2012 CID Cup MBA Business Plan Competition Regional Final of Shanghai Jiao Tong University
Publisher : MBA办公室 Apr.24,2012
On April 15, 2012, the 2012 CID Cup MBA business plan competition regional final of Shanghai Jiao Tong University was held on Fahua campus in the afternoon. CID Cup Business Plan Competition was named after the well-known venture capital firm The CID Group in 2007. And after ten years development it has become a renowned brand in china.
Encouraged by the success of 2011, the competition invited all MBA students from business schools in Taiwan, Hongkong and Macao, further expanding the influence of the tournament in 2012. After preliminaries and semi-finals, ten teams were selected for this regional final of Shanghai Jiao tong University.
Judges of the competition, professors from Antai, and experienced industry experts, included Associate Professor Dong Zhengying, Partner of Shanghai New Central European Venture Capital Management Co., Ltd. and the Deputy Secretary-General of Shanghai Technology Entrepreneurship Foundation for college students, Mr. Chen Hu, Partner and Shanghai Branch Manager of Fortune Capital Co., Ltd, Mr. Fu Zhonghong, and Manager of NCE Ventures CO., Ltd.
Before the competition started, the Associate Dean of Antai College of Economics and Management, Professor Dong Ming spoke, stressing that the cultivation of creative talents is the cornerstone of development in every country. He pointed out that the revenue of all corporations founded by MIT alumni was as large as 230 billion, almost the same size of a country. And he also expressed his expectation of CID cup MBA Business Plan Competition to become an incubator of ideas, and in this way help build the innovation and entrepreneurship brand of the Antai MBA.
The extensive ideas brought up in the competition covers biomedicine, chemical, food, e-commerce, new material, trade, new type service and the like. Comparing with last year, it enjoyed significant improvement from last year. Its teams had greater edges and advantages than their predecessors. Albeit that, the judges also pointed out some disadvantages. Insufficient presentation, wobbly structure and weak financing plan are the main problems common in the participating teams.
The judge panel ultimately selected one first prize team, two second prize teams, and three third prize teams from comprehensive evaluations of 10 aspects such as the innovation, values, business prospects, and statements about the project. First prize winning commercial projects will participate in the national final in the later half of this year.