The 2017-2018 challenge is a 10-month competition designed for high school students looking to flex their creative muscles, explore entrepreneurship, and most importantly learn more about business, leadership and teamwork. Through collaborative research, analysis and organization, participating teams are tasked with putting together and executing a business plan.
The journey starts with the team proposal which teams must present to a panel of judges from the Mon Sheong Foundation. Then, pending approval of the concept, teams are given up to $1,000 CAD starting capital to take their proposal and have approximately four months to make it a reality. Throughout the Development Challenge, teams will be offered guidance by more experienced mentors.
Following the four months, half of the profit generated by each team is retained by the team as a reward for their success, while the remaining half is donated back to the Mon Sheong Foundation and goes towards supporting our many non-profit services including long-term care centers and various community programs.
The deadline for this year’s Development Challenge has now passed. Thank you to all participants for applying. Good luck in the competition!