Tiger Tank Student Entrepreneur Competition

What we're doing

Tiger Tank Malaysia is hosting the Tiger Tank Student Entrepreneur Competition, which is a business pitching competition for Malaysian secondary school students.

I don't know what a business pitching competition is...

Competition flow

1. Format

   Participants must form a team of 1 to 3 people. The competition will be open to all Malaysian secondary school students (Form 1 to Form 5).

   Each team has to come up with a business model that solves a real-world problem. Participants are encouraged to follow our value drivers, which will be used to evaluate teams' business models.

2. Registration

   Once registration opens, a link to the registration form will be uploaded. Participating teams should then fill in the form and submit a pitch deck for their business model in the form of a slideshow presentation. The competition is free — no fees are required. Make sure to stay updated by following our social media pages!

3. Workshop

   Before the competition begins, we will host a workshop to equip participants with basic entrepreneurial knowledge. This workshop will include talks given by industry experts as well as activities to sharpen participants' business analysis skills.

   • Date

     To be announced

   • Venue

     To be announced

4. Preliminaries

   This is when the competition begins. All teams will move on to this stage as long as their submission meets our non-negotiables.

   • Date

     To be announced (September - October)

   • Venue

     To be announced

   Teams will present their business pitches in the form of slide show presentations in front of a panel of industry experts and business consultants. This is followed by a Q&A session with the panellists.

5. Finals

   The best teams will be shortlisted for this stage.

   • Date

     To be announced

   • Venue

     To be announced

   Teams will get personalised feedback from industry experts regarding their business models. They will then have to improve upon their business models based on the feedback given while overcoming challenges presented by the panellists.

Judging rubric

Value drivers

Problem identification (20%)

Assessment criteria:

1. The depth of investigation of the problem.
2. The severity of the problem (how many people are affected by the problem).
3. The urgency of the problem (how long the average person can reasonably live with the problem).
4. Teams' ability to effectively identify their business models' target market and stakeholders' needs, based on their target market's:
   • Pain point (that is, the urgency and relevancy of the problem)
   • Purchasing power
   • Ease of targeting
   • Growth
   • Size
5. Socioeconomic impact and national relevance, measured by alignment with goals and benchmarks of socioeconomic impact:
   • The United Nations' Sustainable Development Goals (SDGs)
   • Malaysia's New Economic Policy (NEP)
   • Malaysia's National Development Policy (NDP)
   • Malaysia's New Economic Model (NEM)
6. Environmental impact.

Value proposition (18%)

Assessment criteria:

1. Implementation of the Blue Ocean Strategy.
2. Ability to create an uncontested marketplace free from competitors.
3. Differentiation through elimination, reduction, easing and creation of value.
4. Potential of proposed solutions to shift industry boundaries rather than operate at the same pace as them.
5. Ability to demonstrate that the proposed solution cannot be easily replicated or forged by current industries.
6. ROI of innovation.
7. Ratio of return against the effort put in to make an already existing business model better.

Scalability (12%)

Assessment criteria:

1. Ability of the business model to perform at large scales and address large markets.
2. Strategy to reach a multinational or global scale without compromising quality of product or service.
3. Elaboration of the mechanism behind scaling the business model.
4. Solutions to challenges that affect business models on a large scale.

Unit economics (15%)

Assessment criteria:

1. Customer lifetime value (LTV).
2. Customer acquisition cost (CAC).
3. Cost structure (e.g. rental and subscription, premium pricing).
4. Justification for pricing and cost structure.
5. Profitability.
6. Estimated margins.
7. The ability to monetise existing assets into revenue and generate profits on a larger scale compared to existing business models.

Sustainability (11%)

Assessment criteria:

1. Relevance to future industrial trends.
2. How long the business model can last in the market.
3. Solutions to long-term challenges that will be faced by the business model based on future industrial trends (e.g. AI).
4. ROI of the solution.

Risk mitigation (9%)

Assessment criteria:

1. Identification of market risks.
2. Preparation of solutions to address market risks.
3. Practicality of the proposed solution.
4. Timeframe for the implementation of the solution.
5. Practicality of the pathway to make the venture successful.
6. The ROI of the solution.

Quality of presentation (15%)

Assessment criteria:

1. Data accuracy.
2. Degree to which the data is well-researched and backed by evidence.
3. Accuracy of the provided financial estimates and predictions.
4. Integrity in data presentation (data manipulation is forbidden).
5. Decorum (confidence, clarity of presentation and delivery of presentation).

Non-negotiables

If participants fail to meet these criterias, they will be immediately disqualified.

Legal compliance

1. Business models must comply with national and international laws surrounding business conduct.
2. Business models must be ethical, that is, they must not involve exploitation and manipulation.
3. Business models must not involve any of the following:
   • MLMs
   • Ponzi schemes
   • Pyramid schemes
   • Data or privacy exploitation
4. Business models cannot involve deliberately sabotaging other businesses.

Integrity

Participants must not deliberately manipulate data, forge evidence or research, intentionally mislead judges or commit any unethical misconduct.