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GYEC

Global Youth
Entrepreneurship
Challenge

Rules and Guidelines

  The Global Youth Entrepreneurship Challenge (GYEC) is a business idea competition for high school students. You can join anywhere as long as you are a high school student (14-19 years old) and have access to the internet. However, there are certain rules and guidelines you need to follow.
  Please check the following terms and be ready to compete fairly. If you break the rules, you will either lose points or be disqualified for the worst case.

Eligibility

A participant must attend a high school and be between the ages of 14 to 19 years on the day of the competition, and each team should consist of up to 8 eligible students (minimum 3 students). Members of a team can be from different high schools. 3 teams are maximum number of each country's participation and if your county has more than 3 entries, your eligibility will be decided based on the primary selection on April 23, 2022. You can not compete in the GYEC unless you are chosen to be 3 representative teams based on the scores of this primary selection.

Primary Selection

 If you are not from Japan, Indonesia, Malaysia, Mongolia or Turkey where representative teams are selected at national competitions, you must attend this session. The primary selection is a mock competition and plays the role of your national selection. Based on the score of this session, 3 teams representing your country will be selected. However, when there are less than 4 applicant teams from your country, the primary selection will become your practice session and your team will automatically proceed to the Final Selection.
 At the primary selection, you will experience a 12 hour competition on the same time schedule as the Final Selection. Please note that if you send your submissions before the deadline, you can finish the competition within earlier than 12 hours.

Venue and how to participate

All teams should arrange themselves a venue which is suitable to compete for 12hours in the online challenge. We encourage team members to gather and work in the same place. However, due to the new coronavirus outbreak, depending on your country's situation, you can gather online using remote conference apps in order to reduce the risk of coronavirus infection. In either case, you need to secure reliable internet access and e-mail capability in order to compete in the online challenge. All members of your team should be working for 12 hours together during the competition.

Submissions

Each team must submit:
1) 3 photos in which we can confirm all of the member’s participation
* If you gather online, send a screen shot photo of the video meeting with everyone.
2) a 2-page business plan, , single spaced, minimum size font 11 pt.
3) a 3-minute video presentation with a 3D prototype model or a 2D illustration of the business idea.
4) a post cometition questionnaire: All the members of the team need to answer the questionnaire after the competition. This will also become an evidence of each member’s participation.

The challenge will be announced online at 8:00 on the day of the competition, and the registered teams will have 12 hours in which to conduct research, come up with a solution, produce a prototype (sample model of the proposed idea), and present its idea in the form of a written submission (business plan) and a 3-minute video. Please note that all written reports and video presentation submissions must be in English and its content has to be your original.
You cannot use other's ideas and works (digital images, illustrations, audio clips, movies, photos, design,etc.). From 2021, you are not allowed to use even copyright free or royalty free meterials. You need to create them on your own. Please remember that the use of other’s creation will lead your team to disqualification.

Support

We only allow registered students to participate in the competition. Attending adults should act only as a supervisor and be responsible for the student’s participation, oversee the work of the group, and make sure the team members comply with rules, or other requirements. The supervisor can encourage and motivate the team, but is not allowed to advise, or be involved in the team’s discussion, nor direct student’s ideas. Students must work on their own.

Judging criteria

GYEC competing teams will be evaluated by an international judging panel. The evaluation is conducted in accordance with the following criteria. More detail information will be provided to registered participants directly.

1)Creativity and Innovation
2)Finance and Production
3)Marketing and Market Research
4)Communication

Certificate and Award

All the participants will receive the Certificate of Participation, and the winner (1st prize) and the runner-up (2nd prize) will receive a trophy and an award certificate.



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