GENIUS Business raises awareness of environmental values in the business world, from bringing green products and services to market to developing a social responsibility plan for any business aiming to have a positive relationship to the society and the environment in which it operates.
Each GENIUS Business project can be prepared and presented by up to two students. Participants must prepare and present a business plan to judges as though they were making a pitch for funding for their business plan, also known as an investment proposal. Presentations will be made in formal business attire and should include a Powerpoint/Prezi (or similar) presentation of no more than 10 minutes before QandA.
BUSINESS | Entrepreneurship
- Students may offer a new product or technology to decrease human impact on the environment, or they can offer improvements to existing products or technologies to make them greener or more sustainable. This involves a combination of science, engineering and business sense. Participants must offer the product, technology, or enhancement along with a plan to bring this product or technology to market. The business plan must include an analysis of the existing market, analyzing potential buyers, suppliers, current competition, the culture of the market regarding of product, potential future competitors, and potential substitute technologies. It should then describe the product, its target market, expected price, promotional plans, and how it will be delivered to the customer. Finally, the business plan should include staffing and facilities plans, as well as ultimate profit goals.
BUSINESS | Social Responsibility
- Social Responsibility plan should offer environmental solutions for existing businesses and industries, with the aim of a reduction in environmental impact. Participants must offer a 10-minute Powerpoint/Prezi (or similar) presentation promoting their business plan to make a change within their target business or industry. The business plan should include an analysis of the current environmental impact of the business/industry, a description of the proposed changes, and an analysis of the impact of these changes on the environment. The plan should then explore the financial cost of implementation and the impact of implementation on the company's position in the market (including the impact of any change in price, change in the customer experience of the product, obstacles to delivery, etc.). Participants should also examine potential competition from other sustainability models, and make the case for their own plan as the best solution.
Location(s)
- Remote
- Rochester Institute of Technology, Rochester, New York
Schedule
- Year-round
- Genius Olympiad Finals: June 9th - 13th, 2025
Cost/Compensation
- $50 application fee
- $500 registration fee for finals (if selected)
- Additional fees for participant guests and chaperones
Eligibility Requirements
- The GENIUS Olympiad is open to all international and U.S. students studying in grades 8-12 (or the equivalent).
- All students under 17 years old must attend the GENIUS Olympiad with an adult supervisor (a teacher, a parent, or a guardian).
- Minimum age requirement for student participants is 13.
- Each student may present only one project. In the case of being a finalist for multiple projects, the applicant must choose which project to present.
Deadline
- March 1st, 2025: Application deadline for ALL individual/school/International Fair applications.
- April 16th, 2025: Application deadline for affiliated US/EU Fairs Certificate Holders.
- May 1st, 2025: Participant registration deadline
Application or Entry Requirements
- Each GENIUS Business project can be prepared and presented by up to two students.
- Submit a business plan describing the requested information. All projects, including affiliated fair winners, must submit these items.
- The business plan must be no more than 20 pages long, including a 2-page executive summary.
- The entire application document should be in English, and all file names must be in English characters. File name should be less than 25 characters.
- If the planned market is a non-English-speaking country, the presentation may include examples of the target languages as appropriate in marketing materials, etc.
- All projects must be submitted in ONLY PDF format.
- All financing should be converted into US dollars.
- We can not share other's business plan from previous years, however, the best projects are the ones which follow a typical business plan structure. As an example, we provide the following (you may choose to use other business plan templates): Business plan template (PDF)
- By submitting an application, you give rights to GENIUS Olympiad to freely use your creative work.
Notifications of Decisions
- Finalists will be announced March 26th, 2025