The Next Bright Idea is an annual business pitch competition for young aspiring entrepreneurs. It aims to generate breakthrough business ideas that will be presented to a live audience and a panel of judges. On its sixth year, The Next Bright Idea is opening their floor once more to High school students (Grade 10-12) to present their entrepreneurial concepts and get a chance to win Fifty Thousand Pesos (Php 50,000).
A pitch is a concise presentation that outlines an idea of a new product or service to a potential investor; it’s basically delivering a business plan verbally. The goal is to convince a venture capitalist that your business idea is worth investing.
This year, the theme of The Next Bright Idea is “Sustainability: Ideas That Make a Difference.” Sustainability is defined as meeting the needs of the present without compromising the ability of the future generations to meet their own needs.
Participants are required to develop and present business concepts that are sustainable. These must be new products or services that answer the consumers’ needs while protecting public health and environment, from production until final disposal.
Senior High School Edition
- Grand Champion
The grand champion will receive PhP 50,000.
- First Runner Up
The first runner up will receive PhP 20,000.
- Second Runner Up
The Second Runner up will receive PhP 10,000.