Curious about setting up a business with a heart? Compelled by a social mission that you know you breathe about? Sign up today for the 1st in South East Asia’s Creathon 2020!
Our registration ends in 2 weeks times, on 15 November 2019!
Creathon 2020 aims to bring like-minded youth to marry their business idea and social cause into reality!
Don’t miss out on this opportunity to:
- Stretch your thinking skills
- Squeeze your creativity juice
- Test your patients with your friends
- Stepping out of the comfort zone to present to potential mentors or investors.
You might bag yourself some Eureka moment, mentorship opportunities, a turning point of your education path, or at least very least, time with your friends to pitch what you are championing about.
JOIN CREATHON NOW!
(Youth aged 17 – 35 as of 2020)
|1st Prize: $500
2nd Prize: $300
3rd Prize: $150
|1st Prize: $4,000
2nd Prize: $2,000
3rd Prize: $1,000
Sign-ups are open NOW!
*Registering early is recommended due to limited spaces. First come first serve basis.
Hope to see you there! 🙂
This event is organised by the Singapore National Co-operative Federation (SNCF). SNCF reserves the right to cancel, postpone or make changes to the event without prior notice. Read the full terms and conditions below.
Terms and Conditions
Regulation of the Event
Singapore National Co-operative Federation, SNCF, plans to carry out the event called “Creathon”, between 18 & 19 January 2020, which will be governed by the provisions of these terms and conditions.
1.1 The Creathon will promote a social issues challenge over 48 consecutive hours with the main goal of creating a Co-operative to address a challenge in the social enterprise industry.
2.1 The Creathon is organized by Singapore National Co-operative Federation (SNCF) in partnership with the A Good Space. These terms and the event will be promoted through the official website of the event at https://creathon2020.eventbrite.sg.
- Facilities and Infrastructure
3.1. The Creathon will be held at A Good Space@NVPC, beginning at 9:00am on 18 & 19 January 2020, with an expected duration of 8 consecutive hours.
3.2. SNCF reserves the right to change the location and date of the event provided for in the preceding paragraph due to logistical reasons and at its sole discretion.
3.3. Participants consent that Creathon facilities and infrastructure are for the exclusive use of this event.
3.4. SNCF will ensure the technical infrastructure necessary for the event, including Wi-Fi and web access.
3.5. Participants will be responsible for their own IT equipment, such as laptops or mobile devices.
3.6 SNCF will be responsible for providing food to all participants during the event.
- Participants and Applications
4.1. Secondary school students and youth aged 17-35 (as of 2020) are eligible to participate in the Creathon. Participants have to be Singaporeans or Permanent Residents.
4.2. Participants shall be responsible for the organization of the teams and each team shall consist of a minimum of 5 members.
4.3. Formal application shall be submitted at the official Creathon website – https://creathon2020.eventbrite.sg – in the period between 12:00 am of 1 September 2019 and 12:00 am of 1 November 2019.
4.4. The application shall be accompanied by the complete identification of each one of the team members, particularly: Full name, birth date, email. The organization ensures the confidentiality and protection of all personal data provided for participation in the Creathon, which will not be transferred or used for any other purpose.
4.5 In the event of insufficient applicants, the organiser reserves the right to make cancellations to any particular area of the competition, without explanation.
- Event Details
5.1. The Creathon is a competition intended to encourage the creation and development of Co-operative that responds to the challenge posed by SNCF.
5.2. The total duration of the event is 48 hours, and the competition is expected to start at 9:00am on 18 & 19 January 2020.
5.3. The event will start with a team briefing and the delivery of a printed copy of these terms to all participants.
5.4. Teams will have 24 hours to create a business plan. During this period, there will be a stage for considering the ideas of the teams. The goal of this stage is to select the finalist ideas that will be presented to the judge or panel of judges.
5.5 Teams will be given 5 minutes and 8 minutes for their business pitches, for the Secondary and IHL teams respectively.
5.6. After the presentation of the ideas, the judge or judges will deliberate in accordance with the criteria provided for in paragraph 7.1 of these terms to select the winners.
5.7. The event will conclude after the announcement of the winning teams.
- Panel of Judges
6.1. The panel of judges will be selected by the organisers, who will review all eligible group pitches and select the winners.
6.2. One of the panels will be appointed as chairman, who will be responsible for coordinating and ensuring the progression of the work and the panel’s final decision.
6.3. The decisions of the panel will be made by simple majority. The chairman shall have the right to cast the deciding vote, if needed.
6.4. These decisions will be made at the panel’s sole discretion. No team or team member shall make any claim or appeal against the decisions, either interlocutory or final, of the panel.
- Selection of Winning Team(s)
7.1. For the selection of the winning team(s), the evaluation criteria of the business plan to be used by the panel will be:
Concept (50% of score)
- Idea/concept: The concept reflects an innovative approach. The team has a clear understanding of the issue it seeks to address, why the issue is important, the recipients of the product or service, economic and social drivers of the model, and feasibility of the concept.
- Social Impact: The business model is likely to make a substantial contribution toward the solution of the issue it seeks to address and can be sustained for a period of time consistent with achieving the desired social impact.
Execution (50% of score)
- People: The team has or can get relevant skills, contacts, industry knowledge, and experience.
