Overview
Following the remarkable success of last year's Bossladylaw business challenge held in Awka, Anambra State, we are thrilled to announce that the stakes have been raised for this year's event.
The season 2 Bossladylaw challenge is set to go nationwide, promising an even bigger platform for aspiring entrepreneurs to showcase their talents and innovations. The first stage of the competition will be online and top 10 teams will advance to final.
Student Team and Requirement
- Teams coming to the final must comprised of 2-4 high school students typically between 14-19 years of age at the time of the submission deadline, and must be enrolled in an official secondary school in Nigeria for the duration of the Bossladylaw Business Challenge
- Teams require one adult advisor (21 years of age or older) who is in a position to provide the opportunity to participate and broadly available to offer support to the team. Teams may have more than one advisor, however, only one may be included in your official team submission. The advisor you include will be considered a main point of contact for the competition.
- Students from schools that did not register for Bossladylaw Business Challenge, can form a community team made of other secondary school students
Mentoring a Team
BBC is designed to assist Secondary school students in developing their entrepreneurial skills by helping them build a business idea and compete against other student teams for prizes. Because BBC is a student competition, the student(s) must be at the core of the submitted business idea and must play the major role in formulating the presentation.
BBC is a student business idea competition and is based on the work of students. Parents, mentors and coaches have the unique opportunity to cultivate strong learning opportunities by supporting student-driven work.
Pitch Presention Rules
For both the online and final competition
- A required written concept narrative of your project which is strictly limited to 3-5 pages double-spaced,should b submitted to the judges
- The judges are giving 5mins to go through it,while you set up ur system and prepare for your presentation.
- To eliminate the potential for judging bias, teams will be identify with their team name or project name. which should be listed on the first page of the written concept narrative and the first slide of the pitch deck presentation. Participants must avoid listing or
disclosing the names of the schools they represent in their written concept narrative, pitch deck, and during their presentations unless the school constitutes a critical element of their concept.
Questions about whether the school constitutes disclosing the school name as a critical element of the concept should be directed to info@bossladylawchallenge.com
Failure to abide by this non-disclosure rule will result in a significant point deduction from the team’s score - Pitches are strictly limited to 10 minutes. Teams are free to use their creativity as they see fit to best portray their concept, which includes presentation software (e.g., PowerPoint, Keynote), as well as display boards, prototypes, images, sounds, motion graphics, etc
- Judges’ questions and team member responses will be strictly limited to 5 minutes.
Powerpoint Presentation
This presentation will be used by the team when they present to the panel of judges at the all stage of the competition event. Each team will need to have 5 minutes of presentation material (covering the four business components) and be prepared to answer 5 minutes of questions from the judges. There is no limit on the number of slides; however, teams will be cut off once time is up, regardless of the content they have covered.
Prototype
Each business idea needs a prototype. A successful prototype does not need to be expensive or perfect. However, it needs to clearly demonstrate how the product or idea would help solve the identified problem. If the project proposal improves a product that is already made, explicitly show how the changes made will affect the efficacy of the product.
A prototype can be (but isn’t limited to) an app, website, technology, machinery, cardboard example or a sketch. Prototypes will range greatly depending on the team’s idea.
Judging Criteria
A panel of community leaders, college entrepreneurs, venture capitalists, lawyers, bankers, accountants and inventors will judge the student business ideas submitted. Judges will evaluate the submission based on the four business idea components. They will be looking for the following:
- How clearly is a problem or opportunity identified?
- Is a solution described to meet the opportunity or solve the identified problem?
- Is a customer identified for the proposed solution or idea, and is there a clear amount of how many will be positively impacted by the idea?
- How clearly does the prototype illustrate the idea or business? Note:There will be an award for the people choice award,which will be done online,allowing the public to vote by clicking the love button/icon on the Bossladylaw Business Challenge facebook page, This voting will be based mostly on the x factor for each presentation.
Bossladylaw Business Challenge S2 Judging Scoring Rubric is available Download
