Student business plan from the Eller College's McGuire Entrepreneurship Program selected as finalist in national 2004 Spirit of Entrepreneurship and Enterprise Development business plan competition
TUCSON, Ariz. - Jan. 15, 2004 - The University of Arizona's Eller College of Business and Public Administration announces that a student team from its undergraduate program in entrepreneurship was selected as a finalist in the prestigious national 2004 Spirit of Entrepreneurship and Enterprise Development business plan competition, known as SEED. The team of undergraduate students was selected as one of eight finalists from the country's leading entrepreneurship programs—both graduate and undergraduate.
The business plan titled "Leading Lazonics: Wavelength Tunable Laser" is authored by Eller College undergraduate entrepreneurship students Bradley Chusid, Julie Hughes, and Rahim Hussian. The business plan based upon investment quality was developed in partnership with The University of Arizona's Office of Technology Transfer and the Principal Investigators of the product, Dr. Yakov Sidorin, adjunct assistant research professor and Dr. Dennis Howe, research professor, both of The University of Arizona's Optical Sciences. The "Leading Lazonics" plan brings to market The University of Arizona-patented wavelength-tunable diode laser to explore potential application in the fiber-to-home market.
Interim Dean of the Eller College, Kenneth R. Smith, commented, "This plan is a great example of the partnerships that the Eller College continues to build to advance technology and management University-wide." In this case, the innovative business plan created by students of the McGuire program was in partnership with The University of Arizona's Office of Technology Transfer and the renowned program in Optical Sciences. Graduates of Eller College's entrepreneurship program, ranked #11th by U.S. News & World Report, have successfully launched numerous technology solutions into the marketplace.
"Graduates of the entrepreneurship program start more new businesses, develop more products, and are more likely to be involved in high technology endeavors than their peers. Companies look to hire individuals who have proven experience developing innovative business products, services, and plans. This competition gives us another avenue to prepare our students to meet the needs of today's business innovators," said Gary Libecap, Director, McGuire Entrepreneurship Program at the Eller College of Business and Public Administration.
The Eller College "Elite 8" team will present to a panel of judges on February 20th in Santa Barbara, California. The competition is sponsored by Santa Barbara-based TechKnowledge Point, provider of new venture research. In addition to the team from The University of Arizona, the "Elite-8" includes teams from the Universities of Colorado, Iowa, Florida, Georgia, Louisville, Wake Forest University, and Columbia Business School.
The McGuire Center for Entrepreneurship is a National Model Program of the United States Association for Small Business and Entrepreneurship and is home to the McGuire Entrepreneurship Program, ranked the #2 public undergraduate and #1 public graduate program in the nation by Entrepreneur magazine and The Princeton Review. Established in 1984, it was one of the first university-based entrepreneurship centers in the country. Today, the Center offers entrepreneurship education for any graduate program at the University of Arizona and reaches more than 1,000 undergraduate students every semester. With courses in business, law, science, engineering, health, medicine, arts, and humanities, the McGuire Center advances the state and regional economy, advances entrepreneurship education nationwide, and teaches life-long problem solving for economic, social, scientific, and environmental progress.
The Eller College of Management at the University of Arizona is internationally recognized for pioneering research, innovative curriculum, distinguished faculty, excellence in management information systems, entrepreneurship, and social responsibility. U.S. News & World Report ranks the Eller undergraduate program #11 among public business schools and two of its programs are among the top 20 — Entrepreneurship and MIS. U.S. News & World Report ranks the Eller MBA Full-Time program #48 in the U.S. The College is among the leaders of business schools generating grant funds for research. In addition to a Full-Time MBA program, the Eller College offers the 25th ranked Evening MBA program, the Eller Executive MBA and the Online MBA. The Eller College of Management supports more than 5,000 undergraduate and 600 graduate students on the UA campus in beautiful Tucson, Arizona, and a satellite campus in Phoenix.
Liz Warren-Pederson, Eller College of Management
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