You should say:
I would like to talk about the time I had to get out of my comfort zone to join an Innovation Challenge Contest which made me think out of the box and work flat out to become the runner-up.
This annual contest is open to all undergraduates and post-graduates around the world. Each year this contest draws the attention of more than 30 000 people so it was really competitive and challenging for me. Therefore, when I was awarded the runner-up prize, I was deliriously happy and extraordinarily excited.
The goal of the Challenge was to recognize individuals and organizations that were working on internet-based solutions to promote education and economic empowerment in countries throughout the world. Therefore, it really required creativity and imagination from each team joining the contest. I had to buckle down and brainstorm ideas for the challenge until I came up with the best one to be accepted for 4 consequent rounds.
At the end of the day, my team and I had really gone extra miles to become the runnersup and it was really an unforgettable experience to me. After all, I can take pride in myself for all the thing I achieved with my imagination and creativity.
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IELTS Band 8 Sample Topics