CHOSEN as the grand prize winner from 235 other submissions, Team Eco Beast from Sunway College was the youngest team among the finalists and received RM10,000 cash for their outstanding effort.
The team had taken part in the Alliance Bank Eco-Biz Dream Project, an inaugural business challenge for university students.
The first runner-up, Team Guardian of the Nature from Universiti Kebangsaan Malaysia and second runner-up, Team UOL from HELP University received RM5,000 and RM3,000 respectively.
Consolation prizes of RM1,000 each went to Team TRAPP and Team Patriot from the University of Nottingham Malaysia Campus and Multimedia University respectively.
The Dream Project was a three-month initiative by Alliance Bank Malaysia Berhad to polish the business acumen of university students and at the same time, increase environmental awareness among them.
To enter the project, students had to submit practical business propositions that addressed environmental concerns in teams of four or five.
Open to Foundation, Diploma, A-Levels and undergraduate students from selected universities, the Dream Project had an initial target of 100 submissions in its first season.
However, the programme saw an encouraging response from participants, more than doubling its target at 136%. Participants were aged between 18 to 25.
Alliance Bank Group Chief Executive Officer Joel Kornreich said: “As the leaders of the next generation, they will help to shape the business landscape in Malaysia in the years to come.”
“I hope the Dream Project can be the stepping stone for our finalists to discover their entrepreneurial interests, particularly in environment conservation,” he added.
Participants of the Dream Project were invited to attend Design Thinking workshops which helped them translate their inspired ideas into tangible prototypes and develop a viable business framework.
Ten teams were then shortlisted for an interview on their business propositions with the judges.
Following the interview with the judges, five finalists were chosen to participate in the final judging round. Their challenge was to devise a final pitch based on the theme “Start an eco-business, Change the environment”.
They were evaluated based on their creativity, practicality and relevance to environment conservation.
Dream Project head judge Yasmin Rasyid said: “It was an interesting mix of projects in the final pitch.” “We were pleasantly surprised by the quality of the proposals. The business ideas were practical with a strong focus on green sustainability,” she said.
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