Lockdown Economy Challenge
Across the world, young people are being disproportionately affected by the COVID-19 pandemic, particularly in the world of work. The educational systems are struggling to provide students with the skills required in the modern economy.
Led by the Think Tank AlterContacts and its Academy for Sustainable Development, the UN-recognized initiative working towards innovation in education and a better future, this Competition aims to prepare students for their professional life, providing them an opportunity to learn by doing.
The set of 330+ small-business case studies for students represents 41 countries and 17 languages. That accounts for the local conditions in different parts of the world.
In this program, students actively address the current economic crisis and come up with sustainable, innovative, and entrepreneurial ideas on how we can help small businesses around the world. They acquire the skills necessary for the modern labour market. The program has many effective ways to plug into society and have a real impact on current issues. It becomes their vehicle for school-to-work transition.
Pilot program hosted with the Anahuac Mayab University, Mexico, August 2020
Pilot projects hosted with
MBA Course: Lockdown Economy Challenge
Together with the Anahuac Mayab University in Mexico, and professor PhD Alejandro Kantun, in August 2020 we hosted the pilot of the Academy. It was a 3-weeks MBA course based on the information provided in the Lockdown Economy. Five small-business owners featured in the Lockdown Economy interviews were paired up with five teams of students to address the real business problems of the COVID-19. During three weeks, students worked together with experts to design a new approach and how to implement it. They had multiple conversations to do a reality check and align. It went as far as students actually having to test the ideas they were proposing with the local government and universities. We have seen a very positive reaction both from students and business owners. It was an alternative way to learn and the exposure they got to international business is priceless for their future.
Bachelor Course: Operations Management
Together with the Epoka University in Albania, and PhD Alba Kruja, from November 2020 to February 2021 we carried out the Operations Management Course for 150 Bachelor Students in the 3d year, based on the information provided in the Lockdown Economy. They conducted interviews with small businesses in Albania and prepared an analysis of their operations.
Lockdown Economy Challenge was nominated for the Social Innovation Tournament of the European Investment Bank Institute. For its innovation in scaling social impact initiatives.
By equipping students with the skills and network necessary to start a professional life, this project set out to facilitate successful school-to-work transition, promote active citizenship and sustainability education.
EASY TO IMPLEMENT
The Competition has a step-by-step guide on how to set it up in any educational institution. It takes from 1 to 2 weeks to launch it.
The set of 330+ small-business case studies for students represents 41 countries and 17 languages. That accounts for the local conditions in different parts of Europe.
Everything is fully digital which allows it to be remote, safe for health, and green.
BENEFITS FOR STUDENTS
Opportunity for “hands-on” collaboration with international virtual teams using new digital methods.
Chance to kickstart their professional career by adding practical experience to their academic curriculum.
Stronger foundation and practical skills required in the modern world, such as innovation, creativity, collaboration and entrepreneurship.
Access to networks that provide opportunities for internships, further development and employment worldwide.
Being an active global citizen and contributing to SDGs.
HOW TO APPLY
Participating universities contribute one-time registration fee to run the competition, receive the toolkit and continuous guidance from the Think Tank AlterContacts.
After signing the collaboration agreement with the Think Tank, the university announces the competition and the deadline to its students.
It is open to apply for any student of the participating universities.
Impact on Sustainable Development Goals
You can continue being active in business, even if the majority of the work is being postponed to “better times”. By partnering with various organizations and clients both on pro-bono and business bases you can reimagine and rebuild the future together. Learn from Poom Narudee Kristhanin, the CEO and Founder of Eureka Global, a transformation consultancy based in Thailand that has been active in the Asian market since 2006.
Most companies are focusing on business as usual, and very few are preparing for new uncertainties, scenarios and making the most of the opportunities that come up from the crisis. How can you understand your business better and how to spot unique opportunities in instability? Learn from Fabrizio Faraco, the founder of In Sprint, an Italian based facilitation business, that helps companies achieve success and autonomy.