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Student ‘business brains’ announced

Students with the best brains for business were rewarded today by the University of St Andrews (Friday 30th April 2004).

The University announced the winners of their Student Business Plan – a competition which offered a prize fund of £10,000 in return for creative, innovative and commercially viable new business start-up ideas from students of the University.

The Competition ‘Quantum Leap 2004 – Accelerating Enterprise’ was open to all undergraduates and postgraduates in the Faculties of Science and Arts for business ideas in the areas of Service/Lifestyle or Science/Technology.

From over 25 teams who submitted a plan, the final saw 8 teams fight for the winning awards. The plans were judged by a panel consisting of representatives of the University and other business professionals.

The winners were:

Science/Technology Business Idea Competition (Sponsored by Accenture) Winner & 1st Prize: CenTower¿ by Ducartis¿ Reinhard Hoell, Marc Peter Thomson, Paul Richard Weyers – £2,000

Runner-up Prize: Net Inspired, Philip John Rae – £1,000

Service/Lifestyle Business Idea Competition (Sponsored by The Entrepreneurial Exchange)

Winner & 1st Prize: Fraîche Thomas Marc Bohné, Elizabeth Rytterager, Bryan Watson – £2,000

2nd Prize: S.A.C. Sound Allan Paul Boyd, Niels Christian Dybdahl Ovesen, Siddarth Ramesh Ramnani – £1,000

3rd Prize: Fibannacci’s Healthy Fast Food Matthew Kaczynski – £500

Student Societies Investment Stream (Sponsored by Student Enterprise at the University of St Andrews)

Winner & 1st Prize: Innovate – why work for someone else, The Entrepreneurship Society

Athletic Union Sports Club Investment Stream, Sponsored by Student Enterprise at the University of St Andrews

Winner & 1st Prize of £500: The University of St Andrews Netball Club

2nd Place Runner-up of £250: The University of St Andrews Men’s Football Club

3rd Place Runner-up of £125: The University of St Andrews Boat Club

Commendation Award of £75: The University of St Andrews Sub Aqua Club

Commendation Award of £50: The University of St Andrews Skydiving Club

OTHER PRIZES

Blackadders Solicitors Legal Advice Award (Science/Technology Stream) CenTower¿ by Ducartis¿

Blackadders Solicitors Legal Advice Award (Service/Lifestyle Stream) Fraîche

Lloyds TSB Scotland Best Business Plan Award: Fibannacci’s Healthy Fast Food – £150

Clydesdale Bank Most Innovative Idea Award: CenTower(TM) by Ducartis(TM) – £150

John Smith & Son Commendation Awards – All receive £50 Gift Token: International Driving Education Gorufusushi Tang Dolls Co. Ltd. MLE Pyrotechnics Top Notch

Organiser of the event, Christopher Venditozzi, the University’s Student Enterprise Officer, said:

“Yet again the students have shown that the spirit of enterprise is truly alive and flourishing here at St Andrews. The high quality of entries received and the professionalism demonstrated at the Elevator Pitch and Value Proposition stage confirmed that this year’s objective of creating high quality, sustainable business’s is likely to be achieved.”

Christopher’s post is part-funded by the Scottish Institute for Enterprise (SIE) and Scottish Enterprise Fife (SEF). Since its launch, SIE has helped over two dozen companies emerge from Scottish universities and, through its network of professionals in each of Scotland’s 13 universities, provides a variety of high-quality professional services to start-up’s.

NOTE TO EDITORS:

Weblinks: http://www.st-andrews.ac.uk/sie.

ENDS

Issued by Beattie Media On behalf of the University of St Andrews Contact Gayle Cook on 01334 467227, mobile 07900 050103, or email gec3@st-andrews.ac.uk Ref: Business Plan Awards ANNOUNCEMENT pr 300404.doc View the latest University news at http://www.st- andrews.ac.uk/extrel/press.htm

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