Updated List of Student Finalists Announced for FORTUNE Small Business Competition; Student Showdown Finalists to Compete for the Top Three Prizes in September.NEW YORK -- FORTUNE SMALL BUSINESS today announced an updated list of five finalists that will compete in the FSB (FrontSide Bus) See system bus. FSB - front side bus Student Showdown, FORTUNE Small Business's national business plan competition for students. The top ranked team will receive a $35,000 prize from contest sponsor SAP America Inc., a subsidiary of SAP AG (NYSE NYSE See: New York Stock Exchange : SAP), the world's leading provider of business software solutions. The second place team will receive $10,000 and the third place team will receive $5,000. The winners will be revealed in the November issue of FORTUNE Small Business magazine. The finalists are: Bigfoot Networks, Inc., a company from the McCombs School of Business The Red McCombs School of Business at the University of Texas at Austin is one of the most distinguished business schools in the United States. The McCombs School includes about 4,500 undergraduates and was founded in 1922. at the University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas that has devised a technology to improve the speed and performance of online games. BullEx, a team from Rennselaer Polytechnic Institute that has developed a training system for the use of fire extinguishers. LicketyShip, a company that aims to provide same-day delivery of online purchases. It was started as a partnership between students at University of Notre Dame's Mendoza College of Business History The Mendoza College of Business was founded in 1921 by a Holy Cross priest named John Francis O'Hara. Rev. O'Hara later became the president of the University and a Cardinal of the Catholic Church. and undergraduate program and Yale University's graduate program. NeuroLife, a startup from the David A. Tepper School of Business The Tepper School of Business is a private business school located on Carnegie Mellon University’s 140 acre campus in Pittsburgh, Pennsylvania, USA. The Tepper School consistently ranks highly among the top business schools in the world as well as in a wide range of at Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). that makes a noninvasive monitor designed to help in the early detection of brain injury and disease. PrepMe Corp., an online test preparation company created by students from Stanford University, University of Chicago Graduate School of Business Recruiters also voice a strongly positive opinion of students. According to BusinessWeek's biannual MBA rankings: "Chicago's grads were hands-down favorites in our survey of companies that hire MBAs. , and University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . "The competition this year was intense, and the 11 teams that battled it out in the semi-finals were outstanding," said contest organizer Elaine Pofeldt, a senior editor at FORTUNE Small Business magazine. "The judges faced many tough decisions in narrowing down the list to five finalists." The judges selected the five teams of finalists based on the credibility, clarity and presence of a student who delivered a 10-minute synopsis of its business plan in the semi-final round of the contest on August 10. To make it to the semi-final round, a team had to submit its business plan to the contests' judges, who evaluated it based on the strength of the management team, viability of the plan and thoroughness of the plan. "All of the candidates embody entrepreneurship at its best," said Michael Sotnick, senior vice president, Small and Midsize Enterprises, SAP America. "Our support of this contest stems from our belief that entrepreneurial spirit can be found at the heart of every best-run business and these finalists are representative of the best small businesses of the future." This year's entries came from the nation's top business and entrepreneurship schools, including Babson, Columbia, Duke, Harvard, Stanford, University of Chicago, University of Chicago, University of, at Chicago; coeducational; inc. 1890, opened 1892 primarily through the gifts of John D. Rockefeller. Because of the progressive programs and distinguished faculty established under its first president, William R. Georgia, Wharton and many other private and state universities. Participation jumped to 82 teams from 66 schools submitting entries to the competition, an increase from last year, when FSB received 58 entries from 45 schools. The finalists will move on to the final round of the competition on September 13. In the final round, a student from each team will field challenging questions on the team's business plan from a competing team and the judges will choose the overall winners. The FSB Student Showdown is a search for the best business plans created on the nation's campuses. To enter, a team must win the business plan competition at its school or another university-based business plan contest. If the first place team from an eligible competition didn't enter the FSB Student Showdown, the second place team could participate, and so forth. The judges in the competition include Philip L. Bronner, partner at Novak Biddle Venture Partners; Verne Harnish, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Gazelles, Inc.; Kay Koplovitz, principal of Koplovitz & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ; Andrew Sherman, partner at Dickstein Shapiro Morin & Oshinsky; Jeff Sloan, founder and principal of Startup Nation; Richard Sloan, founder and principal of Startup Nation; Michael Sotnick, senior vice president, SAP America, Inc.; Stephen Watkins, chairman and CEO of Entrex; and Ann Winblad, co-founding partner of Hummer Winblad Venture Partners. FORTUNE Small Business: FSB: FORTUNE Small Business is the premier magazine for owners of successful, growing small companies. It appears 10 times a year. Each issue provides hard-hitting, timely, informative coverage of the most-dynamic segment of the U.S. economy. FSB is edited and published by Time Inc., and is distributed in partnership with OPEN: The Small Business Network from American Express. FSB is delivered to 1 million owners and partners of small businesses and is also available on newsstands at major airports and bookstores nationwide. Time Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Time Warner. SAP: SAP is the world's leading provider of business software solutions*. Today, more than 28,200 customers in over 120 countries run more than 96,400 installations of SAP(R) software-from distinct solutions addressing the needs of small and midsize enterprises to suite solutions for global organizations. Powered by the SAP NetWeaver(R) platform to drive innovation and enable business change, mySAP(TM) Business Suite solutions are helping enterprises around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industry segments, including high tech, retail, public sector and financial services. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. and NYSE under the symbol "SAP." (Additional information at http://www.sap.com) (*) SAP defines business software solutions as comprising enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. and related software solutions such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management. |
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