Business competitions are events where individuals or teams present their ideas, products, or business plans to a panel of judges. These competitions often focus on innovation, entrepreneurship, and problem-solving skills. Participants may compete for prizes, funding, or mentorship opportunities, helping them to develop their concepts further. Many universities and organizations host business competitions to encourage creativity and collaboration among aspiring entrepreneurs. Notable examples include the Global Student Entrepreneur Awards and the Startup World Cup. These events provide valuable networking opportunities and can lead to real-world business ventures for participants.