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Press Release

ANDERSON HOLDS SECOND BUSINESS PLAN COMPETITION

March 6, 2007

Students Will Compete for $25,000 Top Prize

(Albuquerque, New Mexico) The Anderson School of Management at the University of New Mexico will host the second annual UNM Technology Business Plan Competition on March 30. Student teams from across campus will give high-stakes presentations in front of real venture capital pros.
This year’s competition will feature plans from a broad range of majors, including chemistry, law, biology, engineering, and business.

While competitors have the chance to win a top prize of $25,000, they are not the only potential beneficiaries of the competition. New Mexico as a whole could reap benefits. According to Sul Kassicieh, Anderson’s Chair for Economic Development, “The more deal flow New Mexico can generate, the better it is for our economic development in high technology businesses. This competition brings 25 more business plans generated from UNM technology to the table.”
The Anderson School of Management sponsors the competition, and professors and business leaders gave a series of seminars to help the students prepare their business plans. The sessions included company structure, tax issues, market research, financial planning, venture capital, and others. The students have also been provided with one-on-one mentoring.
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.
The winning team of the competition will be announced at the banquet and awards presentation from 7 to 9 pm on March 30 at the Wyndham Hotel in Albuquerque.

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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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