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The Competition

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The Global Business Challenge (GBC)

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 2018 GBC is hosted at Griffith University, with the event being managed by, QUT (The Organisers), with the assistance of an Advisory Board, Technical Advisors, executive judges from industry and government as well as our many student volunteers.

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. Importantly, the GBC is designed to foster cross-border and cross-discipline collaborations to create solutions that capture emerging transformative business opportunities for industries, regions and countries.

Solutions will consist of a combination of new and emerging technologies, as well as novel business models to support commercialisation and global adoption of these solutions. Industry prizes are specifically targeted to support finalist teams, or their collaborators in their commercialisation effort. As collaboration is a key pillar of the competition, teams are encouraged to have strong collaboration with technology providers, from research and industry and government organisations.

As the first and largest competition of its type in the world and its partners have committed to host the event for an initial seven year period. This will see the GBC has become the new benchmark in Graduate Case Competitions with a focus on delivering implementable and practical solutions to the world’s biggest challenges.

The "Shark Tank of Wellness” competition

The "Shark Tank of Wellness” competition is a unique global challenge in which university students have the opportunity to submit their most innovative, impactful idea for the wellness industry. The top three finalists, along with their professors, will be flown to the annual Global

Wellness Summit (GWS), held October 6-8 at the Technogym Village in Cesena, Italy, where they will present their idea. Several business leaders will act as “Wellness Sharks” and ask questions of the students, who will defend their innovation and make a case for its feasibility. Students will compete for cash prizes totaling USD $10,000.  

The “Shark Tank of Wellness” competition is a unique global challenge in which three university students are rewarded for their most innovative, impactful ideas for the wellness industry. 

We define the wellness industry broadly and are looking for innovations in sectors as varied as architecture/design, beauty, education, fitness, hospitality, investment, medicine, nutrition, real estate, spa, technology, travel, tourism, and more. Students are to submit a concept submission form detailing their idea, as well as a short 1-2 minute video presentation of their idea. The wellness industry is currently valued at over USD $3.7 trillion, thus providing ample opportunity for people with great ideas!

The top three finalists will be flown, along with their professors, to the annual Global Wellness Summit (GWS) held October 6-8, 2018 at the Technogym Village in Cesena, Italy. Here, they will present their business idea to the attending Summit delegates — a “who’s who” in the global wellness world. Several business leaders will act as “Wellness Sharks” and ask questions of the students, who will defend their innovation and make a business case for its feasibility.

Hult Prize at UTokyo

The Hult Prize was established in 2010 by Bertil Hult, and is an annual, year-long competition that crowd-sources ideas from MBA and college students after challenging them to solve a pressing social issue around

ABOUT THE CHALLENGE

Transform – Harnessing the Power of Energy

Energy is the lifeblood of human society. By creatively harnessing energy we can transform it into clean water, food, jobs, and connectivity. The world has enough latent capacity for energy innovation to shift the trajectory of global development. The world needs more disruption that taps into those energy innovations to accomplish a second transformation: the transformation of lives. The 2018 Hult Prize is an invitation to student teams around the world to find and develop energy innovations that can be scaled to improve the lives of millions.

topics such as food security, water access, energy, and education.

The Luxembourg Art Prize is an annual international prize organised by the Pinacothèque of Luxembourg, a private not-for-profit exhibition space in the Grand Duchy of Luxembourg. Every year the Prize aims to discover talents, amateur or professional, regardless of age and nationality. 

The Luxembourg Art Prize

 

The winner receives significant help in the form of a grant of 25,000 euros (about US$30,000 GBP22,000 CHF30,000 CA$38,500 JPY3,250,000). The winner is entirely free to use this money in any way they choose.

All the finalist artists’ expenses are paid by the organisation during the group exhibition (transport for the works of art, air and train tickets and full-board accommodation in a four-star hotel). This also applies to the expenses of one other person of their choice who can accompany them to the Grand Duchy of Luxembourg.

The Prize is aimed at artists working in one or more of the following media: drawing, printing, installation, painting, performance, photography, digital art, sculpture, sound art, video, mixed media, decorative art (textiles and material, glass, wood, metal, ceramics, mosaic, paper or other techniques).

The ambition of the Prize is to accelerate the careers of little-known artists through a group exhibition by the finalists and support from the international network of Prize finalists, in existence since 2015.  

European Satellite Navigation Competition (ESNC)

The international innovation competition serves as accelerating instrument for space‐related entrepreneurs and startups, providing Europe with path‐breaking novelties.

Since its initiation in 2004, the ESNC has always been scouting the most forward‐thinking applications based on satellite navigation and remains to set benchmark levels of space‐related innovations for Europe.
The spectrum of submitted business ideas reflects the manifold opportunities made possible by this future‐oriented technology: from healthcare and leisure to traffic management and other rail, sea, and air transport logistics, individuals and entire industries alike can benefit from satellite navigation.

No matter what stage a pioneering idea is at, the ESNC provides support for innovative ideas at each development stage, with the ultimate aim to turn them into real business cases. Thus, the diversity offered by the ESNC and its entire network are best described as “service all along the value chain”. Thereby, the ESNC is not only the prestigious competition for GNSS‐related ideas but also serves as Europe‐wide and effective support mechanism for entrepreneurs and startups thanks to a highly diversified prize pool worth EUR 1 Million offered by the 140 involved ESNC stakeholders.

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