The Pharmacy Guild of Australia’s National Student Business Plan Competition has named the three finalist teams for 2015.
The competition is an Australia-wide challenge promoting creative entrepreneurship among students preparing for a career in community pharmacy.
The three finalist teams, from a total of 18 entries, have successfully progressed through the business plan, quarter-final and semi-final rounds. The teams are:
- PlusCheck Pharmacy – University of Sydney;
- Performance Pharmacy – University of South Australia; and
- Vitality Pharmacy – University of Tasmania.
The teams produced business plans, answered online assessments, completed several essay questions and participated in an investor pitch as part of the competition, in order to be considered the top three teams for this year.
This year the judging panel have also awarded two teams highly commended prizes following their outstanding efforts throughout the competition.
Local Pharmacy – Charles Darwin University and Targeted Health Pharmacy – La Trobe University, will also be in attendance at the PBN and showcased to the delegates as innovative pharmacists of the future.
In 2015 the competition was also extended to the New Zealand pharmacy schools. Auckland University ran an internal competition with their third year students to introduce them to the competition concept and get them ready for entering in 2016.
Student Akhila Puthigae was awarded winner of the competition and receives complimentary flights, accommodation and registration to PBN2015. Puthigae will lead the Auckland University team in the 2016 competition.
The three finalists will now present their investor pitch ‘live’ at the Pharmacy Business Network in Melbourne, on Friday 18 September, with the winners announced at the Gala Dinner the following evening.
The competition will provide $12,000 in cash prizes to the finalists in addition to registration, flights and accommodation to attend the Pharmacy Business Network.
The competition, which commenced in 2006, is designed to encourage innovation among pharmacy students by asking them to create competitive business plans using their ideas, talents and creative business concepts.
The competition is an initiative of the Pharmacy Guild of Australia and is sponsored by Blackmores (principal sponsor), EBOS, Gold Cross Products and Services and Pharmaceutical Defence Limited (PDL).