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The Global Wellness Summit (GWS), the foremost gathering of international leaders in the $4.5 trillion global wellness economy, today announced that it is now accepting student submissions for its fifth annual \u201cShark Tank of Wellness\u201d competition.<\/p>\n
The contest is open to undergraduate and postgraduate students (18 years and older) around the world; entries will be accepted now through May 31, 2020.<\/p>\n<\/p>\n
Contestants will vie for $10,000 in prize money, with the first-place winner receiving $5,000, second-place receiving $3,000, and third-place $2,000, which can be used toward kick-starting their business concepts. The top three finalists will be announced mid-August.<\/p>\n<\/p>\n
Entries will be judged on their viability and can serve any aspect of the wellness spectrum, including architecture\/design, beauty, education, fitness, hospitality, medicine, nutrition, real estate, spa, technology, workplace wellness, tourism, etc. The finalists will present their concepts to a panel of \u201cWellness Sharks\u201d who will question them in front of an audience of 600+ business and thought leaders at the 14th annual Summit in Tel Aviv, Israel, taking place from November 10\u201313, 2020.<\/p>\n<\/p>\n
\u201cIt\u2019s so fitting to host our 5th annual Shark Tank-style student competition in Israel, which is also known as \u2018Start-up Nation.\u2019 Entrepreneurialism is in Israel\u2019s DNA\u2014with 6,000+ start-ups, the country is second only to Silicon Valley when it comes to innovation and invention,\u201d said Chief Creative Officer & Executive Director Nancy Davis. \u201cThe students will have a particularly rapt and receptive audience!\u201d<\/p>\n<\/p>\n
Chiva-Som (Thailand) is among the returning sponsors of the competition, and Karen Campbell, a business development director, will be among the \u201cWellness Sharks\u201d at the 2020 Summit. Campbell said, \u201cChiva-Som loves the enthusiasm of our young innovators and is delighted to be part of creating a platform where their aspirations can be showcased.\u201d
In addition to Chiva-Som (Thailand) returning as a sponsor, both Hyatt (US) and ResortSuite (Canada) will also return. Executives from each sponsoring company take to the stage as \u201cWellness Sharks.\u201d<\/p>\n<\/p>\n
In 2019, the first prize winner was Jazmin Darling, from Georgia\u2019s Savannah College of Art & Design, for her WEL organic organizers, which are designed to increase the longevity of fresh produce while stimulating healthy eating habits through visualization. Runners-up included Matthew Payne for RU Wellness Straw, a reusable straw with biodegradable flavor capsules to encourage hydration, and Simon Lewis for Enfuze Home Goods, a product that infuses the stress-relieving benefits of CBD into the home and clothing.<\/p>\n<\/p>\n
Student participants are asked to submit a Concept Submission Form detailing their viable business idea and a one-to-two-minute video presentation.<\/p>\n<\/p>\n