Launched in November last year, the Screw Business as Usual competition is designed to discover the most exciting and innovative ideas from around the world that, in Branson's words are "truly screwing the business as usual mentality and making the world a better place".
Entries that have been included for consideration include the invention of an ethical football that stores energy for use in resource poor areas, a sustainable surf wear and the idea of a world without offices, helping to create better communities.
The winner will be whisked off to South Africa with Branson and Virgin Unite, the not-for-profit foundation of the Virgin Group, on a Connection Trip. They will meet with frontline leaders there who are making a difference in communities, share ideas with young entrepreneurs at the Branson Centre of Entrepreneurship and spend time with Branson at his private game reserve Ulusaba.
Joining Branson in selecting a winner will be a range of business leaders including Jane Tewson who has founded several not-for-profit organisations, the most recent one being Igniting Change, which supports new ideas for social action in Australia. She was also the brains behind the Comic Relief initiative when it launched in 1985.
Also on the judging panel is Tony Banks, philanthropist and the founder of the Balhousie Care Group, who has campaigned tirelessly for Combat Stress, the military charity providing care to veterans with mental health problems.
Check out more about the competition and read about the entries here.