Kuala Lumpur, 19 July, 2016 – 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.
Asia’s leading health and beauty retailer is taking this initiative to welcome 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.
This platform is ideal for new products whereby an opportunity of a lifetime awaits as their product could be made available at Watsons stores nationwide and Online Store.
“At Watsons, we always associate ourselves with innovation of our products so that our customers have a diversified choice of products to choose from. Watsons will always stay ahead in the business with relevant products to cater the needs of our customers today,” shares Caryn Loh, Chief Operating Officer, Watsons Malaysia in her statement to the media.
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.
“Watsons has a well-established brand equity in its marketing platforms and supported by a very experienced merchandising team, businesses can leverage on this opportunity to enhance the success of your new innovative products,” added Caryn.
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!
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. Interested entrepreneurs and businesses can visit www.watsons.com.my/innovationday2016 to download the entry form. Complete entries with necessary supporting documents must be submitted to innovationday@watsons.com.my by 18 September 2016.