- Context: The conditions (i.e., regulatory, tax, political) are favorable. Market need, size of opportunity, competitive landscape, and potential risk are identified and manageable.
- Resources: The funding plan is sensible in terms of capital required to launch and operate. Funding sources are identified and a plan for securing initial investment is articulated.
- Performance measurement: The plan takes a practical approach to milestones and organizational outcome measurement, and provides a clear plan to deliver high performance.
- Messaging/communication: The team was persuasive in communicating the idea and its potential, through the written business plan, presentation, and Q&A.
8.1. Prizes will be awarded to the winning teams as follows:
|Open Category (Youth aged 17 – 35 as of 2020)||School Category (Secondary School)|
|1st Prize: $4000
2nd Prize: $2000
3rd Prize: $1000
|1st Prize: $500
2nd Prize: $300
3rd Prize: $150
8.2. Prizes will be delivered by 1 March, 2020.
8.3. SNCF reserves the right not to deliver prizes (in whole or in part) should the quality of the final products not meet the challenge of the event and/or should the panel of judges decide not to do so, at its sole discretion. No team or team member shall dispute or make any claims about the decision.
8.4. The payment of any taxes, fees, charges or contributions related to the prizes is the sole responsibility of each individual team member of the winning teams.
8.5. The awards ceremony will take place at the end of the event following the announcement of the winners. If the winners are not present at the time of the announcement, they will be notified (via phone or email) by the organization which will include an alternative method for delivering the prize. The awarding of prizes to third parties will not be allowed.
8.6. Should the winners not claim their prize by December 31, 2020, they will lose the right to it and there will not be any kind of alternative compensation.
8.7 The first-place winners will be required to establish a co-operative within 12 months of the competition to be eligible for the $10,000 seeding fund prize. Should the first-place winners not establish a co-operative within the 12 months, the seeding fund will be made available to the second-place winners.
- Acceptance of and Agreement to Terms and Conditions
9.1. The application to the Creathon implies the full acceptance of these terms and conditions.
9.2. Participants agree to the following conditions for the application and participation in the Creathon:
9.2.1. The solutions developed shall not feature any references of a sexual nature, explicit or suggestive, shall not be offensive, obscene, pornographic or violent or derogatory to any ethnic, racial, religious, professional or age group. They should not encourage any form of hate or group hate nor contain derogatory comments about Singapore National Co-operative Federation or its products or services, or other people, products or companies.
9.2.2. The solutions developed shall not advertise illegal drugs or firearms (or the use of either), or any activity that may convey unsafe, dangerous or political messages.
9.2.3. The solutions developed shall not present registered trademarks or logos owned by third parties or advertise or promote any brand or product of any kind.
9.2.4. The solutions developed shall not contain materials protected by copyright or property of third parties (including photographs, sculptures, paintings and other works of art or images published on websites or on television, movies or other media). Participants shall ensure that the ideas/prototypes/apps proposed are innovative and original.
9.2.5. The solutions developed shall not present any names, images, photographs or other evidences that identify any person, living or dead, without explicit authorization from them or their representatives.
9.2.6. During the Creathon, participants shall act with the utmost courtesy and respect for all persons and entities involved in the event.
9.2.7. Competitors will be required to provide proof of identity at the registration of the event to ensure that only registered individuals will be taking part in the competition.
9.3. Failure to comply with the terms and conditions provided for in this clause may result in, by decision of the panel of judges, at its sole discretion, the exclusion of the participant and/or team from the Creathon with no claim or appeal.
9.4. The organisers reserve the right to disqualify and/or exclude any participants from the competition at their sole discretion, including but not limited to when there is any breach in the Terms and Conditions.
- Intellectual Property
10.1. By participating in the Creathon, participants acknowledge and accept, for all legal purposes, that:
- Ownership of intellectual property shall remain with the participants, including copyright and related rights on the ideas/prototypes/apps and their components, whose design and development the participants have been involved in during the Creathon.
- They are sole authors and owners of their entries, including but not limited to all materials and intellectual property rights (if any) in their entries, and no third-party has any right, title, claim or interest in the entries submitted for Creathon.
- Participants will grant the organisers unrestricted, royalty-free, non-exclusive license to use, apply, reproduce, display, broadcast, modify, summarise, adapt, sub-license and communicate the entries and intellectual property for any communication purposes, including media, case studies, social media, feature articles and other forms, without any payment or compensation to the participants.
- Question or Suggestions
11.1. For clarification, applicants and participants shall first refer to the information available on the Creathon website: https://creathon2020.eventbrite.sg
11.2. For any further information or suggestion, the following email address should be used: firstname.lastname@example.org
11.3. Any omission shall be settled by the panel of judges, pursuant to Clause 6 of these terms.
12.1 Taxes and/or any additional cost or fees (if incurred) by the prize winner in relation to winning the prize or use of the prize are the sole responsibility of the prize winners.
12.2 Should any dispute arise in connection with the competition, or with the interpretation and/or implementation of these Terms and Conditions, the organiser’s decision will be final and no appeal will be entertained.
12.3 In the event of inconsistencies between these Terms and Conditions and any brochures, FAQ, marketing or promotional materials relating to the competition, these Terms and Conditions shall prevail. For avoidance of doubt, in any brochure, FAQ, marketing or promotional criteria constitutes a legally binding offer.