The challenge for the 2019 Global Business Challenge is to ‘develop disruptive solutions to enhance customer value and improving trust between the customer, the broader community and the financial sector’.
4 February 2019
Round 1 Submissions Close and Registrations Close:
14 June 2019 [23:59 UTC +10]
1 July 2019
Finals (held in Brisbane, Australia):
30 September till 3 October 2019
Seven finalist teams from around the world shared their solutions to the challenge of ‘smart cities’ at the fifth Global Business Challenge (GBC) graduate business case competition in Brisbane.
Competing for $200,000 in total prizes, teams put forward an array of solutions to this year’s challenge: to develop novel and sustainable solutions through application of smart technologies and new business models to improve safety and well-being of the public in urban environments.
Congratulations to Team R-Evolution from Université Laval in Canada who were awarded the first prize of $25,000 for their idea for a platform to decompartmentalise various municipal programs and implement a reward system for citizens who adopt eco-responsible behaviours.
Team Gauntlet from the European School of Management and Technology in Germany, were awarded the second prize of $15,000 in addition to the GBC Project Prize of $75,000 to support their idea of a smart wristband, which doubles as an entry ticket and emergency services tool in case of evacuation at festivals and concerts.
Team Feros, from combined universities of Carnegie Mellon University and University of Oregon in the US, were awarded third prize of $10,000, in addition to $5,000 from GBC sponsor, Concept Safety System, for the best display booth at the Innovation Showcase held during the finals week.
Team FRED from the University of Pittsburgh in the US won the Queensland Government Prize of $75,000 to support the commecialisaiton of their open-source agent-based modelling system for exploring the special and temporal patterns of epidemics.
The 2018 Global Business Challenge experienced a high level of participation of teams from around the world. This year saw participation from 134 teams, representing 52 universities from 25 countries.
A big congratulations goes out to all teams for making into the finals, with an intensive lock-in period and a presentation in front of a panel of five judges from industry and government. It was an incredible effort which all should be proud of.
The Global Business Challenge (GBC) is being conducted as a partnership between QUT, The University of Queensland and Griffith University and with the support of government and industry.
The 2019 GBC is hosted at the University of Queensland, with the event being managed by, QUT (The Organisers), with the assistance of an Advisory Board, Technical Advisors, executive judges from industry and government as well as our many student volunteers.
The objective of the GBC is to leverage the exceptional intellectual talent from the worlds’ top business schools and universities to solve a major global problem. The competition is designed to challenge students to formulate business solutions for globally relevant and contemporary ‘wicked’ problems with global significance. Importantly, the GBC is designed to foster cross-border and cross-discipline collaborations to create solutions that capture emerging transformative business opportunities for industries, regions and countries.
Solutions will consist of a combination of new and emerging technologies, as well as novel business models to support commercialisation and global adoption of these solutions. Industry prizes are specifically targeted to support finalist teams, or their collaborators in their commercialisation effort. As collaboration is a key pillar of the competition, teams are encouraged to have strong collaboration with technology providers, from research and industry and government organisations.
As the first and largest competition of its type in the world and its partners have committed to host the event for an initial seven year period. This will see the GBC has become the new benchmark in Graduate Case Competitions with a focus on delivering implementable and practical solutions to the world’s biggest challenges.