Funding brief: The Diamond Challenge is run by Horn Entrepreneurship at the University of Delaware to empower the next generation to adapt and thrive in a rapidly changing world. Learn more about why tens of thousands of students have engaged with them!
If the primary purpose is to solve a customer problem that by doing so will generate revenue and profit, then the business innovation competition is right for you.The business innovation competition focuses on the development and validation of new business models.
If the primary purpose is to solve a social problem and make a positive impact on people or the environment, then the social innovation competition is right for you.The social innovation competition focuses on the development of new, social innovation models that may include revenue-generating nonprofit organizations and mission-driven, for-profit ventures.
Partner organizations around the world work with the Diamond Challenge team to host pitch events and provide additional opportunities for participating students. In the process, pitch event hosts act as a catalyst for building local entrepreneurial ecosystems within their classrooms, schools and communities.
The Diamond Challenge is offered as a philanthropic education initiative by Horn Entrepreneurship at the University of Delaware. As such, it provides free, open-access resources for students, educators and practitioners of entrepreneurship. Participation in the Diamond Challenges involves learning from the pursuit of new ideas. It also involves the creation, submission and presentation of original content in the form of business and social concepts. All submissions and presentations are granted consideration by the Diamond Challenge leadership team under the basic understanding that:
● Each Diamond Challenge submission and presentation represents an original work that has been created by a team of 2-4 high school students;
● Team members have the authority to submit/present their original work by virtue of their ownership of the content (or the expressed permission of any non-participating content owners);
● The submission/presentation does not disclose any third party intellectual property or violate any existing copyright protections;
The Diamond Challenge leadership team maintains sole discretion to interpret, modify or eliminate any of the competition’s terms, rules and conditions at any time and without notice.
That said, the primary purpose of the Diamond Challenge’s terms, conditions and rules is to provide equality of opportunity while also promoting a positive and impactful learning experience for all participants.
Donor Name: University of Delaware
Funding name: The Diamond Challenge
Deadline: December, 30th, 2018
Funding details link: Click to view
● Semifinalists receive an invitation to travel to the University of Delaware to compete in the semifinal round. Top prizes include additional funding that may be used to support the team’s idea or serve as a scholarship to attend any school in the world.
● Semifinalists are awarded an in-kind prize package worth up to approximately $2,100 per team that includes tickets to the Summit, hotel accommodations for up to three nights, meals during the conference, and access to speakers, mentors and innovators
● The Diamond Challenge is not responsible for covering any costs associated with traveling to or from the Summit. Semifinalists must identify the necessary funding to and from the Summit in order to attend.
● 1ST place: A prize package worth over $13,000, including the $2,100 in-kind semifinalist prize package
● 2ND place: A prize package worth over $9,000, including the $2,100 in-kind semifinalist prize package
● 3RD place: A prize package worth over $5,500, including the $2,100 in-kind semifinalist prize package
Project start date: Not Found
Project duration: Not Found
Eligible organization: As below
● High school students around the world can compete in the Diamond Challenge.
The Diamond Challenge is a completely free competition.
● Teams must be comprised of 2-4 high school students typically between 14-18 years of age at the time of the submission deadline, and must be enrolled in an official high school/secondary education institution for the duration of the Diamond Challenge
● Teams require one teacher or adult advisor (18 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
● Any given student may participate on just one team (and therefore submit just one concept) per competition cycle/year
● Teams may be comprised of students from more than one school
● Only concepts that have been conceived by the members of the team may be submitted to the Diamond Challenge. If a submission has also been conceived by members not participating in the Diamond Challenge, their full legal names must be disclosed upon registration so as to avoid potential conflicts of interest and/or potential legal challenges at later stages of the competition
● Businesses and social concepts must NOT have generated more than $100,000 in total revenue prior to the submission deadline.
Eligible Country: No Country Bar Found (Open to all regions)
Submission mail: firstname.lastname@example.org
Other important link:
● About: Click to view
How to apply: Student teams are required to submit no longer than a 5-page written concept.Student teams are required to submit a pitch deck comprised of no more than 15 slides.
● All submission information must be submitted in English.
● Each team leader, team member and advisor email address submitted must be a different email address and must be a real email address. The submission will not render correctly unless all individuals have a unique email address; moreover, important competition correspondence may be delayed or lost in reaching members if individual email addresses are not provided.
● Required written concept papers are strictly limited to 5 pages, not including a cover page. If a submission exceeds this limit, only its first 5 pages will be evaluated. Submissions must maintain 1-inch (2.54 cm) margins and use 12-point font. All written innovations must be formatted as a csv, doc, docx, or pdf file.
● Pitch decks must be no more than 15 slides in length, with a recommendation of 10 slides. All pitch decks must be formatted as a ppt or pptx file.
● To eliminate the potential for judging bias, teams will be assigned a submission number (also known as the Concept ID), which should be listed on the cover page for the written concept paper 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 paper, 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 email@example.com prior to submission. Failure to abide by this non-disclosure rule will result in a significant point deduction from the team’s score.
● Submissions that have made it to the semifinal round in a previous season may not be resubmitted to the Challenge.
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