INTERNATIONAL BUSINESS INNOVATION & IDEAS COMPETITION 2023
5 DECEMBER 2023
IN PARTNERSHIP
TECHNOLOGY DRIVEN TRENDS IN 2023
We invite you to join International Business Innovation and Ideas Competition 2023 (INOVASI23) on 5th December 2023. INOVASI23 seek innovative, cost-effective, practical solutions, and new ideas to business, management, teaching and learning. The event is about finding and celebrating talents, supporting early-stage ideas and facilitating a network of innovators in shaping our society for the better.
The competition will showcase the creative work of individuals or teams in industry, government, universities, schools and community. Thus, INOVASI23 is open for all especially students, young entrepreneurs, academicians, and tech professionals worldwide.
Be part of INOVASI23 for the innovation and solution!
Download poster of INOVASI21
OUR PARTNERS
Welcoming remarks from our partners
Assoc. Prof. Dr. Wan Mohamad Asyraf Wan Afthanorhan
Deputy Dean (Reseacrh and Development)
Faculty of Business and Management
Universiti Sultan Zainal Abidin, Terengganu, Malaysia
Tuan Haji Wan Zuraidi bin Che Wan Zaid
Ketua Penolong Pengarah Kanan Bahasa (Sektor Pembelajaran)
Jabatan Pendidikan Negeri Terengganu
Azza Jauhar Ahmad Tajuddin
President
Malaysian English Language Teaching Association (MELTA)
Terengganu Chapter
Professor Dr. Isti Fadah
Dean
Faculty of Economics and Business
Universitas Jember
Professor Rafis Abazov
Vice President
Centre of Cooperation and Strategic Development
Kazakh National Agrarian Research University
AWARD CEREMONY - Tuesday, 11.00AM
TECHNOLOGY DRIVEN TRENDS IN 2023
We invite you to join International Business Innovation and Ideas Competition 2023 (INOVASI23) on 5th December 2023. INOVASI23 seek innovative, cost-effective, practical solutions, and new ideas to business, management, teaching and learning. The event is about finding and celebrating talents, supporting early-stage ideas and facilitating a network of innovators in shaping our society for the better.
The competition will showcase the creative work of individuals or teams in industry, government, universities, schools and community. Thus, INOVASI23 is open for all especially students, young entrepreneurs, academicians, and tech professionals worldwide.
Be part of INOVASI23 for the innovation and solution!
Download poster of INOVASI21
DEADLINES
Abstract Submission
20 NOV 2023 (EXTENDED)
Registration
20 NOV 2023 (EXTENDED)
Video Submission
30 NOV 2023
Judging Process
1 - 3 DEC 2023
Award Ceremony
5 DEC 2023
CATEGORY
- The competition is divided into FOUR categories:
Researchers/Professionals
Teachers
Students (Higher Institutions)
Students (Secondary & Primary Schools) - We welcome product, service, marketing, organizational, process and business model innovations in the field of (but not restricted to):
Accountancy
Business
Entrepreneurship
Finance/Islamic Finance
Human Resource Management
International Business
Insurance/Takaful
Management
Marketing
Risk Management
Teaching/Learning
JUDGING CRITERIA
Business Innovation
Judging is based on the following criteria:
Novelty – How is this design unique or innovative compared to other designs in this category?
Benefit to the Users – How does this design benefit the intended users through its performance, comfort, safety, ease of use and/or affordability?
Benefit to the Society – How does this design benefit greater good; consider society, the environment, culture and/or the economy?
Commercialization – Is the idea based on a clearly identifiable client/customer need? How will it create value?
Others – Other value such as publication, award, recognition, intellectual property etc.
*Judging criteria may change and vary for each category.
Business Ideas
INOVASI23 also welcomes brilliant ideas or prototypes. Judging will be based on the following criteria:
Novelty – How is the idea/prototype unique or innovative compared to other designs in this category?
Benefit to the Users – How does this idea/prototype benefit the intended users through its performance, comfort, safety, ease of use and/or affordability?
Benefit to the Society – How does this idea/prototype benefit greater good; consider society, the environment, culture and/or the economy?
Commercialization – Is the idea based on a clearly identifiable client/customer need? How will it create value?
Innovation in Teaching & Learning
INOVASI23 also welcomes innovations in teaching and learning which can be commercialized. Judging will be based on the following criteria:
Novelty – How is the idea/prototype unique or innovative compared to other designs in this category?
Benefit to the Users – How does this idea/prototype benefit the intended users through its performance, comfort, safety, ease of use and/or affordability?
Benefit to the Society – How does this idea/prototype benefit greater good; consider society, the environment, culture and/or the economy?
Commercialization – Is the idea based on a clearly identifiable client/customer need? How will it create value?
PRIZES & AWARDS
Prizes will be awarded to the best ideas in both categories with the following:
Outstanding Projects
Medals & e-Certificates
1 Grand Award
3 Semi-Grand Award
5 Special Awards
Gold, Silver and Bronze Medallists
e-Certificates
PUBLICATION OPPORTUNITY
We aim to publish:
Abstract Book
Chapter in Book
Submission of full paper is optional. However, participants are encouraged to submit full papers of their innovations to be published as chapter in book by end of June 2024. Please submit an article by the deadline. More details are available on the ‘Guidelines’ section.
ABSTRACT SUBMISSION
DEADLINE: 20 NOV 2023 (EXTENDED)
An abstract of 250-500 words must be submitted containing background of your innovation, problem statement, objective, novelty, benefits to society etc. Template of the abstract can be downloaded from the Guidelines section.
REGISTRATION
10 JUNE – 20 NOV 2023 (EXTENDED)
Each entry must be accompanied by an entry fees of:
Researcher/Professional
USD30/RM140
Teachers & Students
USD20/RM92
(EARLY BIRD: 6 JUNE – 30 JULY 2023 entitled to 10% discount)
PROCESS FLOW
TERMS OF REFERENCE
- Each entry must be accompanied by an entry fees of:
Researcher/Professional
USD30/RM140
Teachers/Students
USD20/RM92 - An invention/innovation is presented in the form of video presentation. Prototypes and business ideas are also welcomed and be presented in video form.
- Inventor/innovator must complete a separate entry form for each invention/innovation, which they wish to compete. Not more than one invention/innovation may be submitted on each form.
- The team members of each project is limited to EIGHT (8) people ONLY.
- The decisions of the judges are final. Any complain will not be entertained.
- The submitted title of invention is final and cannot be revised.
- Any changes after the form is submitted will not be entertained.
- All enquiries can be directed to Secretariat: