Rules of the BiG Challenge 2010

Definitions

Eligibility

1. The schools/colleges eligible to enter the Challenge are.

2. Each eligible school/college may enter as many teams into the Challenge as they wish.

Age Categories

3. The Challenge shall comprise 3 age categories: 11 to 13 (Key stage 3), 14 to 16 (Key stage 4) and post 16.

Teams

4. Teams shall consist of between 1 and 8 students and each team shall be entered into the appropriate age category. Teams containing students of mixed ages must be entered into the age category of the eldest team member. Existing businesses must be identified at the time of application. Team mentors will not be counted as members of the team and will not be entitled to share in any prizes but will be eligible for the prize for best mentor.

Closing date for entries

5. Team entries must be submitted electronically by schools/colleges from Friday 4th September 2009 and by no later than midnight on Friday the 23rd October 2009. Entries received after that time will only be accepted at the discretion of the Board. Entries must contain the name and contact details of at least one member of staff supporting the team. Upon receipt of a valid team entry the Board will procure the sending of a cheque for £25 from an initial investor to that team's school/college. Teams can begin working on the Challenge any time at their discretion and the period of the Challenge shall end at midnight on Friday the 5th March 2010.

Delivery

6. During the period of the Challenge all teams will seek to increase the initial amount of £25 by as much as possible using teamwork, innovation, entrepreneurship and only legal means. The first £30 of any profits made from the initial amount shall be repaid by the school/college to the Board. Schools/colleges will not be required to return any of the initial £25 where a team fails to make any profit. All profits or a proportion of profits may be donated to charity at the discretion of each team.

7. All teams shall submit their final report by no later than midnight on the 5th March 2010. Late submission will only be allowed at the discretion of the Board. All reports shall be presented electronically by entry onto the BiG website.

8. All teams short-listed shall make a presentation of their project to the judging panel at a venue in Sheffield on Monday the 29th March 2010. Presentations may include PowerPoint slides but no video content. All winners will be announced on Thursday the 1st April 2010.

Prizes

9. The prizes for 1st and 2nd places in each age category will comprise cash payments of £5,000 and £2,000 respectively, paid to schools/colleges in accordance with clause 11 below.  There will also be cash prizes for progress during the period of the Challenge, to be awarded to teams at the discretion of the judging panel.  These prizes will be £150, £100, £25 and £25 for 1st, 2nd, 3rd, and 4th places respectively.

In addition a discretionary award of retail vouchers to the value of £250 each will be made by the judging panel for the best mentoring of a team or teams by a student or students from a school or college.

 

10.  In addition to the prizes outlined in clause 9, further prizes will be awarded to teams for each of the following categories:

Overall winning team – fully funded trip to a destination to be decided upon and announced by the Board for all overall winning team members.  Details of the departure, duration and the itinerary of the trip shall be decided by the Board.  There will be no cash alternative or other compensation for any winning team members unable to attend the trip;