Welcome!

News Feed Item

Honey Bee Rental Company Wins 2013 China Business Plan Competition

University of Maryland's Smith School of Business and Peking University's Guanghua School of Management Host 8th Annual Event

COLLEGE PARK, Md., Jan. 10, 2013 /PRNewswire-USNewswire/ -- MBA students with the best pitches for China businesses won $10,000 in cash prizes Tuesday from the University of Maryland's Robert H. Smith School of Business in the 2013 China Business Plan Competition. The annual competition is organized by the Smith School's Dingman Center for Entrepreneurship and host partner, Peking University's Guanghua School of Management in Beijing. Students from the Smith School traveled to Beijing to compete with teams from five Chinese universities. Two teams from Smith's Israel partner school, the Technion Israeli Institute of Technology, also travelled to China to participate.

Smith School student Yuan He won the competition's top prize of $3,000 with his pitch for Honeymoon Honey, a plan to rent honey bees to farmers and harvest the honey to make cosmetics. The competition, now in its eighth year, was the culmination of a business plan course and study trip to China for Smith MBA students, led by the Dingman Center.

"Innovation and entrepreneurship is an important topic drawing significant attention from governments and business schools around the world. The capabilities of innovation and entrepreneurship are particularly important for China, which is undergoing a key period of overall economic transition," said Hongbin Cai, dean of Peking University's Guanghua School of Management. "Leading the edge of innovation and entrepreneurship education in business schools, the China Business Plan Competition hosted by Guanghua School of Management in collaboration with the University of Maryland's Robert H. Smith School of Business manages to enhance the communication of innovative ideas and cultivate entrepreneurial practices."

"We are committed to providing MBA students with hands-on global learning opportunities and this competition has been a hallmark of that pledge, as students take advantage of the wealth of entrepreneurial opportunities in China's flourishing economy," said G. "Anand" Anandalingam, dean of the Robert H. Smith School of Business. "We are pleased to continue our partnership with the Guanghua School of Management to offer this rich learning experience to our students and students in China and Israel. Regardless of their home country, MBA students benefit from exploring entrepreneurial ventures in new markets."

Each finalist team was tasked with pitching a plan for a venture that would do business in China or leverage Chinese resources in some way. Second place and $2,000 went to Love-Link, a plan for a company that addresses vegetable food safety from a team from Tianjin University. A team from Zhejiang University won third place ($1,000) with its pitch for SmartWheel, a high-tech wheel chair. Additional finalist teams were recognized and earned smaller cash prizes. Judges included Smith School and Dingman Center leaders, and entrepreneurial experts from China.

The competition was the highlight of the Smith students' week of exploring venture creation and global operations in China's rapidly evolving economy. The trip was the conclusion a three-credit course on global learning experiences led by J. Robert Baum, associate professor of entrepreneurship. The trip also included meetings with successful local entrepreneurs and visits to multinational corporations' manufacturing facilities to better understand the Chinese market.

In addition to leading study trips to China, the Smith School also offers an executive MBA degree program in Beijing with partner the University of International Business and Economics. In both its China and U.S. programs, entrepreneurship is a key area of focus for the Smith School. The school is internationally known for its entrepreneurship research and programs, ranking among the best in the world for its offerings, according to U.S. News & World Report and the Financial Times.

About the Dingman Center for Entrepreneurship
The Dingman Center has been at the forefront of entrepreneurship education and practice for more than 25 years. The Center's primary activities include helping students build their ventures, creating experiential learning opportunities and providing regional entrepreneurs with access to capital. Key programs for University of Maryland students include Pitch Dingman, weekly walk-in sessions to pitch business ideas to experienced entrepreneurs for feedback, Cupid's Cup, an annual business competition sponsored by Under Armour founder Kevin Plank, and the China Business Plan Competition, an annual competition and global studies trip in partnership with Peking University. Within the region, the Center operates Dingman Center Angels, the area's most active angel investor network with more than 40 members and 30 companies funded since 2005. More information is available at www.rhsmith.umd.edu/dingman.

About the Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, MS in business, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

Contact: Carrie Handwerker, 301-405-5833, [email protected]

SOURCE University of Maryland's Robert H. Smith School of Business

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...