Business students win big at competition
Three undergraduate business students recently captured top prize at UNB’s CIBC Business Plan Competition in Fredericton, N.B.
Jennifer Button, Katie Saunders and Heather Leaman, all students in their final year of the commerce program, created a business plan for a soccer league for children with autism as a project in their new venture creation class. Their professor, Wayne King, was so impressed that he encouraged the students to enter the competition at UNB.
After fine-tuning the plan and developing a presentation, the three students travelled to Fredericton to compete against 10 other teams in their division. Their hard work and intense presentation paid off despite apprehension about presenting to a team of expert judges, the team was awarded first prize. The team won $5,000 and a $1,000 voucher to go towards participation in another competition. They are now in the midst of applying for other competitions and they are hoping to take their plan to a larger competition.
“This was an excellent opportunity,” explained Ms. Saunders. “We learned a lot from the development of the business plan itself and we also thoroughly enjoyed meeting and interacting with the other students, judges, and co-ordinators. It was a great networking opportunity and an excellent learning experience. I would strongly encourage other students to try something like this.”
Twenty teams participated in the competition, 10 at the graduate level and 10 at the undergraduate. Each team made a 12-minute presentation to expert judges in finance, marketing and entrepreneurship, followed by an eight minute question-and-answer period. The goals of the competition are to encourage students to seek out opportunities and create real businesses, to encourage venture start-up, and to build connections among the local and foreign entrepreneurial community.