December 05, 2001

International Start-up Firms Vie for Funding at UCLA Anderson School Forum, Dec. 6-8

Los Angeles — Sixteen international start-up companies, assisted by teams of MBA students, will present business models to about 350 potential investors, strategic partners, and invited guests during UCLA Anderson's International Venture Funding Forum, set on Friday and Saturday, Dec. 8-9.

The forum, which marks the end of a six-month collaboration between the firms and UCLA Anderson students, will take place from 9 a.m. to 6 p.m. each day at UCLA Anderson's Korn Convocation Hall, 110 Westwood Plaza in Los Angeles.

The 16 firms are participating in UCLA Anderson's Global Access Program, in which about 70 fully-employed MBA students prepare business plans for these global start-ups as part of the students' international field study coursework.

The companies-comprised of six Finnish, three French, three Chilean, three Australian and one American-will present their business plans to investors, venture capitalists, and experts in technology, marketing and strategic partnerships. After each presentation, the firms will be asked questions by review panels comprised of experts and investors to determine the viability of the business models.

"The program is a unique opportunity to combine world-class science and technology with the entrepreneurial talents and networks of UCLA Anderson," said Alan Carsrud, director of the Global Access Program and senior lecturer in global economics and management.

The Global Access Program links UCLA Anderson faculty and students with entrepreneurs across the globe. The students research and develop business and strategic marketing plans for the fledgling companies, gleaning valuable experience in entrepreneurship and securing venture capital. Meanwhile, the firms benefit from the students' work, as well as the opportunity to present their ideas to hundreds of potential investors and venture capitalists during the forum. Last year's event generated 37.5 million euros in investment capital for the firms participating.

About 350 people representing over 65 firms are expected to attend the presentations and networking events throughout this year's conference. Additionally, potential investors and partners throughout the world will be able to view the presentations through a Web cast, which will be posted on Dec. 8 at 6 p.m. on The Global Access Program's home page.

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