Friday, 2 December, 2022

Marico Bangladesh announces innovation competition winners

  • Staff Correspondent
  • 17 October, 2022 12:00 AM
  • Print news

Marico Bangladesh Limited announced the name of champion of ‘Over the Wall’ competition. Sharks in Suit has been declared the champion of the campaign.

The winners were announced following the competition’s grand finale, held at the Radisson Blu Dhaka Water Garden's Utshab Banquet Hall, said a press release.

 The grand finale was concluded with a gala event, with teams incognito and work in progress becoming the runners-up of the competition. The laudable accomplishment of Sharks in Suit was achieved after completing 4 riveting and challenging rounds of assessments and idea pitching.

The competition kicked off with a whopping registration of more than 1000 teams from 40 universities countrywide, consisting over 2,800 university students.

The initial round required participants to utilize their cognitive capabilities in an online gamified assessment, and over 600 teams completed their respective assessments. The 2nd round required participants to submit a Business Proposal of a disruptive and innovative product idea within the personal care industry. This round saw 268 diverse business proposals.

 The top 20 ideas then entered the Semi-Final round, out of which 7 stellar teams made it to the Grand Finale.

The 7 finalist teams that qualified for the Grand Finale were: Team Incognito, Extra Drill, SquarePants, Levi Squad, Sharks in Suit, Absolute Zero and Work In Progress. In the final round of the competition, the teams pitched their product ideas to a panel of distinguished judges, namely Rajat Diwakar, Managing Director of Marico Bangladesh Ltd.; Naser Ezaz Bijoy, CEO of Standard Chartered Bank; and Shehzad Munim, Managing Director of British American Tobacco Bangladesh.