The Griffith Innovation Challenge is on again and enterprising students from all disciplines are encouraged to team up and enter this business plan competition.

Prizes are valued at more than $40,000 with cash, laptops and more up for grabs.

Teams are required to create a business plan for a commercial or community organisation and are provided with workshops and an industry or university mentor to assist with the business planning process.

Teams of up to five students may enter and anyone who is in second, third, forth or postgraduate studies may enter.

Last year’s winning team, HOPE4HEALTH spokesperson Marty Brewster said the competition really helped their charity get established.

“The Griffith Innovation Challenge helped get our charity established and taught us valuable skills in the process,” Mr Brewster said.

“The competition has given us a lot of skills in business planning, as well as leadership, presentation and public speaking skills and helped us set up our foundation for the next five years.”

A finalist from last year competition also enter their business plan in a national exporting business plan competition and took out first place.

The team created a business plan for the Australian Centre for Lifestyle Horticulture and won the Austrade Exporting for the Future Export Plan Competition and $1,000.

The business plans created by students may form part of assessment, work experience, internships, placements and scholarships — or they may just be a good idea.

Team registrations close on Friday, August 15 and assistance with finding team-mates is also available.

Further details at