A well-timed initiative has been taken by Alibaba Business School. It has launched its first-ever global challenge to have university students find digital solutions to help businesses, individuals and institutions during and after the COVID-19 pandemic.
Participants are encouraged to think outside the box, and winning ideas will be picked based on their level of social impact, feasibility, sustainability and scalability.
The school was established by Alibaba Group founder Jack Ma in partnership with Hangzhou Normal University to cultivate the next generation of global entrepreneurs. In 2018, it launched the Global E-Commerce Talent Network, also known as the GET Network, as a way to further share insights and empower youths in the digital era to create positive business and social impact.
The challenge will be hosted in 13 countries and regions – including the African continent, China, Colombia, France, Indonesia, Malaysia, Mexico, the Philippines, Russia, Serbia, South Korea, Thailand and Uzbekistan – and at least 100 teams are expected to register.
Selected teams will have a month to develop their concepts and will go through the national qualifiers before moving onto the World Final in August.
To facilitate learning and growth during the competition, Alibaba Business School will invite certified experts, industry professionals and e-founders to deliver online sharing and training sessions via DingTalk live stream.
“We have seen examples of how digital transformation can play a key role in reducing day-to-day struggles, improving work productivity and quality of life. We hope the challenge will spur the creation of even more life-changing solutions not just for now, but for the future as well,” said Zhang Yu, Alibaba partner and Vice President.
At the end of the challenge, six finalists will win cash to support their new ventures. The prize for first place also includes a fully sponsored learning excursion to Alibaba’s headquarters in Hangzhou.