AIT 100k Competition: Impact Innovation Challenge

3 May 2023

AIT 100k Competition: Impact Innovation Challenge

Asian Institute of Technology cordially invites all innovators to participate in the AIT 100k competition event, which seeks to identify and promote game-changing business plans with the potential to bring about significant social, economic, and technological changes that align with sustainable development goals (SDGs). Proposals should offer novel and imaginative solutions that address at least one of the following five SDGs:

SDG 1: No Poverty 
SDG 7: Affordable and Clean Energy 
SDG 9: Industry, Innovation, and Infrastructure
SDG 11: Sustainable Cities and Communities
SDG 13: Climate Action

Innovative solutions can take many forms, including an ICT tool, software, app, sustainable product, business model, or other impactful innovative solutions. Successful proposals may lead to the inception of a start-up business or project with great potential for success. To be considered, submissions must clearly identify the societal problems they aim to solve and propose innovative and sustainable solutions that align with one or more of the five SDGs. 

This competition places a high priority on student participants who can demonstrate a prototype of their proposed solution, provide an economic valuation, and demonstrate the feasibility and cost-effectiveness of their proposed solution. By joining this competition, you will have the opportunity to showcase your innovative business idea and contribute to a better world, while competing for a Grand Prize of 100,000 THB as well as Public Choice Award 10,000 THB. Don’t miss this chance to make a real difference and shape the future of sustainable development!

Event location:  Asian Institute of Technology, Klong Luang, Pathum Thani, Thailand.

Terms and Conditions for AIT 100k Competition: Impact Innovation Challenge

  • Eligibility: The competition is open to all students of the Asian Institute of Technology (AIT) and other Thai Universities who are in undergraduate, and graduate student. Each team must consist of 2-4 members.
  • Registration: Teams must register online in order to participate in the competition. Registration will close on May 15, 2023. Late registrations will not be accepted.
  • Idea Submission: Each team will be required to submit an innovative idea proposal, a presentation slide, which should not exceed 15 slides, and an optional video by May 15, 2023. The proposal must include a detailed description of the business idea, market research, marketing plan, financial projections, and any other relevant details. The video submission is not a mandatory requirement for this competition and will not be considered as extra credit towards the team’s proposal.

Sustainable Innovative Proposal must be submitted by 15th May including:

  • Summary of the project (Introduce the team’s ideas and what contributions they will make on SDGs?
  • Problem identification (Analysis of challenges relating to SDGs)
  • Mission, vision, and values of the project
  • Technical model (How to address the challenges relating to sustainable issues)
  • Timing justification (Why is this moment the best time?)
  • Business plan (Target group, the description of outputs and related activities, applied methods, partners, and sustainability)
  • Financial plan (capital and revenue analysis)
  • Phase development planning (what is the potential contribution of your project 3 years later? How do you plan to achieve this? What are the milestones?)

Selection Criteria:
The Committee of this competition is composed of experts in various backgrounds, team counselors, and innovation with experience in innovative sustainable development goals.
The projects and their proposals will be assessed according to the following criteria:

  • Impactful Innovation and Creativity
  • Alignment with Sustainability Development Goals (SDGs)
  • Business model
  • Feasibility and scalability
  • Design and user experience
  • Environmental and Social Responsibility
  • The effects of project
  • Team capability: Proposal, Communication, and Presentation

After your selection:
The shortlisted teams will be invited for the final competition including 5 minutes for idea pitching and 5 minutes for Q&A with judges.

  • Call for final competition: The shortlisted participants will be called for final competition. 
  • Winner Selection: The winner of the competition will be announced on the event day (date of event will be announced in an invitation email). The finalist will be determined by the judging panel. The decision of the judging panel will be final and binding.
  • The public choice award is based on the voting from audiences.
  • Ownership of Ideas: All business ideas submitted for the competition shall remain the property of the teams. The sponsor of the competition shall have no ownership rights or interest in any of the ideas submitted.
  • Liability: The sponsor will not be held liable for any damages or losses incurred as a result of participation in the competition.
  • Disqualification: The sponsor reserves the right to disqualify any team from the competition for any reason, including but not limited to, violation of the rules or fraudulent activity.
  • Amendments: The sponsor reserves the right to amend the terms and conditions of the competition at any time, without prior notice.

For further queries/doubts, please contact: su-outaopp@ait.asia, Outreach and Entrepreneurship Committee, Student Union, Asian Institute of Technology