61.Describe a competition (music, sports, etc.) you would like to take part in

You should say:

‣ what competition it is

‣ what you would do in this competition

‣ why you want to take part in it

Sample Answer:

Well, there's one business idea that makes me get up every morning, and I really want to implement it in the near future. But I don't have enough money for it 'cause it requires huge investment And this is a big problem as while l'm still thinking, someone else is acting. I want to create a blockchain-powered educational marketplace It will be like Coursera and eBay mixed together. Both content creators and students will benefit from it because smart contracts that are used by the blockchain technology will guarantee easy, fast, safe and commission-free payments. And no one will have to control the whole system as the system will regulate itself. So what I want is to take part in a startup battle and pitch my project to investors. I've already done some research, and now 1 know more or less what I need to do to enter such a competition. At first, I have to submit an entry which is processed by a panel of judges. If they feel that angel investors may take interest in the project, I move to the next stage. As a rule, finalists are selected to pitch on stage or have one-to-one short meetings with_ potential investors. 'l have to prepare a detailed business plan, write a powerful pitch and prepare an investor offer cause no one will invest a lot of money in the project if l cannot explain how exactly it will  generate profit for investors. I suppose such a competition will allow me to test my idea to see how viable it is. I will have a chance to prove to everyone that my idea is worth implementing. In the best-case scenario, i will attract investment to develop my project. Also, I'IL get much needed PR coverage through local (national_ or international) media. I really want to make a difference in the world and become as famous as Steve Jobs or Elon Musk. And even if it all goes wrong, l' get invaluable experience in order to get better prepared next time and not to make the same mistakes. In any case, it will be a good opportunity to get my business idea evaluated by independent experts. And I'm sure it Wil be a stepping stone to achieve something great in life.