The competition, which has been running for seven years, offers budding entrepreneurs a great chance to discuss ideas with other passionate entrepreneurs and receive advice on whether a business plan has the potential to work across markets in China and UK. 

The Challenge is organised in partnership with the , Lancaster University Confucius Institute, University College London, University of East Anglia and The University of Edinburgh. It is structured to enable students to be supported by their individual universities in the initial stages before submitting their final proposal to the judging panel.

Teams have been invited to a ‘Development Day’ at UCL in advance of the semi-final that will be held at Lancaster University on 5 June 2014. The final will take place in China and the successful teams will be funded to attend.

In 2014 the Challenge has received 91 entries, of which 11 were from Lancaster University teams. This is a fantastic response to a unique opportunity, which offers students and graduates a chance to win up to £7000, as well as £250,000 worth of investment. A member of a Lancaster team said: “This challenge allows us to experience the real world of entrepreneurial business and is a chance to make new connections and build networks.”