AmBank BizRACE 2018-2019

The AmBank BizRACE (“the BizRACE”) is organised by AmBank Berhad (“AmBank” or “the Bank”).

To stand a chance of being one of AmBank BizRACE’s Top 100 businesses and win up to RM2 million worth of prizes, participants will need to submit their 300-word business plan by 5PM, 23 January 2019 through Google Form (link below). Submissions received after the deadline will strictly not be entertained.

All entries must be submitted online using the Google Form (link below) and fields provided and must be received by AmBank by 5PM on 14 January 2019 at the very latest.

AmBank BizRACE Top 100 – Business Plan Submission


Eligibility Criteria

The BizRACE is open to registered SMEs throughout Malaysia. However, the following categories of persons or entities shall not be eligible to participate in the BizRACE:-

a. a business and/or company which is incorporated or established outside Malaysia;

b. a business and/or company which is not registered with the relevant registry(ies) and/or authority(ies) (where applicable) and/or which has not been granted the relevant license(s) and/or approval(s) and/or permit(s) (where applicable) for the carrying on of its business of that nature and type;

c. a business and/or company which are engaged in illegal activities;

d. a business and/or company in respect of which winding-up proceedings (whether voluntary or not) has been commenced;

e. a business and/or company whose director(s) is/are financially insolvent or where bankruptcy proceedings have been commenced against him/ her;

f. permanent or contract employees of the Bank or any of its subsidiaries and/or their representatives and/or agents including their immediate family members and family members of judges of the BizRACE and any business and/or company in which any of the above person(s) is a director or partner or having such similar position or control; and

g. any other category of person(s) or body(ies) as the Bank may decide to exclude at its sole and absolute discretion without assigning any reason therefor.


Selection of Participants

Any relationship with AmBank and/or its subsidiaries and/or with the judges or mentors or major decision-makers of the BizRACE shall be disclosed and declared in writing together with the application and if at any time thereafter, such relationship is discovered, the applicants shall disclose the same to AmBank immediately. AmBank reserves the right to reject any application and/or to terminate the participation of any applicant should such a relationship be discovered which has not been disclosed.

Only participants that have been shortlisted will be notified. The tentative date of notification shall be before 1 February 2019 or any other date as AmBank may decide at its sole and absolute discretion.

The judges and/or AmBank’s decision on all aspects of the BizRACE including the finalists and the winners shall be final. No appeals or correspondences in relation thereof shall be entertained.

In the event AmBank cannot for any reason contact any successful participant, AmBank reserves the right at its sole and absolute discretion to select other participants as substitutes.

AmBank shall not be responsible or liable in any manner howsoever for any failure or delay in the commencement of the BizRACE and/or for any change in the mentors, judges, Pitch Out dates and any other important events of the BizRACE.


General Terms and Conditions

1. By participating in the BizRACE, the participants agree to be fully bound by and unequivocally accept all the terms and conditions herein (“the Terms”) including any additions, deletions, amendments or variations thereto.

2. The participants hereby irrevocably authorise and permit the Bank to provide, use and/or store any information concerning them and their applications for the purpose of processing their applications and any matters in relation to the BizRACE, and/or as may be required by any law and/or directives from the relevant authorities and/or bodies.

3. The participants hereby agree and undertake to fully indemnify and hold AmBank and the sponsors harmless at all times against any claims, proceedings, damages, losses and/or costs whatsoever (including legal fees on a solicitor-client basis) that may arise in connection with or as a result of any misconduct, misrepresentation or breach by the participants of any term or warranty whatsoever hereunder.

4. The participants hereby agree that AmBank and the sponsors shall not be liable for any damages, losses, costs, expenses, claims and/or liabilities whatsoever (whether direct, indirect, special or consequential and whether foreseeable or not) arising out of or in connection with the BizRACE.

5. AmBank reserves the right at its sole and absolute discretion to vary, delete or add to all or any of the Terms at any time with prior notice. AmBank reserves the right at its sole and absolute discretion to cancel, terminate, extend or suspend the BizRACE in whole or part, at any time and without prior notice and the participants shall by virtue of their participation in the BizRACE be deemed to have fully agree and unequivocally accepted the said additions, deletions, variations and/or amendments. For the updated version of the Terms, please visit from time to time. In the event of any inconsistency or repugnancy between the Terms hereunder and the updated version(s), the latter shall prevail but only to the extent of such inconsistency or repugnancy thereof.

6. The participants hereby agree and consent that AmBank Group may collect, use, disclose and process personal information set out in this form and/or otherwise provided for one or more of the purposes as stated which in summary includes but is not limited to the following:

(a) processing my/our application for and providing me/us with the services and products of AmBank Group and related companies

(b) sending me/us marketing, advertising and promotional information about other products/services that AmBank, related companies, business partners and sponsors may be offering, and which AmBank believes may be of interest or benefit to me/us (“Marketing Messages”), by way of voice call/phone call, SMS/MMS or to my/our email address(es).