May 16, 2008

By Roey Gilberg

UCLA Anderson is set for the 2008 Knapp Venture Competition presented by the Harold and Pauline Price Center for Entrepreneurial Studies.  The student-run event gives students with concrete business plans an opportunity for experiential learning in venture initiation, with the added bonus of prize money awarded to the five finalists.

The finale will take place at 5pm Wednesday, May 21st in Korn Hall, the culmination of an extended process that began with team formations in winter quarter, before kicking into high gear when teams first submitted their business plans in early April.

Contestants will present their ideas in front of a panel of judges, composed largely of venture capitalists and successful entrepreneurs, many of whom are Anderson alumni.  Cash prizes include $15,000 for the 1st place winner; the five finalists will take home a total of over $31,000.  In addition to the monetary rewards, the presence of numerous venture capitalists at the finals provides competitors with valuable exposure for their budding enterprises.

This year's finalists include Crazy Cart, a venture offering a zero-resistance drift cart; CityMedia, an India-based chain of media and entertainment zones; Float, an online personal finance tool; Perseus Medical, offering solutions for endoscopic procedures; and Synlixir Therapeutics, Inc., a biotech initiative.

Last year, the Knapp winner was Tastination, a distinctive tour company and Web portal that helps variety-seeking individuals and food lovers discover authentic ethnic cuisine in social settings.

Knapp is open to the public. Presentations will be followed by a reception and the winner announcements in the Entrepreneurs Hall atrium at 9:00 pm.

For more information, click here.

About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the very best business schools in the world.  UCLA Anderson faculty are ranked #1 in "Intellectual Capital" by BusinessWeek and are renowned for their teaching excellence and research in advancing management thinking. Furthermore, the finance faculty is ranked #1 in research publications in the four leading peer-reviewed journals by the Financial Management Association. Each year, UCLA Anderson provides management education to more than 1,600 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs.  Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 35,000 alumni, UCLA Anderson develops and prepares global leaders.

Media Relations