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Press Release

2006 BIZ PLAN WINNERS TO COMPETE IN CALIFORNIA

February 16, 2007

AMBITIOUS 2006 BUSINESS PLAN COMPETITION WINNERS
MOVE ON TO MORE CHANCES FOR BIGGER, BETTER THINGS
Satyrne Biotechnologies accepted as semi-finalists in San Diego State
and San Francisco Business Plan Competitions


(Albuquerque, New Mexico) The grad students who won last year’s UNM Technology Business Plan Competition have been accepted as semi-finalists in the San Diego State Business Plan Competition and San Francisco Business Plan Competition. Satyrne Biotechnologies was set up by two Anderson School MBA students to commercialize a biotechnology developed at UNM Hospital.

Ryan Smith and Scott Lovald took the $25,000 top prize in the 2006 UNM competition with their business plan, which focused on a new generation of computer modeling and implants for use in maxillofacial surgery.

“The reason we are entering all of these competitions is to get investment so that we can turn our venture into a full time business,” says Smith.

Both the San Diego State and San Francisco competitions are international and are held in March. Only 20 are selected for each and winners will receive $15,000 in San Diego and $10,000 in San Francisco.

The 2007 UNM Technology Business Plan Competition, scheduled for March 30, will pit 24 teams from departments across campus in a contest judged by venture capitalists from across the state.

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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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