Thursday, 9 April 2015

2015 Global Business Challenge

The Global Business Challenge is a graduate business case competition to design sustainable solutions to global problems. The focus of the challenge for 2015 is one of Food Security. Specifically, the challenge is to design sustainable solutions to aid the achievement of global food security through the doubling of food production by 2040. Your team is to develop a solution that addresses the challenge anywhere across the food production value chain - from on-farm production, processing, manufacturing, logistics, sustainability or waste reduction. Your proposed solution may also fit across one or more specific industry sectors (such as crops, meat production, aquaculture etc). In formulating your solution you will need to demonstrate how your solution potentially delivers impact on a regional and global scale.
Competing teams will face off over two rounds to progress to the finals to be held in Brisbane in 3rd-6th November 2015. 

 Prizes:
Finalists will get a fully funded trip to Australia to pitch their ideas to the Judges (For non-Australian finalist teams, a generous travel subsidy of $12,500 (AUD) will be made available to each team)
Teams selected to compete in the Finals compete for: 
  • 1st Prize of $100,000
  • 2nd prize of $15,000
  • 3rd Prize of $10,000
*$ - (Australian Dollars)

Description:
Round 1 is a virtual round - open to any team of postgraduate students from both business and technical disciplines - where they with pitch their 'conceptual business solution' comprising a combination of new technologies and innovative business and financing models.  
Six finalist teams will be selected to come to an intensive 2 day lock-in phase where they will be required to address a series of specific constraints reflecting real-world issues in order to make their solution a reality. Finalists will present to a judging panel of global CEOs and financiers.  
Finalist Teams will compete for a share of $AUD 125,000 in prize money.  

Eligibility:
Participating students within a team must meet the enrollment criteria being either:
  • Currently enrolled in an eligible program of study OR
  • have been enrolled in an eligible program of study  during 2014.
An eligible program is any business or technical discipline based postgraduate program of study (such as MBA, Masters Degrees or other relevant post-graduate degree programs in business or technical disciplines).
  •  Proposed team members not meeting these criteria may only participate with special permission of the organisers.
  •  Team membership shall comprise a minimum of three (3) student members and a maximum of four (4) student members plus a nominated alternate member in the event of illness of one of the core team members.
NB: Please read further the contest rules and Eligibility  here

How to Apply:
Register your team at the online registration portal , Registered teams will be provided with a template for Round 1 submissions on Friday 1 May 2015 . This template will be the format for the 5 page Executive Summary plus some guidance on developing your virtual pitch (which needs to be uploaded on YouTube). Find out more on competition format

Deadline: June 26, 2015

For more information visit 2015 Global Business Challenge

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