Announcement of Finalists

We are pleased to announce that the first round of judging has finished and 10 finalists have been short-listed as below:

Division A - (Postsecondary level or equivalent):

Name of VE Name of School
ExSpeed Logistics VE IVE (Tsing Yi)
Insight Newspaper VE IVE (Tsing Yi)
Lynch Corporate Service Consultancy Ltd. VE IVE (Tsing Yi)
Metro Bus VE IVE (Tsing Yi)
Miracle VE IVE (Kwun Tong)

Division B - (Secondary level and Commercial College):

Name of VE Name of School
Creative Ad-Maker VE Yan Chai Hospital Tung Chi Ying Memorial Secondary School
Elegant Public Relations VE Sacred Heart Canossian College of Commerce
Healthland VE Sacred Heart Canossian College of Commerce
Line Up Ltd. Co. VE HKSKH Bishop Hall Secondary School
Magic Toys VE TWGHs Kwok Yat Wai College

Winners of the Best Business Plan, the Best Website and the Best Company Brochure have also been selected. Please see below for the full list of winners:

Division A - (Postsecondary level or equivalent):

The Best Business Plan
ExSpeed Logistics VE IVE (Tsing Yi)
The Best Website
Insight Newspaper VE IVE (Tsing Yi)
Metro Bus VE IVE (Tsing Yi)
The Best Company Brochure
ExSpeed Logistics VE IVE (Tsing Yi)
Metro Bus VE IVE (Tsing Yi)

Division B - (Secondary level and Commercial College):

The Best Business Plan
Line Up Ltd. Co. VE HKSKH Bishop Hall Secondary School
Magic Toys VE TWGHs Kwok Yat Wai College
The Best Website
Healthland VE Sacred Heart Canossian College of Commerce
The Best Company Brochure
Creative Ad-Maker VE Yan Chai Hospital Tung Chi Ying Memorial Secondary School
Magic Toys VE TWGHs Kwok Yat Wai College

Congratulations to all finalists and winners. We would also like to thank all participating teams for the support.

Details of the Presentation Day

The following are some notes on the arrangement of the Presentation Day for the Hong Kong Network of Virtual Enterprises Competition 2003, to be held on 10th May 2003 (Sat) and 24th May 2003 respectively.

Date: (Division A) 10th May 2003 (Sat)
(Division B) 24th May 2003 (Sat)
Time: 9:00 a.m. ¡V 12:00 p.m.
Venue: Room 261,
IVE (Morrison Hill),
6 Oi Kwan Road, Wanchai, Hong Kong

1. Presentation Schedule:

Division A: 10th May 2003 (Sat)

Time Name of VE and School
9:00 am ¡V 9:20 am ExSpeed Logistics VE - IVE (Tsing Yi)
9:30 am ¡V 9:50 am Insight Newspaper VE - IVE (Tsing Yi)
10:00 am ¡V 10:20 am Lynch Corporate Service Consultancy Ltd. VE - IVE (Tsing Yi)
10:30 am ¡V 10:50 am Metro Bus VE - IVE (Tsing Yi)
11:00 am ¡V 11:20 am Miracle VE - IVE (Kwun Tong)

Division B: 24th May 2003 (Sat)

Time Name of VE and School
9:00 am ¡V 9:20 am Creative Ad-Maker VE - Yan Chai Hospital Tung Chi Ying Memorial Secondary School
9:30 am ¡V 9:50 am Elegant Public Relations VE - Sacred Heart Canossian College of Commerce
10:00 am ¡V 10:20 am Healthland VE - Sacred Heart Canossian College of Commerce
10:30 am ¡V 10:50 am Line Up Ltd. Co. VE - HKSKH Bishop Hall Secondary School
11:00 am ¡V 11:20 am Magic Toys VE - TWGHs Kwok Yat Wai College

2. Presentation Format:

Each team will be given 20 minutes with time allocation as follow:

Component Description Duration
Oral Presentation Present business plan with maximum 15 PowerPoint slides 10 mins
Question & Answer Session Answer questions raised by the Panel of Judges
10 mins

3. Language:

Use either Chinese or English in the presentation.

4. Equipment Available:

A notebook computer with MS Office installed will be available for the finalists. However, Internet service will NOT be accessible. You are advised to save the PowerPoint slides in a CD-R or a diskette.

5. Arrival Time:

Finalists should arrive the venue 15 minutes prior to the scheduled time of your presentation. You will be given 5 minutes for setting up before the presentation starts.

