The first ever team from RMIT Vietnam to take out the international RMIT University Business Plan Competition have been feted at a gala reception in Ho Chi Minh City on Tuesday night.
One of the biggest competitions of its type in Australia, the RMIT Business Plan Competition is open to TAFE, Diploma, undergraduate and postgraduate students across all RMIT campuses in Australia, Vietnam and Singapore.
TixZone, comprised of RMIT Vietnam Bachelor of Business (Economics and Finance) students Nguyen Thao Vy, Nguyen Khoa Bang and Nguyen Trung Duc won the $25,000AUD RMIT University First Prize with their innovative business idea to create an efficient, secure and reliable online ticketing system.
The team's proposal was a platform offering full ticketing solutions as well as service packages for event organisers. Once they have established the ticketing system, the start-up will work on providing a secure system for sellers and buyers to trade their tickets online.
Team leader Nguyen Thao Vy said it was "a dream come true" to become the first team from Vietnam to win the competition. "I would like to thank my team members, and in particular RMIT Vietnam Entrepreneurship Lecturer Eytan Schmal who supported us throughout the competition process," Vy said.
"This competition has given me more than what I have ever expected. It's not the prize itself, but the team spirit, the experience, and the lessons that I have learnt along the way that matter."
This year a total of 136 teams entered the competition, with 43 of them from Vietnam. Total prize money to all winners in the 2013 RMIT Business Plan Competition was more than two billion dong ($100,000AUD).
RMIT Vietnam President Professor Joyce Kirk extended her congratulations to TixZone and to all the teams from Vietnam who entered the competition.
"To see the first winner from RMIT Vietnam campus is really such a tremendous result, not only for the team and all their supporters and advisors, but for RMIT Vietnam itself," she said. "To not just compete honourably on the world stage, but to emerge victorious is truly a great achievement."
'To the other finalist from RMIT Vietnam, team Snipers, well done and congratulations. And to the other nine teams from our Vietnam campuses who advanced to the second round of the competition, I can only say, well done."
Mr. Christopher Butler, Office Managing Partner and Tax Market Leader of Ernst & Young, who advised many of the Vietnam teams in the competition, said that with two teams in the final and one winning, RMIT Vietnam had "truly come of age" in the competition.
"In reflecting on the Business Plan Competition, I was reminded of something Robert Kennedy once said: 'Some men can see things as they are and say why, I dream things that never were and say why not'."
"That really sums up what being an entrepreneur is all about," he said.