Deadline: April 1, 2016 | Apply here
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The Global Challenge Virtual Preliminary encourages students to develop their entrepreneurial ideas and showcase their creativity, as well as enhance their understanding of the requirements for a successful business venture.
University teams will test their business concept by confirming that their idea meets a customer need, occupies a differentiated position in the marketplace, and has a viable business model and value proposition. The winner will advance to a week-long celebration of entrepreneurship at the VT KnowledgeWorks Global Student Entrepreneurship Challenge in the USA and compete on a global stage for the $25,000 grand prize. Institutions can use this one-page flyer to advertise the Global Challenge Virtual Preliminary to their students.
Eligibility:
- The Virtual Preliminary is open to institutions who have never participated in a former VT KnowledgeWorks Global Student Entrepreneurship Challenge. Review the lists of university partners from 2010-2015 to ensure your university hasn’t previously competed in a VT KnowledgeWorks Global Student Entrepreneurship Challenge in August.
- All participants must be full-time university students from a non-U.S. institution and cannot be from an existing VT KnowledgeWorks Global Partner institution. You must be a full-time university student at the time of application, which is April 1, 2016.
- Participants may elect to work in teams of up to five members.
- Applicants must not have received cash investments from private investors, government agency funding beyond research grants, nor offered product(s) for sale except in market survey mode as of April 1, 2016, which is the application deadline.
- Presentations must be made in English for the Virtual Preliminary. Presentations will also be made in English before a live audience, if you win the preliminary event, and advance to the Global Student Entrepreneurship Challenge in the USA, August 14-20, 2016.
Prizes: The winner of the Virtual Preliminary will be reimbursed up to $5,000 in travel expenses for coach airplane tickets to the Roanoke-Blacksburg Regional Airport, in Roanoke, Virginia to participate and compete in the Global Student Entrepreneurship Challenge to be held August 14-20, 2016. The winner will be registered for the August finals, which is a week-long celebration of entrepreneurship in the USA, where student teams from around the world will present their business ideas for a $25,000 grand prize.
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