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Competition Rules

Announcements

Please read the following Young Entrepreneur X Factor competition rules and the Term and Conditions carefully prior to participation or entry. 

This year, Young Entrepreneur X Factor will be held on the 19th & 20th October 2024.

The competition is conducted in English. Contestants are required to have at least an intermediate to fluent level of proficiency in the English language.

The competition and its related activities will be held at Dwi Emas International School, Shah Alam, Malaysia. The competition will be hybrid which is physical for the local participants and virtual for international participants.

REGISTRATION INFORMATION

  1. The registration deadline for the Young Entrepreneur X Factor is 29th September 2024, 11:59PM.
  2. No entry/participation fee is charged.
  3. You may join as an individual or in a group maximum of 3 people (All members who are participating as a group are required to register using the same business information)

EGGHATCH BOOTCAMP

  1. We will provide the participants with an 8-hour boot camp and complimentary coaching sessions to assist them with their ideas and pitch deck before the competition day. This is compulsory for all the registered participants. This Egghatch Bootcamp is free to all the registered participants.
  2. 5th October 2024 | 9:00AM to 4:00PM
    • Idea Brainstorming Workshop | Participants without business idea
    • Business Model Canvas Workshop | Participants with business idea
  3. 12th October 2024 | 9:00AM to 4:00PM
    • Coaching with the Pitch Deck | All participants

COMPETITION FORMAT

  1. Video Submission Deadline [29th September 2024, 11:59PM]:
    1. All participants wishing to enter Young Entrepreneur X Factor must post a short video at least 90 seconds long and a maximum of 180 seconds about them and the business. The organizer committee will provide the details once the participants have filled the registration form.
    2. The deadline for entry is 29th September 2024, 11:59PM
    3. Pitch Deck Deadline [29th September 2024]
      The participants are required to submit the pitch deck before 29th September 2024, 11:59PM for the committee to check before the coaching session. Participants are required to submit the final slides on 16th October 2024, 11:59PM.
  2. Grand Finals [20th October 2024]:
    1. There are two stages in the Grand Finals.
    2. The stages are: 
      1. Preliminary Rounds [19th October 2024 | Morning]
      2. Finals [20th October 2024 | Morning]
    3. It is compulsory for shortlisted participants to be present during the Pitching Sessions (Preliminary rounds and Grand Finals). If a participant is not present during the Pitching Session, no one else is permitted to present on their behalf.
    4. Top 15 Finalist for Grand Finals will be announced in the morning at Dwi Emas International School

PITCHING FORMAT (Preliminary Round)

  1. Juniors Category (8 to 10 years old)
    • Participants in this category will have a maximum of 5 minutes to pitch their business. Following the pitch, there is a 7-minute Q&A session with the judges. For a group presentation, there is no limit for the number of presenters, as long as it does not exceed the time limit.
  2. Teens Category (11 to 13 years old)
    • Participants in this category will have a maximum of 5 minutes to pitch their business. Following the pitch, there is a 7-minute Q&A session with the judges. For a group presentation, there is no limit for the number of presenters, as long as it does not exceed the time limit.
  3. Tweens Category (14 to 17 years old)
    • Participants in this category will have a maximum of 5 minutes to pitch their business. Following the pitch, there is a 7-minute Q&A session with the judges. For a group presentation, there is no limit for the number of presenters, as long as it does not exceed the time limit.
 
  • Participants are required to submit a Presentation Deck for the competition.
  • Participants can submit the Presentation Deck via Google Form link given by the committee later.
  • The Presentation Deck must be submitted to the Organiser in PowerPoint format by 16th October 2024. Canva and PDF formats are not acceptable as we need to ensure smooth process during the presentation.
  • During the competition, participants are encouraged to present using a product prototype or a demo.
  • Participants are encouraged not to use embedded videos in the presentation slides. We prefer to listen to you speak live to the panel of judges.
 

PITCHING FORMAT (Grand Finals)

  1. Juniors Category (8 to 10 years old)
    • Participants in this category will have a maximum of 3 minutes to pitch their business. Following the pitch, there is a 7-minute Q&A session with the judges. For a group presentation, there is no limit for the number of presenters, as long as it does not exceed the time limit.
  2. Teens Category (11 to 13 years old)
    • Participants in this category will have a maximum of 3 minutes to pitch their business. Following the pitch, there is a 7-minute Q&A session with the judges. For a group presentation, there is no limit for the number of presenters, as long as it does not exceed the time limit
  3. Tweens Category (14 to 17 years old)Participants in this category will have a maximum of 3 minutes to pitch their business. Following the pitch, there is a 7-minute Q&A session with the judges. For a group presentation, there is no limit for the number of presenters, as long as it does not exceed the time limit.
 
