ASBX Business Challenge
for Furley
In the pursuit of crafting essential oil products that resonate with consumers of the 21st-century, Furley Bioextracts took significant steps into innovation. Furley Bioextracts and Enterprise@APU co-organised the APU Sandbox (ASBX) Business Challenge over the summer between 12 June and 8 August 2023. The business challenge is a unique event for students to have real-word access to the new product development at Furley Bioextracts, a reputable Contract Original Equipment Manufacturer with over three decades of experience as manufacturer of extensive line of goods. The student participants were tasked to work towards go-to-marketing strategies and explore new business model innovation to attract the continuously changing preferences of modern consumers.
Student participants worked with their mentors through series of workshops, stakeholder engagements, mentoring sessions and prepare their pitch for the Business Challenge finale. The sessions prepared the participants to identify scope of business pain point and problem-solve with inventive solutions. At the Idea Pitching Day, the students showcased their inventive idea and solutions whereby the three teams from Team Peanut, DesignGPT, and The 5 People, emerged as winners with the receipt of merchandise awards from Furley Bioextracts.
Winning Teams
