A chance for young talents ready to make a difference – that was the aim when the members of the German Business Association decided to start the “GBA Business Challenge”. Among the board and interested, active members of the GBA, an internal working group formed and set up a nation-wide contest, to look for Business Ideas that would not only be promising in an economical aspect but ideally solve an issue for the better.
After weeks of diligent screening, the working group, consisting of Prof. Dr. Tomas Benz, Mr. Stefan Hase-Bergen, Prof. Andreas Stoffers, Ms. Emilie Braun-Cruickshank, Mr. Nam Hoang, Mr. Herbert Gonder und Mr. Holger Benthien, selected the five best ideas that matched with the following criteria:
- Feasible and realistic
- Not yet on the market
- Can be realized within 1 year
- Delivers a value for the society
- Advantageous environmental impacts
- Advantageous social impacts
Over 30 interesting business ideas from all over the country have been submitted after the challenge was opened and the working group around GBA board member and president of the Vietnamese-German University Prof. Fr. Tomas Benz selected the most promising. “We intentionally limited the competition to ideas that were not yet established, to especially also give applicants a chance, that might have a game-changing idea, but not the financial or formal resources to turn it into reality. Therefore, the best candidates received training by the VGU to refine their Business Plan and have a chance to pursue the idea.”
On Monday, 7 December the five teams pitched their ideas to an exquisite business audience – at the GBA Monthly Business Meeting at Park Hyatt Saigon.
The three winning teams will receive an amount of money (1. Place, 160 mill VND, 2. Place 80 mill VND, 3. Place 40 mill VND) to get immediately started with the realization of their Business Idea. Additionally, the chances to evoke interest and find a partner among the high-level Business audience is high.
After a vote among the participants, we congratulate the winning teams and also the finalists for their great efforts and contributions:
1st prize – 160.000.000 VND: FUTURISTIC MICROALGAE
A new and environmentally friendly approach for processing wastewater. The team from Da Nang University participated together with their professor Ananta Kumar consisted of Phạm Huỳnh Thiên Ân, Nguyễn Quang Hòa, Ngô Diễm Linh, Nguyễn Quốc Vương.
2nd prize: 80.000.000 VND: FARMER2PRODUCER
An e-commerce trading platform for dried pepper with the mission is to bring convenience to farmers with simple, easy-to-use application. The team formed by Mai Quỳnh Thanh Tú, Trần Thị Thuý Trinh, Nguyễn Thị Ngọc Ánh, Nguyễn Duy Sỹ, Phạm Vũ Thu Nguyệt and Hồ Thanh Phong also is from Da Nang.
3rd prize: 40.000.000 VND: UPCYCLING CULTURE
The team around Trương Vĩnh Hoàng Châu and Nguyễn Lương Bảo Châu offers fashionable clothing items at the same time reduce waste by adding more value to existing clothes.
Congratulations! We will stay in touch to see your vision come true.
Successfully joined the finals:
A team from Ho Ch Minh City: 2 in 1 solution to collect organic waste and turn it into a mix of soil and organic fertilizer, Trần Thị Hường, Phạm Thị Hồng Nhung
From Hanoi: Vu Le Bao Han and Vu Le Bao Hue presented an application that connects restaurants, customers, and stores to find the safe supply of vegetables, meat and find the right source of the desired demand.
If you would like to get in contact with the teams, please drop us an E-Mail.