March 24, 2018. Shanghai – An app that allows China’s fast-growing urban elderly — and tech savvy — population to find and join social activities won first prize at the INNOVATEChina 2018 global business plan competition which was held today at the Shanghai Campus. The Yale School of Management team picked up the US$10,000 winner’s cheque for their Silver Hour app after a day of intense competition between finalist teams from the Indian Institute of Management Ahmedabad, IE Business School, Nanyang Business School, ESADE Business School and CEIBS. The CEIBS team was awarded second prize for their app that helps parents in China find the right extracurricular activities for their children by connecting them to freelance teachers. Third prize went to the team from ESADE for their waste management education app.
Established in 2008, INNOVATEChina is one of the flagship annual events organized by CEIBS MBA students. A platform for discovering tomorrow’s innovators, it brings together MBA students from the world’s top business schools to test their skills in a challenging business plan competition.
CEIBS Vice President and Co-Dean Prof. Zhang Weijiong introduced the theme of this year’s competition, (Re)Inventing Entrepreneurship, in his welcome address. “Entrepreneurship and innovation are key drivers of the Chinese economy,” he said. “I thank our partners Santander, McKinsey & Company and MoBike for helping us to bring together six teams with exciting ideas that may one day change the world in the areas of fintech, education and life services.”