The Diamond Challenge: Just Not a Chance to Win Monetary Prizes, but also a Learning Platform for Future Entrepreneurs

The Diamond Challenge will open in September of 2014 for students to register in teams (with a teacher or mentor per team to advise the students) and use the video curriculum to learn entrepreneurial skills.  This is an opportunity to explore entrepreneurship as a viable career path and learn the valuable skills to prepare oneself as future entrepreneur.

Steps

• Register in a team of 2-4 student members and a teacher to advise them.
• Learn from the curriculum consisting of 12 short videos that guide through the process of developing a new business concept.
• Submit 3-5 page business concepts to participate in the competition.
• Pitch the concept in front of judges.
• Win Prizes!
• Pursue the business concept or use the prize money for higher education!

The evaluation is conducted in two rounds

1. Preliminary Round – All selected written concepts will be presenting their pitch.
2. Final Round – Concepts selected from the preliminary round will move on to compete for the top prizes.

Prizes

• First Place- $7,500 for the first place team. $1,000 to the team’s school/sponsoring teacher to fund entrepreneurial education initiatives at their school.
• Second Place- $5,000 for the second place team. $750 to the team’s school/sponsoring teacher to fund entrepreneurial education initiatives at their school.
• Third Place- $2,500 for the third place team. $500 to the team’s school/sponsoring teacher to fund entrepreneurial education initiatives at their school.
• Social Impact Prize- $2,500 to the team that presents the concept with the greatest social impact potential.
• Finalist Prizes- $500 to each team selected to compete in the final round.
•  The teams that pursue their ideas also receive additional in-kind services (legal, accounting, incorporation etc).

For more information, please visit Diamond Challenge.