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Global Business Challenge 2015, Australia

Deadline:

June 26, 2015

Disciplines:

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The challenge for the 2015GBC is to design sustainable solutions to aid the achievement of global food security through the doubling of food production by 2040.

The Competition

Competing teams will face off over two rounds to progress to the finals to be held in Brisbane in 3rd-6th November 2015.

Round 1 is a virtual round - open to teams of postgraduate students from both business and technical disciplines - where they with pitch their 'conceptual business solution' comprising a combination of new technologies and innovative business and financing models. 

Six finalist teams will be selected to come to an intensive 2 day lock-in phase where they will be required to address a series of specific constraints reflecting real-world issues in order to make their solution a reality. Finalists will present to a judging panel of global CEOs and financiers. Finalist Teams will compete for a share of $AUD 125,000 in prize money.  

The challenge for the 2015GBC is to design sustainable solutions to aid the achievement of global food security through the doubling of food production by 2040.

The competition adopts on two underpinning themes:  diversity and collaboration.

The competition aims to encourage as much diversity in solution designs as possible. Just as there are no single right answers to complex problems, the nature of the issued challenge demands teams to look for highly innovative technologies and design novel business and financing models, that in their different configurations, maximises economic, social and environmental benefit.

Solutions will comprise any combination of new technology (including existing technologies implemented in new ways) and novel business and financing models to deliver achievable, practical and high impact outcomes.

A unique element in the design of the competition is that of collaboration. Collaboration between business schools, universities, the research community as well as industry – irrespective of their location – will help teams formulate their best possible solution.

This means that teams are not restricted in team make-up (we encourage both business and technical graduate students) as well as the inclusion of multiple proposed technological solutions from any technology provider (not just those from their own institutions).

Official Rules – 2015 Global Business Challenge.

The Global Business Challenge (the “GBC”) is being conducted as a partnership between Queensland University of Technology, The University of Queensland and Griffith University and with the support of government and industry. The 2015 GBC is organised and hosted by Queensland University of Technology Graduate School of Business (the “Organisers”).

The organisation of the GBC is aided by the support of an Advisory Board which includes representatives of the partner institutions and government, in addition to a Technical Advisory Committee of pre-eminent experts as well as student volunteers.

Team Members

Participating students within a team must meet the enrolment criteria being either:

  1. Currently enrolled in an eligible program of study OR

  2. have been enrolled in an eligible program of study  during 2014.

An eligible program is any business or technical discipline based postgraduate program of study (such as MBA, Masters Degrees or other relevant post-graduate degree programs in business or technical disciplines).

Proposed team members not meeting these criteria may only participate with special permission of the organisers.

Team Composition

Team membership shall comprise a minimum of three  (3) student members and a maximum of four (4) student members plus a  nominated alternate member in the event of illness of one of the core team members.

For teams to be as competitive as possible we strongly encourage a multidisciplinary approach with teams comprising students across multiple disciplines where possible.

Teams are encouraged to collaborate to the extent necessary to ensure they have designed a proposed solution of maximum impact related to the stated challenge.

This collaboration may be achieved in a number of ways:

  • Teams may include eligible students from multiple universities or graduate business schools

  • Teams must have a coach who is a staff member of a represented university. The role played by the coach is entirely up to the team.

  • Teams may collaborate with one or more mentors/advisors such as technical or business experts

  • Teams may include one or more technology solutions from one or more organisations including universities, research organisation or industry organisations. 

In order to maintain the integrity of the competition, collaborators are limited to providing expert business or technical guidance or advice and other similar indirect assistance and are NOT permitted to assist in authoring or directly preparing any material submitted by Teams for judging in the competition.

Any team not adhering to these limitations on collaboration may be deemed by the organisers as having breached the competition Code of Conduct resulting in disqualification in not adhering to the spirit of the competition.

Registration Page

Team registrations close 17:00 Hrs Wedneday the 30th June 2015 (AEST). Late entries will NOT be considered.

To be a valid team registration, teams MUST:

* have a maximum of 4 eligible graduate students (any discipline)

* a nominated coach who is a staff member of your participating university

If you are a Technology Provider that own the rights to new or exsiting technologies that contriobute to the objectives of the 2015GBC you may profile your capabilities here. This will allow teams to identify potential technology collaborators in formulating prospective solutions. Technology Providers may register at any time.

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Prize

Winning team will receive AUD 125,000 (around EUR 85,000) for the project. Non-Australian teams selected for the final will receive travel assistance in amount of AUD 12,500 ( around EUR 8,500) per team.

 

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