What’s it all about?
The 24G High School Global Innovation Challenge is a uniquely student-driven opportunity designed to excite student’s creativity and goodwill.
24G Innovation Challenge
The 24G High School Global Innovation Challenge is a uniquely student-driven opportunity designed to excite student’s creativity and goodwill.
It distinguishes itself from many other STEM activities by focusing on the humanitarian impact of engineering and design and encouraging young people to explore how these fields can be utilized to improve the lives of others.
This competition is welcoming to all. Young women and students from diverse backgrounds and communities underrepresented in STEM disciplines are strongly encouraged to participate.
During the game, your team will be given data and graphs to help you analyse company performance, including client information, value of contracts, company financials, share price, investments, turnover, profit, value, overheads, staff & agency, capacity and training costs.
There are six weekly rounds in the Early Years stage of the competition. Your team will be scored each week against Key Performance Indicators, including Gross Profit to Turnover ratio, Operating Profit to Turnover ratio, Company Value, Share Price and Client Satisfaction. This score will determine your position with the overall competition rankings – and it’ll be the top six teams who become our finalists!
The Four Stages of Competition
Phase One
Registration is perhaps the most important part of the competition! You’ll need to register your team in order to access the MERIT software.
Even more important, you’ll need to decide who your team mates will be. Full eligibility criteria can be found here.
Phase Two
We call this stage of competition ‘The Foundation Years’ because it’s all about getting to grips with the game mechanics and refining your team strategy.
The teams that do best in the competition take full advantage of this stage!
This phase of competition begins on the 31 January 2022.
Phase Three
This is when things start to get real.
On the 23 February 2022 the first round of data will be released to all teams and you’ll have a week to make your decisions and submit them for scoring.
After each round you’ll get a score and you’ll be ranked against other teams based on this. We call this stage ‘The Early Years’ as you begin to get your virtual innovation company off the ground.
In total, you’ll do this six times over six rounds of competition.
Phase Four
The top six teams will be announced April 2022. Due to the on-going situation with Covid-19, the top six teams will be invited to take place in a virtual final week commencing 20 June 2022 (for two weeks).
The finals will be held alongside 24G Members’ Forum week commencing 27 June 2022 (destination will be confirmed at a later date).
If we are not able to travel, the finals will be run in a virtual format week commencing 20 June 2022 (for 2 weeks).
When is Finals Week?
The 2021 Global Innovation Challenge Finals will happen virtually alongside the 2021 24G Members’ Forum. The competition begins on 19 June 2021 and will conclude on the 25 June 2021 when we will announce our 2021 Champions.
You can follow along with the results of the 2021 Global Innovation Challenge finals here.
The Global Innovation Challenge Finals Week
The Global Innovation Challenge Finals week will be held alongside the 24G’s Members’ Forum – an annual gathering of the world’s most senior innovation professionals to discuss the biggest issues our industry faces.
There are prizes on offer too
How many teams can my School enter?
A School can enter up to five teams into the competition, but only one of those teams can represent the School in the Finals.
How much are the entry fees?
One team – £375
Two teams – £700
Three teams – £950
Four teams – £1100
Five teams – £1125
VAT applies to teams from Universities based in the UK or EU.
If I took part in GIC before, can I enter again?
Yes, unless you were part of a team which reached the finals in a previous year’s challenge. Those involved in teams that did not reach the finals are welcome to compete again.
Do I need to be a 24G Student member to take part?
Membership of the Chartered Institute of Building is not required to partake in Global Innovation Challenge, but if you’re not a member we certainly encourage you to become one! You can view our student membership options here.
What are the entry criteria?
Full entry criteria can be found here.