League merchandise- T-shirt and goodies
Prize Pool:
- Champions- Up to 100,000 BDT
- 1st Runner up- 60,000 BDT
- 2nd Runner up- 40,000 BDT
Eligibility:
- Each team may have three members to participate
- Participants must be existing students of any of the six MELBU partnered universities
- Open to all undergraduate and postgraduate students across all departments/disciplines
- Students are allowed and encouraged to register to form a cross-institutional and cross-departmental team
Partner Universities:
- Khulna University
- Khulna University of Engineering and Technology
- Jashore University of Science and Technology
- Bangabandhu Sheikh Mujibur Rahman Science and Technology
- University Northern University of Business and Technology (Khulna)
- North Western University (Khulna)
Phases of the Competition
Registration- As it’s an online event, teams must complete their registration online, first and foremost.
Idea Conception- The participants must present a comprehensive explanation of their venture proposal. This must fulfill the criteria of a particular problem-focused solution. They must also explore the short and long-term effects along with an in-depth proposal of business. The proposal may include product introduction, Target market, a specification which they think can be operational, etc.
Final Pitch- In the final stage of the competition, Top eight teams will compete against each other. The teams will be required to assist their venture by providing real-time market survey results, the feasibility of their venture idea, virtual prototype development, or at least a viable product as a proof of concept.
More info (FAQ) on-
The MELBU Presents Future Founders League competition can be a big opportunity for young entrepreneurs with business ideas and venture concepts. This may be the right push they need to participate and give a shot at winning the prize pool which they can invest in their venture and thus, their future.
So hurry up and team up, take initiative, and make your ideas a reality. Show the world your entrepreneurial skills.