Business Innovation Competition

Empowering Society Through Business Innovation

Background

Competition Overview

This competition is collaboration between Monash University, Indonesia and Minutes of Manager. The aims to generate responsible innovation ideas that create stronger, more resilient, and thriving communities through strategic business initiatives.

Through our workshop, participants will have the opportunity to gain deeper insights into the competition and the relevant tools utilised in the Master of Business Innovation (MBI) program, guided by our experienced professionals in generating innovative ideas. This competition is eligible for minutes of manager members and its network.

Why Participate?

Facts and figures

Opportunity to Drive Social Impact
Gain Valuable Insights and Mentorship
Win the Prestigious Scholarships
Networking Opportunities

How to Join?

1. You are a member of Minutes of Manager or part of its network.

2. You will receive an invitation and need to submit the required works. Detailed information please read on Eligibility & Rules section.

3. Read the Timeline section to avoid late submission.

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Prizes View

1st winner: 100% Monash University, Indonesia Scholarship + IDR 5,000,000 cash
2nd winner: 50% Monash University, Indonesia Scholarship + IDR 3,000,000 cash
3rd winner: 30% Monash University, Indonesia Scholarship + IDR 1,000,000 cash

Note:

The scholarship is only for Master of Business Innovation program and 2024 October intake.
The decision of the board of judges is FINAL AND IRREVOCABLE.

Theme View

Empowering Society through Business Innovation: Strengthening Resilience and Sustainable Ecosystems in Indonesia

Business innovation is crucial in fostering thriving communities, building stronger, and more resilient ecosystems in Indonesia. Business innovation serves as a catalyst for socio-economic development, enabling communities to harness new technologies, practices, and strategies that drive sustainable growth.

In the Indonesian context, this innovation is critical to address local challenges such as economic disparities, environmental degradation, and social inequities. By promoting the spirit of entrepreneurial ventures, supporting local enterprises, and integrating sustainable practices, businesses can significantly contribute to the resilience and vitality of communities.

This strategy aligns with global sustainability objectives, ensuring that Indonesia's economic development preserves its abundant natural resources and cultural heritage. Consequently, promoting a climate where business innovation flourishes is crucial for building strong communities and resilient ecosystems that can endure future uncertainties and challenges.

Stages View

Stage 1	First Round Submission The participants are required to submit essay (maximum 1,000 words), CV (one page only), and creative media.
Stage 2	On-campus Workshop The participants will be selected and invited to attend on-campus workshop. The participants are expected to make the deck presentation and improve their essay.
Stage 3	Pitch Presentation (Demo Day) Selected participants will present their work. We will also announce the top 3 winners.

Timeline View

28 August 2024	Stage 1 First Round - Due date submission for Essay, CV, and creative media.
7 September 2024	On-campus workshop - Only selected participants will receive a workshop from the Monash University, Indonesia MBI Academic team.
7-10 September 2024	Elimination Stage 2 - Submission for PowerPoint and narrative.
11 September 2024	Announcement of selected participants who pass to the Grand Final.
14 September 2024	Stage 3 Grand Final - Presentation in front of judges and winner announcement.

Eligibility & Rules View

Eligibility Criteria:

You are a member of Minutes of Manager or including Minutes of Manager network.
Your work must be original and never won any competitions previously.

Rules:

In the first round, the participants are required to submit their works as follow:

Essay (maximum 1,000 words). Follow this template.
Updated CV (one page only).
Short video or any other creative media including carousel or feeds uploaded on social media. Follow below requirements:
- The topic is "How Master of Business Innovation would enhance your career as manager"
- Ensure your social media account is set to public
- Follow and tag Instagram accounts @monashuni_indonesia and @minutesmanager
- Use hashtag #MonashUniIndonesiaxMoM and #BusinessCompetition

Terms & Conditions

All works submitted into this competition must be in English.
All works submitted will become the property of the competition provider.
Late submission will not be accepted.

Judging Criteria View

Essay Judging Criteria

Metrics	Score
Situation: The problem is exceptionally well-defined, with in-depth analysis and clarity. Context is thoroughly detailed, providing a comprehensive understanding.	25%
Complication: Complications or challenges are comprehensively detailed, adding significant depth and context.	25%
Question: The central question is clearly articulated, highly relevant, and thought-provoking.	25%
Proposed business solution (Answer): The proposed solution is exceptionally clear, highly practical, feasible, and supported by in-depth details. Potential positive and negative impacts are thoroughly examined.	25%

FAQs

You can't defer your study otherwise you will lose your prize. So, make sure you are ready to study for master degree on October 2024.
Unfortunately, not. The participants are responsible for their own transportation and accommodation.
There is no specific template for CV. Feel free to use your own template, as long it's simple, readable, structured, and in one page only.

This competition is brought to you by:

Business Innovation Competition