Preparation guide
How to prepare for Diamond Challenge
Pitch a business or social venture concept against teams from more than a hundred countries, for a prize pool above $100,000.
Competitive · Not confirmed
Where the points actually are
Judges at this level see hundreds of plausible ideas. What separates the advancing teams is evidence: having actually spoken to people with the problem, and being able to say what you learned that changed your plan. A modest idea with twenty customer interviews behind it beats an ambitious one built entirely from assumptions.
Topic breakdown
- 01Problem definition
- Name a specific problem experienced by a specific group of people. Judges discount broad problems stated in the abstract almost immediately.
- 02Customer discovery
- Talk to people who have the problem, before you design the solution. Record what surprised you. This is the section most entries are thinnest on.
- 03Business model
- How money moves: who pays, how much, how often, and what it costs you to deliver. For the social track, how impact is sustained rather than how profit is made.
- 04Evidence of traction
- Anything real: a prototype, a waiting list, a pilot, a signed letter of interest. Small real evidence beats large projections.
- 05The pitch
- Written first, then live. In both, the first thirty seconds should make the judge understand the problem without any jargon.
A study plan that works backwards from the date
- September Register, then spend the first month only on the problem. Interview at least fifteen people who actually have it. Write down what you got wrong.
- October Design the solution against what you heard. Build the cheapest possible prototype, even if it is paper.
- November Work out the business model and the numbers. Attend the free Diamond Challenge support events; they are pitched at exactly this stage.
- December Write the submission. Have an adult outside your team read it and tell you what they did not understand.
- Early January Revise and submit well before the deadline. Then start practising the live pitch, because semifinalists have less time than they expect.
Tips that come from the format itself
- Pick the right track. Social Innovation is judged on impact sustainability, not profit, and entries in the wrong track are effectively penalised.
- Customer interviews are the highest-leverage hours you will spend. Fifteen real conversations changes the entry completely.
- Free pre-submission support events run every year and most teams ignore them.
- Teammates can come from different schools and countries, which lets you build a team around complementary skills rather than proximity.
- Past winning pitches are published. Watch three before you write anything.
Practice resources
-
Diamond Challenge official site (also: diamond challenge resources and support events)
Registration, track descriptions, judging criteria, deadlines and past winners. Free curriculum and live pre-submission workshops run by Horn Entrepreneurship.
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Venture Well and Lean Startup customer discovery material
Free guidance on customer discovery interviews, which is the weakest part of most entries.
Past papers and official materials
- Past finalist pitches
Winning concepts and pitch recordings from previous years are published on the official site.
Skills this builds
- Problem framing
- Customer research
- Business model design
- Financial estimation
- Written pitching
- Live presentation