Business plan competition “next generation vol. 11”:
“Young entrepreneurs” impress with innovative ideas

For the eleventh time and in conjunction with UniCredit Bank Austria, the AplusB foundation centres and the Austrian Federal Economic Chamber have been inviting students to develop business ideas and present them in the form of business plans

  • This year's winner in the category "best business plan" is a group of students from BHAK Baden with their sustainable concept of reutilizing old euro-pallets
  • In the category "best business idea" a group of students from BHAK Spittal (Carinthia) convinced the jury with the innovative idea of a turtle that cleans parks and lakes
  • High interest and new participation record with teams from Austria, South Tyrol, Albania and Bulgaria
  • The competition will be continued next school year

The "next generation" business plan competition took place for the eleventh time this year and has become a fixture in the schedules of vocational education and training schools and colleges. The competition is designed in order to raise awareness for the topic of business start-ups, in particular regarding entrepreneurial thinking and behaviour as well as personal responsibility and students’ commitment. The competition’s award ceremony took place in the festival room at UniCredit Bank Austria in Innsbruck.

"Every year we encourage students to apply and present innovative ideas in the categories of 'best business plan' and 'best business idea'. The goal is to understand economic correlations, to develop business ideas and present them in the form of a business plan. What is most important here is to create a professional business plan and exploit students' creative potential"”, explain Martin Wegscheider from BHAK/S Imst and Johannes Lindner from the impulse centre for entrepreneurship education in Vienna.

Susanne Wendler, Area Head Corporate Customers at UniCredit Bank Austria: "Students today are the entrepreneurs of tomorrow! As the leading Austrian bank for corporate customers we definitely want to support company start-ups and young entrepreneurs from the very beginning in the best way possible. This annual competition is an ideal platform to inspire students and raise their awareness for the topic of business start-ups. Additionally we offer coaching sessions with our corporate relationship managers at each business plan competition in all federal states."

Euro-pallets for initial home furnishing
In the category "best business plan" BHAK Baden won the first place and 1,000 Euro. They were able to convince the jury with their sustainable concept of reutilizing old euro-pallets. Starting point of this idea was to develop a cost-saving possibility for the basic equipment and interior of an apartment, especially for young people. Both their idea and the elaboration of their business plan have convinced the jury. Second place winner was BHAK St. Johann/Pongau with their idea to create an app for people with common interests to meet and get to know each other. The podium was completed by the team of Schumpeter-HAK (Vienna 13) and BHAK 1 Int. Klagenfurt. The Viennese students developed an app to facilitate and secure girls' way home. In Klagenfurt the students created a chocolate automat. With this automat, by choosing different ingredients, one can make his own chocolate according to individual preferences.

The ecologically aware robot
First place in the category "Best Business Idea" and therefor 1,000 Euro went to BHAK Spittal who have impressed with their innovative idea of a "cleaning turtle": a turtle who, based on the model of lawn-mower robots, keeps parks and lakes clean. A group of students from BHAK Waidhofen/HTL Ybbs gained the second place with their business idea of a web platform that provides a clear overview of teaching material and units. The third place was shared by several teams: The groups "Easy Shopping" from BHAK Eferding and "The Little" from HBLW Ried/Innkreis as well as "Los Tres" from BHAK Bruck/Leitha.

For the winners from Albania and Bulgaria there was held an extra, national award ceremony where the winning teams received 500 Euro each.

Enquiries: UniCredit Bank Austria Corporate Communications
Franziska Schenker, Tel. +43 (0) 50505 - 51417
E-Mail: franziska.schenker@unicreditgroup.at