river-hongbao-entrepreneurship-challenge-a (Original Size)
An RP team made up of School of Management and Communication (SMC) and School of Applied Science (SAS) students pitched their business idea on 4 January 2019 and won the Inaugural River Hongbao Hackathon. The hackathon was an entrepreneurship competition managed by the River Hongbao organising committee and sponsored by Mapletree, a real estate investment company headquartered in Singapore.
The team consisting of Samuel Timothy Yap (SMC Year 1 student), Loh Jay Kai Zechariah (SMC Year 1 student) and Darin Kris Lobo (SAS Year 2 student) walked away with $2,000 in prize money and $4,800 in seed money to set up stalls at River Hongbao 2019, which will have a total of 26 food and retail stalls. The team will be given stalls to sell their products at the Chinese New Year event, held at The Float@Marina Bay from 3 to 10 February.
The team test-bedded their idea (self-made terrarium) at RP Pushcart Competition held during our Entrepreneurship Week in November 2018. They decided to take their business further by participating in the River Hongbao competition, where they were eventually named as 1 of the 3 winning teams. The other 2 winning teams (in no order of merit) were from Nanyang Technological University and Singapore Polytechnic.
Our ESC team is currently helping to mentor Samuel as he takes his business out of the captured audience in RP to a national level at Float@Marina Bay.
Do pay them a visit if you happened to there.
This story was also covered by The Straits Times (Click Here) as well as CH 8 News Tonight 晚间新闻 - Fri 4 Jan 2019 (Watch 19:42 to 20:15)