Students are to submit a concept submission form detailing their idea, as well as a short 1-2 minute video presentation of their idea. The wellness industry is currently valued at over USD $3.7 trillion, thus providing ample opportunity for people with great ideas!
Three finalists will be flown, along with their professors, to the annual Global Wellness Summit (GWS) being held in November 2021 in Tel Aviv, Israel. Here, they will pitch their business idea to the attending Summit delegates—a “who’s who” in the global wellness world. Several business leaders will act as “Wellness Sharks” and ask questions of the students, who will defend their innovations and make a business case for its feasibility. The first, second and third place winners will then be announced on stage during the Summit.
Eligibility
The competition is open to both individuals and teams of students over the age of 18 from anywhere in the world. There is no entry fee.
The contestant(s) must be an undergraduate student (working towards a one or two year diploma, a four year Bachelor’s degree or a Vocational Education and Training (VET) qualification) or a graduate/post-graduate student (working towards a masters, MBA, JD, MD, or PhD degree) in a university or college of distinction at the time they develop and submit their concept.
The contestant(s) must be either a full-time or part-time student at the university or college.
The contestant(s) must have a professor or faculty advisor who serves as a mentor for their project.
If a team is chosen as one of the top three finalists, the team leader will be flown to Italy along with his/her professor or faculty advisor.
Rules and Criteria
Rules
Students are to submit a future-focused, innovative wellness idea, product or service that has the potential to become a profitable business venture.
Each individual or team is required to submit a Concept Submission Form in addition to a one to two minute video. The Concept Submission Form consists of several questions on details of the idea and its viability. The video should include a presentation of the idea, focusing on why the innovation could positively impact the wellness industry and how exactly it could become a viable business.
Video Criteria
Video length: Video must be between one to two minutes.
Video submission: Video must be uploaded on the contestant’s YouTube or Dailymotion account
The video must contain only original work and not be subject to any copyright restrictions. All entries become the property of the Global Wellness Summit, which retains the right to publish the entries in all media formats including but not limited to print, digital, and broadcast. Entry creators and the GWS will be acknowledged in all published versions.
Prizes
First Prize: One (1) first-prize winner will receive USD $5,000
Second Prize: One (1) second-prize winner will receive USD $3,000
Third Prize: One (1) third-prize winner will receive USD $2,000
Total value of all prizes is USD $10,000.
Last date for submission: July 31, 2022 (12:00 pm GMT)
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