The Business Plan Competition provides an opportunity for PharmD students at the Faculty to bring together their clinical and business skills to create novel solutions that can improve individual patient care and have a positive impact on the wider healthcare system.
Working in teams of up to four, PharmD students are able to apply their theoretical knowledge to real-world scenarios with a view to improving quality of care while demonstrating value for money. Business plans may cover any or all sectors of pharmacy practice including hospital, community, and industrial pharmacy.
To assist teams with the strategic development of their business ideas, the Office of Experiential Education has partnered with the Health Innovation Hub (H2i) and the Gerstein Science Information Centre.
Shortlisted teams will work with entrepreneurial specialists to develop their business idea and pitch, and present their business plan to a panel of healthcare and business experts. Teams will be evaluated on their written plan, as well as their presentation skills and ingenuity.
The top teams are eligible to win up to $10,000 in prizes and will also receive a professional development opportunity with the Health Innovation Hub.
- 1st Prize: $5,000
- 2nd Prize: $3,000
- 3rd Prize: $2,000
For more information, please click on the following links or email businessplancomp.phm@utoronto.ca.
The Business Plan Competition typically takes place annually in March. You can see an example of the 2025 competition Rules and Guidelines as well as read about the 2024 Business Plan Competition winner, Team Rx Participate.