Introduction
The New Business Venture Competition
2007 is organized by the Wing Lung Bank
International Institute for Business Development (IIBD).
It
is designed to provide an integrative learning experience for participating
students to develop new business ventures and to prepare them for opportunities
in entrepreneurship sometime during their careers. Members of the venture
community, including successful entrepreneurs, venture capitalists, and other
professionals and professors from academic institutions were invited to evaluate
and judge the business plans. Evaluation was based upon the likelihood of the
plans to become an actual viable business. Factors such as creativity,
innovation, strategy, technological advancement and a reasonable financial
analysis were assessed in the business plans. On
5 October 2007,
up to five finalist teams were invited to Hong Kong to make
a formal
presentation to the panel of judges to compete for the Gold, Silver and Bronze
awards, as well as the Best Presenter and Best Written Business Plan awards.
The competition has certainly strengthened the links among IIBD member and
non-member universities and the local business community.
.jpg)
