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Global Business Challenge
October 01, 2020

THE 2020 CHALLENGE ‘RESOURCE RECOVERY’ The challenge for the 2020 Global Business Challenge is to ‘develop novel and sustainable solutions to aid in resource recovery and promote the circular economy’.

Description
The challenge for 2020 is to ‘develop novel and sustainable solutions to aid in resource recovery and promote the circular economy’.
Proposed solutions may cover any domain within the theme and one or more points within the value chain.

Proposed solutions may include any combination of new technologies as well as novel business models that support widespread adoption and successful commercialisation. As outlined in the challenge statement, proposed solutions that result in:

Waste reduction;
Reduction of greenhouse gas emissions and/or;
Reduction in greenhouse gas emissions
Improved better environmental outcomes

Format
The competition is to be run over two rounds. Round 1 is a virtual round comprising a virtual pitch and the submission of a 5 page Executive Summary of the proposed “Concept Solution”. Round 2 (Finals) comprises an intensive weeklong competition round held in Brisbane, Queensland.

The finals process involves:

A 48 hour lock-in phase where teams need to develop a business case for a hypothetical application for their proposed solution. This hypothetical may be determined by the awarding prize giver/s from our industry and government partners based on specific business objectives of the Partner.
Innovation Showcase where finalist teams and researchers present solutions around the challenge theme.
A CEO pitch (20 Minutes Plus 20 minutes Q&A defence)
The winners are announced at the Gala Dinner at the conclusion of which the following year’s challenge is officially launched.
Prize
Winner: $AUD100,000
2nd Place: $AUD15,000
3rd Place: $AUD10,000