Year 11 Business Plan Challenge 2014
The Year 11 Business Plan Challenge is a competition designed to encourage business thinking among high school students.
Participants select a new or existing product/service and develop a business plan that innovatively delivers the product/service to the market. When business plans have been completed, students present their research on developing and marketing their product as well as the relevant financial and human resource implications.
Students who participate in the Year 11 Business Plan Challenge gain valuable insight into the interesting opportunities that await them in the business world.
$2,500 for the individual or team and $500 for the school
In addition the Newcastle Business School offers a $2,000 scholarship to the winning student (or each student in the winning team). This scholarship is only available if the student successfully applies and is accepted into to either a Bachelor of Business, Bachelor of Commerce or Bachelor of Laws (Honours) degree at the University of Newcastle.
A one hour mentoring session with Slingshot. Slingshot provides seed funding, a dynamic co-working space, and a mentoring program that nurtures skills and relationships to enable entrepreneurs to build a remarkable company.
Runners up (3 finalists)$1,000 for individual or team and $500 for each school
Every Participant goes into the draw to win 1 of 4 iPads
Recognition for participation
Students receive a certificate recognising their participation that can be presented at school assembly and incorporated into their academic resumes. Our winning schools often enjoy recognition in the media as local papers are keen to support your achievements.
You just need an idea. Below are some of the previous entrants and their business concepts.
St Columbia Anglican School, Port Macquarie
Ben's product, the JamVan, was for a high quality, accessible recording service for musicians within the Port Macquarie and surrounding region. Ben produced a detailed business plan and presented at the final before being selected as the winner of the 2013 competition.
Ben's win in the Port Macquarie News: http://www.portnews.com.au/story/1926867/ben-robinson-wows-the-judges-with-his-pitch/
Sefton High School, Chester Hill, Sydney
Joanne's business plan detailed a food company, Joat's Oats, that specialised in products containing oats. Joanne was a finalist in the 2013 competition and came to Newcastle to present to the judges.
Hunter Valley Grammar School, Hunter Valley
Mitchell developed a business plan for a frozen yoghurt shop, Fro-Yo-2-Go. Mitchell presented his concept in Newcastle as a finalist in the 2013 competition.
Danebank High School, Hurstville, Sydney
Emily's concept for a milk shake bar, Shake It, earned her a place as a finalist in the 2013 competition.
A great overview of business
The various elements addressed in any business plan align very closely with the discipline areas offered across the Newcastle Business School.
Entries can be made by individuals or teams of up to four students. Students need to select a new or existing product/service and develop a business plan to deliver the product or service to the market in an innovative way. Students are to submit their entries by mail to the University of Newcastle and should be postmarked no later than Friday 29 August 2014.
The Business Plan format is flexible, however a comprehensive template is available at www.business.gov.au
FOR FURTHER INFORMATION PLEASE CONTACT:
Newcastle Business School
University of Newcastle
T 02 4921 5511