INTERNATIONAL BUSINESS INNOVATION & IDEAS COMPETITION 2024
12 december 2024
IN PARTNERSHIP
official results of inovasi24
Heartfelt congratulations to all the medallists!
SUSTAINABLE INNOVATION FOR THE NEXT-GEN
We invite you to join the International Business Innovation and Ideas Competition 2024 (INOVASI24) on 12th December 2024. Themed ‘Sustainable Innovation for the Next-Gen’, INOVASI24 seeks innovative, cost-effective, and practical solutions that foster new ideas in business, management, teaching, and learning. This event is about finding and celebrating talents, supporting early-stage ideas, and facilitating a network of innovators dedicated to shaping our society for the better.
The competition will showcase the creative work of individuals or teams from various sectors including industry, government, universities, schools, and communities. Thus, INOVASI24 is open to everyone, especially students, young entrepreneurs, academicians, and tech professionals worldwide.
Be part of INOVASI24 and contribute to the innovations and solutions that will define our next-generation!
DEADLINES
Abstract Submission
1 OCT - 12 NOV 2024
Registration
12 NOV 2024
Video Submission
2 DEC 2024
Judging Process
3 - 8 DEC 2024
Award Ceremony
12 DEC 2024
CATEGORY
- The competition is divided into FOUR categories:
Researchers/Professionals/Industry
Postgraduates
Teachers
Undergraduates/School Students - 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
INOVASI24 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
INOVASI24 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 all categories with the following:
Outstanding Projects
Medals & e-Certificates
1 Grand Award
4 Semi-Grand Award
5 Special Awards
Gold, Silver and Bronze Medallists
e-Certificates
PUBLICATION OPPORTUNITIES
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 November 2025. Please submit an article by the deadline. More details are available on the ‘Guidelines’ section.
ABSTRACT SUBMISSION
DEADLINE: 12 NOVEMBER 2024
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
1 AUGUST – 12 NOVEMBER 2024
Each entry must be accompanied by an entry fees of:
Researchers/Professionals/Industry
USD30/RM140
Postgraduates
USD20/RM100
Teachers
USD15/RM80
Undergraduates/School Students
USD10/RM50
(EARLY BIRD: 1 – 31 August 2024 entitled to 10% discount)
PROCESS FLOW
TERMS OF REFERENCE
- Each entry must be accompanied by an entry fees of:
Researcher/Professional/Industry
USD30/RM140
Postgraduates
USD20/RM100
Teachers
USD15/RM80
Undergraduates/School Students
USD10/RM50 - 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 INOVASI24.