  • Participants are required to submit a Presentation Deck for the competition.
  • Participants can submit the Presentation Deck via Google Form link given by the committee later.
  • The Presentation Deck must be submitted to the Organiser in PowerPoint format by 16th October 2024. Canva and PDF formats are not acceptable as we need to ensure smooth process during the presentation.
  • During the competition, participants are encouraged to present using a product prototype or a demo.
  • Participants are encouraged not to use embedded videos in the presentation slides. We prefer to listen to you speak live to the panel of judges.
 

JUDGING CRITERIA

Judges will score participants based on the following criteria:

THE X FACTOR

  • Are you confident of your creative or innovative idea?
  • Are you able to keep the level of energy and excitement up?
  • Did the judges enjoy the interaction with you?
  • Did the judges want to keep listening?
  • What’s the engagement level you have with others?
  • Do you demonstrate willingness to learn and desire to excel?
  • How likely are the judges to introduce you to pitch to other people?  
 

SELECTION OF FINALISTS

  • Preliminary Round Judges will select the finalist for the three categories based on the scores awarded according to the competition criteria.
  • The shout out video is counted as part of the scoring.
  • All decisions are final, and there is no right of appeal.
 

SELECTION OF WINNERS

  • The Judges will use the same judging criteria as described earlier.
  • All decisions are final, and there is no right of appeal.
 

IDEA & VIABILITY

  • Who and what are the obstacles you face?
  • Who are the people you are trying to help?
  • Why would people want to use your product or service?
  • What makes your idea unique compared to others and what you can find?
  • Are people willing to pay for the product or service?
  • What might be the positive impact your product will generate?​
  • Is the idea investment ready? How will you use the funding if successful?
 

SELECTION OF FINALISTS

  • Preliminary Round Judges will select the finalist for the three categories based on the scores awarded according to the competition criteria.
  • The shout out video is counted as part of the scoring.
  • All decisions are final, and there is no right of appeal.
 

SELECTION OF WINNERS

  • The Judges will use the same judging criteria as described earlier.
  • All decisions are final, and there is no right of appeal.

PITCH PRESENCE

  • How do you carry yourself in front of the judges and competitors?
  • Do you grab the audience’s attention?
  • Is your idea clearly presented?
  • Do you storify your idea within the time limit?
 

SELECTION OF FINALISTS

  • Preliminary Round Judges will select the finalist for the three categories based on the scores awarded according to the competition criteria.
  • The shout out video is counted as part of the scoring.
  • All decisions are final, and there is no right of appeal.
 

SELECTION OF WINNERS

  • The Judges will use the same judging criteria as described earlier.
  • All decisions are final, and there is no right of appeal.

TERMS AND CONDITIONS

  • By entering the competition, participants agree to abide by the Competition Terms and conditions and the decisions of the Organiser and judges, which are final and binding in all respects.

  • By entering the competition, participants represent, acknowledge, and warrant that the submitted video is an original work created solely by the participant, and that the creative, business or product idea does not infringe on the copyrights, trademarks, moral rights, rights of privacy/publicity or intellectual property rights of any person or entity, and that no other part has any right, title, claim, or interest in the work.

  • By entering the competition, participants represent and warrant that the entry does not and will not defame or otherwise violate the rights of any third party and does not and will not violate any laws and ordinances. The Organiser reserves the right in its sole discretion to disqualify any entry that it believes does not comply with the Competition Terms and Conditions, or that is not consistent with the spirit and theme of the competition.

  • Participation in this competition constitutes each participant consents to the Organiser’s use of participant’s name, photographs, video recording, likeness and geographical data for advertising and promotional purposes in any media without further notice, right of review, approval or compensation except where prohibited by law.

  • Participants assume all liability for any injury or damage caused, or claimed to be caused, by participation in this competition and related activities, use, misuse or redemption of any prize. The Organiser is not responsible for and participants hereby release them from any claims arising from any accidents, injuries, damage or loss that might occur during participation in any part of the Competition and its related activities.

  • The ACE EdVenture Group and the Circle of Excellence Group may use your personal information for analysis and to send marketing communications and keep you up to date with its products and promotions. You may unsubscribe from receiving such marketing communications at any time by following the instructions in our marketing communications. Data collected will not be sold nor shared with any unaffiliated third parties without your explicit consent.​​​​The Organiser reserves the right to interpret, alter or modify the terms and conditions if necessary or expedient without prior notice at any time.​