Around 50 PhD students from Australian universities will take part in a 24 hour challenge to design an innovative and profitable start-up concept as part of the Australian-French Entrepreneurship Challenge.

The budding entrepreneurs will have access to advice from seasoned mentors throughout the challenge, to help them come up with a concept before pitching ideas to a panel of judges.

The national challenge is taking place at Adelaide Oval tomorrow and Wednesday.

It is the first time the event has been held here and participants are competing for a chance to win a trip to France. This will include a tailored tour of the country’s main universities, incubators and research institutions to give them a first-hand look at its innovation system.

Background

The Australian–French Entrepreneurship Challenge is based on the ‘Les 24H chrono de l’entrepreneuriat®’, a flagship event that has been run in France since 2011.

The event is supported by the State Government, the Embassy of France in Australia, the University of South Australia, the University of Adelaide, Flinders University, and the Australian and French business communities.

Quotes attributable to Minister for Higher Education and Skills Susan Close

This Australian–French Entrepreneurship Challenge is an exciting opportunity for our future innovators to build on their entrepreneurial skills.

Whether their research is in the natural sciences, engineering, medicine, technology, social sciences or the humanities, participants will bring fresh and innovative ideas to this challenge. I look forward to seeing what they can create in just 24 hours.

We’re also delighted to be hosting this event in Adelaide for the first time, highlighting South Australia as a destination for innovation and new thinking. This is also another terrific example of how South Australia continues to strengthen its ties with France.