Submission Deadline: 3rd Nov 2019
Aim and Overview
To improve lives, promote sustainable development and make Singapore a caring society for all by providing technological and entrepreneurial solutions to the built and natural environment.
We invite proposals for integrated solutions that involve the coordinated application of Smart, Caring Innovation Proposals that advance Singapore’s vision as a caring and smart nation.
The innovation should be in the form of a product or service with a real-world use and translatable into a sustainable venture. It is expected that the innovations we fund will become scalable in the private or public sector.
This annual competition will enable teams to move their ideas from concept to reality.
Stage 1 - Proposal Submission
TEN teams will be shortlisted from all proposal submissions for the Semi-Finals to compete for the best FIVE businesses. These 5 Finalist teams will each receive $10,000 proof-of-concept funds to further develop their ideas and business.
Stage 2 - Final Judging
Finalists will take the next few months to develop their work and pitch for the grand prizes. The winning team will be awarded $50,000, the first runner-up $30,000, and the second runner-up $20,000.
The development funds are to be used to meet start-up costs, including to fund overheads of running a company.
Open Innovation Calling!
Any project that applies commercial strategies to maximize the improvements in environmental, and social impacts, as well as the well-being of all stakeholders, alongside profits.
Define the problem well, understand the target audience whole-heartedly, and let the imagination runs wild.
The sky is the limit!
It could be in the area of food waste reduction, environmental sustainability, healthcare, elder care, women empowerment, financial inclusion, data security, and much more!
aka The Fine Print
Terms & Conditions
We let the results speak for themselves.
“Competition” refers to the “Create4Good Challenge” competition organised by SUTD and SMU.
“Competition Rules” refers to the rules for the Competition as stipulated by the Organisers in the Competition website. They can be found under the “Competition Rules” tab.
“Donors” refers to Kwek Leng Joo and Kwek Eik Sheng.
“Organisers” refers to SUTD and SMU collectively.
“Participant” refers to each person who submits his/her original work through the “Create4Good Challenge” official site to participate in the Competition.
“SMU” refers to the Singapore Management University.
“SUTD” refers to the Singapore University of Technology and Design.
a. By participating in the Competition, every Participant is deemed to have accepted and agreed to abide by these terms and conditions and the Competition Rules.
b. The Organisers reserve the right in their sole discretion to cancel or suspend the Competition due to events beyond its reasonable control which does not allow for the continuation of the Competition.
c. The Organisers reserve the right to amend these terms and conditions at any time without prior notice.
d. The Organisers reserve the right to reject the Participant’s work submitted for the Competition or disallow the continuation of the Participant’s participation in the Competition or withdraw any prizes awarded to the Participant if the Participant is found to have breached any of these terms and conditions.
e. The shortlisted Participants of stage 1 of the Competition shall receive S$10,000 proof-of-concept funds per team in two installments. Students will receive $5,000 prize money to develop their ideas for the second stage and $5,000 after completing their prototype or plans for stage two of the competition.
f. The top 3 winning teams of the final judging at stage 2 of the Competition shall receive the following prizes based on meeting the competition milestones which will be indicated to the winning teams.
First Runner Up: S$30,000
Second Runner Up: S$20,000
g. The prize monies are to be used wholly to further develop the product or service, and to develop a business. Teams may seek additional venture capital funding. The product or service could also become an entry for other challenges. The prize monies shall be disbursed by the Organisers in stages in accordance with stipulated milestones as determined by the Organisers in their absolute discretion. Winning teams who do not meet the milestones in the development of the product or service will not receive the prize monies. Winning teams will be required to go through a mentoring program of which details will be provided at a later stage.
h. The proof of concept funds and prize monies are to be used by the team as stipulated under these terms and conditions and competition rules, and any individual person leaving the team will not have access to the funds/monies.
