Everything you need to know about the 2019 Business Plan Competition...
- The competition is open to any individual or team that is a current student, alumni or current staff member of an Australian tertiary education institution
- Business ideas must be innovative within the education sector
- A participant cannot be part of more than one team
- Each team must nominate a leader who will be expected to pitch on behalf of their team if selected
- Participants may submit as an individual
- The template for the business plan can be downloaded from this link.
- The template must be completed in full. Appendices can be linked in the document however, they will not be included in the judging process.
- The submission should not exceed 1 cover page with contact details of team members and 2 pages for the business plan. Please adhere to the word count.
- All submissions must be made before 5pm on Monday 14 October. (Now closed)
- Submissions must be made via this link.
- In the event the file cannot be uploaded it can be sent to [email protected]
What the judges are looking for...
- Company name
- Team Leader name, email address, contact number, relevant educational institution
- Additional team members names, email addresses & relevant educational institutions
- Describe what service or product you will be selling and how effectively it will solve the problem you have outlined. Highlight what makes your product unique
- Briefly list any other companies providing products into your market and describe your competitive advantage over them
- Describe the problem you are trying to solve. Be sure to highlight who it impacts and the magnitude of the problem
- Define your target market, keeping in mind that this can be divided into 2 parts for education products; end-users and purchasers. Also describe the location of these customers, how you will reach them for marketing and how you will deliver the product to them
- List the members of your team and explain what experience they will contribute to the business
- Briefly describe a timeline for getting your business up and running
- Describe your business model, how will you price your product and how do you plan to make a profit
- Describe the capital costs required to start your business
- If possible project the first year’s revenue