Are you a franchising whizz kid?

By Sarah Stowe | 13 Jul 2016 View comments

Could your business concept be a great franchise success? Image: licdn.comThe Franchise Council of Australia’s Hall of Fame committee is getting behind new business ideas in franchising, sponsoring an Australia NextGen competition.

Each year the International Franchise Association in the US runs a global contest to find the best concepts in franchising; new this year for Australian entrants is the formal structure and sponsorship through the FCA.

The competition is open to entrepreneurs who are FCA members and non-members, aged between 21 and 35, with a business trading from one to five years. Contestants must show the capacity for the business to be scaled through franchising.

Entrants to this contest will compete for three finalist spots. These finalists will then face a ‘FranShark’ competition, pitching their business concept in front of the committee members and a franchising audience in one of the plenary sessions at the National Franchise Convention in Canberra this year.

The winner of the competition will represent Australia at the IFA convention in Las Vegas early in 2017.

Aussie Jai Hobbes, co-founder of the emerging Paleo CafŽ franchise chain, was earlier this year named global runner-up at the NextGen in Franchising Global Competition, held at the IFA Convention in San Antonio.

Online entries will be accepted from 1 August; the closing date for the Australian competition is 16 September.

Find out more about this opportunity here.