Eligibility

Is there an age limit for participants?
There is no age limit for participants taking part in the Open Category. However, participants taking part in the Youth Category must be between 14 and 24 years of age on or before the closing date for executive summary submissions. Do note that the closing date for all executive summary submissions is midnight of 21 February 2008 (Thursday).

Are there any nationality requirements for participants?
The only nationality requirement for participants is that each team must have at least one core member who is ordinarily resident in Singapore. A Singapore citizen, a permanent resident of Singapore or an expatriate holding a valid Employment Pass or Dependent's Pass fulfills this criterion.

I have formed a company, am I eligible?
You are still eligible to compete in the competition provided that your company is less than three years old at the point of registration and the total funding committed to your company (including paid-up capital, grants, loans and other forms of funding) does not exceed SG$200,000.

Teams

How many team members should there be in a team?
There are no restrictions on the number of members per team. However, we found that the most successful teams typically have from three to seven members. You may enter a team with only one member, but it is unlikely that you will be successful.

Can I be on more than one team?
Yes, you can be a member of as many teams as you want. However, participants are strongly encouraged to be dedicated as part of a core management team member on only one team. Core management team membership on more than one team may be considered as a factor in judging the plan.

I can't find anyone to form a team with. What should I do?
You should attend our events to look out for potential members for your team or teams that are currently recruiting new members.

Judging

Who are the judges and what are their backgrounds?
All our judges are highly experienced individuals from Singapore's entrepreneurial community. They run the gamut from successful entrepreneurs and top executives to venture capitalists and business angels. Some are even experts in their respective fields of finance, law and education.

Prizes

Are there any conditions attached to the prize money?
Upon conclusion of the entire competition, winners of the General Category will be immediately recognized and secure the prize money. 30% of the prize money will be issued, and the remaining 70% upon official incorporation of the company. For teams who have already incorporated the company prior to the competition, the full prize money will be issued upon conclusion.