IESE was a top finalist in this year's European Business Plan of the Year Competition hosted by the school on June 18-19 in Barcelona.
The competition is designed to encourage and promote innovation, entrepreneurship and new business ventures and to give students experience in developing business plans for such ventures. It was created jointly by London Business School and INSEAD in 1993.
The results of the competition were as follows:
- Winner: The Management School, Imperial College with its plan
for Ceres Power, a patented fuel oil technology for power generation.
- First runner-up: IESE Business School with a plan called Kubi
Wireless, a venture designed to keep business travelers productive
while on the road through wireless internet access.
- Second runner-up: London Business School with ichampion,
an internet-based service for generating leads for the UK insurance
- Winner of the Cap Gemini Ernst & Young Prize for Innovation:
INSEAD for NetVestibule, a company providing extranet platforms
for academic institutions.
Philippe Masson, Deputy Global Leader of strategic consulting at Cap Gemini Ernst & Young, one of the event's sponsors, said, "As the world economy is entering a consolidation cycle after the internet boom, we should strive more than ever to encourage business and technology innovation. That is what we expect from the young entrepreneurs who participate in the European Business Plan Competition."
Other sponsors included AT Kearney, Baker & McKenzie, Barclays, Ernst & Young, IBM, Lehman Brothers and The Emmanuel Kaye Foundation.
Thirteen business schools from throughout Europe participated in the competition, more than ever before. Among them were:
The Athens Laboratory of Business Administration (Greece), Cranfield School of Management (UK), EM Lyon (France), Helsinki University of Technology (Finland), IESE Business School (Spain), IMC Graduate School of Business (Hungary), The Management School, Imperial College (UK), INSEAD (France), London Business School (UK), Rotterdam School of Management (the Netherlands), SDA Bocconi (Italy), Stockholm School of Economics (Sweden), and WHU Otto Beisheim Graduate School of Management (Germany).