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Welcome, Admin
Business Idea Competition
Indonesian Youth Business Idea Competition is held by Wardaya College as part of Indonesia Regional Competition series. This competition will give an opportunity to Junior and Senior high school in order to explore their creative business idea.
In accordance with the theme “Indonesian Youth Business Idea Competition”, the competition is organised to develop business ideas that can be used to solve problems which are experienced by Indonesian people, including education, food, transportation, fashion, and property.
We hope this competition can motivate and push young generation to have a high business skill in real life.
Competition Timeline
| No. | Competition Activity | Date |
|---|---|---|
| 1 | Registration and Proposal Submission | Feb 17 – June 17, 2022 |
| 2 | Info Session | April 22, Mei 20, June 3, 2022 |
| 3 | Preliminary Round | June 18, 2022 |
| 4 | Semi-finalist Announcement | June 24, 2022 |
| 5 | Technical meeting 1 | June 25, 2022 |
| 6 | Semi-final Round | June 30, 2022 |
| 7 | Finalist Announcement | July 4, 2022 |
| 8 | Technical meeting 2 | July 5, 2022 |
| 9 | Final Round | July 12, 2022 |
| 10 | Winners’ Announcement | July 12, 2022 |
Winner's prizes
| 1st Winner | = Certificate and Cash prize |
| 2nd Winner | = Certificate and Cash prize |
| 3rd Winner | = Certificate and Cash prize |
General Rules and Guidelines
- Registration fee: 100.000 IDR per team.
- Register at https://irc.wardayaonline.com/pendaftaran/
- Participants are junior and senior high school students
- Business Idea should be submitted either individuals or by teams (maximum 3 members)
- Business ideas must be technological oriented development in various fields
- The business idea is stated in the “proposal” use provided template (here)
- All proposals and presentation must be delivered in English
- Proposals are uploaded at https://irc.wardayaonline.com/pendaftaran/
- All business Idea must be the original work of the individual or team.
- Proposal submission will be judged according to the following criteria below.
- Only complete applications will be reviewed.
- The judges’ decision is final and cannot be appealed.
Proposal Judgment Criteria
The Business Idea will be judge using the following criteria:
- Executive Summary (Score: 20 points)
- Introduction
- Problem Solution – Situation, problem, solution, evaluation
- Clear, concise and coherent
- Business Idea Overview (Score: 15 points)
- Products or services offered
- Target customers
- Problem & Solution (Score: 10 points)
- The Problem
- Solution
- Target Market (Score: 5 points)
- Market Size
- Market Segments
- Competitor Analysis (Score: 5 points)
- Identify direct and indirect competitors
- Comparison in between competitors
- Competitive position
- Products or Services (Score: 15 points)
- Describe the product or service you are offering,
- how it benefits the buyer,
- and its unique selling proposition
- Sales and Marketing Plan (Score: 15 points)
- Define target market (demographics, demand, purchase motivation)
- Pricing strategy
- Define marketing strategy
- Financing (Score: 15 points)
- Production Cost
- Profit Margin
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