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12 teams chosen to compete from 80
entries
LONDON, ON, March
25, 2009 -
Up-and-coming entrepreneurs could get a
head start with the $25,000 grand prize
in the 2009 IBK Capital/Ivey Business
Plan Competition on March 27 & 28 at the
Richard Ivey School of Business.
Twelve teams have been chosen from
universities across Canada to compete in
front of judges drawn from venture
capital, consulting, technology and
asset management companies. With a total
of $40,000 in cash prizes, this
student-led business plan competition is
designed to promote entrepreneurship at
Canadian business schools.
What makes this contest especially
exciting is that new businesses often
get their start here.
This year's top finalists are from the
University of British Columbia, The
University of Western Ontario, McMaster
University, the University of Toronto,
Queen's University, the University of
Alberta and the University of New
Brunswick.
One of the finalists, Prometheus Power
Systems is a Richard Ivey School of
Business New Venture Project by Matthew
Busbridge and Joseph Mocanu. The team
has just placed first at the National
Business & Technology Conference
Entrepreneurship Competition this past
weekend at the MaRS Discovery District
in Toronto.
Prometheus walked away with the top
prize of $20,000 of consulting services
to help the founders refine their
strategic plan. PPS has identified an
innovative method of monetizing
commercial rooftop assets.
Sponsors of the 2009 IBK Capital/Ivey
Business Plan Competition include IBK
Capital and Covington Capital.
Winners go on to represent Canada at the
Global Moot Corp® Competition - the
world's largest student business plan
competition held annually at The
University of Texas at Austin. There,
they will have the opportunity to
compete against MBA students from around
the world for up to US$100,000 in cash
and prizes to start their new venture.
About the Richard Ivey School of
Business, The University of Western
Ontario
The Richard Ivey School of Business at
The University of Western Ontario (www.ivey.ca)
offers undergraduate (HBA)
and graduate degree programs (MBA,
Executive MBA and
PhD) in addition to non-degree
Executive Development programs. Ivey has
campuses in London (Ontario),
Toronto, and Hong Kong. Ivey
recently redesigned its curriculum to
focus on
Cross-Enterprise Leadership - a
holistic issues-based approach to
management education that meets the
demands of today's complex global
business world.
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For more
information, please contact:
Mary Weil, Manager, Media & Public
Relations, Richard Ivey School of
Business, 416-203-0664,
mweil@ivey.uwo.ca
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