Entry is now open calling for budding entrepreneurs looking for a platform to market their product and putting them up on the shelve by participating in the annual Watsons Innovation Day. Watsons Malaysia welcomes new businesses and suppliers to foster business relationship with Watsons by presenting new innovative products ranging from health, personal care, skincare, cosmetics to beauty and lifestyle.
How to participate in Watsons Innovation Day 2016? Participant must have a product in mind and not just a technology. If this product idea is still in an early stage, participant must ensure the product has capabilities to enter production stage in early 2017. But if a product has already made it to the production stage, then the product must not be made available in the market in order to qualify. Download the entry form on watsons.com.my/innovationday2016, complete entries with necessary supporting documents and submit to innovationday@watsons.com.my by 18 September 2016.
What are the rewards? The winning entry will be rewarded with the platinum package prize of advertising and promotion support worth RM500,000 and two runners-up will receive the gold package prize of advertising and promotion support worth RM250,000 each!
How entries are judged? Entries will be judged based on the product idea and market needs, the market size and potential customers, product competitive advantage and lastly on the presentation. Successful entries will be contacted to present a 20 minute presentation to the panel of judges.
