2016 Shark Tank of Wellness Student Competition
The “Shark Tank of Wellness” competition is a unique global challenge in which university students have the opportunity to submit their most innovative, impactful idea for the wellness industry. We define the wellness industry broadly and are looking for innovations in sectors as varied as architecture/design, beauty, education, fitness, hospitality, investment, medicine, nutrition, real estate, spa, technology, travel, tourism, and more. Submissions should take the form of a written application as well as a short one to two minute video presentation of the idea. The wellness industry is currently valued at over USD $3.4 trillion, thus providing ample opportunity for people with great ideas!
The top three finalists will be flown, along with their professors, to the annual Global Wellness Summit (GWS) held October 17-19 in Kitzbühel, Austria. Here, they will present their business idea to the attending Summit delegates — a “who’s who” in the global wellness world. Several business leaders will act as “Wellness Sharks” and ask questions of the students, who will defend their innovation and make a business case for its feasibility.
The competition is open to both individuals and teams of students over the age of 18 from anywhere in the world. If a team is chosen as one of the top three finalists, the team leader will be flown to Austria along with his/her professor or faculty advisor. This contestant must be an undergraduate student (working towards a two year diploma or four year Bachelor’s degree) or graduate/post-graduate student (working towards a masters, MBA, JD, MD, or PhD degree) in a university or college of distinction. They must be either a full-time or part-time student at the university or college, and they must have a professor or faculty advisor who serves as a mentor to them. There is no entry fee.
Students are asked to submit a future-focused, innovative wellness idea, product or service that has the potential to become a profitable business venture. Each individual or team is required to submit a Concept Submission Form in addition to a one to two minute video. Each individual or team will present their idea in the video, focusing on why their innovation could positively impact the wellness industry and how exactly it could become a viable business.
Video length: Video must be between one to two minutes.
Video submission: Video must be uploaded on the contestant’s YouTube or Dailymotion account (Please refer to YouTube’s and Dailymotion’s upload guidelines for more information).
The video must contain only original work and not be subject to any copyright restrictions. All entries become the property of the Global Wellness Summit, which retains the right to publish the entries in all media formats including but not limited to print, digital, and broadcast. Entry creators and the GWS will be acknowledged in all published versions. See Official Rules.
The competition begins on Monday, April 4, 2016 at 12:00 pm GMT and closes on Monday, Aug. 1, 2016 at 12:00 pm GMT. Late submissions will not be accepted. The top three concept submissions, as decided by the judges, will be announced on Wednesday, Aug. 17, 2016. Arrangements will then be made to fly each of the top three student finalists and the professors working with them to Tyrol, Austria for the Global Wellness Summit, October 17-19 in Kitzbühel.
The “Shark Tank of Wellness” Finalist’s Competition will take place on Tuesday, Oct. 18, 2016 on stage in front of the audience of delegates and the “Wellness Sharks” judges. The first-, second- and third-prize winners will be announced on-stage Wednesday, Oct. 19, 2016 at which time the prizes will be awarded. The winners will be listed on the Global Wellness Summit website and promoted on social media post-Summit.
The competition is closed.
The top three finalists who will compete on stage in Kitzbühel, Austria are (in alphabetical order) :
First Prize: One (1) first-prize winner will receive USD $5,000
Second Prize: One (1) second-prize winner will receive USD $3,000
Third Prize: One (1) third-prize winner will receive USD $2,000
Total value of all prizes is US$10,000.
Additional non-cash prizes include airfare and hotel accommodations in Tyrol, Austria for the top three student finalists (individual or team leader) and their professors; also included is access to the three-day Summit ($2,650 value) including all general sessions, breakout discussions, and industry forums, featuring global industry leaders. A myriad of social events and a final evening gala is included. This is a priceless opportunity to meet and learn from global visionary leaders.
Entries will be judged on the following criteria, which will have equal weighting: project innovation, visual appeal or design, relevance and importance to the wellness industry, viability as a business (customer/market analysis and competitors), and quality of the project presentation. Judges’ decisions are final.
The sponsors of the competition comprise the judging panel and will play the role of “Wellness Sharks” while students are presenting their business ideas on stage. All “Wellness Sharks” are leading experts in the wellness industry.
For any additional information, please contact Alexandra at [email protected].
If you are interested in supporting students by becoming a Wellness Shark, please contact Michelle Gamble at [email protected].
Regional Vice President & General Manager, Four Seasons Hotels and Resorts
Simon Casson is the regional vice president and general manager of Four Seasons Resort Dubai, which opened last year. As well, Simon is the chair of the Four Seasons Global Spa Task Force, working with general managers and spa leaders to assure that individual hotel spas get attention and support. A highly regarded, 25-year industry veteran, he is consistently ranked among the “Hotelier Middle East Power 50.”
Senior Vice President, Global Spa Solutions, ESPA
Internationally qualified in Wellness, Beauty, Aesthetics and Aromatherapy, Tracey has been 26 years in the industry; the last 18 have been with ESPA. In 2003 Tracey launched and managed ESPA USA out of Miami, Florida, returning to ESPA UK in 2005 to oversee the Spa Division managing 140 Spas in 55 countries, including Asia, Miami and Dubai satellite offices and a team of Operations Associates. Today, Tracey runs Global Business Development, focusing on strategic growth with a new performance based partnership model.
President and Founder, Iredale Mineral Cosmetics
Jane Iredale founded Iredale Mineral Cosmetics in 1994 and serves as its CEO and president. Jane’s mineral makeup line is sold nationwide in spas, salons, clinics and specialty retail. Internationally, the line is sold in 52 countries. The company maintains an active ecommerce site. She was ISPA’s Visionary of the Year in 2014.
General Manager, Chiva-Som International Health Resort
Sheila McCann is general manager of Chiva-Som and has global experience leading destination wellness retreats and brand development in hotel and day spas in North America, the UK, Europe and Asia. Sheila began her career as a spa therapist and is passionate about wellness, professional integrity and quality standards. She holds an MBA in leisure and tourism from Oxford Brookes and serves on the IHWA ethics committee.
Founder & CEO, ResortSuite
As founder and CEO of ResortSuite, Frank Pitsikalis leads the company’s strategic vision to provide integrated, guest-centric technology for wellness-based hospitality operations. Prior to ResortSuite, Frank worked at global management consulting and software firms advising organizations on utilizing technology at a strategic level. Vice chairman of the ISPA Foundation, he also has served on the ISPA board of directors for the past seven years.
Director, International Sales, Klafs GmbH & Co. KG
Frank Strobel has over 12 years of experience in the spa industry. As director of KLAFS International Sales, one of the world’s market leaders in sauna, pools and spa, Frank and his team are responsible for over 60 partners worldwide. He coordinates direct sales and collaboration with customers and partners and always keeps a close eye on the market to detect and set trends.