Aspiring Entrepreneurs from Singapore Shine at the 10th FedEx Express/Junior Achievement International Trade Challenge Asia Pacific Finals
HONG KONG, August 11, 2016 – A team of student entrepreneurs from Singapore have been crowned winners of the FedEx Express/Junior Achievement International Trade Challenge (FedEx/JA ITC) Asia Pacific Finals in Hong Kong. Challenged to come up with an idea for a travel security product or service for the U.K., team Kung Fu Pandas – made up of Colin Chee and Tan Jie Ying – impressed the judges with their product “RobStop”, a convertible bag with slash-proof body panels made of stainless steel mesh that can help to thwart pickpockets and protect all important personal belongings while travelling.
In total, 48 students from eight Asia-Pacific markets (Hong Kong, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand and Vietnam) took part in this year’s contest.
“We came up with an idea that we thought would work and that we believed in, but some of the other team’s proposals were really outstanding, so we didn’t expect to be the winners,” said Colin Chee and Tan Jie Ying of Kung Fu Pandas. “Taking part in the contest has been a really eye-opening experience, and it’s made us realize that, with some planning, research and a good idea, it’s surprisingly easy to set up a business in real life.”
Evelyn Tsui and Tanya Tam of team DOTS from Hong Kong took second place in the contest with their idea of “Secure Egg”, a compact portable device that helps elderly travelers in emergency situations by enabling them to connect to their families or even the police at the push of a button.
Team LOHAS, also from Hong Kong, came third. Team members Michelle Ng and Vanessa Kwang devised “KidSafe”, a children’s backpack that tracks children’s whereabouts. Once the backpack leaves the “safety zone” set by parents, the parents receive an automatic alert.
“Modern technology makes international markets more accessible to even the smallest business than ever before,” said Karen Reddington, president, FedEx Express Asia Pacific. “I’m delighted that, by supporting FedEx Express/Junior Achievement International Trade Challenge, we are helping to develop and inspire the next generation of entrepreneurs to recognize the opportunities for themselves. The program has grown considerably in both size and stature over the last 10 years, which is a testament of a huge success that FedEx is proud to be associated with.”
“It is remarkable that FedEx/JA ITC has now been running for 10 years and we are very proud that it has not only endured, but actually grown considerably,” said Vivian Lau, president, JA Asia Pacific. “Our goal for the program was always to inspire young people to think big in what they can achieve in the world of business, and to enable them by equipping them with the necessary knowledge and skills through challenges that were as close to real life as possible. The feedback of previous years tells us that participants really benefited from the program, and we will work to ensure it remains equally valuable in the years to come.”
The FedEx/JA ITC program is jointly organized by FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, and JA Asia Pacific, a member of JA Worldwide. It aims to inspire and educate high school students about global business and mold them into the next generation of entrepreneurs by challenging them to devise practical, workable business proposals.
Now in its 10th year, the program has grown considerably: just 295 students from three markets took part in the 2007 program. This year, more than 2,500 students from around 100 schools in eight markets took part.
For more information, please visit www.facebook.com/AsiaPacificITC.
About the FedEx Express/Junior Achievement International Trade Challenge
Designed to foster business knowledge through practical teamwork exercises and classroom learning, the FedEx Express/Junior Achievement program comprises two key activities – the International Trade Workshops and the International Trade Challenge. To take part in the FedEx Express/Junior Achievement International Trade Challenge, students in teams of two have to develop a specific product or service and create an original international market entry strategy for a designated country. Through this process, students gain first-hand experience of what roles world trade, product distribution and sales play in a market environment. In addition to teamwork, participating students learn the basics of risk evaluation in the business world and gain confidence in their analytical ability.
About FedEx Express
FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date supported by a money-back guarantee.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $58 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 400,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
About JA Asia Pacific Limited
JA Asia Pacific Limited is a member of JA Worldwide®, one of the largest global NGOs dedicated to addressing fundamental social and economic challenges of young people by educating and empowering them to transform their future and own their economic success.
JA Asia Pacific Limited is dedicated to enabling and empowering youth to benefit from the region’s economic development, and to create a positive impact in their lives and communities. Through a dedicated volunteer network, JA Asia Pacific Limited provides in school and after school programs for students which focus on three key content areas: work readiness, entrepreneurship, and financial literacy. JA Asia Pacific envisions a future that young people dream big and, as a group, drive productive social and economic change.
The 19 Members JA Asia Pacific network is powered by over 23,000 volunteers and mentors from all sectors of society, reaching up to 900,000 students around the region.
For more information, visit www.jaasiapacific.org.
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