As Canada's premier MBA business plan event, The IBK Capital - Ivey Business Plan Competition draws entrepreneurial teams from universities throughout North America and beyond. First held in 1999, the competition offers graduate students the opportunity to present innovative new ventures to potential investors. At the same time, investors have a chance to get a close-up look at up-and-coming entrepreneurs.
Organized by the Pierre L. Morrissette Institute for Entrepreneurship and MBA student volunteers, the competition is funded by private sponsorship with the winning team receiving $20,000.
The competition's title sponsor IBK Capital Corp., was founded by Bill White, MBA '69 and is currently lead by President and CEO Michael White, MBA '00.
The 2016 IBK Capital – Ivey Business Plan Competition will use rules and guidelines for submissions set out by the Venture Labs Investment Competition (VLIC). For complete information on Eligibility Rules and Submission Requirements, please read the VLIC Official Rules and Submission Requirements.
Teams chosen for the competition will need to provide a completed business plan a week prior to the competition. For more details on the format, read ‘Business Plan Review’ under the VLIC Rules.
Intent to Compete: October 30, 2015Executive Summary: November 13, 2015 by 12.00pmBusiness Plan: January 15, 2016Competition Weekend: January 22-23, 2016
Team KAir Battery from Ohio State University won first place and $20,000 at the 2015 IBK Capital – Ivey Business Plan Competition held at the Ivey Business School on January 23-24, 2015. At the 17th edition of Ivey’s annual graduate competition, KAir overcame a strong competition pool of 11 teams from seven universities from Canada, the United States and Thailand.
The effort to raise money for flights, food and lodging to travel 12,000 kilometres for the 16th Annual IBK Capital – Ivey Business Plan Competition paid off in a big way for a team from Calcutta, India.
Representatives from Team Zostel from the Indian Institute of Management – Calcutta (IIM – Calcutta) went home $20,000 richer after winning the competition at Ivey Business School, which ran January 24-25. They’ll also go on to compete in the 2014 Global Venture Labs Investment Competition in Texas in May.
2013 - Picasolar, University of Arkansas
2012 - Learning DifferentiatED, University of Arkansas
2011 - CHAR Technologies, University of Waterloo
2010 - Shape Collage, University of Toronto
2009 - Epitherapeutics, Queen's University
2008 - Romanov Caviar, Queen's University
2007 - Divisio Technologies, Dalhousie University
2006 - Powershift, Western University - Ivey Business School
2005 - JARN, Simon Fraser University
2004 - Benchkeeper Software, Western University - Ivey Business School
2003 - SoftStitch, Western University - Ivey Business School
When you come to the IBK Capital – Ivey Business Plan Competition, you’ll have a chance to network with some of Canada’s most successful entrepreneurs. A large part of our success can be attributed to this elite group of experienced judges, many of who are successful serial entrepreneurs and mentors.
Our 2014 panel of judges included:
Albert Behr, President & CEO, Behr & Associates Andrew Campbell, President (retired), ACAI Consulting Howie Chan, HBA '12, Business Analyst, Tech Alliance Dennis Ensing, Entrepreneur-in-Residence, Tech Alliance Stephen Gunn, MBA '81, Co-founder, Chairman & CEO, Sleep Country Canada Ian Haase, MBA '10, Vice President, Tech Alliance Paul Hayman, HBA '81, Executive Entrepreneur-in-Residence, Ivey Business School Daniel Kaute, President & CEO, Environmental Waste International Sarah Landstreet, MBA '13, Owner, Georgette Packaging Rajah Lehal, LLBMB '06, Lawyer, Cobalt Business Counsel Justin Leushner, MBA '03, Entrepreneur-in-Residence, Tech Alliance Jacoline Loewen, Director, Crosbie & Company Inc. John Pollock, Director, BizInc Kevin Ronson, Vice President of Finance and Operations, Voices.com John Rothschild, MBA '73, Chairman & CEO, Prime Restuarants Inc. Colleen Sharen, MBA '93, Professor, Brescia University College Steve Suske, MBA '77, President & CEO, Suske Capital Management Deniz Temelli, MBA '12, Business Analyst, Tech Alliance Miranda Werstiuk, Senior Vice-President, IBK Capital Corp. Michael White, MBA '00, President & CEO, IBK Capital Corp.
The competition was supported by our title sponsor IBK Capital Corp., the Pierre L. Morrissette Institute for Entrepreneurship and the Ivey MBA Association.
