Deadline:
March 07, 2025
Location(s)
Monaco Online
Quai Louis II, 98000 Monaco
Overview
he Mark Challenge is a prestigious business plan competition hosted by the International University of Monaco (IUM). It brings together students, alumni, academic professionals, and business leaders from around the world to reimagine the future of luxury entrepreneurship.
This year, we’re looking for groundbreaking projects that represent creativity, sustainability, and excellence: whether they’re at the concept stage or the beginnings of an emerging luxury start-up. Participants will gain access to a unique platform to refine their ideas, adapt to the fast-changing luxury market, and develop the resilience needed to thrive in this dynamic industry.
Don’t miss this exclusive opportunity to make your mark on the world of luxury!
Details
#LeaveYourMark The Mark aims to engage highly skilled, responsible students and business leaders from all over the world by fostering entrepreneurial spirit, collaborative work, and mutual understanding. We are rooted in a multi-cultural territory that encourages high value service activities, innovation and corporate social responsibility.
The competition aspires to:
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Support and showcase the next generation of entrepreneurs, who start their business ventures from all over the world,
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Foster innovative ideas and business concepts in the luxury fields, through creative channels to better target the HNWI and UHNWI worldwide,
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Develop and promote essential skills of international students and Alumni: collaborative working, critical and creative thinking, project management,
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Enhance the Principality of Monaco’s image as a place supportive of entrepreneurial initiatives with a social or environmental impact.
The Mark Challenge has been created as an IUM internal competition for IUM Master Students in 2014. Since then, the competition has been opened to international business schools and universities developing programs in luxury management and entrepreneurship. In the last edition, 69 business schools participated in the competition, which represented 346 international students. The Grand Final was for the first time held online.
Why Monaco
The Monaco business environment develops successful and thoughtful leaders and entrepreneurs. Students and professionals from all over the world are given the opportunity to network and share ideas in a multicultural environment. Among the many aspects which make Monaco a strategic location for doing business in Europe are its unique political and economic environment, its strong infrastructure, the high density of financial activities, and security for residents.
International trade with a turnover of 2.5 billion euros. Monaco is the home of 4,500 companies. Prominent sectors include services, real estate and construction, engineering, banking and finance. Governmental policies encourage entrepreneurship and business development, and there is a strong culture of entrepreneurialism.
Contrary to what one may think, revenues from the Monaco Casino only represent around 5% of the Principality's GDP!
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
Audience and participants of the Grand Final
The grand final is open to:
- Category 1: Final year Bachelor students, Master students
- Category 2: MBA, Executive MBA, Alumni, professionals with or without university degree
Dates
Deadline: March 07, 2025
Cost/funding for participants
Various awards!
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
