Bigstart top prize for PTE Meragang
BANDAR SERI BEGAWAN
THE Meragang Form Sixth Centre (PTE) bagged the first prize in the 2nd Bigstart Competition 2013 with their business proposal for production of herbs for daily consumption.
The prize giving ceremony was held at the school yesterday. As the champion, the team from the school received $500, a trophy and certificates.
The prizes were presented by Datin Dr Hjh Asmah Hj Morni, the Acting Director-General for Education, Ministry of Education.
The PTE Meragang set up a company called Sea Cool-Agent offering three types of Seaweed Collagen which can be used in a wide range of health and beauty benefits.
The ‘company’ has also diversified its product from raw seaweed collagen into cooked food and beverages and capsule form throughout the entire competition for the three- month period.
With a start-up capital of $200, the team started its business plan and targeted the sales at the school aiming students, tutors and students’ parents.
They used word of mouth and social media in their marketing strategies, generating a net profit of nearly $700 in just three months.
A total of 14 secondary schools, colleges and pre-university institutions took part in the competition and only five were selected for the final rounds.
The competition organising chairman, Acting Assistant Director of Co-Curricular Education Roslin Suhailee said the competition was a project that provided opportunities for students to develop themselves and give them a chance to socialise as a team.
“The competition also helped in building characters and positive attitudes as well as strengthen the bond of friendship among themselves,” he said.
He added that the competition was also meant to be a medium of education to cultivate the entrepreneurial spirit among students, who worked in groups and to encourage them to work cohesively and gather ideas to address areas of mutual interest.
“By working together the group members can build their own character as well as cultivate positive interpersonal qualities,” he said.
Roslin added that as the organiser, the department hoped to identify and nurture potential students to start their own businesses, as well as assist them to act on productive ideas borne through discussion, workshop and forum.
For this year’s competition, the theme: “Innovations in Agriculture: Go Beyond” was chosen with an idea to groom the participants to be future entrepreneurs.
“To give them a clear view on how to go about preparing their business proposals, the participants were brought to visit Hj Zainal Agriculture Farm at Kampong Masin; made to attend a one-day financial workshop where they learned on how to make business proposal and another workshop “BigStart Innovation Workshop with the cooperation of the Ashcore Corporate Company,” he said. For the competition, the five finalists were then given $200 to start their business plan. He added that although it was a small sum, it encouraged the teams on smart financial planning.
The second place went to Sekolah Menengah Sayiddina Abu Bakar with their business plan in production of herbs in daily consumption. Winning the second place, the team received $450, a trophy and certificates.
The third place went to Sekolah Menengah Masin wherein it focused on the production of banana jam and chocolate. The Al-Jafri Company came up with brand “Choconana” for their product. They won $400, a trophy and certificates.
The Brunei Times