The 4th Annual Africa Business Concept Challenge (ABCC), a prestigious virtual business concept competition intended 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 to produce solutions that support inclusive and sustainable development and are in line with Agenda 2063.
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 is pertinent to your community.
The Competition’s Fundamentals
- Encouraging ethical Business: With an emphasis on ethical business practices and employment development, the ABCC is dedicated to discovering and training young entrepreneurs with great potential.
- Values-Driven Approach: The challenge supports principles such as moral business conduct, global perspective, and the view that business is a public trust with social responsibilities.
Development and Assessment of Projects
- Three-Phase Development Process: An investor expert will critically assess your business concept and provide insightful recommendations.
- Project requirements: Your idea must pinpoint a local need and offer a workable commercial solution. Look through the Top 5 Projects from the prior year for ideas.
Topics Your Project Should Cover
- A need or difficulty facing the community.
- A commercial solution based on a workable idea.
- The business solution’s impact and implementation.
Advantages of Taking Part
- Impact on Society: Have a major influence on issues facing the local community.
- Global Networking: Make connections with student organizations throughout the globe and establish connections with seasoned business owners and professionals in the field.
- Mentoring by Industry Experts: Learn from esteemed judges who have extensive experience as business owners and executives in the field.
- Structured input: Team Advisors will provide you with individualized input as your project is developed.
Procedure for Registration
- Competition Format: This is a five-week virtual competition.
- Teams consisting of two to five people, a minimum of two of whom must be enrolled students from African universities. Multidisciplinary groups are welcomed.
- Each team is required to designate a Captain for communication and a Faculty Mentor to provide direction.
How to Utilize
Visit the GBSN Africa Business Concept Challenge’s official website to take advantage of this chance. Recall that the deadline for applications is March 5, 2024.
Finally
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.
Sources: Allschoolabs, Myschoolgist