6. Audience:

Your facilitators are welcome to sit in as audience for your presentation.

7. Assessment Weightings:

Business Plan - 50%
Oral Presentation - 50%

8. Assessment Criteria:

9. Announcement of Results:

Finalists can leave after presentation. Results will be announced on our website within two weeks after the Presentation Day. Winners will be notified in person.

10. Enquiry Hotline:

2835-4880 or 2835-4882


Postponement of Presentation Day

Due to the recent SARS outbreak, the suspension of classes and the subsequent arrangement of make-up classes, HKNVE will postpone the Presentation Day for the Hong Kong Network of Virtual Enterprises Competition 2003 to a later date. Details will be announced on our website as soon as possible.

The list of finalists will be announced on our website in late April or early May. Finalists will also be notified in person. Please visit our website regularly to keep you updated on the latest information.


24 Entries for the Hong Kong Network of Virtual Enterprises Competition 2003

Thank you for your continued support to the Hong Kong Network of Virtual Enterprises Competition 2003. We have received a total of 24 entries, 15 are from Division A (Postsecondary level or equivalent) and 9 from Division B (Secondary level and Commercial College).

This year, the entries are of very high quality. We believe that the competition will be very keen. The first round of judging has started on 2 April 2003. We are honoured to have Mr. Alfred Koo, Deputy Head, Teaching and Learning Development, Teaching and Learning Centre of the Vocational Training Council, assess all the entries and select 5 finalists from each Division. Results will be announced on our website in mid-April and finalists will be notified in person.

The 10 finalists will be participating in the Presentation Day, to be held on 26 April 2003 (Sat) at the Hong Kong Institute of Vocational Education (Morrison Hill). It is our great honour to have invited the following judges, who will be assessing finalists' presentation and business plans on the Presentation Day.

The Panel of Judges is composed of the following members:

  Name Title
Panel Chairperson Mrs. Agnes MAK Chairperson
IT in Education Committee
Hong Kong Computer Society
Panel Member Mr. Peter LEE Director
Rotary Club of Hong Kong
Panel Member Mrs. Josephine CHOW Director of Operations & Systems
Chow Sang Sang Holdings International Limited
Panel Member Mr. Andrew WU Deputy Chairman
HKSA Community Services Committee
Panel Member Mr. James KONG Co-Convenor
Free Advisory Services Working Group
HKSA Community Services Committee

In order to keep yourselves updated about the Competition, please visit our website regularly. Wish you good luck in the Competition.


Deadline of VE Competition 2003

Dear VE Members/Facilitators,

SUBMISSION DEADLINE

Further to the announcement of the Education and Manpower Bureau yesterday on the suspension of classes from Saturday, 29 March to Sunday, 6 April, we have received enquiries with regard to the deadline of the Hong Kong Network of Virtual Enterprises Competition 2003.

Please note that the deadline for submission of work by participating VEs remains unchanged on 31 March 2003 (Mon) before 5:30pm, so as to provide sufficient time for judging. However, if you have difficulties meeting the deadline, HKNVE will also accept late submissions. But please enclose a short note explaining the reason of the delay.

SUBMISSION OF WORK BY EMAIL

Alternatively, the students can also submit their work by emailing the Business Plan, Company Brochure and Website (with website address) to HKNVE (email address: info@hknve.org)

In case of any problems, please contact Chris Sung by email (email address: bsmchris@vtc.edu.hk) for advice.

Regards,
Central Office
Hong Kong Network of Virtual Enterprises (HKNVE)


28 VEs enrolled in the Hong Kong Network of Virtual Enterprises Competition 2003

We are pleased to announce that 28 VEs have enrolled and will take part in the Hong Kong Network of Virtual Enterprises Competition this year. Thank you very much for your active participation and support.

