The
Department of Business Administration organized the Sustainable Business Idea
Competition 2023, with a focus on the Technological Revolution. The first round
of the idea competition took place on October 26, 2023, with 11 teams from 13
departments of the World University of Bangladesh (WUB) participating with
their unique and creative ideas. From the first round of the idea competition,
the judging panel selected four teams for the final round based on ten
criteria: Innovation and Creativity, Market Research, Feasibility, Business
Model, Team and Expertise, Scalability and Growth Potential, Sustainability and
Social Impact, Financial Viability, Presentation and Communication, and
Competitive Advantage.
The
judging panel for the first round consisted of Kazi Hassan Robin, Zubair Khalid
Labu, Md. Nasim Fardose, Zenat Islam, Farhan Mahbub, Md. Asaduzzaman Rasel,
Abdullah Mohammad Sharif, Ujjal Yaman Chowdhury, Md. Amith, and Md. Azim. The
judging panel for the final round included Sabera Anwar, Founder of GoDeshi -
Made In Bangladesh, Mohammad Kawsar Uddin, President of Technology Media Guild
Bangladesh (TMGB) & General Secretary at ISOC Bangladesh Chapter, Md.
Musfiqur Rahman, DGM & Head at NEC (Sales, Marketing & Business
Operations), NEC Corporation, Kazi Hassan Robin, Head of CSE Department, and
Ujjal Yaman Chowdhury, Assistant Professor at World School of Business.
In the
final round, three teams were chosen as the winner, first runner-up, and second
runner-up. All the winning teams focused on technological innovations to
achieve sustainability in their new endeavors. The idea of the winner was an
AI-based solution for career-related services. The idea of the first runner-up
was an AI-based solution for storing data of disease diagnostics for patients
with analytical reports and predicting probable diseases for doctors. The idea
of the second runner-up was an AI-based app that can solve the issues of
stitching services for those who prefer Do It Yourself (DIY) for their ragged
dresses.
The
prize-giving ceremony was graced by Professor Dr. Mijanur Rahman from the
Department of Marketing at the University of Dhaka as the chief guest. Other
guests at the prize-giving ceremony included Dr. Abdul Mannan Choudhury, Vice
Chancellor of WUB, Prof. Dr. M. Nurul Islam, Pro-VC of WUB, and Morsheda
Choudhury, Treasurer of WUB.
As the
chief guest, Professor Dr. Mijanur Rahman said that in the second stage of idea
implementation, the team should focus on idea screening and avoid two mistakes
in the screening stage: Drop Error and Go Error. He also suggested ensuring
global standards, technology, and social impacts for successful sustainable business
idea implementation.
The program received support from the core members and
coordinators of the WUB Business Club and WUB Entrepreneurship Club and was
partially sponsored by the “Web Kingdom”. The media partner of the program was
ATN Bangla.
