GBSN Africa Challenge

GBSN, sponsored by Stanford Seed and AACSB International and supported by Peaqs and Em lyon, is pleased to present a virtual business plan competition for African undergraduate and graduate students. The competition will challenge student teams to design a viable business plan that addresses a locally-relevant challenge or problem related to sustainable development and Agenda 2063. The Africa Business Planning Challenge intends to assist young people from the African continent who have an entrepreneurial orientation, a desire to serve their community, and demonstrate the values outlined below. With a focus on promoting responsible capitalism, the competition will identify high potential young people for mentorship and investment. 

The competition is designed with the following values in mind:

  • 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: 

  • Mentoring from experienced entrepreneurs, business professionals and leading academic faculty members
  • Networking opportunities with student teams from across the globe, as well as experienced entrepreneurs and industry professionals
  • High-caliber, experienced judges, who are experienced entrepreneurs and industry leaders
  • Personalized, individual feedback during the project development process on the Peaqs platform
  • Competition against top students from across the globe

Projects

Student teams will engage in a four-phased project development process where ideas, products and/or services are put up for sale on a virtual stock market on the Peaqs platform. Projects will be accepted that define a challenge and/or a need and demonstrate a business idea to address it.   

All projects must address:

A community challenge or need

A business solution

A viable business concept

Implementation and impact of business solution

Award

General Information

  • The competition will be virtual and take place during a 4-week period April 12, 2021 – May 12, 2021. 
  • Teams must consist of two to four members, where at least two must be current students at an African institution at the time of the competition. Interdisciplinary teams are encouraged.
  • Each participating school must provide one mentor for every team it enters in the Challenge. Mentors will help guide teams and enrich the learning experience. One of our objectives is to build a community platform for learning–not just a competition but an opportunity for mutual support.
  • Every student team must designate one team leader. That team leader will be the main login account holder, but all team members and their information will be included in the submission form. Teams may only submit one business solution; multiple entries will not be accepted.
  • Peaqs is a web-based learning game platform that combines a project development process with a virtual stock market engine for real-time valuation and peer feedback. The competition will invite creative business ideas from young people to address a local community need or challenge identified. Student teams will engage in a four-phased project development process where ideas, products and/or services are put up for sale on a virtual stock market.
  • The top 5 teams will pitch LIVE to a panel of international judges.
  • Schools will not be charged a fee to participate in the experience. Any local expenses associated with the teams, if any, are the responsibility of the school.
  • The first place team will win a CASH PRIZE of $5,000 USD in addition to one-on-one mentoring session with a notable industry leader.

Timeline

January 29, 2021Registration Opens
March 26, 2021Registration Deadline
April 6, 2021Orientation Call for Judges
April 7, 2021Orientation Call for Student Teams
April 9, 2021Orientation Call for Faculty Mentors
April 12, 2021Opening Kick-Off Event
April 12-20, 2021Round 1
Phase 1: Concept & Problem Framing
Phase 2: Business Case
April 21-26, 2021Round 1
Phase 3: Product Description
April 23, 2021Student Team Networking
April 27, 2021Webinar/Workshop
April 27 – May 4, 2021Round 1
Phase 4: Get to Market
May 6, 2021Top 5 Teams Announced
May 11-12, 2021Finals Round
Pitch Presentations
May 14, 2021Virtual Awards Ceremony

Registration

The focus of this Challenge is to promote and support responsible capitalism for emerging markets and aims to identify high potential young people for mentorship and investment. 

  • Teams must consist of two to four members, where at least two must be current students at your institution at the time of the competition. Interdisciplinary teams are encouraged.
  • Each participating school must provide one faculty mentor for every team it enters in the Challenge. Mentors will help guide teams and enrich the learning experience. One of our objectives is to build a community platform for learning–not just a competition but an opportunity for mutual support.

Sponsors

About Stanford Seed

Seed is a Stanford GSB-led initiative that’s working to end the cycle of global poverty. We partner with entrepreneurs in emerging markets to build thriving enterprises that transform lives. 

About AACSB

Established in 1916, AACSB International (AACSB) is the world’s largest business education alliance, connecting educators, learners, and business to achieve a common goal: to create the next generation of great leaders. With a presence in more than 100 countries and territories, AACSB fosters engagement, accelerates innovation, and amplifies impact in business education by providing quality assurance, business education intelligence, and learning and development services to over 1,700 member organizations and more than 840 accredited business schools worldwide. Members of AACSB’s Business Education Alliance are part of a movement united to improve the quality of business education around the world. The collective strength of the organization is founded on diverse perspectives, a global mindset, and a commitment to making a difference. For more information, and to explore how AACSB is transforming business education for a better society, visit https://www.aacsb.edu/

About Peaqs

Peaqs is a is a blended learning platform, which allows the teachers role to shift away from one-way, classroom instruction, to a more versatile mixed classroom/online environment that can be accessed by students and teachers alike at all times from anywhere.

The platform is deployed at Bachelor, Master and MBA level across different institutions worldwide – in subjects of Marketing, Design Thinking, Digital Entrepreneurship, Innovation & New Technology and Innovation and Change. Peaqs is aimed at higher level learning institutions from entry level university to MBA. The platform is primarily developed for subjects of innovation, entrepreneurship, product development, business development and marketing- & business strategy. Peaqs is suited for any case-based type of learning, almost regardless of the subject being taught, because Peaqs is focused on being a framework for learning interactions, planning and outcomes, so you can add virtually any subject to the platform and create a stimulating learning experience for your attendees. More information, visit http://peaqs.com/

Questions?

Email Emma Martens at emartens@gbsn.org for questions or concerns.