A Global Learning and Awarding Program for Student Innovation Projects
Why Next Idea to Venture
Business is one of the fundamental rules governing the operation of modern society.
01
Cultivating a Value Creation Mindset
Business activities are inherently about creating value. By generating value for different roles and participants within a business, it enables the business to function and allows all parties to gain the desired benefits.
Participating in business innovation and entrepreneurship activities can cultivate and train students' value creation mindset. By creating the value needed by all parties, it propels the development of projects, the progress of initiatives, and the resolution of problems.
02
Understanding the Basic Rules of Society
Whether in daily life or work, for individuals or organizations, various business relationships together form a complex yet orderly society. Its powerful force continuously creates social wealth, optimizes the allocation of social resources, and drives the progress of society as a whole.
Engaging in business and entrepreneurial activities helps students to closely observe, think about, and understand the underlying rules that drive societal operation. It enables them to comprehend and view various phenomena from a societal perspective and learn to apply a business mindset to address and manage a range of issues.
We evaluate business ideas not only based on their financial profitability and potential, but with a greater emphasis on the innovation and corporate social responsibility inherent in the business itself.
Innovation
Business innovation is the process of creating value by innovating within business activities. This innovation can manifest in various aspects, such as keen insights into unmet market demands or trends, providing better solutions for existing needs through technological or product innovation, enhancing and improving experiences through service innovation, or innovating business models to directly create new opportunities. Next Idea to Venture encourages students to create value through innovation rather than offering just another homogenized option.
Next Idea to Venture places a strong emphasis on the social and environmental impact of the business plans proposed by students. In our mission to nurture the business and entrepreneurial leaders of the new era, we aim to instill a deep sense of corporate social responsibility within our students. We believe that true leadership is not only about financial success but also about contributing positively to society and the planet. By fostering this awareness, we equip our students with the values and vision necessary to drive sustainable growth and innovation in their future endeavors.
Corporate Social Responsibility
What Will Students Do?
Students are required to form teams of 5 to 10 members for the Next Idea to Venture project, where they will identify a business opportunity and craft a detailed business plan.
Decide the Business
Determine the business venture you will undertake and provide a comprehensive overview.
Plan Operation
Develop a detailed operational plan based on the nature and characteristics of the business.
Analyze Market / Industry
Conduct market research and industry analysis to understand the competitive landscape.
Make Financial Projection
Create realistic financial forecasts that account for various business scenarios.
Design Product / Service
Elaborate on the products, product lines, or services that your business will offer.
Explain Scalability
Discuss the sustainability and scalability of the business, outlining how it can grow over time.