Justin Chircop has won the fifth edition of the Best Business Plan (BBP) competition, organised by JCI Malta in partnership with HSBC Bank Malta and KPMG. The Lm1,000 prize was awarded for his proposal to create a company named ‘kowledgepot.com’, a website offering university theses and project work for viewing and purchase.

The runner-up prize of Lm250 went to Rachel Caruana for her proposal to launch the Honda Electrasol, a cost effective and environmentally friendly car producing zero emissions. Both prizes were presented by HSBC’s Head of Personal Financial Service, Godfrey Swain and KPMG’s corporate finance partner, David Caruana.

The winner’s business plan will now be submitted as the official JCI Malta entry to the International Best Business Plan of the World Competition organised by Junior Chamber International (JCI). The winner of the overall JCI Best Business Plan of the World Competition will receive a $5,000 cash prize award as start-up funding, as well as an all expenses paid trip to the 2006 JCI World Congress to be held in the South Korean capital, Seoul.

Participation was open to all Maltese residents aged between 18 and 40. Although similar business plan competitions are organised in Malta, the JCI BBP competition is open to individuals as well as groups and enables competition on an international dimension. However, the principles remain the same – to promote entrepreneurs in action.

More information on JCI Malta can be obtained from the website www.jci.org.mt