Business student wins Innovation Centre prize for new venture

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Business student wins Innovation Centre prize for new venture


26 February 2013

A local business owner studying an Executive Master of Business Administration (EMBA) at the University of the Sunshine Coast has won an inaugural award for her new venture plan.

Sue Crossley, who will officially graduate with her EMBA in April, is the co-director and administration manager of her family-owned company Leaktech Australia. Leaktech specialises in water leak detection.

Ms Crossley, who works at the firm’s Sunshine Coast office, recently won the inaugural USC Innovation Centre prize for the best EMBA student presentation of a New Venture Planning project.

“I was surprised to win because quite a few of the students work for large organisations and had very big projects,” said the Mooloolaba resident.

“My project involved ways to expand our existing business. The judging panel said it was a great pitch – realistic and of interest to investors.”

USC’s New Venture Planning course requires students to write and present a compelling business plan for the growth of an entrepreneurial venture.

Ms Crossley said the prize, $500 worth of business support from the Innovation Centre, would be invaluable as her business prepared to expand this year.

She said the University’s EMBA had sharpened and updated her business skills.

“It formalised a lot of informal learning I’d previously acquired and has kept me up to date,” she said.

Ms Crossley also completed her Bachelor of Arts degree at USC.

Innovation Centre CEO Mark Paddenburg said the prize was developed in response to the quality of new business ideas coming out of USC’s EMBA program.

“In most cases, these weren’t just final-year university presentations, they were highly entrepreneurial, commercially viable business proposals,” he said.

“The Innovation Centre is going to scale up our interaction and support in 2013 to assist more USC students to implement their ventures in the real world.”

A new cohort of EMBA students will commence at USC in early March.

Julie Schomberg

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