Business plan competition open


business plan

The thirteenth National Student Business Plan Competition is now underway

The Pharmacy Guild of Australia’s 2019 competition was launched during the Annual NAPSA Congress in Adelaide.

Team captain of the 2018 winning entry, Ellen South from University of Technology Sydney, launched the competition by detailing her experience to her fellow students.

“I found the competition to be an invaluable experience which has set a good foundation for beginning my career as a community pharmacist. The experience highlighted the required knowledge and skills I will need to run a viable pharmacy business, especially as pharmacy management is such a small part of our university studies,” Ellen said.

Guild National President, George Tambassis, also addressed the students at the NAPSA Congress.

“I was really struck by how many pharmacy students were interested in the prospect of becoming owners of community pharmacies, and this competition is a terrific way for them to delve into the challenges and opportunities that come with owning a modern pharmacy business,” Mr Tambassis said. 

The competition aims to encourage student teams to use their ideas, talents and energy to create innovative new business ideas in community pharmacy through the development of competitive business plans. 

The competition guidelines and webpage were also launched at Congress and the timeline for the competition is below: 

timeline

The competition, which commenced in 2006, has been designed to encourage innovation among pharmacy students who will be the future owners of Australian and New Zealand community pharmacies. In 2019 the focus on innovation will be greater than ever to ensure that tomorrow’s owners look for highly differentiated services that they can provide to the Australian and New Zealand markets. 

The National Student Business Plan Competition is open to all students studying pharmacy in Australia and New Zealand and will provide $15,000 in cash prizes to the finalists (top three teams) in addition to registration, flights and accommodation to attend the Guild’s 2019 Pharmacy Connect conference. 

The competition is an initiative of the Pharmacy Guild of Australia and is sponsored by Sanofi Consumer Healthcare (principal sponsor), EBOS (major sponsor) with continued sponsorship from foundation sponsors Gold Cross Products and Services and Pharmaceutical Defence Limited (PDL).

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