RMIT University's College of Business and Law has partnered with Good Shepherd Australia and New Zealand to inspire student-led innovations to improve financial literacy.
The collaboration aims to help Australians - specifically young people and vulnerable groups - build their financial literacy.
More than 1,000 Bachelor of Business students recently completed a project to develop a solution for young people to take control of their financial wellbeing.
The top 20 students were invited to Good Shepherd's head office to pitch their ideas to senior executives, where they impressed the team with their creativity and quality work.
Some of these projects are being considered by Good Shepherd for investment and further development.
With rising cost-of-living pressures, it's important for people to be able to manage their household budgets and plan for the future with confidence - but a significant proportion of Australians lack basic understanding of financial concepts.
The partnership with Good Shepherd is grounded in bringing real-world industry experience and skills-based learning into the classroom, challenging students to develop solutions to Australia's financial literacy crisis.
Ty Newton, Executive Officer at Good Shepherd ANZ, said the organisation is proud to drive meaningful change through this partnership with RMIT.
"Our partnership combines deep community insight and sector expertise with focused academic knowledge to create meaningful, scalable solutions for real-world issues such as financial literacy for young people," he said.
"Through our trusted collaboration, innovation finds its purpose and impact becomes both tangible and enduring."
