Bangladesh team won the Bronze award in the regional HSBC Young Entrepreneur Awards 2008-2009 Wednesday.

Their business case was about solving the imminent water crisis of mega city Dhaka by harvesting rainwater and providing clean and drinkable water for everyday use in domestic and commercial structures, said a press release.

The award aims at encouraging undergraduate students to develop innovative and commercially viable business plans.

Since the first awards in Hong Kong in 2000, the programme has been launched in Bangladesh, Brunei, Malaysia, the Philippines and Thailand.

This year, more than 2,400 full-time university students from six Asian countries and territories formed 902 teams and took part in local competitions. The gold award team from each area made a formal business plan presentations to judges at HSBC's Asia Pacific headquarters in Hong Kong Wednesday in the regional final.

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Chief Executive officer Sandy Flockhart said, the HSBC Yong Entrepreneur Awards programme demonstrated the company's ongoing commitment to education and investment in nurturing future leaders in the region.