GUIDANCE FOR PROSPECTIVE TEAMS PARTICIPATING IN THE

2016 GLOBAL BUSINESS CHALLENGE

The following document is meant as a guide to assist teams as they prepare for
the 2016GBC. The information is meant as a guide only and are NOT
requirements of the competition.
SOLUTION DESIGN
Solutions will be a mix of new technologies (one or more) and innovative
business models.
The following are suggestions on progressing conceptualisation
Round 1: Your conceptual solution.

Technology provider for collaboration:

o Have an exploratory conversation with your universitys
technology transfer and commercialisation office. They may have
candidate technologies they are wanting to promote for
commercialisation.
o Identify key research areas (your office of research will help) to
identify key researchers in technology areas of interest. Have an
exploratory conversation.
o Google for potential technology providers.
o Identify local start-ups
o Go to LinkedIn user groups (e.g. Health Professionals) join and
engage.
o Industry associations.
Health Industry analysis. A series of supporting documents will be
provided from Queensland health that provides the Queensland and
Australian state health care environment.
o Research publications.
o Government policy papers.
o Industry associations.
Visit the 2016 Global Business Challenge at www.2016gbc.org or email us at gbc@qut.edu.au

o Scan key public domain reports

Remember, while your proposed solution should have the potential for
application globally, the Finals challenge with which you will be provided will
be in the context of Queensland Health. You will be provided with some key
strategic level documentation from Queensland Health to help shape your
thinking and possible areas of priority interest for Queensland Health. Also visit
the Queensland Health web site - https://www.health.qld.gov.au/.
Teams may also be appointed a mentor/advisor by Queensland Health to assist
teams subsequent to Round 1. This is at the discretion of the team.
Once you have identified the application or industry focus of your solution,
together with initial identification of possible technologies to include in your
proposed solution - develop your business model. A great tool to use is the
Business Model Canvas (which for MBA students you have probably been
exposed to) - [refer http://www.businessmodelgeneration.com/canvas ]
Design a robust business model -utilise mentors, team members to design a
high impact solution. Include strategic approaches to possible novel funding
mechanisms (such as philanthropy or public private partnership type models)
Round 2: Finals
Lead-Up - Teams who get selected for the finals will need to undertake
significant more detailed preparation work. This will including building on
existing industry/business/technological concepts presented in Round 1 to a
more detailed business model supported by sound market research and
strategic implementation design
Lock-in Phase
At the commencement of the 2-day lock-in phase you will be provided with a
series of constraints around which you will need to now create a detailed
implementation plan. You will be provided with a template for the report and
you will be able to consult with any third party to develop the plan. Possible
constraints issued will be specific to the teams proposed solution and may be a

Visit the 2016 Global Business Challenge at www.2016gbc.org or email us at gbc@qut.edu.au

combination of geographic, regulatory, environmental, market or technological

constraints.
Your team will be provided with full access to the internet during the lock-in
phase.
This phase will be highly intensive and a key element of success will be your
background preparation, how you manage your time and allocate tasks during
the 2 day period. You are advised to develop time management strategies to
assist you.
HOW TO FORM TEAMS
Register as soon as possible. The sooner you get underway the more
competitive your team will be.
There are multiple approaches possible in forming teams:

If the university or business school is acting as the facilitator the typical

approach is to call for interest for nominations from the student body.
The flyer found on the 2016GBC web site (found under the Teams
menu) can be downloaded and circulated if necessary.
If you are a student you may readily know fellow students who would be
ideal candidates in the forming of a team. You may form your own team.
Teams need formal endorsement from their parent institution (by
having a nominated academic staff member as your coach) and can
meet costs of attendance.
To assist meeting costs to travel to Brisbane if your team is a finalist
(even if you are non-Australian team eligible for the $AUD 12,500 travel
subsidy) - think about corporate sponsorship opportunities.
You would also be advised to appoint a team coach. The role of the
coach is to provide guidance and assist teams in preparing for the
competition. Coaches can NOT participate in the competition itself.

Visit the 2016 Global Business Challenge at www.2016gbc.org or email us at gbc@qut.edu.au

TEAM COMPOSITION
The composition of teams should reflect the skill set, professional/work
experience as well as industry experience of students that, in combination, will
add value to developing a winning solution.
Typical disciple areas of competency for consideration could be a mix of:

Strategy
Finance
Marketing
Project management/planning
Engineering
Agriculture

Think also of other skill sets that may add value to the team: presentation
skills, business planning, project management, technology management. Craft
you team composition in a strategic way that is likely to give the best outcome
possible.
COLLABORATION:
One of the underpinning themes for the 2016GBC is to encourage
collaboration across institutions/organisations and geographic regions.
You may consider:

Collaboration between institutions (cross-institutional teams are

permitted)
Collaboration between a team and one or more third party technology
providers (research organisation or companies)
Collaboration with mentors. Mentors may be either technical or
business mentors and even alumni members wanting to assist their
institutions teams. (keep an eye open for announcements by the
Organisers on initiatives to further assist in facilitating these
opportunities). Mentors can work with teams throughout the
competition to assist where necessary.
To be eligible for the $200,000 Queensland Health Prize, a collaborator or the
proposed start-up must be able to deliver on a pilot with the aim of securing a
commercial contract post the event.

Visit the 2016 Global Business Challenge at www.2016gbc.org or email us at gbc@qut.edu.au

CONFIDENTIAL INFORMATION AND DEALING WITH INTELLECTUAL PROPERTY

In entering into collaboration with technology providers it is likely that your
team may need to enter into confidentiality or non-disclosure agreements. You
will need to explore with technology providers how much you can disclose
(focus on what technologies can achieve rather than how as far as possible). If
you do enter into such arrangement this should be provided by the technology
provider to you. You may consider asking your institution to review any
agreement for comfort.
You may wish to have the technology provider with whom you are
collaborating review your virtual (round 1 submission) to ensure you are not
disclosing confidential information. This review will give them comfort.
Involve technology providers throughout the competition. You may also wish
to use them as mentors as well to provide ongoing guidance.

Visit the 2016 Global Business Challenge at www.2016gbc.org or email us at gbc@qut.edu.au