True Group has joined hands with Chulalongkorn University and CNBC (Asia Pacific) to launch the first “True Innovations Awards 2010.” Under the theme of “Combining Ideas of the Thai People” the awards aims to seek out the very best innovative ideas from Thais, without any restrictions on age or affiliation. The awards comprise 2 categories: Idea Seed — the best ideas with outstanding plan; Inno Tree — the best innovative ideas that have already been realized, all competing for total cash prizes worth Baht 1 million. Added benefits for contest participants include extensive training with renowned innovation leaders and funding for possible commercialization. This is an ideal opportunity for Thai innovators to show their full potential and subsequently compete on an international level. For more details visit www.trueinnovationawards.com or call 02-699-6368 until September 30, 2010.
Mr. Suphachai Chearavanont, President & CEO, True Corporation Plc, said “We recognize the importance of creating innovation to benefit and add more value to developers, organizations, and society as a whole, just as True Group has developed new innovative products and services to continuously better serve our customers. True has collaborated with the Faculty of Commerce and Accountancy from Chulalongkorn University and CNBC (Asia Pacific) to launch the first True Innovation Awards 2010 (TIA) under the theme ‘Combining Ideas of the Thai People’ to promote and support Thai thinkers, especially the new generation, to showcase a new breed creativity. Interested persons, regardless of age or affiliation, can choose to submit their creative ideas under either category: Idea Seed - to present the concept of innovation and business plan; and Inno Tree - to present an innovative piece of work that has been realized. Total prizes for the awards contest amount to Baht 1 million plus additional benefits including training with leading innovators to share ideas and skills which are important factors leading to innovations that can be applied. Moreover, there will also be opportunities to commercialize the winning innovative ideas with the support of True Group to compete on the international stage in the future.”
Professor Dr. Pirom Kamolrattanakul (M.D.), President of Chulalongkorn University, said “As an educational institution committed creating benefits for the country, we are very pleased to join with True and CNBC (Asia Pacific) to launch the True Innovation Awards 2010 in order to support innovations created by Thai people so that they can further their ideas to commercialization under a systematic approach. This project will help drive the innovation process in its entirety starting from the inception stage right through to actualization and eventual commercialization. Moreover it can also lead to benefits to our society and country. Chulalongkorn University will collaborate by training the participants so that they can develop the skills necessary for successful innovation in terms of business.”
Associate Professor Dr. Annop Tanlamai, Dean of the Faculty of Commerce and Accountancy, Chulalongkorn University said “ We are pleased that the private sector is placing importance on innovation, and we are ready to support the True Innovation Awards 2010 in order to spark creative ideas from the new generation. By doing so, we encourage them to present their innovations to society as well as leading to their actualization. The criteria for the Idea Seed category will be based on creativity, originality, and business feasibility. On the other hand, the Inno Tree category criteria will be based on creativity, implementation, commercialization, benefits and value to society, and on presentation and clarifications. The works submitted must be related to any one of the following areas: Innovative Design, Innovative Education System & Distance Learning, Green Innovation, IT & Computer Software, Robot & Electronic Devices, Telecom Innovation, and Mobile Applications.”
"CNBC has long been a supporter of innovation in Asia, recognizing the important part that it plays in the long-term success of any business or industry," "We are pleased to be the official broadcast partner for True's Innovation Award as it celebrates innovation and promotes creative excellence in Thailand." said Satpal Brainch, President and Managing Director, CNBC in Asia Pacific.
The prizes for the awards under the Inno Tree category are:
Winner (1 prize): Baht 500,000
Silver (2 prizes): Baht 100,000 each
Bronze (2 prizes): Baht 50,000 each
Consolation (5 prizes): Baht 10,000 each
The prizes for the awards under the Idea Seed category are:
Gold (1 prize): Baht 200,000
Silver (2 prizes): Baht 50,000 each
Bronze (2 prizes): Baht 20,000 each
Consolation (5 prizes): Baht 5,000 each
All winners will be entitled to many other benefits from True Group such inclusion in the New Entrepreneur Project, New Telecommunications Business Project, as well as the possibility of doing business with True Group.
Interested persons can get more information or submit their applications/projects at www.trueinnovationawards.com or call the Innovation Center at Tel 02-699-6368 from now until September 30, 2010.
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