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Press Release

UNM PRESIDENT HARRIS LAUNCHES 2nd UNIVERSITY-WIDE TECHNOLOGY BUSINESS PLAN COMPETITION

October 3, 2006

Top Prize of $25,000 Will Be Awarded to Winning Team in March

(Albuquerque, NM) UNM President David Harris and Anderson School of Management Dean Chuck Crespy will announce the second annual University-wide technology business plan competition, with a top prize of $25,000, at a special kick-off for students on Tuesday, October 3. Student teams from across the campus will compete in a business plan contest that will end with high-stakes presentations in front of real venture capital pros.

Last year’s competition featured plans from 17 teams from a broad range of majors, including fine arts, chemistry, law, business, computer science, and economics. The first place winners, Ryan Smith and Scott Lovald of Satyrne Biotechnologies, are in the process of executing on their winning plan, with significant help from the business community garnered at the April 2006 competition event.

The competition is sponsored by the Anderson School of Management, and professors from the school work with business leaders to provide a series of seminars to help students prepare their entries. According to Sul Kassicieh, Anderson’s Associate Dean for Economic Development and Research, the sessions will include, “Company structure, tax issues, market research, financial planning, venture capital, and more. We provide a high level of support for the teams in the competition, including one-on-one mentoring, and expect great things from UNM students.”

Full-time UNM students from any discipline are invited to enter the competition, and while the focus is on technology, according to Dean Crespy the judges will take a broad view of the term. “A team comprised of music majors and computer science majors and business majors might come up with something unexpected that doesn’t necessarily fit the standard definition of ‘technology’. We hope to see plans that surprise us, and that could potentially lead to the next business phenomenon.”

Corporate sponsors for the competition include American Property Management Corp., Technology Ventures Corporation/Lockheed Martin, vSpring Capital, Brownstein Hyatt & Farber, Grant Thornton LLC, the New Mexico Venture Capital Association, and Wasatch Venture Fund.

Complete rules for the competition are available online at the Anderson website at https://www.mgt.unm.edu/students/default.asp#BIZPLAN. The deadline to submit a binding intention to present is November 15, 2006, and business plan entries are due March 22, 2007.

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

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