Among the 28 teams that have enrolled, 19 are from Division A (Postsecondary level or equivalent) and 9 from Division B (Secondary level and Commercial College). The following tables list details of all participants:

Division A (Postsecondary level or equivalent):

Team Name of Virtual Enterprise Name of School
1 Airate Worldwide Logistics VE IVE (Tsing Yi)
2 DINO Fashion VE IVE (Tsing Yi)
3 ExSpeed Logistics VE IVE (Tsing Yi)
4 FlexibEx Freight Forwarding VE IVE (Tsing Yi)
5 Insight Newspaper VE IVE (Tsing Yi)
6 Lynch Corporate Service Consultancy Ltd. VE IVE (Tsing Yi)
7 Poseidon Shipping VE IVE (Tsing Yi)
8 Sonic Printing VE IVE (Tsing Yi)
9 Eternity Studio VE IVE (Tuen Mun)
10 Metro Bus VE IVE (Tsing Yi)
11 Circle Pie VE IVE (Morrison Hill)
12 Worldwide Logistics VE IVE (Tuen Mun)
13 Model City VE IVE (Shatin)
14 Faciy Beauty Parlor VE IVE (Shatin)
15 Amazing Trading Company VE IVE (Shatin)
16 YR2 Computer Store VE IVE (Shatin)
17 Miracle VE IVE (Kwun Tong)
18 Mony VE IVE (Tuen Mun)
19 I-house VE IVE (Tsing Yi)

Division B (Secondary level and Commercial College):

Team Name of Virtual Enterprise Name of School
1 Creative Ad-Maker VE Yan Chai Hospital Tung Chi Ying Memorial Secondary School
2 Magic Toys VE TWGHs Kwok Yat Wai College
3 Cafe de Fenetre VE St. Paul's School
4 Beauti Ladies VE Sacred Heart Canossian College of Commerce
5 Healthy Workshop VE Fung Kai No.1 Secondary School
6 Line Up Ltd. Co. VE HKSKH Bishop Hall Secondary School
7 S & D VE Fukien Secondary School (Siu Sai Wan)
8 Healthland VE Sacred Heart Canossian College of Commerce
9 Elegant Public Relations VE Sacred Heart Canossian College of Commerce

Reminders to participating teams:

Please note the IMPORTANT points listed below:

1. You should submit the following three items, together with the completed Submission Form, for the Competition:

Component Description Weighting
Business Plan Not more than 15 pages including company mission, business objectives, market analysis, competition analysis, market positioning, competitive advantage, products or services, organization structure, advertising, promotion plan, financial plan and etc. 50%
Website(saved in a CD-Rom) Not less than 15 pages 30%
Company Brochure One A4-sized brochure (one or both sizes) introducing company background, range of products/scope of services and etc. 20%

2. All your work must be submitted to the HKNVE at the following address on or before 31 March 2003 (Mon) before 5:30pm.

HKNVE Central Office
Department of Business Services and Management
IVE (Morrison Hill)
Room 023
6 Oi Kwan Road, Wanchai

3. List of finalists (5 in each Division) will be announced in mid-April. Finalists will be notified in person. Finalists will be required to give an Oral Presentation on 26 April 2003 (Sat) at the Hong Kong Institute of Vocational Education (Morrison Hill).

4. Please browse the HKNVE website at www.hknve.org regularly to keep yourselves informed of the latest news about the Competition.

5. For any enquiries, please contact HKNVE at 2835-4880/2835-4882.


The Hong Kong Network of Virtual Enterprises Competition 2003

Enrollment Form Submission Form Reminder

Objective:
Following the success of the Competition in 2002, the Hong Kong Network of Virtual Enterprises (HKNVE) will conduct a competition for the virtual enterprises registered with the Network in the spring of 2003.

The competition comprises FOUR components:

Business Plan not more than 15 pages including company mission, business objectives, market analysis, competition analysis, market positioning, competitive advantage, products or services, organization structure, advertising and promotion plan, financial plan, etc.
Website not less than 15 pages;
Company Brochure one A4-size brochure (on one or both sides) introducing company background, range of products/scope of services and etc;
Oral Presentation Short-listed finalists will be required to do a 20-minute Oral Presentation on the Business Plan using PowerPoint (15 minutes presentation with maximum 15 PowerPoint slides, and 5 minutes for answering questions raised by the Panel of Judges)

Participating VEs may enroll in one of the following divisions:

Division A Postsecondary level or equivalent
Division B Secondary level and Commercial College

Judging Criteria:
Each participating team must make the following THREE submissions. All submitted work should be in either English or Chinese.

