is coming to Italy
The Australian eChallenge, powered by The University of Adelaide, is offering Italian students an opportunity to launch their entrepreneurial ventures in South Australia.
Since 2001, the Australian eChallenge has been stimulating new business prospects and encouraging young entrepreneurs to have a go at starting up their own business. Since its inception, the Australian eChallenge has had over 2370 participants in 530 start-ups with total cash and prizes worth more than $1.3 million.
Tapping into the South Australian
The Australian eChallenge is a new venture accelerator run by the Entrepreneurship, Commercialisation and Innovation Centre (ECIC) and is targeted at university students from any discipline. The Australian eChallenge requires teams of two to six participants to develop a business plan for a new, previously unfunded concept.
The Australian eChallenge provides a proven teaching and learning environment that:
- exposes participants to the world of commercialisation
- fosters entrepreneurial leadership
- guides entrepreneurial strategy development
- teaches strategic business planning and venture financing
Participants attend a series of workshops and are supported by a mentor from the South Australian business community. The concept proposals developed by the teams are judged by high profile executives from the government and business community. The Australian eChallenge offers great
Each year the competition draws tremendous interest and support from sponsors, mentors and judges from the business community who are keen to promote innovation and new business talent. Over the years, there have been a number of success stories that started as a concept and developed into a real business by taking part in the Australian eChallenge.
Our Unique Offering
To ensure participants have all the necessary tools and are geared for success, the Australian eChallenge participants are given access to a specially designed online environment developed by the Entrepreneurship Commercialisation and Innovation Centre (ECIC). Participants have access to the Australian eChallenge course containing class notes, readings, video and PowerPoint presentations. There are approximately 8 modules covering all aspects of business planning.
Benefits for Participants
The products and services that the business plan revolves around are expected to be genuine commercial opportunities, and the work done by the participants in researching and developing the plans are based on actual markets.
The program provides participants with:
- a better understanding of the processes involved in business development
- the ability to assess business opportunities
- the ability to assess new business propositions
- an understanding of what is required to commercialise innovative technologies
- the skills necessary to compile a business plan
- the skills to make effective presentations to financiers or Board of Directors to obtain funding and/or support for projects
- clear milestones for venture teams
- a strong mentoring foundation
- realistic investment experiences
- key learning and support resources
- launch pad for ventures both locally and internationally
- opportunity to network with the business community.