The Essence of the Competition
- Promoting Responsible Business:The ABCC is committed to identifying and mentoring high-potential young entrepreneurs, focusing on responsible business practices and job creation.
- Values-Driven Approach: The challenge upholds values like ethical business practices, an international outlook, and a belief in business as a public trust with societal obligations.
Project Development and Evaluation
- Three-Phased Development Process: Your business concept will undergo a thorough evaluation, receiving critical feedback from an Investor Expert.
- Criteria for Projects: Your concept must identify and solve a local challenge with a viable business solution. For inspiration, check out the Top 5 Projects from the previous year.
What Your Project Should Address
- A community challenge or need.
- A business solution with a viable concept.
- The implementation and impact of the business solution.
Benefits of Participating
- Societal Impact: Make a significant impact on local community problems.
- Global Networking: Connect with student teams worldwide and network with experienced entrepreneurs and industry professionals.
- Mentoring by Industry Experts:Gain insights from high-caliber judges who are seasoned entrepreneurs and industry leaders.
- Structured Feedback: Receive personalized feedback during the project development process from Team Advisors.
Registration Procedure
- Competition Format: The challenge is virtual and spans a 5-week period.
- Team Composition: Teams of 2-5 members, with at least two current students from an African institution. Interdisciplinary teams are encouraged.
- Team Captain and Faculty Mentor:Each team must appoint a Captain for communications and have a Faculty Mentor for guidance.
How to Apply
To seize this opportunity, visit the Official Webpage of the GBSN Africa Business Concept Challenge. Remember, the application deadline is March 5th, 2024.
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