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Ivey features some of the world's top researchers in the areas of entrepreneurship, providing both students and entrepreneurs access to the latest thinking.
A socioemotional wealth approach to CEO career horizons in family firms
This paper challenges the predominant view that as CEOs near retirement, they forgo risky long-term strategic choices and instead focus on decisions that enhance their own short-term self-interests. Drawing on the socioemotional wealth (SEW) literature, we argue that unlike near-retirement CEOs in widely held firms, near-retirement CEOs in family firms are more concerned about transgenerational control and the legacy that they pass on to future generations. We further contend that the priority of SEW dimensions can change within family firms depending on the CEO's time to retirement. Consequently, near-retirement CEOs in family firms differ from their counterparts in nonfamily firms in that they are willing to continue to engage in international acquisitions as they approach retirement, despite the potential short-term risks. We further hypothesize that this effect depends on whether the CEO is a family member, whether the CEO is succeeded by another family member, and whether the CEO is the founder. In analyzing 3,432 family and nonfamily firm-year observations from the S&P 500 for the period between 1997 and 2009, we find support for our hypotheses. Subsequent analyses indicate that near retirement, family CEOs acquire larger and culturally closer targets than their nonfamily counterparts. Our paper confirms the need to more fully consider the characteristics of owners and managers in analyses of the CEO career horizon problem.
by Stephen Sapp, Vanessa Strike, Pascual Berrone, Lorenzo Congiu, June 30, 2015. Journal of Management Studies
The Resilient Family Firm: Stakeholder Outcomes and Institutional Effects
Research Question/Issue: Our study seeks to explain the relationship between publicly listed family-controlled firms (FCFs) and investor and employee outcomes before and during the global financial crisis. Theoretically, we develop hypotheses suggesting that FCF resilience is beneficial to both investor and employees. Employing a large firm-level data set of 2,949 firms across 27 European countries, we test the hypotheses that FCFs' long-term orientation makes them resilient to the effects of economic shocks. In addition, using hierarchical linear modeling we evaluate family firm investor and employee outcomes, and the moderating impact of legal institutions protecting minority investors and employees.
Research Findings/Insights: We find that FCFs financially outperform non-FCFs during the financial crisis, beginning in 2007 and reaching its lowest point in 2009, but show no significant differences during the stable-growth period between 2004 and 2006. We evaluate two employee outcomes: downsizing and wage decreases. We find that FCFs are less likely to downsize their workforce or cut wages in both pre-crisis and crisis conditions. Based upon hypotheses founded in the comparative capitalisms logic, we find significant institutional effects that are contrary to our predictions. Our findings suggest that investors and employees of FCFs achieve more favorable outcomes for their interests when the rules pertaining to investor protection and their enforcement are poorly developed.
Theoretical/Academic Implications: We contribute to the emerging literature on the institution-based view of comparative corporate governance by demonstrating that family-controlled firms' stakeholder outcomes are contingent upon legal protection for employees and investors under contrasting economic circumstances.
Practitioner/Policy Implications: Family owners, employees and minority investors should consider both firm-level and country-level governance institutions when investing in different countries, especially in times of economic crisis as jurisdiction-level institutions and firm ownership choices produce variable outcomes for different stakeholders in both crisis and non-crisis conditions.
by Stephen Sapp, Marc Van Essen, Vanessa Strike, Michael Camey, May 31, 2015. Corporate Governance-An International Review
Handbook of Entrepreneurial Cognition
by Robert Mitchell, Ronald Mitchell, Randolph-Seng, February 01, 2015. Edward Elgar
Charitable Donations by the Self-Employed
This article analyzes an important aspect of the social behavior of the self-employed in America. We ask whether the self-employed express their social responsibility to society by giving more to charity than the general population, and if so which charitable causes they give to. We use social identity theory to generate hypotheses about the determinants and objectives of charitable giving among members of this socially and economically important group. Testing these hypotheses with nationally representative, longitudinal US data, we find that the American self-employed are indeed more likely to exhibit social responsibility toward their community by giving to charities than the general population. While the self-employed support broadly similar charities to the general population, they give substantially more to organizations which: address issues in the local community; provide health care; and serve the needy. We trace out implications of our findings for scholars, practitioners, and policy-makers.
by Simon Parker, Matthias Tietz, December 31, 2014. Small Business Economics