Australian eChallenge Social Enterprise
You can be the difference. The Australian eChallenge Social Enterprise stream, with the support of Rotary Club of Norwood Inc., is designed to support social entrepreneurs as they create positive change in the social sector. Social enterprises must engage in the process of continuous innovation, adaptation and learning so that they can create and sustain social value.
Innovation is the Key
Social enterprises develop and apply innovative strategies to important social and economic problems to address some of society’s biggest issues. Through the Australian eChallenge they will be encouraged to recognise and pursue new opportunities in order to serve their mission.
The Australian eChallenge Social Enterprise is run by the Entrepreneurship Commercialisation and Innovation Centre (ECIC) at The University of Adelaide. The Australian eChallenge programs have stimulated entrepreneurship in Australia since 2001.
The Australian eChallenge provides a proven teaching and learning environment that exposes participants to:
- the world of commercialisation
- entrepreneurial leadership
- entrepreneurial strategy development
- strategic business planning
- venture financing
The Australian eChallenge is based around the development and submission of a comprehensive strategic business proposal for the development of an early stage entrepreneurial venture. Participants pitch their opportunities to panels of potential investors from the local business community. It is a program where entrepreneurial teams compete for prizes and the prestige of being nominated the most outstanding Australian eChallenge entrepreneurial venture for the year.
This 12-week program is a hands-on, experiential course based on the successful innovation process developed by The Entrepreneurship, Commercialisation and Innovation Centre (ECIC). Each week you will be taken through workshops on topics ranging from entrepreneurship, market research, product idea generation and business finance. In addition to learning from successful South Australian Entrepreneurs, you will the opportunity to seek market validation at our Venture Showcase.
At the conclusion of the workshops, the teams submit a product development brief and following that they pitch to a panel of judges. Successful teams are then invited to compete in the finals. The finals judging includes a second oral pitch. The judges are looking for business innovations that have commercial viability based on the quality of the opportunity, the market, competitive advantage, and the team strengths and weaknesses.
Who is eligible to enter?
Teams of 2-6 people:
- Academics and students from any South Australian university
- Business professionals
- General community