Our business has mainly two objectives: creating profit and protecting the environment through recycling paper in a more effective and efficient way. Our Inside Business is collecting used paper from corporations and households and then selling the gathered paper to existing recycling enterprises, demonstrating firsthand the preservation of the environment and CSR. The Outside Business is the advertisement for partner corporations. We will establish contracts with corporations that participate in our business to advertise the corporations, simultaneously establish contracts with individuals/households to distribute “Green Cards” in return for used paper. “Green Card” is to accumulate mileage for the amount of used paper the households give to us and to give benefits from the partner corporations’ service and products. Through this, corporations gain a lot more targeted consumers.

Participants from Singapore and Indonesia also had a chance to talk andf interact through teleconferencing.

Winner: Team HEMERYX
First Runner Up: Team TWELVE BASKETS
Second Runner Up: Team PFLIQ
Innovation: Team BARCOL-AIR

The winning team will represent Singapore in the Global Enterprise Challenge 2010 in Bali Indonesia. Good job mentors on your team’s achievements.

Real Time Updates on Twitter | Participants Information

30 May 2010 | Congrats tot he winners of ASEC 2010 Singapore (Link)

30 May 2010 | A sample of the business plan and presentation from one of the teams at ASEC 2009 (Bplan) (PPT)

30 May 2010 | What is an elevator pitch?

30 May 2010 | Deadlines! Presentations start at 4pm. Group order will be out soon. Remember to email your powerpoints and business plans by 3.30pm to organisers @gec-singapore.com. You will receive a confirmation of your submission. All the best!

29 May 2010 | The Judges (Link)

29 May 2010 | The Challenge

According to the UN Food and Agriculture Organization some 13 million hectares of the world’s forests are lost every year, including 6 million hectares of primary forests. Primary forests — forests with no visible signs of past or present human activities — are considered the most biologically diverse ecosystems on the planet. Besides wiping out biodiversity, deforestation contributes about 20% of global greenhouse gas emissions.

The main causes of deforestation include cutting timber to construct houses and furniture, and make paper.

Your challenge today is to design a product or process that will significantly reduce the use of timber in one or more of these areas: housing construction; furniture; or paper.  You will need to create a business plan for your product, and a 3-D model to be shown to potential investors.

In addition, your design will also need to educate the public – especially young people — about the benefits of your product.  Therefore, your 3-D model will later be donated to the local science museum as an exhibit, helping children learn how your product or process contributes to reducing deforestation and/or greenhouse gas emissions.

29 May 2010 | The ASEC2010 Challenge on youtube

29 May 2010 | Photos of the first part

29 May 2010 | The Live Stream From Singapore (ustream link)

29 May 2010 | The Live Stream From Indonesia (ustream link)

28 May 2010 | The Indonesians are already starting ASEC 2010! (Pic)

28 May 2010 | The twitter hashtag for the event will be #asec2010

28 May 2010 | One more sleep till ASEC 2010… See you at science centre tomorrow.

20 May 2010 | Another 9 more days until ASEC 2010. Hope you are all excited!