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 2020 GI Challenge.
Stage 2: Originate
Participants come together for a one-day face-to-face Originate Summit where the Entrepreneurs develop their business concepts over several weeks with training from the GI team and guidance from their Mentors. After the Summit, the Entrepreneurs attend two virtual Bootcamps. At these Bootcamps, the Entrepreneurs will refine their business ideas, build out their business models and kick start Market Research.
Stage 3: Polish
During the Polish phase, the Entrepreneurs work with the Generation Innovation team, their Mentors and a number of specialist Gurus to finalise their business concept. They will also start planning to pitch their Ventures to a Panel of local business experts.
Stage 4: Business Panel
Entrepreneurs present their Ventures to the Shortlisting Panel and hope to secure a place as one of the top three finalists who will continue on in the 2020 GI Challenge.
Stage 5: Develop the Pitch
The top three finalist Ventures will work with GI's videographer and marketing team to develop their Video Pitch. The Video Pitch will showcase the Entrepreneur's Venture and is their final opportunity to take a shot at the $10,000 prize package.
Stage 6: Innovate Awards
The top three Ventures will be judged by a Panel of business experts and young entrepreneurs and one will be the winner of the 2020 GI Challenge.