Do you have a problem?
New business competition for students seeks problems to solve
Date: 28 March 2014
A new competition at London Met is challenging business-minded students to come up with a problem.
The Big Idea Challenge is a business competition open to London Met students and graduates (up to 5 years) from all Faculties.
Run by the Student Enterprise programme at London Met, the Challenge is an extension of London Met's Annual Business Plan Competition, and carries a prize pool of £30,000.
All you need to have is a problem.
During the first stage of the Big Idea Challenge, students are invited to share problems they'd like to solve to win cash prizes. At this stage you only report a problem, no matter big or small, important or irrelevant.
You don’t even need to provide a solution to the problem!
Successful students will then take part in the second stage of the challenge, where they will work with experts to solve the problems, develop their concepts and learn about marketing, sales and promotion.The categories for winners are:
- Most creative
- Social or Ethical
- Judges’ Favourite
The winners of the second round will receive big prizes and, if they decide that they want to take their idea forward as a business, the Enterprise Programme in Accelerator London will provide them with support and a place in their start-up Hatchery.
You can find more examples and other student’s problems on Facebook or Twitter.