To encourage Advanced Level students gain a better understanding on the importance of developing a business plan and to also help harness the entrepreneurial skills among future business leaders, the Business Plan Competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will kick off this month.
The competition, held for a third time will bring together over 50 school teams from across the country who will compete for the grand prize of flying to Brisbane, Australia to take part in the Blue Shift Case Competition organised by the QUT Business School of the Queensland University of Technology scheduled to be held in May 2018.
The competition is open to students who are sitting for the GCE Advanced Level examination in 2018 or 2019 from the commerce stream, in English medium. Schools from Colombo, Gampaha, Galle, Kurunegala, Kandy and Jaffna districts will take part in the competition. Each participating team will comprise of five students, who will present a unique business plan to the judges.
The regional rounds will kick off from 23rd February, and winners of each region will compete at the grand finale (national level) which will be held on 28th March in Colombo.
The competition has been organised to also help students understand the importance of preparing a business plan which is an important segment in the A/L syllabus in Sri Lanka. The competition will help students apply into practice the knowledge gained at the classroom level and also be a platform to showcase their presentation and entrepreneurial skills. The strategic partner of this year’s competition is QUT Business School, Queensland University of Technology, Brisbane, while the competition is organised in association with the Sri Lanka and Australia Chamber of Commerce (SLACC).
This year too like in previous years, the competition will engage a prominent panel of university lecturers who will set the necessary guidelines for the competition in line with the A/L syllabus. At the regional level competitions, the panel of judges will comprise of university lecturers and industry experts, while at the grand finale, the panel of judges will comprise of university lecturers, representative from the Queensland University of Technology, industry experts and high profile Sri Lankan entrepreneurs.