Testimonials

Experiences shared from former grand prize winners.

 

2017 Winners

Full press release and  pictures!

 

2017 Rules & Guidelines

Business Concept Overview:
A business concept is an attractive and well-researched market opportunity for which the team has devised a powerful and innovative response, including a viable financial business model.  The prize is focused on supporting educational entrepreneurship at an early stage of development.  Therefore, applicants are encouraged and expected to have a working prototype, but they must not have received beyond $100,000 in investments from private investors and/or government agency funding beyond research grants, nor offered product(s) for sale except in market survey mode, before March 1, 2017.  The judges consider the viability of the market opportunity, the strength of the team’s response, the strength and balance of the team, the overall predictability of a success, and the professionalism of the presentation. Proposed products/services that support a sustainable environment or specifically address needs of underdeveloped countries are encouraged, but no special credit will be assigned to such business concepts.

By participating in or attending the Global Student Entrepreneurship Challenge and Global Partnership Event, which is held in a public area, any participant or attendee may be photographed, filmed, and/or otherwise recorded. Your presence constitutes your consent to such photography, filming and/or recording and use of your image, voice, and/or likeness in any media for educational, informational, publicity, and promotional purposes in connection with this event.  All photography, filming, and/or recording will be done in reliance on this consent given by you by your presence at this event. If you do not agree to the foregoing, please do not enter the area in which the event is being conducted.

Eligibility:

Please carefully review all eligibility requirements and confirm your participation with the VTKW Staff first, before registration.

  • -  Open to full-time university students and very recent graduates, who received their degrees within the twelve months immediately prior to the annual August Global Partnership Event. (For instance, graduates as of September 2016 are eligibile for the 2017 August Challenge.)
  • -  The average age of the team must be 27 years or less for them to participate and receive prizes if selected as a finalist team.  Participants may elect to work in teams of up to five members.
  • -  Eligibility for the finals is based on winning a significant student business concept competition in the team's home region.  An example of a business concept competition model can be viewed here.
  • -  Applicants are encouraged and expected to have a working prototype, but they must not have received beyond $100,000 in investments from private investors and/or government agency funding beyond research grants, nor offered product(s) for sale except in market survey mode, before March 1, 2017.
  • - Presentations at the Global Student Entrepreneurship Challenge will be made in English.

 

Prizes:
Prizes will be awarded in the amount of $25,000 for first place, $10,000 for second place, and $5,000 for the People's Choice. Please note tax will be withheld from the prize payment. The standard withholding rate is 30%. Read more about the specific prizes awarded.

 

Presentation Guidelines:
Each student team will deliver a 10-minute presentation about their business concept before a panel of judges and interested onlookers, including other competing teams. 

Judging Criteria Maximum Score
Clear Description of Customer Need Being Met and that Customers are Willing to Pay for Product or Service 15
Target Market Size Quantification (number of customers, annual dollar size) and Risks Associated with Chosen Market 15
Competitive Advantage in Marketplace (include table comparing with competitors and venture's IP position) 15
Financial Information (projected revenues and financial viability of the business based on product or service sales (not philanthropic or grant funding), projected gross margin (% of sales); projected operating income; projected funding required 15
Market Capture Plan (milestone chart, market entry, first customer capture & market growth projections) 10
Proposed Business Model (marketing channels and alliance partnerships) 10
Required Core Competencies 10
Professionalism of Presentation 10
Total 100

 

 

 

 

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