A winning idea

Macquarie’s 2015 Entrepreneurship Competition, funded by a Learning and Teaching Strategic Priority grant, saw students win big prizes for their big ideas.

Research shows that prizes are an important factor in competition success, and the results from this year’s competition  are no exception!

Stage 1 –  “$100 for 100 words” – drew 106 entries and Stage 2 involved over 30 students. The top five teams proceeded to the finals, delivering their pitches in the “Shark Tank”.

Entrepreneurship Competition, Shark Tank Pitches

The first prize winners were Jacob Hkeik and Blake Moore who pitched their business venture “Wherever Psychology” which facilitates telepsychology services, linking clients to psychologists through an automated, web-based booking and billing system.

Jacob, a final year BBA/Psychology student, said “We’re very grateful for the support we’ve received from the University. With the prize money we can now start our business.”

Entrepreneurship Competition, Shark Tank Pitches

The winning team took away an impressive $8000, and the runners-up $2000. (We are told they got real money too, not just these fun giant cheques!)

The competition aligned with the grant principle of “Embedding Work and Life Skills”. From an employment perspective, employers are looking for students who have engaged in extra-curricular activities.

Competitions such as the Entrepreneurship Competition also develop key employability skills:

  • Presentations skills were used for pitching in front of a panel of external judges.
  • Teamwork skills were used to develop ideas.
  • Professional interaction with judges and mentors enabled the students to grow personally by making new connections and networking.

See teche post Supporting Student Entrepreneurship