3. Intellectual Property Rights
a. The Participant represents and warrants that the work submitted for the Competition is his/her own original work/creation and does not infringe the intellectual property rights belonging to any third party. The Participant agrees to indemnify each of the Organisers and Donors against any claim, damages, debt, expense, liability, loss, suit, action, demand, cause of action, proceeding or judgment of any kind which are made or brought against or suffered or incurred by each of them and arise directly and/or indirectly out of or in connection with any infringement of intellectual property rights by virtue of the work submitted by the Participant for the Competition.
b. The Participant hereby grants to each of the Organisers a non-exclusive, perpetual, irrevocable, worldwide, royalty-free right and license to use any intellectual property rights comprised in the work submitted for the Competition for the purpose of publicity and marketing campaigns, branding, administrative functions of the Donors and Organisers and for the Organisers’ faculty, staff and student recruitment, education, teaching and research purposes.
c. However, the Organisers shall not be obliged to use, publicise or otherwise communicate publicly the Participant’s work/creation submitted for the Competition.
4. Personal Data
The Participant consents to and authorises each of the Organisers to use and/or disclose to third parties their personal data for the purposes of:
a. the Competition; and
b. the Organisers’ publicity and marketing campaigns including but not limited to the Organisers’ publicity materials and/or publication on the Organisers’ website and/or Competition website.
a. The Participant agrees that the Donors and the Organisers shall not be liable for any death or personal injury suffered by the Participant as a result of or in connection with the Participant’s participation in the Competition provided the same is not caused by the negligence of the Donor and the Organisers.
b. The Participant agrees that the Donors and the Organisers shall not be liable for any claims, cost, damages, debt, expense, liability, loss, suit, action, demand, cause of action, proceeding or judgment of any kind which are made or brought against or suffered or incurred by the Participant and arise directly and/or indirectly out of or in connection with the Participant’s participation in the Competition.
6. Governing Law
These terms and conditions shall be subject to, governed by and interpreted in accordance with the Laws of the Republic of Singapore for every purpose and the Participant agrees that the Courts of Singapore shall have exclusive jurisdiction to determine any dispute or claim arising from or in connection with these terms and conditions and/or the Competition.
Submission of Proposal is OPEN NOW! Final submission Deadline: 17 Nov 2018
SUBMIT TO: firstname.lastname@example.org
A 5-page word document with a clear proposal of the product or service, what theme it addresses, what has been done before and how the product is different from existing ones in the market and any other information that proves that their product and service is useful in Singapore. It should include illustrations and references where necessary, and include a budget for the use of proof of concept funds if successful.
A team CV allocating a maximum of 2 pages per member in Word or PDF format. One additional page of this document should lay out the roles and responsibilities of the team, and where possible, point out any past experience in such roles.
Each finalist team must present their ideas in a 10-minute pitch before a panel of judges. This will be followed by a 10-minute Q&A session. Teams will be judged according to the 10 criteria listed below.
1. Problem and Idea Definition
Does your team have a clear understanding of the problem or situation you are trying to solve? Do you clearly articulate the technological aspect, the societal care aspect and the market aspect?
2. Identifying Customer Needs
Does your idea have the customer in mind? Has the customer’s needs been clearly identified and researched?
3. Competitive Advantage
Has your team clearly defined your product or service and ensured it has not been created before? How will you ensure that the product or service will not become obsolete? Have you integrated the needs of your customer? To what extent is your innovation different and better than what is currently being done?
4. Business Feasibility
How is your product, service or design sustainable? Has your team developed a plan? For this competition, sustainability means that your innovation can continue to be updated and generate revenue in the future. What are your plans for future development of the proposed product or service both for yourselves and for others to carry out?
5. Technological Innovation
Does your product or service use technology to challenge people to adapt and think in new ways? Is your product or service technically feasible in the real world?
6. Management Team
Does your team have the right mix of skills and experience to develop this business idea?
7. Go-to-Market Strategies
Have you critically considered your initiatives in how they will enable you to acquire customers, markets and merchants? Are your costs and expenditures clearly articulated?