Join the 4th Annual Africa Business Concept Challenge – Empower Your Entrepreneurial Spirit

The Global Business School Network (GBSN) is excited to announce the 4th Annual Africa Business Concept Challenge (ABCC), a premier virtual business concept competition designed for African undergraduate and graduate students. This year, the focus is on nurturing entrepreneurial talent that can generate solutions aligned with Agenda 2063, fostering inclusive and sustainable development.

If you’re a student with a flair for entrepreneurship and a passion for making a difference in your community, this challenge is tailor-made for you. It’s an opportunity to put your innovative ideas to the test and develop a viable business concept that addresses a locally-relevant challenge.

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.

In Conclusion

The Africa Business Concept Challenge is more than a competition; it’s a platform for you to contribute to your community’s development and gain invaluable experience and connections. By participating, you can transform your innovative ideas into actionable business solutions, making a tangible impact while growing as an entrepreneur and leader. Don’t miss this chance to be a part of something transformative – apply now and be the change you wish to see.

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