ORANGE kicked off proceedings with their well-researched introduction on the personalised healthcare industry. Sting then "sailed" us into a different direction with their presentation on port security. After a short break, The Bagels introduced us to the fourth R - the recycling innovation industry, and FOUR excited us with their plan to entice, establish and expand the medical informatics industry in Singapore. iFve then closed out the session with their passionate presentation on the green design industry! (note: you can view the summarised proposals of the teams on their respective team pages)
The Judges - Jonathan, Wee Khiang, Alvin, Wen Tung and Angeline
ORANGE highlighting important points in their presentation ot the judges
Sting answering some tough questions from the judges
The Bagels clarifying their industry
FOUR making their case for material informatics
iFve with their presentation on green design
The sessions went into overtime because everyone was clamouring to ask the teams questions! The judges were so impressed with all the ideas and took a long time to deliberate! But after almost four hours, the winner of the inagural EDB AMOEBA CHALLENGE was (finally) announced! The winning team is...drum roll please.........
Alvin annoucing the winning team...
STING!
Sting reeling in shock when their team name was announced
Sting receiving their certificates from the judges
Sting took the top prize of $4000 with their idea on developing port securities in Singapore! The other teams impressed with their innovative and creative ideas as well and the judges commented that they would take the recommendations of the teams seriously and might even get the real EDB Amoeba Teams to further research on some of them! All the participants went home with vouchers and certificates in appreciation of their hard work over the past 3 days.
Linan has been asked by Janelle to add something funny to the end of this blog post. Well he shall try to sound intellectual just one last time. Let's look for hidden benefits. Alvin was definitely not joking when he said everyone are winners. If these 3 days were simply a roulette game of choosing winners, we regret to say that your only takeaway will be the 4000 dollars. But the knowledge you gained, the friends you made and perhaps the fat gained from all the awesome food. The external benefits beyond the 4000 dollars gained far outweighs anything you would have earned. Linan is very cynical of management programs. He believes that this course is, at least, on par with the course that many CEOs paid 6 figure sums for. You did that, with foosball, food and awesome people. What more can you ask for?
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Final blogpost from sting
These three days have been such a roller coaster ride. At the end of the first day we thought we were quite screwed, having no usable idea. It took us the most of the second day to substantiate our idea, and we only became surer of it in the afternoon of the second day. It has been a mad rush, but an immensely enjoyable one.
Some final takeaways
1. Singapore lacks an intrinsic comparative advantage in most areas; the comparative advantage has to be created by a well-manicured economic landscape, and policy efforts. The visible hand must remain ahead of the curve, and guide the invisible hand
2. Targeting future development in an industry is, like any other investment, a necessarily risky venture. It is necessary to be in tune with the heartbeat of global changes to understand the risk such that it is calculated risk, not uncertainty. Yet, it may still be a gamble.
3. Singapore's brandname and reputation remains valuable, in fact, it can be one of our greatest assets.
4. It's too easy to own-goal at the table football machine =D
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