Ten teams have made it to the final stage of the 2012 RMIT Business Plan Competition.
Among the top ideas include a green fuel made from agriculture waste, a basketball-themed pub and sustainable way of packaging beer.
The annual competition is the biggest program of its type in Australia and aims to help students turn their business dreams into reality.
Five teams from RMIT Vietnam will join five teams from Australia to present their business concept to the competition judges at the Pitching Day in October, with the hopes of taking home the RMIT University $25,000 first prize.
The 10 finalists were chosen from 112 entries, with runners-up and category winners awarded up to $75,000 in cash and in-kind prizes.
The competition now in its 12th year maintains strong ties to industry through its contingent of experienced judges, mentors and sponsors.
The competition is open to undergraduate, postgraduate and TAFE students across all RMIT campuses.
More than 2900 students have taken part since 2001, with many past competitors now running successful businesses in Australia and around the world.
The winners will be announced at a gala awards ceremony hosted by RMIT Vice-Chancellor and President, Professor Margaret Gardner AO on the 11th of October. For more information on the competition and finalists visit the RMIT website.