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World Skill Challenge - IDEA TANK Entrepreneur Challenge

by World Skill Challenge (WSC)

Cash prize of ₹1,00,000

World Skill Challenge - IDEA TANK Entrepreneur Challenge is a competition by World Skill Challenge (WSC) for students in Class 1–12, open to students across India.

Mode

Hybrid

Eligibility

Class 1–12

Fee

₹665

Duration

The competition runs in phases over several months, from registration to the grand finale.

Format

Individual · Teams of 1

Time needed

Varies based on the complexity of the idea. Participants should allocate time for research, creating a business plan presentation, and optionally, a pitch video.

About This Opportunity

The IDEA TANK Entrepreneur Challenge, part of the World Skill Challenge, is a premier international competition for young innovators. It guides students to think like entrepreneurs by identifying a real-world problem, developing a unique solution, and creating a viable business model to present to a global audience.

Participation is open to students worldwide across Junior (Ages 6-10), Middle (Ages 11-14), and Senior (Ages 15-18) divisions, competing individually or in small teams. The challenge fosters invaluable skills in entrepreneurship, strategic thinking, and public speaking, providing a strong foundation for future academic and career pursuits.

Eligibility

Grade Level
Class 1–12
Age Range
6 - 18 years
Location
Nationwide

Academic requirement

No specific academic requirements are needed. Open to all students with an interest in entrepreneurship.

Prerequisites

  • An interest in entrepreneurship and problem-solving.
  • Ability to prepare and submit a presentation in English.

Age: 6-18 years (Grades 1-12). Location: Open to students globally as it is an online competition. Team Composition: Students can participate individually or in teams of up to 3. Team members can be from different schools but must be in the same age division (Junior, Middle, or Senior).

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Academic Details

Business StudiesEntrepreneurshipEconomicsSocial Science

Difficulty: Advanced

Rewards & Recognition

Award

₹1,00,000 Cash Prize

The top winning team or individual will be awarded a cash prize of ₹1,00,000 to recognize their innovative business idea and entrepreneurial potential.

Prizes

Medals for Winners

Top performers are awarded Gold, Silver, or Bronze medals based on their final scores. The top 5% of participants receive Gold, the next 10% receive Silver, and the following 15% receive Bronze.

Gold MedalSilver MedalBronze Medal

Certificate

Certificate of Participation

All participants receive an official Certificate of Participation to acknowledge their effort and involvement in the international challenge.

Recognition

International Recognition

Skills your child builds

EntrepreneurshipBusiness PlanningCritical ThinkingPublic SpeakingProblem SolvingPitching

Exam format

Language
English

Rounds & format

The competition consists of a preliminary submission round and a final presentation round.

How entries are judged

Submissions are evaluated based on innovation and originality of the idea, feasibility and viability of the business model, potential for market impact and scalability, and the quality and clarity of the presentation or pitch.

Selection process

The competition consists of a preliminary submission round and a final presentation round. Finalists are selected based on the scores from the initial project evaluation to present their ideas live to the judging panel.

How to apply

  1. 1Register on the official World Skill Challenge website before the deadline.
  2. 2Pay the required registration fee to confirm participation.
  3. 3Develop a business idea and create a presentation deck outlining the problem, solution, business model, and market analysis.
  4. 4Optionally, record a 3-minute video pitch to supplement the presentation.
  5. 5Submit all required files through the online portal before the submission deadline.

How to prepare

  • Official competition handbook and guidelines
  • Webinars on entrepreneurship and pitching
  • Examples of past winning projects
  • Mentorship sessions with industry experts

Fees & financial support

Fee details

A registration fee is required per individual to participate is INR 665.

Refund policy

Fee policies, including refund information, are typically available on the provider's website during registration.

Frequently asked questions

Is World Skill Challenge - IDEA TANK Entrepreneur Challenge free?

₹665 registration

Who can participate in World Skill Challenge - IDEA TANK Entrepreneur Challenge?

Students in Class 1–12. children aged 6-18.

What will my child gain from World Skill Challenge - IDEA TANK Entrepreneur Challenge?

Receive a Gold, Silver, or Bronze medal for outstanding performance.. Earn an official Certificate of Participation.. Gain international recognition for your innovative business idea.. Develop critical entrepreneurship and problem-solving skills.. Enhance your public speaking and presentation abilities.. Build a strong foundation for future academic and career pursuits in business.. Receive an official Certificate of Participation..

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Provider

World Skill Challenge (WSC)

View Provider

Categories

Entrepreneurial SkillsCreative SkillsSTEM & InnovationBusiness PlanningFinancial LiteracyMarketing StrategyPitching SkillsProduct DevelopmentStartup BootcampsTechnical SkillsGlobal ExposureGlobal Competitions

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