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How can small businesses change/adapt their business models to the new normal?
Challenge Type: business
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$800
top 50%
149
submissions
DONE
36 months

The pandemic has had a large impact on small businesses and their owners. Many have shut down, some have pivoted and others are struggling to survive. We want to hear your thoughts and ideas on how small businesses can survive and innovate. 

Deliverables

Please answer the following questions:

1a) Pick one industry (retail, manufacturing, fitness, restaurants, etc.) and tell us how they can innovate and adapt to the new normal.

1b) What unique business model can this industry adopt?

2)  How can technology help small businesses grow? Extra credit for a new and innovative product/service idea!

3) How can large corporations help small businesses in their industry? E.g. mentorship and incubation programs.

    Submissions will be graded on the following criteria:
  • 1-10 Scale
Reward Tiers
Top 10%
will share $500
Next 15%
will share $200
Next 25%
will share $100
Actual individual rewards will be based on the total number of eligible solutions.
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