The challenge is open to teams studying courses accredited by the CIOB at an accredited university/college, or universities/college recognised by the CIOB through reciprocity agreements (NBCMA and ACCE).
Each team shall be made up of 4 members (age irrelevant).
There should be no more than one postgraduate member in each team.
Each member of the team will assume the responsibility of a board member of their "company".
Support may be taken from two "non-executive directors".
Non-executive directors must be under the age of 35. Where possible one non-executive should be a member of the local CIOB Novus group.
Non-executive directors can mentor and advise the team. They must not actively participate in the team's decision-making process.
The university or team should contact their local CIOB branch/ Centre to determine if there is a member of Novus available to take on the role of non-executive director/ mentor.
The CIOB do not guarantee that there will be a Novus member available to take on the role of non-executive director/ mentor for each team.
Where there are no Novus members available to act as non-executive directors, the team can choose their own non-executive director/ mentor.
Non-executive directors will not participate in the Finals.
All members of the team will be required to register as CIOB student members. Membership for student is free.
