iKhiến 2023 Finals: Negotiations with FPT’s Innovation Leaders

The iKhiến 2023 competition’s final round, known as “Shark Tank – iKhiến bạc tỷ,” will feature special investment pitches from four competing teams on December 26.

At 5:00 PM on December 26, the iKhiến 2023 final round will officially take place with the title “Shark Tank – iKhiến bạc tỷ” at Hall A, FPT Tower (Hanoi). The four innovative projects are divided into two groups, competing by persuading the Sharks to secure investments for further development.

In Group A, FPT IS will present their project FPT.IDCheck, and MaaZ BSW & MaaZ Studio, affiliated with FPT Software, will compete. In Group B, the Software team will showcase the PEAR – Personal Enhancement ARea project against the Retail team’s Long Châu Delivery System.

Each team can have a maximum of four members, ensuring sufficient personnel responsible for technology and finance. The two teams will draw lots to determine the order of direct competition on stage. In their presentations, the teams will use slides, videos, or any form to emphasize the advantages of their projects. Additionally, the demo products need to be presented directly on stage to demonstrate the effectiveness of the innovations.

The teams will go through three competition rounds. Specifically, the Demonstration round will take place for 10 minutes per team, the Debate round for 5 minutes per team, and the Negotiation round for 10 minutes per team. The total duration for each group is 50 minutes.

In the Demonstration round, for Group A – Regarding commercialized products and services, the two teams must introduce and demonstrate the highlights of their products, including business efficiency and market analysis. Additionally, the author team must present a business plan (expansion development) and the amount of investment needed for future development.

For Group B – Regarding processes and working tools, the author team must introduce and demonstrate the highlights and special features of the tool or system, highlighting the achieved results or future prospects of the project. Besides, the team must indicate the resources needed for investment to achieve better results in the future.

In the Debate round, the two teams on stage ask questions to each other for 2 minutes. The goal is to clarify the weaknesses of the opponent. The remaining team has 3 minutes to answer. Questions are continuously asked, and after 5 seconds at the end of the question, if the team does not ask more questions, it is considered to have stopped asking questions. If the questioning team does not use the entire 2 minutes, the remaining time will be added to the time for the answering team.

For the Negotiation round, the judging panel asks questions for each team within 10 minutes. The teams answer the questions and persuade the judging panel to invest in their product.

The iKhiến 2023 Finals – “Shark Tank – iKhiến bạc tỷ” will take place from 5:00 PM to 7:00 PM on December 26 at Hall A, 1st floor of the FPT Tower (Hanoi), promising explosive moments between FPT’s innovators and the “sharks.”