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DU IBA students bag HSBC award in HK

Thursday, 23 June 2011


FE Report
A team of students from the University of Dhaka has won the regional Diamond Award at the HSBC Young Entrepreneur Awards 2011. The regional finale took place in Hong Kong recently. The Bangladesh team bagged the prestigious Diamond Award as well as a prize money of HKD40,000 for its 'CocoCrete' project, which aims to supply high-strength, ready-mixed concrete using coir fibres from discarded coconut husks as reinforcement to make buildings more resistant to earthquakes. The team consisted of Upoma Dutta, Shehreen Kamal and Nusrat Sharmin Moutusi - all students of IBA, University of Dhaka. An innovative business plan to produce eco-friendly food packaging won three students from the Philippines the regional Platinum Award while the Jade Award went to the team from Thailand for its 'Heart & Sole's Convertible Heels' project. The HSBC Young Entrepreneur Awards programme encourages undergraduate students to develop innovative and commercially viable business plans. Since its launch in in 2000, the programme has expanded its footprint to Hong Kong, Bangladesh, Brunei, Malaysia, the Philippines, Shanghai and Thailand. This year, more than 2,300 full-time university students from seven Asian countries and territories formed 885 teams to take part in local competitions. The 3 best teams from each country gathered in Hong Kong and took part in the entrepreneurial study tour while the Best team from each country contested in the regional finale adjudicated by a panel of distinguished judges.