How It Works
Welcome to the GI Challenge – a challenge for 15 to 25 year olds to start their own businesses.
The first of its kind anywhere in the world, the GI Challenge connects budding young entrepreneurs with the marketplace in a way never seen before. By throwing together the old and the new, we’re uncovering the next breed of business gurus on the Sunshine Coast.
Stage 1: Signing Up
Young entrepreneurs who think they have what it takes to start their own business apply to contest the GI Challenge.
Business people who recognize the potential of the ventures apply to become Investors.
Stage 2: Designing the Concept
Participants come together for a one-day event where they form teams to jointly develop a business concept over a period of weeks, with training and guidance from business mentors.
Stage 3: Making the Pitch
Participants come together for another one-day event where each team receives advice from some of Australia’s most successful entrepreneurs and then records a video-pitch to promote their venture.
Stage 4: Promoting the Venture
The Generation Innovation marketing machine swings into action to promote the ventures via social media and our media partners.
Stage 5: Raising the Funds
Eligible teams receive seed-funding up to $2500 with an opportunity to raise further funds with help from Generation Innovation.
Stage 6: Getting Started
Teams undergo business readiness training and start executing their business plans under the guidance of business mentors and with access to the capital raised for their venture.