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3 Malaysian Business Plan and Entrepreneurship Competition that You Should Know

One of the best ways to test out your wildest business ideas is to enroll into your local business plan and entrepreneurship competitions. Most of these competitions are now available for university students with some being organised for the general public as well, through various pitching competitions. You should get to know these 5 top competitions for you to learn, test and launch your next business ideas. 

Hailed as one of the main business plan competitions endorsed by both MSC Malaysia and the Ministry of Higher Education (MOHE), the MSC Malaysia-Institute of Higher Learning (MSC-IHL) Business Plan competition or mainly known as Unipreneur has been the catalyzing start-ups from the corridors of Malaysian universities. Business plans are expected to be geared towards technology ideas and solutions, over the years, the competition has seen how innovative and creative students have integrated traditional business models with additions of new technology applications or simply, bringing their businesses online or via the cloud. MSC Malaysia’s main aim is to identify ideas in universities that can be commercialized and encouraging more Malaysian students or youths to produce creative multimedia content, softwares, applications or tech ventures.
If you enjoyed watching BBC UK’s Dragon’s Den series where entrepreneurs walk into a room to pitch their business ideas to raise funding from investors, we have a similar show now in Malaysia. Regarded by circles within NTV 7 as one of the hottest show on air today, the MyEG Make The Pitch show, is not only for entertainment, it serves as a platform for entrepreneurs to pitch for funding through a business plan competition, which would get them to pitch their ideas to top investors in Malaysia if they qualified. For those entrepreneurs who may not have made it through to an eventual funding, the least they get, is Free airtime and more publicity for their business. Renowned Malaysian investors and professionals working in the business-investment industry, like Mr. Nazrin Hassan , the CEO of CRADLE had participated in the reality show. Check out last season’s winner here, and the last we heard, NTV 7 has been receiving such a great response that they are already looking for businesses, entrepreneurs and start-ups to feature for Season 2 this year. So, sign up here!
A competition reputedly mirroring the globally famous CleanTech Open competition where finalist are flown to Silicon Valley to pitch to Venture Capitalists, entrepreneurs and investors, the DiGi Challenge for Change gathers student ventures from local universities to participate in a nationwide search for the most promising start-ups in Malaysian universities that help solve environmental issues through good social business. The competition which has been running for a few years, saw many publicity and endorsements from key credible figures like the Deputy Minister of Higher Education, Dato’ Saifuddin Abdullah, to the HRH Prince of Norway, to even the Global Entrepreneurship Week Malaysia Country Host. The competition had since lived up to its global appeal, so much so, that participating projects were also invited to join the CleanTech Open globally hosted in Silicon Valley.
We will be looking for more entrepreneurship competitions that are worth featuring for the readers of Entrepreneurs.my. The age old quote did mention; Before you start your business, you may want to consider testing out your ideas with a few rounds of competition to prove its concept and to have your business plans altered and reviewed by a panel of professionals. Instead of paying top dollars to consulting firms at the early stages, why not use competitions to test your idea and then solicit some funding from them to go ahead!
Even start-ups and businesses which were featured on Entrepreneurs.my, like Frambie (Winner for the Canon-Singapore Young Entrepreneur Award of the Year), Yourparttime.com  (One of the winners of a university level business plan competition), YouthsToday.com (Formerly PenangYouths.com, was the Malaysian Winner for the Entrepreneur Organisation’s Young Entrepreneur Awards) and Says.com (Formerly Youthsays.com, was the receipt of the MSC Malaysia Pre-Seed Grant programme).