Innovate today to impact tomorrow
Companies have a critical role to play in creating positive social impact. Whether it’s eradicating poverty or responding to the scarcity of natural resources, the world is turning to business to find solutions to such complex problems. So, business must ask – how can our insight and imagination transform society? The Imperial Innovation Challenge tasks you to solve this question. Through this one-week learning laboratory, you will apply innovating thinking to complex international issues and generate business solutions.
An immersive experience
Working in groups, you will use business model innovation to create economic disruption with positive environmental and social effects. By the end of the project, you will display critical knowledge of skills related to the management of innovation and understand how to articulate the importance of sustainable business model innovation in addressing global challenges.
This is an opportunity to showcase the business knowledge you’ve developed during your MBA so far.
As well as increasing your network across the Imperial College London community, the Imperial Innovation Challenge gives you a snapshot into the diversity of the College and the different ways that you can interact with other faculties.
You will have access to industry experts who will support you in your pursuit for an innovative solution. And leading this is an industry expert himself. Dr Charles Donovan, Director of the Centre for Climate Finance & Investment at Imperial College Business School and Principal Teaching Fellow in the Department of Management, brings his expertise and insights from a distinguished career in energy spanning academia and the public and private sectors.
The Innovation Challenge theme of 2020, Sustainable Infrastructure: Creating a Path to the Future, asked students to consider the social, environmental, and economic implications of a global transition away from fossil fuels and towards solar power. Through exploring how innovative business models can unlock scale and new sources of value, students considered how solar energy and complimentary technologies could redefine industries like digital banking, advanced transportation, and smart consumer goods.
As part of the 2020 Challenge, students participated in the European Business Insights trip to Copenhagen. Complementing the one-week on-campus learning lab, students explored how this dynamic and highly sustainable European city is approaching the challenges of chronic underdevelopment in our most important economic sectors, and whether lessons learned in Copenhagen can be applied elsewhere.
Imperial College Business School is at the heart of one of the world’s top-ranked STEM universities. Simulating the interdepartmental and cross-company projects out in the modern business world, the Imperial Innovation Challenge is a window into the impressive activity going on in different departments across College.
You will be exposed to new thinking and research from other faculties such as Natural Sciences, Engineering and Medicine to take on global challenges in health, energy, the environment and the digital universe. Through the Imperial Innovation Challenge, you will develop the cross-disciplinary expertise sought by recruiters and prepare yourself to tackle challenges across any sector you pursue.
The Imperial Innovation Challenge taught the importance of business innovation for solving some of the world’s toughest challenges. We were tasked to come up with a solution to any sustainability problem that involved infrastructure from the perspective of a corporation. This week allowed us to combine many of the lessons and skills we had learnt over the past six months in practical ways.