Entries Open For $325,000 2016 Global Business Challenge

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Entries are now open for the 2016 Global Business Challenge where teams have the chance to pitch their innovative business ideas and take home a share of $325,000 in cash and prizes.

The 2016 Global Business Challenge is a graduate business case competition to design sustainable solutions to global problems.

The event is conducted as a partnership between Queensland University of Technology, The University of Queensland and Griffith University and with the support of government and industry. It is hosted by QUT.

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The Challenge for the 2016 GBC is to develop solutions to improve the effectiveness and cost of health care outcomes for isolated communities.

The winning team will be awarded a cash prize of $125,000, access to up to a further $AUD 2.5 million in venture investment, access to complementary Intellectual Property from partner universities and/or government and support for a commercial pilot and possible large scale implementation.

Finalists can also compete for the Queensland Health Prize, a dedicated contribution of $200,000 ($100,000 cash and $100,000 in-kind support) to support the progression of a finalists solution into a real-world pilot within Queensland Health. This prize is aimed at those solutions that can move quickly to a pilot implementation for validation. Where the prize-winner is a main GBC prize-winner it is expected that this prize will be also substantially contributed towards the pilot phase.

Entry is open to people who are eligible postgraduate students in any discipline from any university or graduate business school from anywhere in the world.

Team registrations close 5pm, Thursday, June 30 2016 (AEST).

For more information about the Global Business Challenge visit www.2016gbc.org

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Ben Ready founded MBA News in 2014 and is the Managing Editor. He is a former business and finance journalist with Australian Associated Press (AAP) and Dow Jones Newswires in London. Ben completed his MBA in 2012 and was awarded the QUT GMAA Entrepreneurship Prize. He is also the founder and Managing Director of RGC Media & Mktng (rgcmm.com.au).