CALL FOR TEAM & INDIVIDUAL APPLICATIONS
We are pleased to announce a call for teams for the Inaugural IFAMA Venture Building Challenge as a virtual component of the E Tipu IFAMA 2023 World Conference that will be hosted in Christchurch, New Zealand June 17–18, 2023.
Theme: Transforming the Global Food and Fibre System: Worldwide innovation for a resilient, nature-positive, and food-secure future.
The Venture Building Challenge is an online (only) competition offered in partnership with the internationally recognized Sprout Agritech Accelerator and Bayer Crop Science. Teams from around the world are encouraged to assemble and showcase their talent on a global stage in a country that lives and breathes food and agribusiness—New Zealand.
IFAMA Venture Building Challenge collides the worlds of research and entrepreneurship for a unique and dynamic challenge that will test teams’ creativity, problem-solving abilities, and understanding of practical implementation to tackle a global challenge: Commercialization.
Teams are composed of 3–5 members and may include any mix of undergraduate students, postgraduate students and/or early career professionals up to the age of 35.
Universities or organizations may register multiple teams. Individual applications are also accepted, and teams can be formed that include students or young professionals from different universities or organizations. IFAMA will assist with the pairing process.
Each team must nominate a Team Captain who will be the primary point of contact between IFAMA and the team prior to the competition. Teams may also have a senior advisor (such as a lecturer or manager).
*Although advisors may play a major role in helping the team prepare for the competition, competitors must work independently from their advisor during the competition. Teams will be given the scoring rubric in advance that will be used by the judges.
At the designated start time on Day 1 of the competition, the Team Captiain will be emailed a 10-page research case, detailing an emerging science or technology innovation and an entrepreneurship toolkit, containing key frameworks to guide the teams' thinking and strategy.
The teams will have 4 hours to analyze the research case, produce a 12-minute video and submit the video with a one-page brief. It is expected that all team members will have comparable speaking roles on the video and make equal contributions to their team’s presentation.
A panel of judges comprised of a research case representative, an IFAMA Board member and an international expert will complete a scoring matrix for each competing team. The teams advancing to the Championship Round will be announced at least 6-hours prior to their start time on Day 2. The top two teams selected from each time zone will advance to the Championship Round on Sunday June 18. The qualifying teams will be announced at least six hours prior to the start of the Championship Round.
The winner and runner-up from each time-zone heat will qualify for the championship round, where each team will compete in the same Time Zone period as the previous day. For the championship round, all teams will be using the same research case (a third and final case).
The Grand Champions and Runner-up teams will have their videos displayed during the E Tipu IFAMA 2023 World Forum and on the conference App. The 2023 Champions teams will be formally recognized during the IFAMA Presidential Banquet and awards ceremony. Take the Challenge, and split the winnings of $3000 USD in cash prizes ($2000 USD to the Champion team, and $1000 to the runner-up).
Each member of the team must be an active member of IFAMA to participate in the Venture Building Challenge.
If you are not currently a member of IFAMA, you may easily join IFAMA by following this link: www.ifama.org/join-now ($25 USD membership fee).
All teams must complete the following application form and email it to: Venture Challenge: firstname.lastname@example.org (Only one application per team).
Download the application here: TEAM APPLICATION | INDIVIDUAL APPLICATION
TIME LINE AND REGISTRATION FEES
Team Registration, May 17- June 15
9 June Orientation & Q&A session
17 June Preliminary round
18 June Championship round
20 June Awards ceremony
Team registration fees also give you free admission to the live-streamed online sessions from the E Tipu IFAMA 2023 Global Forum. On June 19–20, you’ll be able to participate in virtual-only workshops, engage with exclusive speaker Q&As, connect with other attendees globally, sync the summit sessions to your personal calendar and time zone, check out partners and exhibitors, and access resources and handouts.
Venture Building Challenge Team Call Poster
Venture Building Challenge Application Form for Teams
Venture Building Challenge Application Form for Individuals
Contact Kathryn White: email@example.com
2023 VENTURE BUILDING CHALLENGE COMMITTEE