CAYE Young Entrepreneurs Challenge 2015 Seeker to Creator Calling Entrepreneurs aged 20 to 35 years old from Bangladesh Brunei India Malaysia Maldives Pakistan Singapore Sri Lanka Nepal The Winning Entrepreneur will join us at the 4th CAYE Young Entrepreneurs Summit that will be held in Malaysia in November 2015 For more information, visit: www.caaye.com/yechallenge2015
The Commonwealth-Asia Young Entrepreneur Challenge Seeker to Creator The Commonwealth Young Entrepreneurs Alliance - Asia (CAYE - Asia) is seeking for top young entrepreneurs across the eight Commonwealth-Asia countries to participate in the alliance s annual Young Entrepreneur Challenge 2015. The CAYE Young Entrepreneur Challenge is convened in the lead up to the 4th CAYE Young Entrepreneur Summit that will be held in Putrajaya, Malaysia from 30 October to 2 November 2015. Recognizing that youth form a vital part of the global entrepreneurship equation, the challenge seeks to provide a platform for young entrepreneurs in the region to showcase impactful business enterprises that address societal challenge. The challenge is open to entrepreneurs between 20 to 35 years old from Bangladesh, Brunei, India, Malaysia, Maldives, Nepal Pakistan, Singapore and Sri Lanka with existing businesses. Theme: The theme Seeker to Creator aims to search for inspiring young entrepreneurs who are contributing to the development of the Commonwealth Asia region through job creations, community development activities and partnerships within the region. Nomination Criteria: The nominee must: a) be engaged in business in any of the Commonwealth - Asia countries; b) demonstrate that he/ she has created opportunities for others as a result of the business endeavour; c) exercise excellence in entrepreneurial and business leadership; d) be regarded in his/her country with integrity and know for practising good business ethics. e) be aged 20-35 years. f) have started the business in the last 2-3 years and ideally have no family business linkage to this enterprise.
Judging Criteria: 1. Business Acumen Consideration is given to the ability of the candidates in taking advantage of business opportunities within the region, solving challenges along the way as well as in setting corporate directions and effectively implementing plans to achieve targets and objectives set. Judges will also consider the overall impact on the performance of the company in terms of profitability. 2. Involvement in Non-Profit Organizations in CAYE-Asia Consideration is given to concrete achievements in corporate social responsibility as a result of the candidate s involvement in business and civic organizations. Consideration is given to the candidate s contribution in initiating and implementing programs that benefit specific sectors and the CAYE-Asia country in general. 3. Leadership Qualities Consideration is given to the ability of the candidate to steer his/her company to a position of strength and stability as well as high level of standards such as company performance for the last 2-3 years. Previous recognitions and awards earned by the company or entrepreneur will also carry weight. 4. Integrity Consideration is given to the candidate s background and character and how he/she is perceived by his/her peers and the community in his/ her country. 5. Achievement in Job Creation Consideration is given to the candidate s achievement in providing job opportunities as a result of the business. To join the challenge: 1) Fill in the form. To download the entry form, visit www.caaye.com/yechallenge2015 2) Attach a summary of bank statement (for the last six months) by the bank or revenue certificate issued by chartered accountant or the profit and loss account and balance sheet of the business for the last two years 3) Provide a copy of the Business Registration 4) Upload a 3-5 minute video of yourself and/ or your business on Daily motion or YouTube and send the link to us 5) Submit application via email to yechallenge@caye-asia.com.
Evaluation Process: At the national level, a panel of jury will evaluate the business ideas and select top two entries from each member countries Interview will be conducted face to face or via electronic means At the regional level, the top two entries per countries identified will be evaluated against other entries from the region Time Line: Launching of challenge July 15 th Entries Dead line August 15 th Selection of Judges August 30 th Results from Judges by September 20 th top 5 Interview on Skype of each of the five September 30 th Final Winner announcement October 5 th Focal Person: Mian Waqas Masud +92300-5111910 Pakistan waqasmasud_116@hotmail.com/ yechallenge@caye-asia.com
ENTRY FORM COMMONWEALTH ALLIANCE OF YOUNG ENTREPRENEUR -ASIA (CAYE - ASIA) YOUNG ENTREPRENEURS CHALLENGE 2015 Personal Information Name (Mr/Ms) Age Email Mobile Skype Business Information Name of Business Year of Establishment Industry No. of Employees Address Country Contact Detail Reference/ Mentor Name (Mr/Ms) Email Mobile Please provide a brief description of your business, addressing as many points listed in the judging criteria as possible. Specify the key differentiators of your business. (Not more than 800 words) What were the unique challenges you faced as an entrepreneur, particularly in making your business aspiration a reality? (Not more than 500 words) List down the goals of your business over the next three years and share with us how you aim to achieve them. (Not more 250 words)