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conradchallenge.org

Oct 15, 2020 2020-10-15

Funding & Recognition

Competition Encouraging Entrepreneurial Problem Solving

Sponsored by the Conrad Foundation, the Conrad Challenge is a multiphase innovation and entrepreneurship competition that encourages young adults to participate in designing the future through purpose-driven education. Each year, teams of two to five students, aged 13–18, from around the world create products or services to address some of the most pressing global and local challenges. They become entrepreneurial problem-solvers, addressing challenging social, scientific, and societal issues using their creativity and critical thinking skills. Participants work together to identify challenges and develop solutions to some of the world’s most complex problems in any of the following categories: Aerospace & Aviation, Cyber-Technology & Security, Energy & Environment, Health & Nutrition, Smoke-Free World (with two special categories), and Oceans: The Plastic Problem. Teams may submit in multiple categories.

The competition has three rounds: In Round 1, students research global and local challenges within their chosen category. Then teams create a product or service to address the challenge. To support development, registered teams and coaches are given access to the Conrad Design Method No Box Toolbox community with brainstorming processes and instructional videos, as well as access to subject matter experts and use of NASA technology. In Round 2, teams develop a business plan outlining their innovation and create a strategy to introduce their product or service to market. In Round 3, the foundation will host either a virtual or an in-person Innovation Summit to celebrate the 2020–2021 finalist teams. Government and health guidelines surrounding the COVID-19 global pandemic will determine the format. The challenge website provides an updated list of Summit prizes to best celebrate and benefit student teams as they focus on continued education and innovation.

Deadlines: Round 1—team registration and investor pitches are due by November 6, 2020, at 11:59 p.m. (ET). Round 2—teams will be notified of acceptance into Round 2 by November 13, 2020, at 3:00 p.m. (ET); business plans should be submitted by January 8, 2021, at 11:59 p.m. (ET). Round 3—plans for the April/May 2021 Innovation Summit will be announced by February 1, 2021.

Entrepreneurial Education Problem-based Learning 21st Century Themes Global Awareness

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