A competition open to all students at RMIT Vietnam is bringing business, organisational and community ideas to life.
Now in its 15th year, the RMIT Business Plan Competition is broadly recognised as a leading incubator for students to develop the business skills, experience and networks necessary to become the next generation of entrepreneurs and intrepreneurs.
Last year, student from RMIT Vietnam took out first and second prize at the competition held in Melbourne, Australia.
The team behind Nutrimens was awarded the $25,000 RMIT University First Prize for their innovative business idea to deliver ready-to-cook kits to busy city workers.
The $10,000 RMIT University Second Prize went to DreamKids, for its work on an additional after-school care service complementing the existing DreamHouse kindergarten childcare service.
With a total prize pool of up to $100,000, the Business Plan Competition is one of the biggest programs of its type in Australia, and is open to vocational education, undergraduate and postgraduate students in Melbourne, Vietnam and Singapore.
More than 3,500 people have taken part since 2001, with many past entrants now running successful businesses in Vietnam and around the world.
Dr Marcus Powe, RMIT’s Entrepreneur in Residence, recently met with students at RMIT Vietnam’s Saigon South and Hanoi sites as part of the competition’s launch.
“The competition is not simply a search for the champion,’ Dr Powe said.
“But it helps students to progress from theoretical concepts to practical business plans, encouraging learning by doing.
“It also helps to set a solid foundation for future entrepreneurs to take their initiatives out into the marketplace and make a difference,” he said.