For Phase 1 – the COB Agriculture Business Challenge, students underwent a series of training sessions commencing with the Preparatory Leadership Training. During these training sessions, team leaders from the various schools were introduced to best practice business models with a view to help them better understand the industry and opportunities available across the value chain of the sector. To further highlight the importance of agriculture and its various facets of business as well as to encourage team work, there will be two competitions during this phase – the Recipe Competition and the Cook Off.
"For the Business Challenge, each school team will pitch their idea to a panel of judges, and similar to the original $20 Challenge Framework, will be loaned $20 per student towards the working capital of the business."
For the Business Challenge, each school team will pitch their idea to a panel of judges, and similar to the original $20 Challenge Framework, will be loaned $20 per student towards the working capital of the business. Additionally, equipment will be provided up to a maximum of $1000 per school based on the strength of the project proposal. Teams will be guided and mentored by volunteer Ambassadors assigned to each school. There will be three Ambassadors per school drawn from the business community, the agriculture sector and the culinary arts profession. Following their successful pitching session, the teams will conceptualise and develop their business and run them for 8 months. During this period, they will be afforded the opportunity to showcase their businesses at the Agrofest Exhibition under a branded Agri- Business Challenge tent, as well as participate in a number of Ministry of Agriculture sponsored Farmer’s Markets.