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Queen's University team wins $25,000
LONDON,
ON, March 30, 2009 – Epitherapeutics
bested a tough group of companies to
take the grand prize of $25,000 in the
2009 IBK Capital/Ivey Business Plan
Competition at the Richard Ivey School
of Business.
The
company, which is developing an
anti-cancer drug, was judged the best of
the business plans from twelve teams
from universities across Canada. The
judges, drawn from venture capital,
consulting, technology and asset
management companies, asked probing
questions about clinical trials and
comparable companies while assessing the
company founded by Shyam Ramchandani,
currently an MBA student at Queen's
University.
The runner
up was Mosa Store, from the University
of British Columbia, which won $10,000.
Mosa Store plans to provide economical
data storage solutions to small and
medium-sized companies.
This is the
11th year of the IBK Capital/Ivey
Business Plan Competition. This
student-led competition is designed to
promote entrepreneurship at the graduate
student level at Canadian universities.
What makes the contest especially
exciting is that new businesses often
get their start here.
This year's
competitors also came from The
University of Western Ontario, McMaster
University, the University of Toronto,
the University of Alberta and the
University of New Brunswick.
"It's great
to see such a dedicated and enthusiastic
group of entrepreneurs," said Manju
Rose, Ivey MBA student and one of the
event co-chairs. "It was a great
opportunity for Canada's future business
leaders to interact and learn from a
group of strong business minds."
Sponsors of
the 2009 IBK Capital/Ivey Business Plan
Competition include IBK Capital,
Covington Capital and Ivey's MBA
Association.
The winner
goes 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,
the team will have the opportunity to
compete against graduate 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.ca.
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