Alliance Bank EcoBiz Challenge 4 offers RM10,000 for best green social business idea

Alliance Bank Malaysia Berhad (Alliance Bank), in collaboration with the Malaysian Green Technology and Climate Change Centre (MGTC), on Monday launched its fourth season of the EcoBiz Challenge with the theme of ‘Inspiring Malaysia to be a Zero-Waste Nation’.

This year’s EcoBiz Challenge 4 will integrate MGTC’s 20-week comprehensive learning programme, Jana Graduan Usahawan Hijau (JaGUH).

Students will also receive guidance and mentoring from industry leaders and sustainability mentors in social business model development, green technology and innovation, digital social commerce and mindset and soft personal skills.

During the virtual launch of EcoBiz Challenge 4, Joel Kornreich, Group Chief Executive Officer of Alliance Bank said, The EcoBiz Challenge is important because it helps them identify and nurture high-potential young social entrepreneurs to develop sustainable solutions for Malaysia.

“Over the last three seasons, we have seen how the EcoBiz Challenge has inspired Malaysian youths to innovate and improve the lives of our communities.

“We look forward to more innovative ideas from our youths on tackling this year’s theme of waste management,” he said in a statement.

This five-month learning programme is open to all tertiary students enrolled in a college or university in Malaysia. Applications commence from 27 September 2021 until 23 October 2021.

Applicants will be progressively shortlisted. Only the 10 best teams will be selected to undergo the 20-week training and coaching using the JaGUH syllabus.

At the end of the training, these finalists will have the opportunity to pitch their projects to the judges. The winning team will walk away with RM10,000 cash, while the first and second runners-up will take home RM5,000 and RM3,000, respectively. Seven other teams will receive RM1,500 each.




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