Venture 2002 Business Plan Competition

Monday, 17/06/2002

ALBA students won two out of the three awards in the third (final) round of the VENTURE 2002 Business Plan. This final round of the competition and the prize-giving ceremony took place on June 12, 2002 in the presence of the Minister of Economics & Finance Mr. Christodoulakis. In total, eight ALBA teams participated in the various stages of the competition receiving seven awards. ''We are very proud for the achievements of our students that demonstrate their committment to top quality and determination to excel'', said Dean Travlos that congratulated all participating teams.

More specifically, the two winning teams for the third round are:

  • ''Milkland S.A.'' (2nd prize) with members Gela Adeishvili, Christos Alevizos, Efterpi Effraimidi, Nikoloz Grdzelidze and Kosmas Nikolaidis; the plan proposes the production of fresh pasteurised milk and diary products in Georgia
  • ''Beach 'n Billboard Hellas'' (3rd prize) with members Aggeliki Cherra, Nikos Kontos, Dimitris Miniotis, Ioannis Tsantilas and Antonis Vogiatzis; the plan suggests the establishment of an environmental friendly advertising company

The winning prize was awarded to the National & Kapodistrian University of Athens. The other three institutions to reach the finals were: University of Athens, Athens University of Economics & Business, and the University of Patras.

The VENTURE 2002 Business Plan Competition was co-organised by

  • the Federation of Greek Industries (SΕV)
  • the Union of Greek Entrepreneurs (EENE)
  • the Joint Masters Program in Engineering Economics of the National Technical University of Athens, the University of Piraeus and the National and Kapodistrian University of Athens, and
  • McKinsey & Company.

The objective of the VENTURE 2002 Business Plan Competition was to achieve a lasting enhancement of the business start-up process. It aims at motivating students and young entrepreneurs in setting up their own business, and to support them in doing so with valuable tools and events, with the input of competent coaches, feedback from qualified jurors, and support from an Advisory Board comprised of prominent members of the Greek business and academic communities.

The three winning teams of the final round received a total amount of GRD 3.000.000 (EURO 8,805).