The Negros Oriental State University's new College of Business and Accountancy, the Department of Trade and Industry and TBV Group Inc. will launch the NORSU Innovation Challenge on Feb. 2.

NIC is a contest to generate business ideas and is open to all NORSU students with business ideas that may take the form of goods or services, CBA dean Dr. Juliet Uy said.

CBA is one of the new colleges created since the conversion of the Central Visayas Polytechnic College into the Negros Oriental State University on June 25, 2005.

To qualify, the students must submit a two-page write up proposal of their new ideas. Each entry must be submitted to the CBA Dean's Office on or before March 6, 2006.

Judging and awarding will be on March 10, 2006.

Each entry must follow a required maximum two-page concept paper format and must include details about the proponents, the project including its costs, funding counterpart, description, what it wants to solve, how it will improve the quality of life or enhance efficiency or protect the environment, and its first customers, among others.

Uy said a free workshop on Business Ideas Generation will be conducted by DTI after the launching.

The concept papers will be evaluated and judged by a local multi-sectoral working group.

Semi-finalists will have the chance to undergo a training workshop on Business Plan Preparation and to join the Oriental Negros Innovation Awards, Uy added.*JG

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