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Thách Thức $20 Triệu is the Vietnam business plan competition to find entrepreneurs who have skills and commitment to execute their business plan and develop a very successful business. The winner will receive a $400,000 investment and ongoing support to reach the target of a $20 million company value within 5 years.
Thách Thức $20 Triệu aims to identify highly committed entrepreneurial individuals who have experience in management positions at multinational companies in Vietnam, post-graduate students or those who have talents and commitment to succeed and take action to realize ther dreams. The participants will be evaluated by the Judgment Board comprised of venture capitalists and successful entrepreneurs. We specifically look for execution ability and commitment of the team, instead of just excellent ideas. We expect many of the short-listed participants will have business plans in areas such as branded consumer products, retail, franchises, distribution and internet.
The event is organized by Mekong Investment and co-sponsored by Mekong Capital, Navigos Group and LeBros Media.
WHAT
IS THE
PRIZE?
Investment
The winning
team will
receive an
investment
of $400,000,
in which
$10,000 will
be the award
for the
winning
team, which
they can
invest
themselves
in the
business,
and $390,000
will be an
investment
in the
winning
team’s newly
established
company.
With the
ultimate
goal of the
company
reaching a
value of $20
million
within 5
years, the
winning team
will
gradually
earn bonus
shares from
the company
as the
company
meets
pre-agreed
milestones.
Ultimately
if the
company
reaches the
target of a
$20 million
company
value within
5 years, the
winning team
will have
received a
number of
bonus shares
from the
company
equal to up
to 50% of
the
company’s
issued
shares, a
value of $10
million.
Note that
this
percentage
may be
reduced if
there are
other
investors
subscribing
additional
shares
issued after
the initial
establishment
of the
company.
Post-investment
ongoing
support from
investors
The investors will support on strategy, business expansion planning, financial reporting, building the capacity of the management team and capital raising at later stage if any. While the investors will be represented on the Board of Directors of the company, they will not involve in the management of the company.
However, there is no guarantee that the company will be successful as a result of the investors’ involvement and support and the investors take no responsibility if the company fails to execute its plan.
ORGANIZER
Mekong Investment
Mekong Investment makes direct investments in Vietnam. We focus on start-up companies and also work closely with individuals who plan to establish companies.
As an investor, we aim to support start-up companies to increase their capability to:
raise capital from outside investors;
build its management team;
develop the business plan and financial model;
identify business partners; and
implement strong corporate governance.
We do not get involved in the management of the companies but instead we help them to build the internal capacities which will help to ensure their success and long term growth.
Mekong Investment is an investor in the winning business plan of the first Mekong Capital - $20 Million Challenge contest launched in Jan 2007, and is the main organizer of the $20
Million Challenge launched in December 2007.
CO-SPONSORS
Mekong Capital is an employee-owned Vietnam-focused investment management company which manages two private equity funds, the Mekong Enterprise Fund Ltd. and the Mekong Enterprise Fund II Ltd., and one privatization fund, the Vietnam Azalea Fund Limited.
Mekong Capital was established in 2001 by individuals with extensive background in the investment management industry, both in Vietnam and international. We are an active investor who strive to add significant value to the companies in which we invest. In particular, we help companies to build up their management teams, make improvements to financial reporting systems and increase operational efficiency – all of which is intended to lead to faster growth and successful listings of the companies’ shares on a stock market.
Navigos
Group is the
leading and
largest
recruiting
and
integrated
human
resource
solutions
provider in
Vietnam. We
offer a
complete
portfolio of
HR services,
including:
Executive Search & Selection
HR Advisory Services - HR Consulting, Temporary Staffing, and Research (Salary Survey)
Training Services Online Recruitment –
www.vietnamworks.com
Print Advertising for jobs and education
Navigos
Group was
founded in
2002 with
the mission
to help
businesses
manage their
most
important
strategic
asset –
PEOPLE. We
emphasize
quality,
client
service and
integrity,
and bring
valuable,
practical
results to
every
assignment. Navigos
Group has
more than
230
employees
and offices
in Ho Chi
Minh City
and Hanoi.
LeBros was
established
in 2002 by a
strong and
experienced
team of
management
and has
grown
rapidly to
become one
of the
biggest and
most
developed PR
and events
companies in
Vietnam,
with the
average
annual
growth rate
of 70%
during the
last three
years.
LeBros has
more than 60
full-time
employees
who are
creative and
professional
expertise,
being able
to work with
multinational
companies,
international
corporations
and giant
enterprises
in almost
provinces in
the region
and the
country.
In LeBros, our
customers’
success is
the measurer
of the
working
effectiveness
and the
motivation
to our
business.
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