November 18, 2010

Third Place for Anand and Atri

Thursday night, the Faber Entrepreneurship Center hosted the final round of the Global Entrepreneurship Business Plan Competition in the Lumpkin Auditorium at the Moore School of Business. Eleven students (two individuals and three teams of up to four) presented five different business plans to a panel for a first-place reward of $1,000.

Sponsored by EngenuitySC, Student Government, the Entrepreneurship Club and the Maxient Corporation, the competition served as one of the 40,000 events in 100 countries worldwide celebrating Global Entrepreneurship Week, an international youth initiative started in 2008 to promote innovation and ingenuity in the next generation of entrepreneurs. According to the Faber Center Associate Director Dean Kress, the competition advances the center's mission in advocating entrepreneurship to the entire student body and has marked the first of many future annual competitions to be held in conjunction with Global Entrepreneurship Week.

Atri Rungta and Anand Viswanath, both chemistry doctoral candidates from India, took third place and $500 with their business plan for Intelligent Nanomaterials, a company that would use patented technology to design and manufacture customized nanomaterials for electronic and optical industries.

"Overall, we were really impressed with what we saw," Candice Hark said. "There were both big ideas that could potentially change the way the world works, and then there were ideas that were smaller and more locally focused. Both ends were well-represented. What's exciting to see here is the combining of departments to get research."

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