The “Shark Tank of Wellness” competition is a unique global challenge, where university students have the opportunity to submit their most innovative, impactful idea for the wellness industry.
We define the wellness industry broadly and are looking for innovations in sectors as varied as architecture/design, beauty, education, fitness, hospitality, investment, medicine, nutrition, real estate, spa, technology, travel, tourism, and more. The wellness industry is currently valued at over USD $3.4 trillion, thus providing ample opportunity for people with great ideas!
Students are asked to submit a future-focused, innovative wellness idea, product or service that has the potential to become a profitable business venture. Each individual or team is required to submit a Concept Submission Form in addition to a one to two minute video. Each individual or team will present their idea in the video, focusing on why their innovation could positively impact the wellness industry and how exactly it could become a viable business.
The competition is open to both individuals and teams of students over the age of 18 from anywhere in the world. If a team is chosen as one of the top three finalists, the team leader will be flown to Austria along with the professor. The student(s) must be in at least the third year of undergraduate education or a graduate student in a university of distinction. They must have a transcript from their registrar that shows they are a full-time student at that university and they must have a professor who can mentor them.
First Prize: USD $5,000
Second Prize: USD $3,000
Third Prize: USD $2,000