Univeristy of Queensland ( $125,000 ) Global Business Challenge

The University of Queensland in partnership with Silk Road Entrepreneurship Network and Global Business Network is accepting applications for it’s Global business challenge, the Univeristy of Queensland (  Global Business Challenge is open to applicant from around the world.

About University of Queensland

Founded in 1909 University of Queensland is Australia leading teaching and public research University located  in Brisbane, the capital city of the Australian state of Queensland. UQ is one of Australasia’s leading universities.

About Global Business Challenge

These graduate case competition challenge is to design sustainable solution to global challenges, it is conducted in partnership with Griffith University and Univeristy of Queensland.

These year’s GBC is hosted by University of Queensland, and the event is being managed by, QUT (The Organisers), with the assistance of an Advisory Board, Technical Advisors, executive judges from industry and government with help from student volunteers.

It objective is to leverage the exceptional intellectual talent from the worlds’ top business schools and universities to solve a major global problem. The competition is designed to challenge students to formulate business solutions for globally relevant and contemporary ‘wicked’ problems with global significance.

The challenge for the 2020 Univeristy of Queensland Global Business Challenge is to ‘develop novel and sustainable solutions to aid in resource recovery and promote the circular economy.

Deadline: June 2020

Host Institution: University of Queensland

Number of Award: N/A

Award to be taken in Australia

Application accepted from around the world.

Value of Award:

  1. Team prizes comprise two types of Prize; GBC Competition Prizes (totaling $125,000); and, Industry Prizes.
  2. Industry partners could also become a first partner to commercialization. Industry prizes are specifically targeted to support finalist teams, or their collaborator, in their commercialization effort.
  3. GBC Competition Prizes for 2019 are:
  4. Winner: $AUD100,000
  5. 2nd Place: $AUD15,000
  6. 3rd Place: $AUD10,000
  7. Industry Prizes: To be announced
  8. Teams with ‘Concept Solutions’ that comprise technologies not yet able to be demonstrated are still encouraged to compete for the GBC Competition Prizes but may be ineligible for Industry Prizes.
  9. In addition to the cash prizes, all non-Australian university finalists will be eligible for a travel subsidy of up to $AUD 12,500 plus having accommodation provided at no cost.

Global Business Challenge Eligibilty

All applicant and participating team will have to meet the eligibilty check.

  1. Currently enrolled in an eligible program of study OR
  2. Have been enrolled in an eligible program of study during 2019
  3. Teams competing in previous GBC competitions may compete again (subject to meeting eligibility criteria), however, solutions must NOT have been the basis of any previous submission in which any team member has completed.
  4. Teams who have made the finals in a previous competition may not compete again, however, past participants may coach a current team.
  5. 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).
  6. Proposed team members not meeting these criteria may only participate with special permission of the organizers.

How To Apply For Global Business Challenge

These award is in two rounds , applicants and teams pass through two rounds elimination stage before getting to the final, Univeristy of Queensland Global Business Challenge.

  1. Round 1 is a virtual round – open to teams of postgraduate students from both business and technical disciplines.
  2. Teams will pitch their ‘conceptual business solution’ comprising a combination of new technologies and innovative business models. Round 1 submissions include a 5-page Executive Summary and a 3-minute solution pitch.
  3. Winners of Round 1 will be announced on 6 July 2020.
  4. Seven finalist teams will be selected to come to an intensive 2-day lock-in phase where they will be required to develop a business case for a specified hypothetical project opportunity.
  5. The hypothetical will address a set of constraints specific to each finalist team’s proposed solution and reflecting real-world issues in order to make their solution a reality. Finalists will present to a judging panel of CEOs from across the industry, Government and financial Sector

To Apply click on the link below.

Official Link

Please Note: the elimination stage is spanned from 1st September – 1st October 2020.

 

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