My wife told me she is bringing her NT kids for competition.
As a business prospector, I am naturally interested.
The finalists will mass produce their prototype for sale at a venue of the organizers.
Her pupils come up with twin message in a bottle that glows and can serve as key chain.
I ask questions like: what is the targeted audiences. She reiterate her pupils reply. They went to scout the venue, there were plenty of youngsters and many of them couples,such products should be in demand. Also, there is a PRC boy who can source the materials and mass produce the product with a cost per unit for about a dollar, which they will sell for 3. Since there is no rent to be paid and labor cost, margin is good and it is easier to break even or earn a profit.
It was said that presentation is not a criteria in the scoring, rather the process and business is.
My wife was disappointed when the judge just spend less than 10 min asking questions but were wowed by another group laptop's presentation.
I said:" maybe that group has a better business idea too" she told me what she overheard from the other group, seriously, while I am not a businessman, I really see that there business concept has already boxed itself in terms of revenue ceiling.
I ask, who are the judges. Was told they were ALL LECTURERS. "Good job, never mind them. I believe your pupils will survive and prosper outside."