Africa Business Concept Challenge: Empower Your Entrepreneurial Spirit
Are you prepared to put yourself to the test and truly impact your community? The Africa Business Concept Challenge (ABCC), in its fourth year, is inviting graduate and undergraduate students from Africa to present their creative ideas. Is it possible for your group to come up with a workable business idea that both solves a local need and advances the sustainable development goals of Agenda 2063? While you compete in this esteemed virtual tournament, consider the potential impact you could have on your community. Isn’t it time to pursue your aspirations of being an entrepreneur?
The 4th Annual Africa Business Concept Challenge (ABCC), a prestigious virtual business concept competition exclusively for African undergraduate and graduate students, is proudly announced by the Global Business School Network (GBSN). This year, the emphasis is on developing entrepreneurial potential in order to produce solutions that support Agenda 2063 and promote sustainable and equitable development.
This challenge is ideal for students who have a flare for entrepreneurship and a strong desire to improve their community. It’s a chance to test out your creative ideas and create a workable business plan that solves a problem that matters locally.
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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 web page of the GBSN Africa Business Concept Challenge. Remember, the application deadline is March 5th, 2024.
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In Conclusion
The Africa Business Concept Challenge is more than just a competition; it’s a chance for you to make a positive impact on the growth of your community and make priceless contacts. By taking part, you may turn your creative concepts into workable business solutions, have a real influence, and develop as a leader and entrepreneur. Apply right away to be the change you want to see, and don’t pass up this opportunity to be a part of something truly amazing.