The German Business Association (GBA) in collaboration with the German Academic Exchange Service (DAAD) has just launched the ‘GBA Business Challenge 2021’ competition in a bid to call for innovative and sustainable ideas by young Vietnamese talents.

The competition aims to provide mentoring and support to bring the idea from concept to a full business plan and pitch.

As for the competition’s terms and rules, entrants must be aged above 18. The Project Initiator can showcase he/she is not in the financial position to implement the project without the GBA funds.

The Project Initiator agrees that a transparent documentation of how the provided funds have been utilized solely for the implementation of the awarded project can be provided at any time.

Besides, idea or product is not established yet, and the entrant did not register a Business License yet.

The 20 most outstanding teams will be eligible for a professional business coaching session, from which, the 5 finalists will be selected to present their ideas at the GBA Monthly Business Meeting in December as slated.

The winning team will receive a prize of VND 240 million to turn the idea into reality.

Applications in English must be submited not later than July 30, 2021 at https://www.feedbackstr.com/gbabusinesschallenge.

Please click here for more details: https://gba-vietnam.org/gba-business-challenge-2021-a-chance-for-young-talents/ or contact directly the event’s organising committee via gbabusinesschallenge@gmail.com.

The ‘Futuristic Microalgae’ project, developed by Nguyen Quoc Vuong, a fourth-year student from the Faculty of Chemistry at the Da Nang University of Technology and Science and his peers, won the first prize worth VND160 million at GBA Business Challenge 2020.

This wining project focuses on aquatic wastewater treatment at seafood processing plants using microalgae cultivation technology.

Reporting by P.LAN – Translating by A.T