Component Weighting Criteria
Business Plan 50%
  1. Feasibility
  2. Demonstration of business concepts
  3. Clarity of writing
    • Good command of English or Chinese
    • Concise and precise- Fluency of language
    • Right choice of words
    • Appropriate tone of expressing ideas
Website 30%
  1. Content
  2. Navigation
  3. Visual design
  4. Functionality
  5. Interactivity
  6. User-friendliness
Company Brochure 20%
  1. Demonstration of business concepts
  2. Visual design
  3. Clarity and expressiveness in communication

Oral Presentation:
Five finalists in each Division, with highest score gained in the first round of judging, will be short-listed. Finalists will be required to present their business plans to the Panel of Judges on the Presentation Day to be held in April 2003. Assessment will be based on the following criteria:

1. Content
2. Ability to explain and justify points raised in business plan
3. Ability to answer questions raised by the Panel of Judges
4. Presentation skills
5. Use of language

Eligibility for Entry:
This competition is open to all Virtual Enterprises that have registered with the Hong Kong Network of Virtual Enterprises (HKNVE) on or before 30 January 2003.

Panel of Judges:
The Panel of Judges will comprise business and teaching professionals, to be announced at a later date.

Sponsored by:
The Rotary Club of Hong Kong
- $30,000 Travel Scholarship to the Overall Champion Team of each Division for participation in an overseas international VE trade fair in June/July 2003. Three or four members of the Overall Champion team of each division will be selected by their VE facilitators to represent their VEs in the overseas trade fair. The use of the travel scholarship of $30,000 for each division is solely for the overseas trade fair and cannot be used to pay for any other expenses;
The Hong Kong Trade Development Council ¡V all trophies for winners in the two Divisions


Awards:
Each Division will have six awards as follows:

Overall Champion
Overall First Runner-up
Overall Second Runner-up
The Best Business Plan
The Best Website
The Best Company Brochure

The Best Business Plan, the Best Website and the Best Company Brochure will be awarded in the first round of judging. Overall Champion, Overall First Runner-up and Overall Second Runner-up will be awarded in the second round of judging. Selection of the overall winners in the second round will be based on the written business plan and performance in the oral presentation. Details to be announced in due course.

Certificate of Recognition:
Each team member of the VEs that have participated in the Competition will be given a Certificate of Recognition.


How to enroll:
Please submit your enrollment form by fax to 2835-7424 or by email to: info@hknve.org


Important Dates:

Enrollment: On or before 17 March 2003 (Mon)

Submission of:

  1. Business Plan
  2. Website
    (saved in a CD-Rom)
  3. Company Brochure
On or before 31 March 2003 (Mon)
Place of Submission: HKNVE Central OfficeDepartment of Business Services and ManagementIVE (Morrison Hill)Room 0236 Oi Kwan Road, Wanchai
Oral Presentation:

Date: 26 April 2003 (Sat)
Time: 9:00am ¡V 1:00pm
Venue: IVE (Morrison Hill) 6 Oi Kwan Road, Wanchai

Enquiries:

Miss Vivien Kam

  • Tel: 2835-4880
  • Fax: 2835-7424
  • E-mail: wykam@vtc.edu.hk

Miss Susan Choy

  • Tel: 2835-4882
  • Fax: 2835-7424
  • E-mail: sschoy@vtc.edu.hk

Important Notice

1

The Participants agree to comply with the rules of the competition which may be amended from time to time if need arises.

2 The interpretation of the rules rests with the HKNVE.
3 The HKNVE maintains the right at any time to publicize, duplicate, or otherwise make use of the submissions offered by participants in any media and for any purpose.
4 The HKNVE reserves the right to make any changes to the rules, prizes or all other arrangements without prior notice.
5 All submitted works of the participating teams belong to the HKNVE. All submissions will NOT be returned for any reason.
6 The judges' decision is final.

Reminder

Dear VE Facilitators and Students,

The enrollment details for the Hong Kong Network of Virtual Enterprises Competition 2003 have been sent to the VE facilitators earlier. We are glad to have received some enrollment forms from you.

For those VEs that have not yet submitted their enrollment forms,

Enroll NOW and win a $30,000 Travel Scholarship!!

Following are some suggestions and reminders to the VEs on the Competition:

Business Plan (50% of total weighting)

Try to include all the elements that you deem important to the successful running of a business, e.g. mission, objectives, A&P plan etc. Don¡¦t forget to include your Financial Plan. And please pay attention to the 15 pages limit.

Website (30%)

Here the condition is not less than 15 pages.

But please remember: it is QUALITY, not just quantity, which counts.

Company Brochure (20%)

You can opt for using one or both sides of the ONE A4-size brochure to introduce and promote your company, products/services etc.

Looking forward to your active participation in the event,

Yours sincerely,

HKNVE Central Office