Visayas Tacloban College from the Philippines has emerged as the champion of ASEAN Young Entrepreneurs Challenge (AYE) 2018.
Michael Castroverde and Addyssa Lentejas brought home RM7,000 after winning the competition held at Universiti Kebangsaan Malaysia (UKM) recently.
Universiti Teknologi Petronas students, Wan Muhamad Fadzli Wan Abdul Hamid and Nisha Fairuz Mazlan bagged the second prize, bringing home RM5,000.
The competition, themed ‘Revolutionising entrepreneurship through information technology’, is inspired by television shows Amazing Race and Asian Apprentice, according to the Chief Advisor of AYE 2018, Dr Lai Wei Sieng.
Dr Lai added the competition aimed to promote entrepreneurship among higher education students as a career choice.
“We also want to set up a platform for UKM students to gain experience organising international level event, thus allowing them a chance to cooperate with industry, sponsors and agencies.
“This event also helps students build networking with students from other ASEAN countries thus providing a place to share ideas and experience,” he told HE Today.
The senior lecturer at Faculty of Economics and Management, UKM added that the event also contributed to the advancement of entrepreneurs within the community.
The competition required competitors to go through a series of challenges evaluated by judges from industry and agencies like Big Centure Sdn Bhd and Malaysian Agricultural Research and Development Institute (MARDI).
“Some of the tasks require participants to come up with a smart home product, make a prototype, come up with a proposal, design a marketing brochure, and make a pitch of the said product.
“Participants also have identified the rising agricultural problems in ASEAN countries and propose suitable solutions of the problems,” Dr Lai added.
During the opening ceremony, UKM’s Deputy Vice Chancellor Student Affairs and Alumni, Prof. Madya Dr Roslee Rajikan said this is the second year AYE has been held at the ASEAN level and UKM is honoured to become the platform for young entrepreneurs to showcase their talents.
“This year’s participation is very competitive because there are 15 teams from higher education institutions in Malaysia, Brunei, Philippines and Indonesia pitting against each other,” he said.