Babson MBA students competed and advanced into the final round of the annual Venture Capital Investment Competition beating out competition from Dartmouth, NYU, Johns Hopkins, Boston College, and Ohio State in the regional finals. Babson students will have the opportunity to compete with other1st place winners in the International Finals taking place April 11th – 13th in Chapel Hill, North Carolina for a chance to win the grand prize of $10,000.
During 2010, VCIC hosted 50 events in four continents, served 1000 students, 150 VCs and 100 entrepreneurs. This fundamental program, at its core, is unlike most conventional competitions. Rather than having students pitch their venture to investors, they essentially “trade places” and become the investors who hear the pitches from real entrepreneurs. In turn, each event creates a unique learning experience for everyone involved.
Launched in 1998 as a mere experiment at UNC, the Venture Capital Investment Competition has transcended from an education event about venture funding to a program providing funding, networking and VC training to all entrepreneurs alike. About 25% go on to raise venture capital after participating at VCIC, and at the finals, two of the five teams go on to get funded
To learn more about The Venture Capital Investment Competition and how it works please visit http://www.vcic.unc.edu/
About Babson College
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds™. The College is a dynamic living and learning laboratory, where students, faculty, and staff work together to address the real-world problems of business and society -- while at the same time evolving our methods and advancing our programs. We shape the leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to create economic and social value. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action® as the most positive force on the planet for generating sustainable economic and social value.
By Hilary Katulak; email@example.com
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3/11/2013 1:33 PM