GBSN Africa Business Concept Challenge for African Students 2024

Are you an African undergraduate or graduate student with a passion for entrepreneurship and community service? The 4th annual Africa Business Concept Challenge (ABCC) is now open for applications. This virtual competition seeks to help young African students develop viable business concepts that address local challenges in alignment with Agenda 2063 and sustainable development.

The competition, organized by GBSN, aims to identify high-potential young entrepreneurs and provide them with mentorship and investment opportunities. It also promotes responsible business practices and values.

SUMMARY:

• Organisation: GBSN, Africa
• Program Location: The Challenge will be virtual
• Program Duration: 5-week period
• Available Slot: Several
• Basic Qualifications: Undergraduates & Graduates
• Nationality: African Students

Eligibility Criteria

The following requirements must be fulfilled for the GBSN Africa Business Concept Challenge:

• 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.

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.

Benefits of participating in the competition:

• Societal Impact: The Challenge offers a chance to make an impact on local community problems.
• Networking: Opportunities with student teams from across the globe, as well as experienced entrepreneurs and industry professionals
• Mentoring & Industry Experts: High-caliber, experienced judges, who are experienced entrepreneurs and industry leaders
• Structure, Feedback & Guidance: Personalized, individual feedback during the project development process from Team Advisors

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

• A community challenge or need
• A viable business concepts
• A business solution
• Implementation and impact of business solution

Application Procedures

How-to-Apply: Interested and eligible candidates seeking for GBSN Africa Business Concept Challenge for African Students should fill and Submit application form for the 2024 ABCC Student Teams application.

NOTE: Teams are required to have a general idea of a business concept ready to complete the application form. For more information, please see the FAQs tab.

Application Deadline: March 05, 2024

Visit the Official Website for Further Details