GBSN Africa Business Concept Challenge 2024 for African undergraduate and graduate students

GBSN Africa Business Concept Challenge 2024 for African undergraduate and graduate students

GBSN announces the fourth annual Africa Business Concept Challenge (ABCC), a virtual competition for African undergraduate and graduate students.The competition asks student teams to create a viable business plan that addresses a locally relevant challenge or problem related to Agenda 2063, inclusive and sustainable development.

The Africa Business Concept Challenge aims to support young individuals from the African continent who are entrepreneurial, want to serve their community, and embody the qualities listed below. With a focus on encouraging responsible entrepreneurship, the competition seeks for high-potential young individuals for mentoring and investment.

Competition Values

• A commitment to the importance of responsible entrepreneurship and its role in job creation
• An international outlook
• A commitment to ethical business practices
• A strong interest in young people in emerging markets and the role that business can play in creating opportunities that enable them to develop
• A belief that business is a public trust with the obligation to improve and serve society
• A commitment to lifelong learning and continuing education

Also Apply: Call for Applications: YALI RLCs/ POWER AFRICA Design Challenge 2024 for young Africans

Projects

Student Teams will engage in a three-phased project development process where their business concepts are evaluated and scored by a designated Investor Expert, delivering critical feedback to improve their business concepts. Projects will be accepted that properly identify and define a local challenge and a viable business concept that addresses the problem. For project inspiration, check out last year’s Top 5 Projects!

All projects must address:

A community challenge or need

A business solution

A viable business concept

Implementation and impact of business solution

GBSN Africa Business Concept Challenge Benefits

1. Societal Impact

The Challenge offers a chance to make an impact on local community problems.

2. Networking

Opportunities with student teams from across the globe, as well as experienced entrepreneurs and industry professionals

3. Mentoring & Industry Experts

High-caliber, experienced judges, who are experienced entrepreneurs and industry leaders

4. Structure, Feedback & Guidance

Personalized, individual feedback during the project development process from Team Advisors

GBSN Africa Business Concept Challenge Registration Procedure:

• The challenge will be virtual and take place during a 5-week period.
• Teams must consist of two to five members, where at least two must be current students at an African institution at the time of the competition. Interdisciplinary teams are encouraged.
• Each team must have a Captain who will handle communications with GBSN and register the team.
• Each team must have a Faculty Mentor upon registering. Mentors will help guide teams and enrich the learning experience.

For More Information:

Visit the Official Webpage of the GBSN Africa Business Concept Challenge