Paper and vegetables help students shine in business competition

08:45, January 18, 2011      

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Thirty-one teams of MBA students from Guanghua School of Management, Tsinghua University, the University of International Business and Economics in Beijing and the Robert H Smith School of Business from the US state of Maryland competed in the 2011 China Business Plan Competition at the Guanghua School of Management at Peking University on Friday.

It was sponsored by the University of Maryland's Dingman Center for Entrepreneurship at the Robert H Smith School of Business, which awarded a total of $10,000 to the winners. Finalists pitched a business plan for a venture that would do business in China or leverage Chinese resources in some way. Teams presented their ideas before a panel of judges that included Smith School leaders, Dingman Center entrepreneurs-in-residence, and Chinese entrepreneurs such us Tang Ning, CEO of CreditEase Business Consulting (Beijing) Co, Ltd.

A team from the Smith School with a plan named "Veggie Cool" for a cold storage and transport business using vegetables grown in India won the top prize of $3,000, and the People's Choice Award of $1,000. The competition, now in its sixth year, was the culmination of a trip to China for the Smith students.

The "A4" team from the Guanghua School took second place with a plan for an advertising business that offers free high quality paper to customers in exchange for placed advertising.

"Due to the differences in culture and market conditions between China and the rest of the world, this competition, will be valuable to MBA students not only in China but also in America and countries all over the world," said Cai Hongbin, dean of Guanghua School of Management.

Source: Global Times(By Zheng Yi)
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