ColossusINNO2017 | Global Entrepreneurship Competition with Great Prizes

COLOSSUSINNO2017 Global Competition

A global competition in search of breakthrough ideas of innovation and disruption in order to rapidly transform and mend the intended gap in any ASEAN country.
The competition comes with the prize of USD100,000.
Leads up to GECommunity2017.

Submission begins 21 June 2017
……………
Submission deadline 31 Oct 2017

Notification of
finalists by
20 Nov 2017

Finalists to be at GECommunity2017, Kuala Lumpur on the 12-13 December 2017

Announcement of winner on the 13 December 2017

Placement and building of product in intended ASEAN country January – June 2018

Organized by GEM, ColossusINNO2017 is a program under SSPY2017 and GECommunity2017 and in partnership with MaGIC.



An Initiative Under

Organized By

In Partnership With

A Program Under

ColossusINNO2017 is GEM’s inaugural global entrepreneurship competition – it is where GEM and its global network of partners joined forces to encourage aspiring entrepreneurs to develop real-world innovative solutions to bridge the gaps in the ASEAN market and propel ASEAN nations closer towards first world status.

The reason for the inception of ColossusINNO2017 is in line with GEM’s mission – which is to create an entrepreneurship movement where entrepreneurs are inspired to develop innovative ideas into global businesses that will create a positive societal change globally, especially in ASEAN.

Therefore, through this global competition, GEM’s main focus is to recognize innovative solutions that help to address gaps in ASEAN in the areas of governance, poverty eradication, education, health, environment, sanitation, etc.

ColossusINNO2017 provides an opportunity for entrepreneurs to think global and develop disruptive ideas to rapidly transform ASEAN, while simultaneously help to stimulate the ASEAN economy that translates into a positive societal impact.



Terms & Conditions

We are awarding $100,000 USD to a startup anywhere in the world with a transformative idea that can be scaled in the ASEAN region. Whether you are building smart city solutions to change infrastructure built 50 years ago or whether you are changing the way people travel, eat, communicate, learn, trade, if you are changing mindsets – we want you.
When coming up with ideas, entrepreneurs will need to take into consideration of a few things – their innovative ideas must be big enough to address the current gaps in the ASEAN market, they will need to produce a world-class concept with advantageous technology, that is feasible and realistic.
Additionally, the proposition must also be appealing in terms of value to the prospective customer, as profitability of product plays a vital role in the selection criteria.


The key criteria that the judges will focus on are:


Scope
Well-defined problems

Scale
Breadth and depth of execution

Speed
Speed of execution

JUDGING CRITERIA

  • KEY 1 : Concept and Product

  • Product competence
  • Uniqueness and relevance of business opportunity
  • Competitive advantage
  • Fulfillment of customer needs
  • KEY 2 : Feasibility

  • Marketing strategy
  • Feasibility of product and technology
  • Availability and cost of intellectual property proposed
  • Feasibility of marketing strategy
  • KEY 3 : Target Market

  • Characteristic of market
  • Expected market share to be achieved
  • Requirement in accuracy of identifying market
  • The potential and existing competitors
  • Business model and application on market trend
  • KEY 4 : Financials + funding

  • Profitability of business
  • Time required for business setup
  • Cost of business
  • Consistency with bottom up and top down analysis
  • KEY 5 : Team

  • Strength of team
  • Passion and focus on target market
  • Role of team members
  • Future human resource planning


PANEL OF JUDGES

OLIVIER LAVINAL

Olivier Lavinal is Manager of the Global Concessional Financing Facility (GCFF). He previously served as Special Assistant to the Vice President for the MENA region and Program Manager of the Middle East and North Africa Multi-Donor Trust Fund (MENA MDTF) at the World Bank. Olivier comes from the Social, Urban, Rural and Resilience (GSURR) Global Practice family and worked on urban governance and institutional development, including in lagging regions, as well as on gender and youth. Olivier started in the Bank at the Center for Mediterranean Integration (CMI) where he was Program Manager before joining the Vice-Presidency team. Prior to joining the Bank, Olivier was Chief of Staff of the Mayor of Lyon. Olivier graduated from Sciences Po Paris where he also holds an MA in Comparative Politics and International Relations, and is a Georgetown University alum.

SUBODH SANKAR

Subodh Sankar is the co-founder of Atta Galatta, a Bangalore based independent bookstore with a focus on Indian, vernacular writing and a venue for the art community of the city, that is popular for its literary, art and cultural events. He is also the founder of Bagels and Bakes, one of the city’s largest bakery manufacturers, who’s range of bread and other bakery products are found in all the leading supermarkets of the city.

