RMIT Vietnam NewsRMIT Vietnam's team a winner in RMIT Business Competition

RMIT Vietnam's team a winner in RMIT Business Competition

Wednesday, October 21, 2009 - 17:30
Matthew Kershaw, Nick Carrillo and Danny Tse (left to right)

A plan for the establishment of a new private high school in Hanoi has won a major prize in a prestigious 2009 Business Plan Competition which took entries from RMIT students in Australia, Vietnam and other locations.

Matthew Kershaw, Nick Carrillo and Danny Tse (left to right)

Sunshine Team, comprised of three Executive MBA students on RMIT's Hanoi campus - Nick Carrillo, Danny Tse, and Matthew Kershaw - was awarded the AUD $5,000 (85.5 million VND) Merchantlink Prize for their business concept 'Hanoi Premier High School' at a gala ceremony in Melbourne, Australia, last week.

Team Leader Nick Carrillo said it was 'fantastic' to receive high recognition from the many international industry leaders in Australia who judged the Business Plan Competition, which this year awarded a total of AUD $98,000 (more than 1.6 billion VND) in prizes.

"We are extremely grateful to RMIT University in Melbourne for hosting such a professional, well-run event for RMIT students who have an entrepreneurial spirit," Mr Carrillo said.

Hanoi Premier High School will provide a unique curriculum called Vietnam Premium, which extends the traditional Vietnamese National Curriculum by combining it with specialty international and English programs.

By providing high educational quality for Vietnamese students, Hanoi Premier High School aims to provide a new educational pathway to international tertiary institutions.

RMIT Vietnam President Professor Merilyn Liddell said the annual RMIT Business Plan Competition is open to all RMIT students worldwide and encourages teams to create innovative businesses and ideas through the development of competitive business plans.

This year more than 100 people from the business community in Australia contributed their time and expertise as judges, mentors and other supporters.

"The competition has supported student entrepreneurship for nine years and is one of the largest of its kind in Australia," Prof. Liddell said.

"We have great cause to celebrate because the total number of RMIT Vietnam teams taking part and going into Round Two of the Business Plan Competition this year is the best to date. Ten of the 97 teams entering the competition first round are from RMIT Vietnam and five of them made it to the second round. Our RMIT Vietnam MBA students are clearly up there with the best performers internationally."