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School of Business & Economics

Business students kick-off 8th annual New Venture Competition

Schlegel Centre for Entrepreneurship

Oct 2/09

Contact:

Jim McCutcheon, x2058 or jmccutch@wlu.ca
Laura Allan, x2373 or lallan@wlu.ca
Steve Farlow, x2615 or sfarlow@wlu.ca
Victoria Larke, x2998 or vlarke@wlu.ca

On September 30, the BDO New Venture Competition was kicked-off for 2009-10. Delivered by business professors Laura Allan and Jim McCutcheon in partnership with the Schlegel Centre for Entrepreneurship, the competition is a key component of the academic curriculum for the BBA program. It is run through BU111 and BU121, in the fall and winter terms respectively, for all business students.

Joining Jim McCutcheon and Laura Allan at the kick-off were sponsors Dean Elliott (BBA '87) and Tim Sothern (BBA '89) of BDO Dunwoody LLP; Alan Quarry, Entrepreneur in Residence; and Steve Farlow, Executive Director of the Schlegel Centre for Entrepreneurship.

"Innovation and entrepreneurship are inextricably linked, and are critical to Canada's future prosperity," says Steve Farlow. "The BDO New Venture Competition introduces all Laurier business students to the principles of entrepreneurship. They are taken through the process of identifying an innovative product or service and the methods of determining its market potential. Once they identify a true business opportunity, they develop a plan to launch it."

During the course of the competition, students also develop their presentation and sales skills as they must pitch their new ventures to panels of judges. As the student teams progress through the successive rounds, they face judges that are increasingly senior and experienced.

In 2008-09, the finalist teams presented their business plans to a judging panel that included David Chilton (BA '95), author of The Wealthy Barber; Dean Elliott (BBA '87), partner at BDO Dunwoody LLP; Rick Endrulat (MBA '01), founder & president of Virtual Causeway; Angela Mondou, founder & president of ICE Leadership; and Tim Sothern (BBA '89), partner at BDO Dunwoody LLP.

"By supporting this program, Laurier and the Waterloo community are enabling students to develop important business skills at an early stage. says Tim Sothern (BBA '89), partner at BDO Dunwoody LLP.

This marks the eighth year of the competition and the fifth year that BDO Dunwoody LLP has been the lead sponsor. Its financial support facilitates the delivery of the program and provides students in the finalist teams with scholarship prizes. This year's final round will take place on March 27 in the Maureen Forrester Recital Hall.

For more information on the competition, please visit www.wlu.ca/eship/nvc

alan_quarry_EIR.jpg

Alan Quarry, Laurier's Entrepreneur In Residence, speaking to first year BBA students at the kick-off of the 2010 BDO New Venture Competition. To make an appointment with Alan, students can contact Sharline Doss at the Schlegel Centre for Entrepreneurship in SBE2210 - sdoss@wlu.ca, x2841.

Related Information Title Type
Mar 31/12 @ 12:30 2012 BDO New Venture Competition: Finals Event
Mar 30/12 @ 13:00 2012 BDO New Venture Competition: Semi-Finals Event

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