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Author:Charla Stevens Kucko, (585) 273-4806, Natalie Yager, (585) 276-4511
Release Date: May 07, 2008
Rochester, N.Y.―May 7, 2008—Aspiring student entrepreneurs at the University of Rochester will present their business models to a panel of judges during the second annual Mark Ain Business Model Competition on May 14, from 4 to 6 p.m. in the Eisenberg Rotunda in Schlegel Hall.
Open to undergraduate and graduate students University-wide, 16 business teams, representing the Simon Graduate School of Business; the College of Arts, Sciences, and Engineering; and the School of Engineering and Applied Sciences, entered the competition.
“The Ain Competition is unique and important because it connects all the schools across the University spectrum,” said Scott Sweeney ’08, president of the Simon Entrepreneurs club, a student-run organization whose mission is to promote entrepreneurship at the Simon School. “Students learn about the key steps in developing a business model, and have the opportunity to actually apply those steps.”
Five teams of finalists will present their business models on Wednesday to win $10,000 toward the implementation of their plan. The competition is made possible by support from Simon alumnus and entrepreneur Mark S. Ain ’67, founder of Kronos Incorporated, the Chelmsford, Mass.-based market leader in the workforce management industry.
In addition to Ain, the panel of judges will include Edward J. Ackley ’64 (’53 UR), owner and president of The Filter Store in Mendon, N.Y., and former C.E.O. of Consler Corporation (now owned by Graver Technologies) and Michael E. Jones ’76 UR, C.E.O. and co-founder of Clover Capital Management, and a current University trustee. The competition is supported by the Simon Entrepreneurs club and the University of Rochester Center for Entrepreneurship.
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The Simon School prides itself as the place Where Thinkers Become Leaders™ and is currently ranked among the leading graduate business schools in the world in rankings published by the popular press, including BusinessWeek, U.S. News & World Report, The Wall Street Journal, Financial Times and Forbes. For example, the Financial Times recently rated the School 3rd in the world for finance, 4th in the world for both managerial economics and accounting and 8th in the world for statistics. More information about the Simon School is available on the World Wide Web at www.simon.rochester.edu.
08-09
The Simon School prides itself as the place Where Thinkers Become Leaders™ and is currently ranked among the leading graduate business schools in the world in rankings published by the popular press, including BusinessWeek, U.S. News & World Report, The Wall Street Journal, Financial Times and Forbes. For example, the Financial Times recently rated the School 2nd in the world for finance and 5th in the world for managerial economics. More information about the Simon School is available on the World Wide Web at www.simon.rochester.edu.