1st Runner-Up Award for the ALBA Team at the European Business Plan Of The Year Competition 2006!

Wednesday, 14/06/2006

The ALBA 'CURVE DYNAMICS' Team won the 1st Runner Up Award at the EUROPEAN BUSINESS PLAN OF THE YEAR COMPETITION 2006, which took place on June 7-8 2006, at the Rotterdam School of Management (Erasmus University-Netherlands). It is noteworthy that ALBA had also won the 1st Prize at the European Business Plan of the Year Competition 2003 and 2005.

The European Business Plan of the Year Competition was jointly created by INSEAD and London Business School in 1993 to encourage the teaching of entrepreneurship and the creation of new ventures. Now it has become an independent Foundation jointly 'owned' by the participating schools. 

The 'CURVE DYNAMICS' Team consisting of students of the full-time MBA Georgia Mavraki, Angeliki Menagia, Ilias Pitsavos, Nikolaos Roukas, and Goce Serafimov, made an outstanding impression at the competition by presenting a solid and innovative business plan.  'CURVE DYNAMICS Ltd' provides a revolutionary solution to the problem of car safety, through the patent-protected Curved Gears Differential, a completely innovative design of a highly efficient mechanism, with low complexity and fuel consumption that promises to increase performance and safety of every vehicle. At the same time, the low production cost offers an important competitive advantage since it makes it applicable to every type of vehicle. The team was supervised by Dr. Vasilis Theoharakis, Associate Professor of Marketing & Entrepreneurship. The product, which is based on a pioneering kinematical theory, was designed, developed and tested in cooperation with NTUA Vehicle Laboratory, through the cooperation of Dr. Konstantinos Spentzas, Professor at the Department of Mechanical Engineering & Director of the NTUA Vehicle Laboratory, and the inventor Mr. Theodore Tsiriggakis.  

The following business schools participated in the 2006 competition (alphabetical order): ALBA (Greece), SDA BOCCONI (Italy), Cranfield School of Management (UK), EM LYON (France), The Management School/Imperial College (UK), INSEAD (France), London Business School (UK), Rotterdam School of Management (The Netherlands), SSES- Stockholm School of Entrepreneurship (Sweden), Vlerick Leuven Gent Management School (Belgium), και WHU Koblenz- Otto Beisheim Graduate School of Management (Germany).

In the 2006 Competition, the 1st Prize was awarded to the 'FASSHE' team from the Stockholm School of Entrepreneurship, a team that has already formed a company and has won several entrepreneurship competitions.

ALBA:
-is the only School that has won 2 first prizes in the last six years.
-is the only Greek institution that participates at the competition
-along with London Business School, are the only Schools that have made it to the final stage the last six consecutive years.

The ALBA faculty and staff wish to congratulate the 'CURVE DYNAMICS' team for their hard work, enthusiasm and commitment.