Testimonials

Experiences shared from former grand prize winners.

 

2017 Winners

Full press release and  pictures!

 

2018 Rules & Guidelines

Challenge 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 2, 2018.  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.

Eligibility:  Please carefully review all eligibility requirements and confirm your participation with Apex 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 Entrepreneur Challenge. (For instance, graduates as of September 2017 are eligibile for the 2018 August Challenge.)
  • Teams can have up to five members. If your team has more than five team members, it is up to the discretion of your institution/team to determine the five members that will be nominated to represent your team at the Global E Challenge.
  • The average age of team members must be 27 years or less.
  • Teams 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 2, 2018. 
  • Business models can not be affiliated with an existing business unless the model covers expansion into a significantly different industry or consumer base, or involves a major geographic expansion.
  • Business models that aren’t formed and managed by the team are not eligible.
  • 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.
  • Presentations at the Global Entrepreneur Challenge will be made in English.
  • Participating institutions and faculty advisors nominating a student team to the Challenge must ensure their team’s eligibility and that they meet all of the above requirements.

 

Prizes:
Prizes will be awarded in the amount of $30,000 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 prizes and the documentation required to receive money in the Global Entrepreneur Challenge Participant Packet (see below). 

 

Presentation Guidelines:
Each student team will deliver a 10-minute presentation on Thursday, August 23, 2018, about their business concept before a panel of judges and interested onlookers, including other competing teams. 

  • 2018 Global Entrepreneur Challenge Participant Packet - stay tuned to read more information about the presentation guidelines, judging criteria, audiovisual information, etc. 

 

 

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