UTP Champion Of National Entrepreneurship Competition

Last update: 31/10/2017

By Mukhriz Mat Husin

KUALA LUMPUR, Oct 31 (Bernama) -- Three students from Universiti Teknologi Petronas (UTP) won the recent Varsity Entrepreneurship Skills and Talent (VEST) competition.

The UTP team walked away with RM25,000 cash, beating two other finalists from Universiti Putra Malaysia and Universiti Kebangsaan Malaysia (UKM), who were placed first and second runner up respectively.

They also made history as the first team from a private institution winning the competition, said UTP in a statement today.

The UTP students namely Abdul Qayyum Halid, Muhammad Abdul Haiy Halid and Mohd Ikmal Ahmad Zaihidi created and developed an app called SolviePro, which allows job seekers to search for jobs based on their geolocation.

The app also serves as a platform for employers to channel their feedback on potential employment. These feedbacks will help build and improve a candidate´s resume based on criteria required by employers in the market.

273 BUSINESS IDEAS

The six-month long VEST competition, which started in April, attracted 1,696 students from more than 20 higher learning institutions nationwide, with a total of 273 business ideas being pitched.

Consisted of three stages, participants are taught and mentored on sale techniques, marketing, branding, effective communication, building franchise networks and financial planning in preparation to be groomed as future entrepreneurs.

"Some universities had undergone the two stages earlier than us, but we successfully made it to the Top 10 even though we started very late in September.

Later we became the Top 3, advanced to the final and eventually became the champion," said Abdul Qayyum.

The final pitching on business idea was performed in front of Prime Minister, Datuk Seri Najib Tun Razak and more than 2,000 people at Dewan Canselor Tun Abdul Razak UKM.

Winners were judged based on creativity, franchise marketability, online-friendly and mobile-friendly.

During the pitching, the team presented the technology concept of the business idea, the income generation method, the business plan for different phases from 2017-2025 and the collaborative network to enhance SolviePro viability.

-- BERNAMA