By Janice Wong (Class of 2014)
A team of four IBCE students won the 2nd runner up of the YDC E-Challenge 2013 with the business start-up plan “Believeat Norriture”, outcompeting more than 150 other teams.
Elaine Chan, Geoffrey Choi, Fion He (all Class of 2013) and Janice Wong (Class of 2014) worked together on their business venture plan which featured molecular cuisine. The team consistently outperformed its competitors throughout different stages of the competition from March 2013 to July 2013. After submitting a 1000-word executive summary, fifty teams were selected for the semi-final round. Only ten teams qualified to proceed to the final round based on the quality of their five-page business plan and one minute visual presentation. In the final round, the top ten teams prepared a full thirty-page business plan, presenting their proposal to a judging panel composed of elite venture capitalists, successful entrepreneurs and industry professions on July 20, 2013.
Sponsored since 2000 by the Young Entrepreneur Development Council, YDC E-Challenge 2013 is an annual business plan competition open to all full time tertiary-level students in Hong Kong. Topical workshops, mentorship programs and networking sessions are organized to bolster various skills and to foster the entrepreneurial spirit of these young adults.