World Skill Challenge - IDEA TANK Entrepreneur Challenge
by World Skill Challenge (WSC)
Cash prize of ₹1,00,000
An international online competition where students aged 6-18 develop and pitch innovative business ideas to solve real-world problems.
Mode
Hybrid
Fee
₹665
Participation format
Individual
Duration
The competition runs in phases over several months, from registration to the grand finale.
Eligibility
Age: 6-18 years (Grades 1-12). Location: Open to students globally as it is an online competition. Team Composition: Students can participate individually or in teams of up to 3. Team members can be from different schools but must be in the same age division (Junior, Middle, or Senior).
- Grade level
- Grade 1 to 12
- Age range
- 6 to 18 years
- Eligibility region
- Available nationwide across India
- Academic requirement
- No specific academic requirements are needed. Open to all students with an interest in entrepreneurship.
- Prerequisites
- An interest in entrepreneurship and problem-solving.
- Ability to prepare and submit a presentation in English.
See if your child qualifies.
Rewards and recognition
Award
₹1,00,000 Cash Prize
The top winning team or individual will be awarded a cash prize of ₹1,00,000 to recognize their innovative business idea and entrepreneurial potential.
Prizes
Medals for Winners
Top performers are awarded Gold, Silver, or Bronze medals based on their final scores. The top 5% of participants receive Gold, the next 10% receive Silver, and the following 15% receive Bronze.
Certificate
Certificate of Participation
All participants receive an official Certificate of Participation to acknowledge their effort and involvement in the international challenge.
Recognition
International Recognition
Skills your child builds
Key dates
Last edition
- Registration opened
- 1 Apr 2025
- Registration closed
- 5 Nov 2025
- Competition
- 15 Nov 2025 to 30 Nov 2025
- Results
- 31 Jan 2026
How to apply
- 1Register on the official World Skill Challenge website before the deadline.
- 2Pay the required registration fee to confirm participation.
- 3Develop a business idea and create a presentation deck outlining the problem, solution, business model, and market analysis.
- 4Optionally, record a 3-minute video pitch to supplement the presentation.
- 5Submit all required files through the online portal before the submission deadline.
Rules and guidelines
- All submissions must be the original work of the participants.
- Participants must adhere to the submission deadlines; no late entries will be accepted.
- The judges' decisions are final and binding.
- The evaluation and decisions made by the panel of judges are final and cannot be contested.
Technology requirements
- A computer or laptop with internet access.
- Presentation software (e.g., Microsoft PowerPoint, Google Slides, Canva).
- Optional: Video recording equipment for the pitch video.
Fees and financial support
Fee details
A registration fee is required per individual to participate is INR 665.
Refund policy
Fee policies, including refund information, are typically available on the provider's website during registration.
About this opportunity
The IDEA TANK Entrepreneur Challenge, part of the World Skill Challenge, is a premier international competition for young innovators. It guides students to think like entrepreneurs by identifying a real-world problem, developing a unique solution, and creating a viable business model to present to a global audience.
Participation is open to students worldwide across Junior (Ages 6-10), Middle (Ages 11-14), and Senior (Ages 15-18) divisions, competing individually or in small teams. The challenge fosters invaluable skills in entrepreneurship, strategic thinking, and public speaking, providing a strong foundation for future academic and career pursuits.
Rounds and format
The competition consists of a preliminary submission round and a final presentation round.
How entries are judged
Submissions are evaluated based on innovation and originality of the idea, feasibility and viability of the business model, potential for market impact and scalability, and the quality and clarity of the presentation or pitch.
Selection process
The competition consists of a preliminary submission round and a final presentation round. Finalists are selected based on the scores from the initial project evaluation to present their ideas live to the judging panel.
How to prepare
- Official competition handbook and guidelines
- Webinars on entrepreneurship and pitching
- Examples of past winning projects
- Mentorship sessions with industry experts
Academic details
Difficulty: Advanced
Frequently asked questions
How can participants enhance their chances of success in this competition?
Success in the IDEA TANK Entrepreneur Challenge often stems from a clear understanding of the problem, a truly innovative and feasible solution, and a compelling presentation. Participants should focus on thorough research, a well-structured business model, and practicing their pitch to convey their vision effectively.
What are common mistakes students make during the preparation phase of entrepreneurial competitions?
Common pitfalls include insufficient market research, an unclear problem statement, a lack of financial viability in the business model, and a weak presentation that fails to highlight the unique value proposition. Overcoming these requires critical self-assessment and seeking feedback.
How does the IDEA TANK Entrepreneur Challenge foster entrepreneurial skills beyond the event itself?
The challenge provides a structured environment for developing critical thinking, problem-solving, creativity, and communication skills. These are foundational entrepreneurial competencies that extend far beyond the competition, preparing students for future academic and career endeavors in innovation and business.
What support is available for students facing challenges during the competition, such as technical issues or conceptual roadblocks?
Participants have access to a dedicated support email and helpline for technical assistance. For conceptual roadblocks, the provided preparation materials, including webinars and mentorship sessions, offer guidance and insights to help refine ideas and overcome challenges.
How are the judging criteria applied to ensure fair evaluation of diverse business ideas from various age groups?
The judging panel, comprising industry experts and entrepreneurs, evaluates submissions based on innovation, feasibility, market impact, and presentation quality. Criteria are applied consistently across all entries, with considerations for age-appropriate expectations within the Junior, Middle, and Senior divisions to ensure fairness.
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