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Press Release

ANDERSON ENTREPRENEURIAL CHALLENGE

February 18, 2011

FRIDAY, FEBRUARY 18

(Albuquerque, NM) The UNM Anderson School of Management will hold its first annual UNM Entrepreneurial Challenge competition on Friday, February 18. The intent of the UNM Entrepreneurial Challenge is to support new businesses which can be funded through conventional investment.

Fifteen teams will compete on February 18. The preliminary rounds of the competition will take place from 9:00 a.m. 11:30 a.m. on the Anderson campus. Teams who make it to the final round will present in the afternoon from 2:00 4:30 p.m. The team presentations are open to the public and parking may be found at the new Yale (Y) parking structure on the corner of Lomas and Yale, a short walk to the Anderson School. Metered spaces require credit or debit cards only.

After the presentations are complete, the judging panels will decide which teams will be awarded prizes that evening. The Awards Reception and Banquet, which is by invitation only, will feature an Elevator Pitch Competition by all the teams, a keynote address by Tony Trujillo, President of Holman's, Inc., and the announcement of all competition winners. Sponsors of the UNM Entrepreneurial Challenge include; the McCune Charitable Foundation, Don Chalmers Ford, Altela, Inc., Northwestern Mutual Financial Network, the New Mexico Gas Company, and ACCION.

The entrepreneurial competition joins the already established UNM Technology Business Plan Competition, now in its sixth year, which features student-run startups which angel or venture capital investors could actively fund. Both competitions are open to all UNM students, giving entrepreneurs the chance to showcase their talents and compete for thousands of dollars in prize money by defining markets, building financial projections, constructing a management team, and addressing the risks inherent in their new business idea. For more information about both competitions, please visit https://ec.mgt.unm.edu/ and https://techbizplan.mgt.unm.edu/.

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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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