As I write, the six final undergraduate teams are finishing up their pitches in the 5th Lee Kuan Yew Global Business Plan Competition at Singapore Management University (SMU).
The Competition has assessed applications from over 1000 businesses 35 companies since 2001, and has awarded up to S$60,000 in cash, prizes and business development opportunities. Finalists get the chance to pitch their ideas to a global audience and hopefully secure the support they need to continue business building and research.
Four of the six finalists are from Asian universities:
– Nanyang Technological University (Singapore)/ JointTech Pte Ltd is designing a pressure mapping system to assist surgeons performing total knee replacement surgery
– Singapore Management University/ The Dunbar Project promises to expand the Facebook experience for users, developers and marketers with their open-source Content Management System (CMS) tool;
– City University of Hong Kong/ “The Fish” is producing a transgenic fish able to detect harmful substances in consumer products and the marine environment, saving 60% of current testing costs:
– Nanyang Technological University, National University of Singapore & Ngee Ann Polytechnic (Singapore)/ WHO-Care Medical has produced a product called VieCare™, a portable cardio-vascular disease detection kit for at-home use.
The other two projects are Altus Poles from Brigham Young University (USA) with their new communication/utility pole production process, and Canada’s Biofont Team from the University of Waterloo with a new time and pain-saving medical screening device. The top three winners should be announced shortly.