Student Business Plan Competition opens

business plan

The 12th National Student Business Plan Competition is now underway; a competition which tests the flair and entrepreneurship of students preparing for a career in community pharmacy

The Pharmacy Guild of Australia’s 2018 competition was launched during the Annual NAPSA Congress in Sydney. Team member of the 2017 winning entry, Monique Scott from the University of Tasmania, launched the competition by detailing her experience to her fellow students.

“The competition was extremely rewarding and taught me so much about community pharmacy ownership, I encourage all of you to give it a go,” she said.

The competition, which commenced in 2006, looks for innovation among pharmacy students who will be the future owners of Australian and New Zealand community pharmacies. It aims to encourage student teams to use their talents and energy to create innovative business ideas in community pharmacy through the development of competitive business plans.

The timeline for the competition is:

Stage                                   Component                                                                     Due Date

One                                      Submit your Business Plan                                           13 May 2018

Two                                     Quarter Finals                                                                 18 June – 1 July 2018

Three                                   Semi Finals (including preliminary pitch)    23 July – 10 August 2018

Four                                     Finals: Live ‘Pitch’                                                          8 September 2018

Five                                      Finals: Post ‘Pitch’ Investor Meeting                         8 September 2018

In 2018 the competition’s focus on innovation will continue 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 a total of $15,000 in cash prizes to the finalists (top three teams) in addition to registration, flights and accommodation to attend the Guild’s 2018 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). The Pharmacy Guild of New Zealand is proud to support the competition, now in its fourth Trans-Tasman year.

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