The ALBA 'BIOCYCLE Ltd' Team won the first prize at the EUROPEAN BUSINESS PLAN OF THE YEAR COMPETITION 2003, which took place on June 12-13 2003, at the Rotterdam School of Management - Erasmus University Graduate School of Business (Netherlands).
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 ALBA 'BIOCYCLE Ltd' Team of Dimitris Analytis, Irini Athanasopoulou, Costas Georgiou, Diana Fernandez-Costales and Tina Moutzouri, made an outstanding impression at the competition by presenting a solid and innovative business plan for the treatment of agricultural waste through a biotechnological method and transformation of waste into nutrition supplements for human, pets and farm animals. The team was supervised by Dr. Vasilis Theoharakis, Assistant Professor of Marketing & Entrepreneurship.
ALBA is still the only Greek institution that participates at the competition and is one of the four Business Schools (along with INSEAD, The Management School/Imperial College and London Business School) that has made it to the final stage the last three consecutive years.
This great success of our students has even greater symbolic value not only for ALBA but also for Greece! ALBA is particularly proud because prior to this year's competition, it has also been selected to host the EUROPEAN BUSINESS PLAN COMPETITION 2004 in Athens, in June 2004, and Dr. Theoharakis has been elected Chairman of the Board of the EUROPEAN BUSINESS PLAN COMPETITION FOUNDATION.
The ALBA faculty and staff wish to congratulate the 'BIOCYCLE Ltd' team for their hard work, enthusiasm and commitment.