ITB Forbetric Team Received Funding 10 Million Rupiah

Written by Student Reporter (Elisabeth Sirumapea - Management 2020)​

SBM ITB students, the Forbetric Team won 2nd place in the Undip Ecoprenur Business Plan 2019 Competition held by BEM FEB Undip on 31 October to 2 November 2019 in Semarang.

The theme of the competition is “Innovative Youngpreneur in Disruption Era”. “The competition is about the business plan, there are 191 teams throughout Indonesia that register for the first stage with a business model canvas, the second stage continues to make a business plan proposal, from there the 10 best teams are taken and the final session pitching ideas”, said Aqmalia Shafira as the team leader Forbetric.

The Forbetric Team consists of two Entrepreneurship students namely Aqmalia Shafira (Entrepreneurship 2020) and Amira Nabila (Entrepreneurship 2020). Aqmalia Shafira who is usually called Fire said that they took part in the competition because they were motivated to get funding for their smart home project named Forbetric or the abbreviation for For Better Electricity. “In addition, we also want to add to the experience of the race and want to add relationships”, she added.

In this competition, the Forbetric team brought the idea of ​​a Smart Home that functions for Electricity Efficiency and Monitoring. “The point is we provide hardware products and applications for Scheduling, Controlling and Monitoring functions with 4 values ​​offered, namely: Reliable, Personalized, Eco Friendly, Secured,” said Fire.

Thanks to the ideas they brought, the Forbetric team finally won 3rd place with a total prize of 10 million rupiah as funding for their ideas. “Thank God, we are happy and proud to be able to help raise the name of ITB, especially SBM ITB, and feel happy too because we can win the trust of Undip to provide funding assistance for our business projects,” said Fire, smiling when asked by ITB Reporter when asked how they felt after managed to win.

“Struggles experienced by UTS together the preparations are a bit chaotic, and from the announcement of the grand final for pitching to the D-day event, the preparation is only 1 week, so how to overcome it, we increase the practice for pitching and really give the best presentation to be considered attractive by the judges “said Fire when asked about their experiences when participating in this race.

In joining this competition, Forbetric team was also quite helped by the existence of applicable wirus sciences such as Technology Based Business courses, business models, financial projections, HR teams, SWOT analysis, business feasibility analysis. “Because on the wirus also actually already often presentations for pitching to investors so it is very helpful for pitching and also communication skills,” said Fire.

In addition, the Forbetric team also participated in the Habibie Festival held on October 17-19, Jakarta International Expo, Kemayoran and became one of the tenants there. This festival is the largest exhibition of innovation and technology works in Indonesia.

Fire hopes for the future this Forbetric business project can run according to its work timeline, can get more funding and collaboration support, and can also become a smart home business that can create sustainable electricity in Indonesia.