Mechanics

WHERE CAN YOUR NEXT BRIGHT IDEA TAKE YOU?

The Next Bright Idea is Enderun Colleges’ business and design pitch competition for young aspiring entrepreneurs and creative thinkers.

REGISTER

COMPETITION MECHANICS



  1. The competition is divided into two categories: Business Pitch Challenge and Design Pitch Challenge. The Business Pitch Challenge is meant for profit while the Design Pitch Challenge is centered on concept (e.g. new or existing product development; or service design solution).

  2. Participating teams must register and create their team profiles at https://brightidea.enderuncolleges.com/registration-form/ which they can access anytime as the competition progresses. At this stage of the competition, details on the business or design concepts will not be required yet. Registration period is from December 21, 2020 to March 5, 2021.

  3. Teams of 1-3 members are eligible to join the competition as long as they are high school students (Grades 10-12) and have identified a mentor. They should also get a clearance to join from their respective class advisers or principals. Each school can have a maximum of 3 teams per category. Each team can also participate in either a single category or both categories.

  4. The participants should attend the Enderun Online Entrepreneurship and Design Master Class on March 13, 2021. Experts will also be present to help mentor the participants during the training prior to the main challenge event. Attendance of at least one member of the team is required to proceed to the next stage of the competition.

  5. After attending the Entrepreneurship and Design Master Class, all teams will be required to send a 1,000-word description of their business and/or design concepts at https://brightidea.enderuncolleges.com/user-account/. Only one entry should be submitted per team for each category. Concept deadline will be on March 27, 2021.

  6. Teams joining both business and design pitch challenge should submit each of their 1,000-word concept per category. Please ensure that both files are attached before clicking the “submit” button. Once entries are submitted, the page will automatically be locked and uneditable. All entries are considered final.

  7. From the submitted business and design concepts, Enderun will choose the teams who will be given the chance to pitch during the final round. Only 10 teams for each category will make it to the finals.

  8. The teams will be notified via email if their business or design concept qualifies in the final round. Announcements will also be made on https://brightidea.enderuncolleges.com and Enderun Colleges’ Facebook Page.

  9. During the final round for each category, which will be conducted online through a breakout room via Zoom, each team will be given a corresponding timeslot to pitch their idea for 3 minutes to the judges who will act as venture capitalists, investors, and business executives for the Business Pitch Challenge and thought leaders and key industry experts for the Design Pitch Challenge. Only one member of the team will deliver the pitch. Each team has to answer all questions asked by the judges for a maximum of 10 minutes.

PRIZES


The following awards and prizes will be given to the winners:

Business Pitch Challenge
The Grand Champion will receive Php 50,000 and a trophy.
The First Runner-up will receive Php 20,000.
The Second Runner-up will receive Php 10,000.

Design Pitch Challenge
The Grand Champion will receive Php 35,000 and a trophy.
The First Runner-up will receive Php 15,000.

The following awards and prizes will be given to the winners:

Business Pitch Challenge
The Grand Champion will receive
Php 50,000 and a trophy.
The First Runner-up will receive
Php 20,000.
The Second Runner-up will receive
Php 10,000.

Design Pitch Challenge
The Grand Champion will receive
Php 35,000 and a trophy.
The First Runner-up will receive
Php 15,000.

TERMS AND CONDITIONS



  1. There is no entry fee to join the competition.

  2. Enderun Colleges reserves the right to amend the competition mechanics and dates without notice in the event of any unforeseen circumstance outside of the organizer’s control. Participants will be notified of any changes to the competition.

  3. The participating schools agree to use their name in any promotional material in relation to the competition (e.g. social media posts, competition posters, and/or press releases).

  4. Enderun Colleges will conduct coverage of the participants during the master class and finals. Enderun Colleges will also conduct interviews of some participants and coaches. The photos and videos will be uploaded on Enderun Colleges’ social media accounts (e.g. Facebook, Twitter, Instagram, and YouTube). Rest assured, the photos and videos that will be uploaded on social media will not compromise the participants and schools’ reputation. The videos are meant to encourage the teams’ school, family, and friends to support them during the competition.

  5. Entry into the competition will be deemed as acceptance of these terms and conditions.