Business plan competition "next generation vol. 8":
"Young entrepreneurs" impress with innovative ideas
- Each year, the Federal Ministry of Education and Women's Affairs teams up with Bank Austria, the AplusB start-up centres and Young Industry to invite students to come up with business ideas and present them in the form of a business plan
- The winner in the category of "Best Business Idea" was the federal commercial academy in Gänserndorf with its "Shreddys" non-returnable bottle shredder
- Victory in the category of "Best Business Plan" went to the Schumpeter federal commercial academy in Vienna for its "ReGreen.at" carbon dioxide reduction concept
- A total of nearly 500 teams from Austria, South Tyrol, Albania and Bulgaria participated in the 2013/2014 school year, and the competition will be held again next school year
The "next generation" business plan competition, in which students are invited to submit entries in the categories of "Best Business Plan" and "Best Business Idea", was held for the eighth time this year. The aim is for students to gain an understanding of economic interrelationships, develop business ideas and present them in the form of a business plan. "The focus is on the professional development of a business plan and on tapping into the students" creative potential," explained one of the competition's organisers, Martin Wegscheider from the federal commercial academy in Imst.
Helmut Bernkopf, Member of the Management Board Commercial Banking Bank Austria, said: "The students of today are the entrepreneurs of tomorrow! So it is only logical for us as Austria's leading commercial bank to optimally support company founders and young entrepreneurs from the very start. In this way, we contribute to ensuring that the young people in our country get the very best education. For example, we offer coaching sessions with our commercial banking relationship managers in all of the provinces as part of the business plan competition."
The group "ReGreen.at" from the Schumpeter commercial academy in Vienna's 13th district took first place in the category of "Best Business Plan". The jury was won over by the group's idea for the reduction of and compensation for carbon dioxide emissions. Second place went to the group "Community Connect" from the federal commercial academy in St. Pölten. Their app for sharing carpooling opportunities when going out is evidence of the students' creative potential and social commitment. Third place in the category of "Best Business Plan" was split between the teams from the federal commercial academy in Hollabrunn with their project "SweetyTweety", a pastry shop serving tasty treats made from organic ingredients, and the federal commercial academy in Imst with its VEZA idea, an organic farming method for agricultural products that uses waste water.
First place in the "Best Business Idea" category went to the "Shreddys" team from the federal commercial academy in Gänserndorf, Lower Austria, who developed a concept for a non-returnable bottle shredder for private households. The group "SYMO – Create your own" from the Linz-Rudigier federal commercial academy in Upper Austria won second place for its business idea for a mobile phone that features modular components that can be replaced at any time. Third place in this category was also shared by two school projects. The first was the group of students from the federal commercial academy in Ybbs, Lower Austria, with its "Dream Nails" idea, which involves dating nails for meeting new people spontaneously and easy dating. The second was the team from the federal commercial academy in Spittal an der Drau, Carinthia, with its "FaTron Fashionist" idea, an ultra-intelligent organisation and storage system for any wardrobe.
The awards ceremony was held on 25 April at Bank Austria's offices in Innsbruck. The ceremony was opened by Bank Austria Regional Director Martin Anker, followed by an introductory presentation on the topic of "Debt Financing for Company Founders – Simple and Impossible?" by Achim Hartmann, Head of Bank Austria's Financial Planning department. This was followed by the announcement of this year's winners in the categories of "Best Business Plan" and "Best Business Idea" by Thomas Falkner (Tyrol Economic Chamber), Christian Weissbacher (CAST Start-Up Centre) and Johannes Lindner (eesi Impulse Centre). One especially noteworthy aspect is the fact that the entire competition was organised with the help of a group of students from the "Entrepreneurship and Management" programmes at the federal commercial academy in Imst and the Schumpeter commercial academy in Vienna.
It has already been confirmed that the "next generation" business plan competition will be held again next school year.
Enquiries: Bank Austria Press Office Austria
Volker Moser, tel. +43 (0) 50505 - 52854