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NBR Audacious – Business Idea Competition Prize Giving 2009
Tuesday 2 June 2009
The message to student entrepreneurs at the NBR Audacious – Business Idea Competition Prize Giving was that if you don’t find success tonight, join the club. And it’s a pretty big club with some impressive members.
PocketSmith entrepreneur Jason Leong spoke directly to the 84 students who didn’t win last week. Leong himself entered the competition a couple of years ago without success. His entry in the competition was the financial forecasting tool PocketSmith. The application has now been contracted by the world's largest employee services company, United States-based Workplace Options, to help its client companies' employees with budgeting and financial planning. This year’s winners were Tim Vaughan, Joshua Jeffery, Geoff Howes and Henry Genefaas, Eilonwy Fung, Kane Edwards, and Clement Tan, and both Bruce Fairhurst and Ha Lim Kim entered two ideas which won them two awards each. The winners of the NBR Audacious – Business Idea Competition were awarded $1000 each for their best entrepreneurial ideas. The ideas were varied this year, with concepts focused on tourism, fishing, sustainability and technology. Audacious business coach Ryan Priemus said the challenge was designed for people with good business ideas which they would like to develop further. “The next stage of the competition is the real test of these ideas. Students have to provide a detailed plan that covers all aspects of their businesses, from management, financials and marketing. This allows them to work out where the issues are and if in fact the idea is viable,” Priemus said. NBR Audacious is supported by the National Business Review, Dunedin City Council, the University of Otago School of Business, and Otago Polytechnic.
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