This year marks the fourth rendition of the competition and will see students from across the NWU’s geographical footprint – and their counterparts from the Vaal University of Technology (VUT), step up to the fore and pitch their entrepreneurial ideas in the hope of realising their business dreams. Through the competition students are also motivated to become future employers and henceforth job creators by embracing the value of entrepreneurship as a career choice.
More about the competition
Heading-up the competition is the NWU’s bhive EDC and the competition format is based on similar national and internationally business challenges such as Shark Tank and Dragon’s Den. The competition will run over a period of two semesters to allow participants sufficient time to work on their business pitch whilst benefitting from several workshops aimed at strengthening both the academic and practical understanding of entrepreneurship.
The competition will be decided over several rounds during which the participants have the opportunity to view their scorecards in order for them to monitor their performance. The first round of the competition will see a total of 80 students – representative of all three of the NWU’s campuses as well as VUT – being chosen to participate.
These participants will then submit their Idea to Concept proposal after which 40 students will be invited to take part in the Business Model Canvas phase of the competition. Twenty students will proceed to the next round during which they will have to produce a video pitch and face off against each other. From here the top participants will face an independent panel of business owners, investors, successful entrepreneurs and members of academia to battle it out for a place on the winners’ podium.
Don’t hesitate. Enter today!
Undergraduate and postgraduate entrepreneurs are invited to submit their innovative and business ideas before midnight on 22 May 2020. To for information and to register for the competition, visit: http://commerce.nwu.ac.za/bhive-EDC
