Media Resouces
Youths Come Up with Winning Singapore-Inspired Business Ideas for Mapletree-SCCCI River Hongbao Hackathon 2020 – “Go Local with A Twist”
02 Jan 2020
  • Products and services which emerged winners competed at the Mapletree-SCCCI River Hongbao Hackathon - themed “Go Local with a Twist” - will be sold at the upcoming River Hongbao 2020 event.
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    SINGAPORE – In celebration of Lunar New Year, visitors to the upcoming River Hongbao 2020 (RHB) at The Float @ Marina Bay will be able to check out and buy inventive Singapore-inspired offerings from youths who won the entrepreneurship competition today.

    Hosted at Mapletree Business City, RHBHacks 2020 is a competition which entrepreneur-minded youths from various tertiary institutions gathered and contested on their business proposals to a panel of judges. Organised for the second year, each of the top three winning teams was awarded with S$2,000 prize money, S$5,000 seed money and the opportunity to set up stall at RHB. The hackathon is sponsored by Mapletree Investments Pte Ltd (“Mapletree”) and is supported by the Singapore Chinese Chamber of Commerce & Industry ("SCCCI").

    Mr Edmund Cheng, Mapletree’s Chairman said “Following a successful first run of RHBHacks last year, we are excited to continue our support and bring this entrepreneurship challenge back this year with the theme of “Go Local with a Twist”. As the hackathon is aligned with Mapletree’s Corporate Social Responsibility education pillar, we are proud to provide more students with the opportunity to pitch their ideas for a chance to run their very own stalls at River Hongbao.”

    Mr Wong Chee Herng, Group MD & CEO of Straits Construction Group and Vice Chairman of SCCCI Youth Business Affairs Committee (YBAC) remarked that the aim of SCCCI YBAC is to promote Chinese entrepreneurial spirit, culture and values through knowledge sharing, deep collaboration and innovative business opportunities. RHBHacks is a good platform for students to take the first step in their entrepreneurial journey while immersing themselves in the rich Chinese New Year culture.

    The Guest-of-Honour who graced the hackathon event at the Mapletree Business City today was Mr Chee Hong Tat, Senior Minister of State for Ministry of Trade and Industry & Ministry of Education.

    The hackathon attracted 24 business proposals submitted by teams comprising two to five members, each formed from local and private tertiary institutions, and the participating youths ranged in age from 18 to 29.

    As RHB is the result of numerous local community groups and corporations coming together to realise the large-scale riverside event, the theme of RHBHacks 2020 was “Go Local with a Twist”. The goal of the teams’ ideas is to reflect the spirit, culture or values that are symbolic of Singapore.

    The youths first attended Mapletree retail workshop on 11 November 2019, where they were mentored by a retail expert from Mapletree.

    After refining their brainstormed ideas and sending in their proposals, 9 teams were selected to take part in the hackathon today.

    Last year, the three winning teams sold special balloons with LED lights, terrariums and denim apparel with customised designs.

    The winning teams will be amongst the many stalls (including food, retail and games) set up at RHB which is running from 23 January to 30 January 2020. The team with the highest revenue earned at the end of RHB will receive another $300.

    They will contribute 70 percent of their earnings to charities of their choice, and only keep the remaining 30 percent.

    Please refer to list of winners below.

    RHBHacks Top 3 finalists with Mapletree Chairman, Mr Edmund Cheng, Guest of Honour, SMS Chee Hong Tat, River Hongbao Committee Chairman, Mr Tan Aik Hock and SCCCI Youth Business Affairs Committee Vice Chairman, Mr Wong Chee Herng at Mapletree-SCCCI River Hongbao Hackathon 2020 at Mapletree Business City Town Hall.

     

    RHBHacks finalist teams with (first row, from L-R) Mr Wan Kwong Weng, Group Chief Corporate Officer, Mapletree (third from left), Mr Lu Cheng Yang, Secretary General, SCCCI, Mr Tan Aik Hock, Chairman, River Hongbao Committee 2020, Mr Chee Hong Tat, Senior Minister of State for Trade and Industry & Ministry of Education, Mr Edmund Cheng, Chairman, Mapletree, Mr Wong Chee Herng, Group MD & CEO of Straits Construction Group and Vice Chairman of SCCCI Youth Business Affairs Committee (YBAC), Mr Koh Wee Leong, Head, Investment & Asset Management, Mapletree Commercial Trust Management Pte Ltd, Ms Angela Keng, Senior Vice President, Marketing, Singapore Investments, Mapletree and Mr Alex Chua, Chief Executive Officer, Goldbell Financial Services Pte Ltd.

    Top Three Finalists (in alphabetical order):

    Team: Angbaos~!
    School: Singapore University of Technology & Design
    Product: Customisable eco-friendly mandarin orange carriers


    Team: Burning Blooms
    School: Singapore Polytechnic
    Product: Pressed dried flower accessories with excess unwanted flowers


    Team: SG B2B
    School: National University of Singapore, Singapore Institute of Technology and Temasek Polytechnic
    Product: Singapore-themed design card game

    Most Innovative Award:

    Team: SG B2B
    School: National University of Singapore, Singapore Institute of Technology and Temasek Polytechnic
    Product: Singapore-themed design card game

    MEDIA CONTACTS

    Marilyn Tan    
    Grace Sung
    Assistant Manager, Corporate Communications   Senior Executive, Corporate Communications
    Tel: +65 6807 4072 / +65 8118 0768   Tel: +65 6804 8474 / +65 9199 2206
    Email: marilyn.tan@mapletree.com.sg
      Email: grace.sung@mapletree.com.sg
       

    ABOUT MAPLETREE

    Mapletree is a leading real estate development, investment, capital and property management company headquartered in Singapore. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.

    Mapletree currently manages four Singapore-listed real estate investment trusts (REITs) and seven private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (UK) and the United States (US).

    As at 31 March 2019, Mapletree owns and manages S$55.7 billion of office, retail, logistics, industrial, residential and lodging properties.

    The Group’s assets are located across 12 markets globally, namely Singapore, Australia, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.

    For more information, please visit www.mapletree.com.sg.