Business competitions are events where individuals or teams present their business ideas or plans to a panel of judges. These competitions often focus on innovation, feasibility, and market potential, allowing participants to showcase their entrepreneurial skills. Winners may receive cash prizes, mentorship, or opportunities for investment. Many universities and organizations host business competitions to encourage creativity and entrepreneurship among students and aspiring business owners. Notable examples include the Startup World Cup and the Global Student Entrepreneur Awards. These events not only provide valuable experience but also help participants network with industry professionals and potential investors.