A team of first-year MBA students has advanced to the semi-finals round in the National University of Singapore’s annual business plan competition, called Cerebration, placing them among the top 18 teams of an original pool of 568 teams. That keeps them in the competition along with such schools as MIT, HEC Montreal and Rice.

Students Lindsey Galloway, Mandar Marathe, Sasiri Yapa and JaeHwan Yoo developed a plan for Singapore-based home healthcare retailer OSIM International that would allow them to increase points of sale 200 percent by 2013. The next step in the competition could take them to Singapore to compete in the final round with 6 other teams.