HM's Representative Honors Recipients of Bangkok Business Competition 2025
Her Majesty's Representative Presents Awards at the Bangkok Business Challenge 2025
His Majesty King Maha Vajiralongkorn appointed Privy Councillor Ampon Kittiampon to represent him at the awards ceremony of the Bangkok Business Challenge 2025, which took place on Saturday, May 24, 2025, at Sasin Hall, Sasin School of Management, Chulalongkorn University.
The event was attended by Prof Ian Fenwick, Director of Sasin School of Management, Assoc Prof Rawee Jutasriphong, Assistant to the President of Chulalongkorn University, and members of the competition organising committee.
Kongpan Pramoj Na Ayudhaya, Chair of the Organising Committee, presented the program booklet and delivered a report on the event, followed by an introduction of the competition's sponsors. Suracha Udomsak, Chair of the Judging Panel, gave a summary of the competition results. The Privy Councillor then presented the awards to the winning and runner-up teams.
Now in its 23rd year, the Bangkok Business Challenge is a renowned global startup business plan competition for university students, recognized as Asia's longest-standing English-language event of its kind. Co-hosted by Sasin School of Management and SCG Chemicals Public Company Limited, it offers a platform for students to exhibit their entrepreneurial creativity in an international arena.
This year's competition, themed "Growing Impactful Ventures," focused on sustainable business development through innovations addressing economic, social, and environmental challenges. Nearly half of the participating teams concentrated on emerging sectors such as MedTech, HealthTech, AgriTech, and AI.
The MabLab team from Harvard University, USA, claimed the prestigious HM The King's Award and a cash prize of US$18,000. The runner-up award and a cash prize of US$3,000 were given to the Humimic Biosystems team from the University of Arkansas, USA. Additionally, MabLab received HRH Princess Maha Chakri Sirindhorn's Sustainability Award, along with an additional cash prize of US$5,000.
A total of 308 teams from 82 universities worldwide applied to compete, with the final rounds held at Sasin School of Management from May 22 to 24, 2025. The event underscores Chulalongkorn University's and Sasin School of Management's commitment to nurturing future leaders and supporting the growth of Thailand's startup ecosystem by providing a unique opportunity for students to transform innovative ideas into viable businesses.
- The Bangkok Business Challenge 2025, a renowned international startup business plan competition, focuses on sustainable business development through innovations addressing economic, social, and environmental challenges.
- Co-hosted by Sasin School of Management and SCG Chemicals Public Company Limited, the event offers a platform for students to exhibit their entrepreneurial creativity in an international arena, such as the MedTech, HealthTech, AgriTech, and AI sectors.
- The MabLab team from Harvard University claimed the prestigious HM The King's Award and a cash prize of US$18,000 in the finance sector, while the Humimic Biosystems team from the University of Arkansas received the runner-up award and a cash prize of US$3,000.
- Participating in events like the Bangkok Business Challenge 2025 is a valuable part of business, education-and-self-development, as it provides opportunities for students to learn, network, and grow their stock market potential in a global setting.
