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Friday, 09 November 2018 12:16

UGM Students Won Eco-Friendly Business Design Competition in Seoul

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Gadjah Mada University –UGM students won “Greenpreneur Competition 2018” organized by Global Green Growth Institute (GGGI) in Seoul, South Korea from October 29-November 2, 2018. The five students managed to get a funding prize worth US$ 5,000 dollars after presenting their eco-friendly business design to GGGI officials. Besides the Indonesian team, other teams that won were from Uganda, Cambodia and Morocco. Afterwards, the team representatives were invited to Korea to present their business ideas before GGGI officials. Yohanes Susanto, one of the team members said that of the total participants registering, 10 finalists were selected, and 4 of them were invited to do business presentations in Seoul.In this competition, the UGM team designed the business of producing organic pesticides. The business plan was prepared by Yohanes along with Jonathan Kent Sorensen, Muhammad Hafish Mahdi, Albertus Alphero Tangkilisan, Natali Gupita Abhirama, and supervisor Wiratni Budhijanto. They brougth a business plan about the production of organic pesticides that are more rain-resistant than ordinary pesticides. The raw material for pestisidan is taken from distillates which are no longer used. Besides obtaining a small amount of business capital, in this competition the participants were also given the opportunity to learn various strategies to develop their business through mentoring activities from experts who had been selected by GGGI.This Eco-Friendly Business Design Competition is a bit different because there is 10 weeks of mentoring. This GGGI mentoring provides knowledge on how to market and start a business. Every week, there are also assignments that must be collected. These assignments are in the form of market surveys, financial planning, and analysis of social and economic impacts. Prepared with the knowledge and capital of this competition, the students will then prepare various steps to start and develop their business that can provide economic benefits while providing a positive impact on environmental sustainability.

Read 1534 times Last modified on Saturday, 10 November 2018 09:31