Applications are now solicited from bright and ambitious Graduate candidates for the Global Business Challenge 2020.
The challenge for the 2020 Global Business Challenge is to ‘develop novel and sustainable solutions to aid in resource recovery and promote the circular economy’. The Global Business Challenge (GBC) is being conducted as a partnership between QUT, The University of Queensland, and Griffith University, and with the support of government and industry.
The objective of the GBC 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. I
The challenge for 2020 is to ‘develop novel and sustainable solutions to aid in resource recovery and promote the circular economy’. Proposed solutions may cover any domain within the theme and one or more points within the value chain.
As outlined in the challenge statement, proposed solutions that result in:
- Waste reduction;
- Reduction of greenhouse gas emissions and/ or;
- Reduction in greenhouse gas emissions;
- Improved better environmental outcomes.
- Winner: $AUD100,000
- 2nd Place: $AUD15,000
- 3rd Place: $AUD10,000
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.
Teams will face off over two rounds to progress to the finals to be held in Brisbane from 27 October-30 October 2020.
- Round 1: Round 1 is a virtual round-open to teams of postgraduate students from both business and technical disciplines. 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. Winners of Round 1 will be announced on 11 September 2020.
- Finals: 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. 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 finance sectors.
- Team participation will comprise a mix of a maximum of four postgraduate students from any combination of business and/ or technical disciplines.
- However, in order for teams to be as competitive as possible, we strongly encourage a multidisciplinary approach with teams of students with multidisciplinary expertise wherever possible.
- Students must have been enrolled in any academic period between July of the previous year through to June of the year of competition.
- Students can be either full-time or part-time and schools and universities may field multiple teams.
To register online for the challenge, click here. The last date to register for Round 1 is August 28, 2020.
Phone Number: +61731381057
Email ID: email@example.com
For full notification, click the link below.
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