Twelve teams are set to progress through to the quarter final round in the Pharmacy Guild of Australia’s annual National Student Business Plan Competition.
The competition is an Australia-wide challenge to encourage innovation among pharmacy students.
The 12 quarter-final teams are from eight Universities across Australia – including first time entrants Charles Darwin University and University of Technology Sydney, as well as Queensland University of Technology, University of Sydney, La Trobe University, Charles Sturt University, University of South Australia and University of Tasmania.
The teams’ progress to the quarter-finals was based on their business plans, including the level of innovation of the two services established and implemented in their pharmacy of the future.
Teams were required to develop two innovative services to implement in their pharmacies. One must be ‘new to the market’ or ‘highly differentiated’ from something already on offer, and the other should offer a social or community benefit.
Some of the innovative ideas included Smartphone Apps, collaboration with allied health, men’s health initiatives, Indigenous health initiatives, pathology collection and a superhero mascot.
This year the competition was also launched in New Zealand pharmacy schools, who have shown enthusiastic interest.
Auckland University are running an internal competition with their third year students to introduce them to the competition concept and get them ready for entering in 2016.
The Guild will provide the winner of the Auckland University competition a complimentary registration, flights and accommodation to attend PBN 2015, providing them with an opportunity to attend educational sessions, network and see the finals and presentation of the NSBPC 2015.
The National Student Business Plan 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.