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15K Competition
Junior Achievement Singapore and the MIT Club of Singapore are pleased to invite you to participate in 4th 15K Competition. The 15K Competition is an entrepreneurship competition modelled on MIT’s $100K Entrepreneurship Competition. MIT’s $100K competition started in 1989 as the $10K competition. Then became $50K in 1996. And now, $100K. Today, the $100K is a huge annual event at MIT, with the Launch finals watched by thousands, and sponsored by a hosts of top class companies and foundations.
MIT $100K Entrepreneurship Competition has brought together students and researchers from across MIT and Greater Boston to launch their talent, ideas, and technology into leading companies. More than 60 companies worth more than $10 billion have been launched, including Akamai, net.genesis and C-bridge.
In Singapore, the MIT Club of Singapore collaborated with SUTD and started a SUTD 10K in 2016. The MIT Club of Singapore supported and funded the first 4 editions of the competition (2016, 2017, 2018 and 2019). It is a student business innovation competition where student teams, selected by the strength of their ideas, are matched with experienced mentors for one month to develop original and compelling business models. The team with the most compelling final pitch is given $10,000 to move their idea forward.
With the success of the 10K competition, MIT Club decided to collaborate with JA to expand the event to NUS, NTU and SMU for an inter-school competition - renaming it the 15K Competition. The expansion is to motivate more students and researchers to not only develop innovative technologies and processes, but to think about how to bring their ideas to market (must consider the business side).
15K Competition Criteria:
Participation from NTU / NUS / SMU / SUTD
Each school will have a Semi-Finals round with 2 teams advancing to the Grand Finals round.
Participating Team Criteria:
2 to 4 students per team
At least two students (undergrad or grad) must be from NTU / NUS / SMU / SUTD
Projects must be STEM related
Projects are in the ideation / prototype stage and have received less than an overall funding of $50K (schools, external, etc)
Past participants and non-Semi-Finals winners can participate with the same project with improvements.
Competition Process:
Teams submit their ideas through a proposal template to their respective university’s coordinator
Top 8 to 10 ideas are selected for the mentorship phase and presents at the Finals
Prizes:
Top 6 teams - $2K each
Finals:
1st Place - $15K & advance to the ATEC* competition selection
2nd Place - $10K
3rd Place - $5K
*ATEC (Asia Technology Entrepreneurship Conference) www.atecstartup.org
Please click below to download Proposal Template and refer to the respective school's 15K Competition Info for timeline and requirements:
MIT $100K Entrepreneurship Competition has brought together students and researchers from across MIT and Greater Boston to launch their talent, ideas, and technology into leading companies. More than 60 companies worth more than $10 billion have been launched, including Akamai, net.genesis and C-bridge.
In Singapore, the MIT Club of Singapore collaborated with SUTD and started a SUTD 10K in 2016. The MIT Club of Singapore supported and funded the first 4 editions of the competition (2016, 2017, 2018 and 2019). It is a student business innovation competition where student teams, selected by the strength of their ideas, are matched with experienced mentors for one month to develop original and compelling business models. The team with the most compelling final pitch is given $10,000 to move their idea forward.
With the success of the 10K competition, MIT Club decided to collaborate with JA to expand the event to NUS, NTU and SMU for an inter-school competition - renaming it the 15K Competition. The expansion is to motivate more students and researchers to not only develop innovative technologies and processes, but to think about how to bring their ideas to market (must consider the business side).
15K Competition Criteria:
Participation from NTU / NUS / SMU / SUTD
Each school will have a Semi-Finals round with 2 teams advancing to the Grand Finals round.
Participating Team Criteria:
2 to 4 students per team
At least two students (undergrad or grad) must be from NTU / NUS / SMU / SUTD
Projects must be STEM related
Projects are in the ideation / prototype stage and have received less than an overall funding of $50K (schools, external, etc)
Past participants and non-Semi-Finals winners can participate with the same project with improvements.
Competition Process:
Teams submit their ideas through a proposal template to their respective university’s coordinator
Top 8 to 10 ideas are selected for the mentorship phase and presents at the Finals
Prizes:
Top 6 teams - $2K each
Finals:
1st Place - $15K & advance to the ATEC* competition selection
2nd Place - $10K
3rd Place - $5K
*ATEC (Asia Technology Entrepreneurship Conference) www.atecstartup.org
Please click below to download Proposal Template and refer to the respective school's 15K Competition Info for timeline and requirements: