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Virtual Company Creation Challenge – call for UiB students

Create a business model (your dream business idea?) and compete in the European final - win a trip to one of our European partners! All students at UiB are welcome to participate. Deadline 21st April.

Virtual company creation
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Create a business model (your dream business idea?) and compete in the European final -  win a trip to one of our European partners!

This a competition for early phase business ideas, not already established or registered businesses. Creativity and a solid business model will be evaluated by an international jury, but there is no requirement to establish the business idea as a company as a result of the competition. This is an opportunity for you as a student to learn how to create a business model and to get feedback from a professional jury on your business idea. 

Who can participate:

All students at UiB are welcome to participate. It is a big advantage if you work together in a team.

How to participate:

  1. Create a business model (you can use Sustainable Business Model Canvas (see image) as a starting point).
  2. Upload your business model here by April 14.
  3. If your idea is chosen you will get a mentor and will have to make a video pitch by April 20. See video making guidelines and what your video pitch needs to cover further down.
  4. If you win the European finals, you win a trip to an incubator at one of our partners in the Arqus alliance.

When:

Deadline to submit business idea: April 14, 2021
Deadline to submit video pitch (if you are chosen): April 20, 2021

 

VIDEO MAKING GUIDELINES – TECHNICAL INFORMATION

  • Maximum length of 3mins
  • The videos will be posted to Arqus’ YouTube platform
  • The ideal minimum quality will be 1080p
  • The video should be in English
    • Local language or English subtitles can be added
  • Please record in landscape mode to avoid black sidebars when uploaded to YouTube
  • To each video will be added by the postproduction team in Lyon:
    • The video bumper/logo of Arqus
    • A standard opening/closing visual (like last year)

CONTENT TO BE COVERED DURING THE VIDEO PITCH

Goal - during the pitch briefly, present your project (based on the business model canvas’s building blocks). Be sure to cover:

  • your company’s vision and mission statement
  • your team composition and explain what each person brings to the table
  • the problem addressed and value proposition
  • a first idea of the expected costs and revenue streams
  • customers…