Since its inception 4 years ago, the bookstore has hosted over 1500 events, including book launches, poetry readings, theatre performances, art shows, screenings, storytelling sessions and workshops and has been cited as a model for a community based, sustainable model for art entrepreneurship.

Subodh has in the past been an entrepreneur in the field of Information Technology. In 1998, his company Just Vox, an early pioneer in the field of speech recognition and speech synthesis, was a finalist for the Asian Innovation Awards, presented by Dow Corning and the Asian Wall Street Journal.

Subodh was part of the founding team, and director program management at July Systems, an early innovator in the domain of technology that powered mobile value added services. July Systems’ technology, hosted as a SaaS has been used by most of the world’s leading entertainment and sports companies to power their mobile customer offerings.

Subodh was also the founder-CEO of Random Connexion Pte Ltd, a Singapore based technology startup.

Subodh lives in Bangalore, India, with his wife, teenage daughter and two dogs and is passionate about history, the business of sports and world cuisine.

PHILIPPE BENJAMIN
SKOW

Mr. Skow has by leading Danish media been described as ”A born soloist”, ”A deserved winner” and ”music genius”. He gave his first solo concert in Tivoli Concert Hall at age 5. He has since performed for dignitaries such as H.M. Queen Margrethe II and the Prime Minister of Norway, for corporations such as Microsoft, L.V.M.H. and L’Oréal, at venues such as The Paris Opera, The Royal Danish Theatre and La Mamounia Palace in Marrakech, and on Scandinavia’s largest classical and jazz festivals as well as fashion weeks. As a teacher he has been invited to Oberlin, the oldest conservatory in the US, awarded for ”highest artistic excellence” by President Obama.

Mr. Skow gave his first live radio interview and performance at age 8 and has appeared in TV documentaries and shows from age 10, e.g. TV2 Good Morning Norway live on Christmas Eve.

By winning all prizes in the Danish Violin Competition for violinists under age 30 – at age 16 – he made front page and evening news of the largest newspaper, TV news and morning shows in Denmark.

He has performed with classical music professors and artists from the EU and US as well as with Scandinavian jazz, pop, rock and DJ artists.

Mr. Skow has received awards such as The Nordea Bank Culture Award and The Veuve Clicquot Music Award. He has played a Nicolo Amati from 1671 for 12 years.

In addition to Mr. Skow’s Pg.D. after 7 years of conservatory studies in Ohio, Maine, New York, Salzburg, Vienna and Copenhagen, Mr. Skow holds a Master of Law.

Mr. Skow is a member of the Danish Norwegian and Danish French Chambers of Commerce as well as the Benelux Business Club.

DR. SAM
POTOLICCHIO

Dr. Sam Potolicchio is Director of Global and Custom Education at the McCourt School of Public Policy at Georgetown University. Potolicchio was named one of “America’s Best Professors” by the Princeton Review, the only one in his field, a Future Leader of American Higher Education by the Association of Colleges and Universities, and winner of the OZY Educator Award as one of the six most outstanding American educators.

Potolicchio has delivered lectures in over 85 countries including at Oxford, Yale, Cambridge, Sorbonne, London School of Economics, Brown, Dartmouth, Bologna and Warwick. He also serves as the Department Chairman and Distinguished Professor in Political and Social Communications at the School of Public Policy at the Russian Presidential Academy of National Economy and Public Administration and as the President of Preparing Global Leaders Forum a leadership training program for rising leaders from over 100 countries.

JENNIFER AGUSTIN

Jennifer Agustin is a Senior Program Manager, Business Operations for Cisco’s Global Innovation Centers driving integration and collaborating as one team to deliver stronger impact. She partners with highly diverse business units across a global organization. Jenny was responsible for spearheading a number of successful Innovation Programs such as the Innovation Grand Challenge, British Innovation Gateway (BIG) Awards. and the IoT World Forum Young Women’s Innovation Grand Challenge. She also championed execution of Cisco ecosystem engagements for the IoT World Forum, Web Summit, andStartupBootCamp FoodTech, and is set to fulfill the organization’s major sponsorship of the upcoming Fog World Congress in November 2017.

Jenny has more than 20 years of experience and a well-established background with multinational corporations in the technology, banking, healthcare and energy industries.

MEDIA COVERAGE

THE MEDIA COVERAGE RECEIVED FROM THE EVENT
  • June 21, 2017
  • TV1 – Nasional 8 @ 8.00pm (Bahasa News)
  • TV3 – Buletin Utama @ 8.00pm (Bahasa News)
  • Capital TV – Capital Today @ 9.00pm (English News)

  • June 22, 2017
  • TV2 – News on 2 @ 12.30pm (English News)
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