Programs in Europe, Middle East and Africa
Goldman Sachs Student Challenge
MAKE AN IMPACT
The 2016 Goldman Sachs Student Challenge provides students who are due to graduate in 2019 with a unique opportunity to demonstrate their analytical, creative and strategic thinking by presenting innovative solutions to one of three business challenges. Each challenge has been set by a business that has participated in the Goldman Sachs 10,000 Small Businesses UK programme, providing the opportunity to positively impact the success of an established business..
Applicants shortlisted in the top thirty submissions will be invited to interview for our 2017 Spring Internship Programme. Nine finalists will be invited to present their ideas to business representatives and the winner of each category will receive an iPad. The overall winner will be invited to participate in the Goldman Sachs 2017 Spring Internship Programme in London.
The Goldman Sachs Student Challenge deadline for submissions is now closed.
Goldman Sachs 10,000 Small Businesses is an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. 10,000 Small Businesses is funded by Goldman Sachs and the Goldman Sachs Foundation.
HOW THE STUDENT CHALLENGE WORKS
Students are invited to come up with an innovative solution to one of three business challenges detailed below. Submissions will be judged on the demonstration of the following;
- Analytical skills
- Strategic thinking
- Practical implementation & commercial viability
Please submit one A4 page outlining your business challenge solution. There are three categories, one for each business challenge. The three finalists in each category will be invited to present their ideas to the 10,000 Small Businesses business owner and Goldman Sachs representatives in January 2017.
Your ideas must be based on the challenges outlined in the information below, and under no circumstances should any entrant contact any employee of the businesses setting the challenge.
There will be one winner for each of the three categories, each of whom will receive an iPad. The overall winner will be selected from the three finalists and will receive an offer of a place on the Goldman Sachs Spring Internship Programme in London.
WHO CAN ENTER
The Student Challenge is open to students who are currently registered and studying at a university in Europe, and will graduate from their degree course in 2019. Students from all degree disciplines and backgrounds are encouraged to enter. Submissions must be made by individuals and not teams.
Click here for a list of Frequently Asked Questions about the Goldman Sachs Student Challenge.
THE THREE BUSINESS CHALLENGES
The three business owners participating in the Student Challenge offer students the opportunity to positively impact their businesses, by creating innovative ideas to help solve their business challenges.
Urban Apothecary London
- Company Overview: Urban Apothecary London is a manufacturer of luxury home fragrances and scented candles which are sold online direct to consumers and to major retailers. They are launching an updated brand identity for their range of products in early 2017. This brand update will enable Urban Apothecary London to target both male and female consumers and new independent and major retailers previously not supplied.
- Business Challenge: In a competitive candle market, how should Urban Apothecary London go about attracting new retailers and end consumers? Consider options that would provide the best opportunities for the new product, taking into account the balance between direct-selling to consumers and developing new distribution partnerships.
- Company Overview: Caffe Cream is a New Brighton-based award-winning ice cream manufacturer and café, producing over 140 flavours of gourmet ice cream and supplying a number of restaurants in Liverpool. Caffe Cream has just opened a new factory, allowing the company to increase production and sell their craft ice cream across the North West of the United Kingdom. Given their local success, the company is now looking to export the product internationally.
- Business Challenge: Which markets should Caffe Cream focus on as they grow their export channels and how should they go about doing this?
- Company Overview: SAFE Regeneration promotes and delivers high quality creative art, both regionally and nationally. They use creative arts to enable clients to deliver programmes and projects, developing the skills of local people of all ages, backgrounds and capabilities. The organisation has used its experience of working across numerous sectors to support the development of other creative social enterprises through various European funding streams, leading to partnerships working in Barcelona, Krakow and Sweden. SAFE Regeneration is in the process of acquiring and refurbishing the premises to maximise the potential of the scheme.
- Business Challenge: How do SAFE Regeneration market their investment opportunity to an international audience whilst maintaining a strong sense of local community ownership and engagement in the work that they do?