KUALA LUMPUR, 4 October 2021 – Alliance Bank Malaysia Berhad, in collaboration with the Malaysian Green Technology and Climate Change Centre (MGTC), launched its fourth season of the EcoBiz Challenge with the theme of “Inspiring Malaysia to be a Zero-Waste Nation”.
This year’s EcoBiz Challenge 4 will integrate MGTC’s 20-week comprehensive learning programme, Jana Graduan Usahawan Hijau (JaGUH). Students will also receive guidance and mentoring from industry leaders and sustainability mentors in social business model development, green technology and innovation, digital social commerce and mindset and soft personal skills.
This five-month learning programme is open to all tertiary students enrolled in a college or university in Malaysia. Applications commence from September 27 until October 23. Applicants will be progressively shortlisted. Only the 10 best teams will be selected to undergo the 20-week training and coaching using the JaGUH syllabus.
At the end of the training, these finalists will have the opportunity to pitch their projects to the judges. The winning team will walk away with RM10,000 cash, while the first and second runners-up will take home RM5,000 and RM3,000, respectively.
Seven other teams will receive RM1,500 each. These 10 winning teams will undergo a six-month programme on growing sales, improving customer engagement, and other crucial business topics post-Challenge.
The EcoBiz Challenge promotes a culture of environmental preservation among university students through a competitive learning platform and collaboration with industries. Additionally, it aims to raise awareness of the environment among students and spur them to develop sustainable social enterprises. This will inevitably shift the mindset of students from being job seekers to job creators.
Over the years, the EcoBiz Challenge has acted as a catalyst for sustainable business ideas. Past seasons’ achievements include conserving the Kerayong River under the national River of Life initiative and tackling water management issues in paddy fields. In total, EcoBiz Challenge has reached out to over 3,600 university students in seven states, garnering close to 500 submissions.