Dream and Achieve, with Demont Business Challenge

The DeMont Business Challenge is set in motion with the objective of offering a distinctive opportunity to young aspiring leaders of tomorrow – the students of today – to present their most innovative business ideas. We aim to disseminate these ideas as a medium across the world. The challenge is launched by the DeMont Institute of Management & Technology.

Dream and Achieve, with Demont Busines Challenge

The DeMont Business Challenge is set in motion with the objective of offering a distinctive opportunity to young aspiring leaders of tomorrow – the students of today – to present their most innovative business ideas. We aim to disseminate these ideas as a medium across the world. The challenge is launched by the DeMont Institute of Management & Technology.

Demont Business Challenge

The DeMont Business Challenge is set in motion with the objective to offer a distinctive opportunity to young aspiring leaders of tomorrow – the students of today to present their most innovative business ideas that we then to disseminate, as a medium, across the world. Launched by DeMont Institute of Management & Technology.

    Registration Link



















    Case Studies

    Case Study 1

    Release Date for Case Study 01

    April 15th, 2024

    Case Study 2

    Release Date for Case Study 02

    April 22nd, 2024

    Case Study 3

    Release Date for Final Case Study & Elevator Pitch:

    April 29th, 2024

    Case Study Rubrics

    Criteria for Evaluation and Feedback

    Theme: Digital
    Entrepreneurship

    The entrepreneurship ecosystem has begun to play a dynamic role in the society, becoming a national asset, and entrepreneurs becoming the drivers who cultivate, motivate, and remunerate the maximum potential of this asset. With the COVID-19 pandemic triggering major economic downturns, stirring high unemployment rates, it also on the other hand led to a collective push into digital transformation, especially for surviving businesses. “COVID-preneurs” propelled towards becoming their own bosses at a record pace. Being self-employed, Digital entrepreneurs operate via digital platforms, relying on Information Technology (IT) and digital media tools to identify potential consumers.  Digital businesses could include e-commerce, Industry consulting, online courses, social media and content marketing, Drop-shipping, online retailing, Virtual assistants, and many more digital spaces that offer a range of products and services. The UAE ranks fourth globally in the Global Entrepreneurship Index 2020 and currently relishes a world-class environment that supports and regulates the entrepreneurship culture, with an integrated system to incubate entrepreneurial projects and accelerate their growth.

    Theme: Digital
    Entrepreneurship

    The entrepreneurship ecosystem has begun to play a dynamic role in the society, becoming a national asset, and entrepreneurs becoming the drivers who cultivate, motivate, and remunerate the maximum potential of this asset. With the COVID-19 pandemic triggering major economic downturns, stirring high unemployment rates, it also on the other hand led to a collective push into digital transformation, especially for surviving businesses. “COVID-preneurs” propelled towards becoming their own bosses at a record pace. Being self-employed, Digital entrepreneurs operate via digital platforms, relying on Information Technology (IT) and digital media tools to identify potential consumers.  Digital businesses could include e-commerce, Industry consulting, online courses, social media and content marketing, Drop-shipping, online retailing, Virtual assistants, and many more digital spaces that offer a range of products and services. The UAE ranks fourth globally in the Global Entrepreneurship Index 2020 and currently relishes a world-class environment that supports and regulates the entrepreneurship culture, with an integrated system to incubate entrepreneurial projects and accelerate their growth.

    Timeline

    The Competition’s Modus Operandi

    • The DeMont Business Challenge is open to all Universities in the UAE.

    • There is no entry fee to participate in the Challenge.

    • Each University can register multiple teams across all diploma and undergraduate programs, with a minimum of four (4) to a maximum of six (6) members per team.

    • A maximum of one mentor, per team, is allowed to accompany and support the students.

    • A Team Head should be assigned per team only to ensure singular communication and must undertake the responsibility to register themselves and EACH team member through the form available on the DeMont website and include their university, team, and Mentor's details.

    • Once all team heads have registered their respective teams, Mentors/professors will receive a confirmation email from businesschallenge@demont.ac.ae confirming the total list of students and teams from their university.

    • Registrations close at 5:00PM on 14th April 2024.

    • Participation certificates shall be issued only to the teams and members who continue till the elevator pitch / grand finale. Teams that choose to quit before this stage will not be awarded certificates.

    FAQs:

    University students have 2 case studies to work on, besides the Elevator Pitch and the final case. The scores at the end of case study 01 and 02 will be accumulated to declare the top 10 teams that will be given direct entry into the finale. Other teams that do not qualify to the Top 10, will have to present Elevator Pitch.

    The case studies will be uploaded on our official webpage.  The case study links shall be emailed to the registered participants and mentors on the day of the release. Please ensure to register on demont.ac.ae under our competition tab and also ensure that our email address doesn’t land into your spam folder!

    Your team will be required to submit the first 2 case studies online. Note that there is a unique format of submission for each case study. Refer to the individual documents for Cases 1, 2, and the final case study for comprehensive guidelines and specific details on the required format.

    The final case study will be presented in-person on the day of the event. Guidelines for the presentation can be found in the document provided for the final case study. Be prepared for a question-and-answer session following your presentation.

    Yes, each team can have a mentor that can guide the students.

    They can be submitted as a 2000-word document and can include charts and graphs. PowerPoint file needs to be converted into a .pdf format prior to submitting. If the submission is in a video format, it must not exceed more than 5 minutes.

    The case studies may be submitted on our website under the competition tab and should also be emailed to businesschallenge@demont.ac.ae

    A score of 10% and above on Turnitin will lead to immediate disqualification for that round, thereby receiving zero marks; however, you can continue to participate in the upcoming rounds and attempt to have less than 10% plagiarism. The elevator pitch serves as a means to redeem yourself.

    Harvard style of referencing is preferred.

    A tweet-style pitch is a concise and compelling summary of an idea, project, product, or initiative, designed to fit within the character limit of a tweet on Twitter (280 characters). This format challenges participants to distill their message into its most essential and impactful elements and grab the audience’s attention quickly, providing a snapshot of the core concept or value proposition.

    Yes, every team member will be expected to speak within the 10 minutes slot allocated to each team. Presentation Skills is also a criteria of judgement in the final round!

    Sponsors/Prizes