Discussing details around the new competition are

Local students can compete for piece of $10K in prize money

Vancouver Island University students enter a business competition testing out their entrepreneurial abilities

Students at Vancouver Island University (VIU) entering a new business plan competition will have a chance to test their entrepreneurial ideas before a panel of ‘Dragon’s Den’ style judges later this fall.

VIU, the Nanaimo Economic Development Corporation (NEDC) and the Pieter de Reuver Foundation have partnered to launch the VIU Business Plan Competition, which will see students in teams or individually compete for donated cash prizes totaling $10,000 in two different categories: one for students enrolled in a Entrepreneurship course at VIU, and an open category for all VIU students.

“There has been great support from the region’s business organizations, all very interested in recognizing and encouraging innovation and entrepreneurship in ideas presented by VIU students,” said Fathiyyah Fallata, a VIU MBA student and intern with Startup Nanaimo who is helping coordinate and promote the competition.

The idea for the competition was seeded last spring in a reading circle hosted by Startup Nanaimo and supported by VIU students and Dr. Dave Witty, VIU’s Vice-President Academic, said Dr. Ken Hammer, instructor in VIU’s MBA and Management programs, and a participant in the reading group.

“Twenty-five of us read the book Startup Communities, which suggested universities need to promote entrepreneurial activities for students,” said Hammer, who also volunteers as a facilitator for Startup Nanaimo.

The discussion on a community business plan competition attracted interest and support from NEDC, VIU, the Pieter de Reuver Foundation, Innovation Island, Community Futures, Greater Nanaimo Chamber of Commerce, Tourism Vancouver Island and Tourism Nanaimo, Downtown Nanaimo Business Improvement Area, and Young Professionals of Nanaimo.

Community partners have stepped up with both prize money and expertise — prizes of $2,000, $1,250, $750, and two at $500 will be awarded in the two categories for teams or individuals winning first, second and third place, and honourable mentions.

Prizes will be awarded following a ‘Dragon’s Den-style’ pitch competition at VIU at 3 p.m. on Friday, Nov. 28 in Building 250, Room 125. Open to the public, the event will involve competitors presenting their ideas to a panel of expert judges from Innovation Island, Tourism Vancouver Island & Tourism Nanaimo, the Greater Nanaimo Chamber of Commerce, NEDC and community businesses.

Full details on VIU Business Plan Competition can be found at www.via.ca/bp

— Submitted by VIU

Just Posted

Parksville Qualicum Beach drivers spotted speeding, missing stop signs and talking on cellphones

Intersection of Marks Avenue and Highway 4A in Parksville is big for scofflaws

Sand sculpture winners announced at Parksville Beach Festival

Works from international competitors on display until Aug. 18

Coombs resident wants better transit service to area

Pilcher said it would especially help people with physical challenges

Parksville security camera rebate program raises concerns for privacy advocates

‘Everyone has the right to their own privacy within their own home and their own area’

RDN aims to improve Ravensong Aquatic Centre solar heating system

Grant sought for the $100,000 infrastructure project

‘Bad choices make good stories’: Margaret Trudeau brings her show to Just for Laughs

Trudeau says over the decades she has been suicidal, manic, depressed

Health Canada revokes licences of B.C.-based pot producer Agrima Botanicals

The agency said it notified the company of a suspension in November due to non-compliance with regulations

Deals, protests during Amazon Prime Day

The Seattle-based e-commerce behemoth says it is offering more than a million deals

Canadian national softball team wins second straight Canada Cup

Team Canada defeats Texas-based Scrapyard International in gold-medal game Sunday in Surrey

June sees drop in home sales, prices for real estate across B.C.: report

Sales dropped by 11.8%, while prices fell by 4%

Video captures driver narrowly avoiding hitting Granfondo cyclists in Okanagan

“I’m just glad that everything aligned enough and no one got hurt,” said Shaun Siebert

Most Read