NTU-SBF Centre for African Studies Business Model Competition 2019

Students are invited to form teams of three (3) and to develop a business model and plan for a new business in Africa. The team can choose one of the following options:

  • Develop a business model and implementation plan for a new start-up in Africa.
  • Develop a business model and implementation plan for a new subsidiary in Africa of an existing Singaporean company.

The objectives of the competition are simple:  

  • To increase awareness of Africa as an investment destination amongst the young people of Singapore.
  • To stimulate thinking of startups in the emerging countries of the world.
  • To stimulate the entrepreneurial competencies of the young people of Singapore.


  • All undergraduate students of Singapore are invited to participate in the Africa Business Model and Business Plan Competition 2019. Teams must consist of three (3) registered students at a registered university or polytechnic in Singapore.
  • Teams are welcome to invite registered undergraduate students from other universities in Singapore to participate in their team, should they want to.


  • Do an analysis of the country in Africa and industry of choice.
  • Develop a feasibility study of the selected target market.
  • Develop a business model for the start-up by using the framework of Osterwalder & Pigneur (2010). This is available in their book, Business Model Generation. Alternatively, a shortened pdf version is also available on the web (https://strategyzer.com/books/business-model-generation).
  • Develop a business plan to bring the business model to fruition.

The groups compete for the following prizes:

  • First prize: The first prize entails a visit to an African country for the winning team, where they will visit actual startups and have meetings with networks of entrepreneurs.
    The prize will cover the following:
    Plane tickets for the team
    • Accommodation for 1 week
    • All meals for the duration of the visit
    • Daily spending allowance of S$150

  • Second prize: S$4200 for the team

  • Third prize: S$2400 for the team

Any questions can be directed to the Director of NTU-SBF Centre for African

  • Johan Burger
    • Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Event Properties

Event Date 14-Mar-2019 12:00 am
Start Date
14-Mar-2019 12:00 am
Cut off date 03-May-2019 12:00 am
Location NTU-SBF Centre for African Studies

NTU-SBF Centre for African Studies


50 Nanyang Avenue
Singapore 639798


(65) 6513 8089