UNC Kenan-Flagler Business School

Shaping Leaders, Driving Results

UNC Kenan-Flagler Business School

MEDIA RELEASE


UNC Kenan-Flagler hosts global VCIC championship

4/8/2014

The premier competition for venture-minded and entrepreneurial MBA students will hold its global championship April 10-12 at UNC Kenan-Flagler Business School.

MBA student teams from around the world will convene in Chapel Hill with entrepreneurs and venture capitalists to vie for the 17th annual Venture Capital Investment Competition® (VCIC). They are the winners of 11 regional events in the United States, Spain, England, India and China.

VCIC simulates the entire investment process. Students play the role of venture capitalists, hear pitches from real entrepreneurs, evaluate deals and invest in the most compelling business plan. Venture capitalists observe and judge the whole process.

“This is not a business plan competition. We focus on teaching students about financing new ventures, and the most effective way to do that is give them exposure to and experience with the best deals and investors,” said Patrick Vernon, VCIC director and executive director of the Center for Entrepreneurial Studies at UNC Kenan-Flagler. “It is a very powerful learning experience for students and entrepreneurs alike. Entrepreneurs connect with investors and VCs get an early peek at viable deals.”

VCIC features a network of 50 events on three continents before it culminates in Chapel Hill.

Competing at the global championship will be teams from the business schools at Brigham Young University, Columbia University, Boston College, University of California Berkeley, Yale University, University of Colorado Boulder, Oxford University, China Europe International Business School (CEIBS), Copenhagen Business School, Nanyang Technological University and UNC-Chapel Hill.

Started in 1998, the internationally recognized program serves over 1,500 individuals each year—1,200 MBA students from 60 top business schools, 175 venture capitalists and 125 entrepreneurs.

For more information, visit http://www.vcic.unc.edu/. Register to attend at www.vcic.org/globe.