The GSC was established in 2006 by London Business School MBA students Simon Schneider (MBA2007) and Janeen Chupa (MBA2007) with the support of several partner organisations, and is the first competition of its kind in the world. Now in its second year, the GSC is an opportunity for start-ups to showcase their ideas to investors, media, governments and industry leaders. The winner will receive a minimum $500,000 grant and Paladin Capital will provide exclusive mentoring - making the GSC the largest business plan competition in the world.