Breadboard Incubator Program

Focus Area

Education

Short Description

Breadboard is an initiative which the scholars from UCSI University are setting up to inculcate entrepreneurial spirit among students, at the same time serve as a platform to connect aspiring student entrepreneurs with experienced players in the start-up/social enterprise ecosystem.

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Voting end : 30.06.2018

The Project

Project Owner

Chan Wan Teng

Location

Kuala Lumpur

Problem

Many students dream of being an entrepreneur but don’t know where to begin. Then there are also students who have an idea but do not know how to turn it into a running business. A university with a huge volume of students should provide a platform for students to be able to start student-founded businesses. Students should have the opportunity to experiment their ideas through trial and error. There are also many non-business students who spark ideas from their field of degree for instance food science and engineering and intend to turn it into a business.

Solution

Breadboard Incubator and Accelerator Programme is an intensive 4-month programme aims to turn innovative ideas in addressing critical business/social challenge into investment-ready startups/social enterprises. An incubator program helps students to develop and refine their ideas. It is a programme for students to be able to turn their business idea into reality. Instead of merely having a business idea and starting the business overnight, this incubation programme is created to help facilitate ideation and proof of business concept, provide participants with the right mentors, and bring the potential investors/business partner to the participants. Participants will be able to meet various mentors to attain the right advises and have close-up weekly mentoring sessions with them.

Target Beneficiary

University students in Malaysia

Impact Parameters

Impact Parameters:
1. Number of teams involved
2. Number of workshop conducted by coaches
Assessment:
1. 360 degree assessment
Involve assessment by trainers and peers. There will be an evaluation of the participants’ development growth through a 360-degree exercise upon the completion of the training modules, and to constantly improvise their idea and coming up with a business plan. Project managers will monitor their progress constantly.

2. Demo Day
As this is the last week in the Incubation program, participants are required to showcase their products or services after months of improvising thier idea and coming up with a business plan. On this day teams will have the opportunity to pitch to potential funders and investors.

Project Endorsement

Supporter

1. UCSI University Trust
2. Malaysian Global Innovation & Creativity Centre (MaGIC)

Project Needs

Type of help needed

Funding

Project Cost

RM 75,000.00

Describe Needs

Cost for project as below:

DescriptionPrice/Unit (RM)QuantityAmount (RM)
 Workshop venues500105000
Coaching sessions5,0001050000
Trainers and facilitators500105000
 Workshop materials and stationery100101000 
Food & Beverage 500105000
Transportation100101000
Project Management and outreach200102000
Administration500105000
Publicity and Marketing100101000
Total cost75000

Milestone

Estimate date for the delivery of the project: June 2018
-8 weeks of incubator programme are conducted which involve 10 teams.
-3 months of accelerator programme to be conducted which involve 5 teams.

Voting start date: 21/06/2018

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