There is a $100,000 prize pool available, and winners can use the funds as a higher education scholarship to any institution in the world, or venture funding.
Entry is completely free. Teams need to be of 2-4 students who are enrolled in high school, wherever they are based in the world.
The Diamond Challenge is both a virtual and in-person experience that takes place during the United States academic calendar from August – April.
All students will submit a written concept narrative and pitch deck online by the submission deadline.
From there, teams are invited to pitch live or virtually if they do not live near one of our pitch event locations around the world.
Winners are selected from our pitch events and virtual pitch submissions. These teams are invited to pitch in the semifinal round at the Diamond Challenge Summit in April.
There are two competition tracks:
If the primary purpose is to solve a customer problem that by doing so will generate revenue and profit, then the business innovation competition is right for you.The business innovation competition focuses on the development and validation of new business models.
If the primary purpose is to solve a social problem and make a positive impact on people or the environment, then the social innovation competition is right for you.The social innovation competition focuses on the development of new, social innovation models that may include revenue-generating nonprofit organizations and mission-driven, for-profit ventures.
Top Prize Awards:
A prize package worth over $13,000, including the $2,100 in-kind semifinalist prize package
A prize package worth over $9,000, including the $2,100 in-kind semifinalist prize package
A prize package worth over $5,500, including the $2,100 in-kind semifinalist prize package
*The in-kind semifinalist prize package includes tickets to the Summit, two hotel rooms for up to three nights, meals during the conference, and access to speakers, mentors and innovators.
Submissions will open 25 August 2020 – Deadline is 8 January 2021.