November 25, 2002
Start-up Firms Vie for Funding at International Venture Forum at The Anderson Schools at UCLA
Los Angeles — Twenty-three international start-up companies, assisted by teams of MBA students, will present business plans and models to about 350 potential investors, strategic partners, and invited guests during the upcoming International Venture Forum at UCLA Anderson.
The International Venture Forum, which wraps up a six-month collaboration between the participating firms and UCLA Anderson MBA students, will take place on Saturday, Dec. 7, 2002, at UCLA Anderson's Korn Convocation Hall.
The forum is part of the school's Global Access Program (GAP), in which about 110 MBA students from the school's Fully Employed MBA (FEMBA) program prepare business plans for these 23 global start-ups as part of their international field study coursework. The companies represent various geographies from around the world and include:
8 Finnish firms
6 Australian firms
3 Chilean firms
2 French firms
2 Italian firms
1 Mexican firm
1 Austrian firm
These 23 companies 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 Dr. Alan Carsrud, GAP director and senior lecturer in global economics and management.
The Global Access Program links the school's 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 in 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. Participating students are employed full time and have an average of five years of work experience, bringing significant expertise to the participating organizations.
More specifically, GAP and the International Venture Forum benefit UCLA Anderson students by enabling them to:
Integrate, apply and extend the FEMBA curriculum in the context of a hands-on, top-level business consulting experience.
Develop business research skills that will be helpful to supporting business decision-making.
Utilize team processes and efforts to accomplish a large, complex and challenging business problem.
Employ state-of-the-art web-based communications and project management tools.
The participating firms benefit from the opportunity to:
Obtain significant expertise in developing their business strategy and marketing plans.
Establish business relationships with potential investors and business partners.
Some 350 people representing more than 65 firms are expected to attend the presentations and networking events throughout this year's International Venture Forum. Additionally, potential investors and partners throughout the world will be able to view the presentations through a Web cast at a later date.
For a schedule of this year's schedule of activities, please click the following link: GAP International Venture Forum 2002 Schedule
About UCLA Anderson
UCLA Anderson is perennially ranked among the top-tier business schools in the world. Award winning faculty renowned for their research and teaching, highly selective students, successful alumni and world-class facilities combine to provide an extraordinary learning opportunity. Established in 1935, UCLA Anderson provides management education to more than 1,300 students enrolled in full-time, part-time and executive MBA programs and academic master's and Ph.D. programs.
UCLA Anderson's faculty includes outstanding educators and researchers who share their scholarship and expertise in such fundamental areas as finance, marketing, accounting, business economics, decisions, operations and technology management, human resources and organizational behavior, information systems, strategy and policy.
Recognizing that the school offers unparalleled expertise in management education, the world's business community turns to UCLA Anderson as a center of influence for the ideas, innovations, strategies and talent that will shape the future.