Local high school students have the chance to win $500 in the inaugural Victoria University 'I Plan a Business' (iPAB) competition.
The competition asks students to develop a business plan for a new business idea.
Organiser Professor John Breen, from the School of Accounting, said the competition is designed to encourage the development of entrepreneurial skills among young people in the region.
"Being entrepreneurial is an important attribute in these tougher economic times," Professor Breen said. "There is no better time to plan ahead than when the economy is on the slide."
There will be five categories:
- Division A for individual students in Year 10
- Division B for individual students in Year 11
- Division C for groups of up to six Year 10 students
- Division D for groups of up to six Year 11 students.
- Division E for multimedia entries open to individuals or groups of up to six students in any year.
All students in high schools in the local government areas of Brimbank, Hobsons Bay, Maribyrnong, Melton, Moonee Valley and Wyndham are eligible to enter.
Prizes of $500 will be awarded to the winners in each category and all entries receive a certificate of participation.
The competition may be used as a practice run for a national competition being run by CPA Australia, 'Plan Your Own Enterprise Competition'.
All entries must be no more than 2000 words and must follow the guidelines covering six key areas: the idea; marketing; location; operations; human resources; and financials. Entries must be submitted on the supplied form by 30 June.
For entry forms, guidelines and further details contact Professor Breen at VU on 9919 4641 or email: [email protected].
Marketing and Communications Department, Victoria University
Ph: (03) 9919 4243; mobile: 0400 465 459; email: [email protected]