RBC Next Great Innovator Challenge gives students the chance to win cash
and a job interview
To view the Enriched Media Release, click here: http://smr.newswire.ca/en/rbc-financial-group/rbc-challenges-students
TORONTO, Sept. 12, 2011 /CNW/ - The RBC Next Great Innovator Challenge
is now open and gives university and college students across the
country the opportunity to propose an innovation that will help
Canadians plan their financial future at any life stage. The finalists
will be awarded cash prizes and an opportunity to interview with an RBC
"During these uncertain economic times, financial management is top of
mind for most of us, whether you're building a business, starting a
family or purchasing a home," said Avi Pollock, vice-president,
Innovation & Strategic Planning. "We want students to think outside the
box and consider how we can make planning for the future easier for
Canadians. The opinions and ideas generated through the RBC Next Great
Innovator Challenge help us stay on the cutting edge of innovation."
Now in its sixth year, the RBC Next Great Innovator Challenge is
Canada's leading student innovation contest. Open to all post secondary
students across the country, the contest has garnered over 800 entries
from schools nationwide and has awarded $260,000 in prize money.
"Being part of the RBC Next Great Innovator Challenge was one of the
best experiences of my life. The challenge not only provided me with
insight into the business world, but also helped me gain skills and
experience that have been invaluable in my career," said Krishna Nuthi,
member of the 2010/11 winning team from University of Waterloo. "It
certainly gave me a competitive edge when interviewing for jobs."
"Financial management may not be a priority for all students, yet once
the cap and gown are hung, they face the reality of finding employment
and planning their financial future," added Pollock. "This experience
will help them gain knowledge and insight to help them realize their
career and financial goals."
For the first time, students from the final five teams will also be
given the chance to have an interview with an RBC recruiter. Cash
prizes will be awarded as follows: $20,000 to the winning team, $10,000
to the second place team, and $5,000 to the three runner-up teams.
Finalists also receive an all-expense paid trip to Toronto for the
opportunity to meet with and present their ideas to a judging panel
that includes senior RBC executives.
Many ideas generated by competing students over the last five years have
been tested and refined in the RBC Applied Innovation Lab, and some
have been directly integrated into the business. RBC's myFinanceTracker, an online expense tracking, budgeting and saving tool, was created
with the help of a past submission. All ideas provide RBC with insight
into emerging themes and trends such as the aging population, the
workforce of the future and the use of technology.
Entries will be evaluated by the RBC Applied Innovation team and
narrowed down to the top 15 submissions. Teams must submit their
proposals by December 4, 2011. These entries will then be reviewed by a
panel of RBC executives and the top five submissions will be chosen as
finalists. The final evaluations and awards ceremony will take place in
February 2012 in Toronto.
For more information on the Next Great Innovator Challenge, visit www.nextgreatinnovator.com, follow on Twitter (@rbcinnovator) or become a fan on Facebook.
Image with caption: "2010/11 winning team, ROKUR AII (University of Waterloo), accept their prize, a cheque for $20,000. (CNW Group/RBC)". Image available at: http://photos.newswire.ca/images/download/20110912_C2112_PHOTO_EN_3022.jpg
Image with caption: "The finalists of the 5th annual Next Great Innovator Challenge celebrate their achievement. (CNW Group/RBC)". Image available at: http://photos.newswire.ca/images/download/20110912_C2112_PHOTO_EN_3024.jpg
Video with caption: "Video: Winning team from 2010/11 ROKUR AII". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20110912_C2112_VIDEO_EN_3028.mp4&posterurl=http://photos.newswire.ca/images/20110912_C2112_PHOTO_EN_3028.jpg&clientName=RBC&caption=Video%3A%20Winning%20team%20from%202010%2F11%20%26%23150%3B%20ROKUR%20AII&title=Winning%20team%20from%202010%2F11%20%26%23150%3B%20ROKUR%20AII
For further information:
Lauren Raley, RBC, 416-313-6496, firstname.lastname@example.org