A business plan can make goals out of dreams and innovation from an idea. Students from all over Austria can find out how this works in practice, by drafting their own business ideas in the context of a school project themselves, and creating a business plan for their “enterprise” with professional help. During the annual Bank Austria business plan competition “Generation,” of the Initiative for Teaching Entrepreneurship (IFTE), they can demonstrate their creativity and prove their entrepreneurial abilities. There are valuable prizes in store for the best of them.
The prizes are awarded in the following categories:
- Best Business Plan
- Best Business Idea
- Sustainable Business Idea
- Diverse Special and Audience Prizes
The Bank Austria business plan competition is embedded in the International Entrepreneurship Award. Bank Austria also finances the trip of the Austrian winning team to the relevant event venue.
With the business plan competition, Bank Austria wants to create a culture of entrepreneurship and promote the entrepreneurial spirit in the generation that will define our future. This generation needs the courage and the capability to put ideas into action, in order to ensure economic progress.