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Local High School Students Compete in Junior Achievement of New York's First-Ever Business Plan Competition
New York City High School Students Learn the Importance of Entrepreneurialism in a Global Economy

May 15, 2008 - Aspiring student entrepreneurs from six New York City area high schools will compete Monday, May 19 in a city-wide final competition of the first Junior Achievement of New York (JANY) Business Plan Competition sponsored by G.C. Andersen Partners LLC. The event will take place at Columbia Business School from 10am-3pm. The competition is designed to engage students in entrepreneurial thinking and cultivate their interest in business entrepreneurialism as a successful path to economic and social empowerment.

Six student finalist teams will pitch innovative business plans to a prestigious panel of business experts and entrepreneurs. Plans will be judged using criteria to measure the merit and strength of the idea, the innovation and feasibility of the plan and the strength of each team's presentation. The first and second place teams from the city-wide event will be awarded post-secondary school scholarships provided by JANY Board Member/JA Alum, G. Chris Andersen, Founding Partner of G. C. Andersen Partners, LLC.

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Brooklyn Tech HS students won Junior Achievement of New York's first ever Business Plan Competition sponsored by G. C. Andersen Partners LLC. The competition model was pioneered by KMPG in one of their partner school, the HS of Art & Design, five years ago and has been adopted and restructured by Junior Achievement as a city-wide event. The winning team received a Rising Star of Enterprise trophy for their school and post secondary scholarships in the amount of $3,000 each. Top row L-R: Students Charles Naught, Francesco Nuccio, HSBC volunteer advisor Vieng Vongnarath, students Kyle Wong, Awad Sayeed, Izra Izrailov and judge Michael Ehrlich, Assistant Professor, NJ Institute of Technology; Bottom row L-R: Fred Nazem, Founding & Managing Partner, Nazem & Company, Anthony Viscogliosi, JANY Board Member/ JA Alum & Principal, Viscogliosi Bros., LLC, Sharon Joseph, CEO Harlem Lanes/ JA Alum & Columbia Business School Alum, Chris Andersen, JANY Board Member/ JA Alum and Founding Partner of the sponsor company, G. C. Andersen Partners LLC, Tom Blum, Partner, G. C. Andersen Partners LLC.

"The JANY Business Plan brings these remarkable students and their unique ideas together with dynamic business leaders. Through the generous support of our sponsor, G. C. Andersen Partners, the goal of this competition is to open up the minds of young people to their limitless potential by helping them dream bigger dreams," said Doug Schallau, President of Junior Achievement of New York.

Over an eight-week period, each school was partnered with corporate volunteer advisors from Citi, HSBC, KPMG and PricewaterhouseCoopers. Drawing on their own experiences in the corporate world, the volunteers helped students develop business plans for an innovative product or service, including a company description, mission, marketing strategy and financial plan. An initial round of competition produced one team from each of the participating schools to compete in the final city-wide competition.

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Baruch College Campus HS students tied for second place in the JANY Business Plan Competition. Students received a Rising Star of Enterprise trophy for their school and $1,300 post secondary school scholarships presented by sponsor company, G. C. Andersen Partners LLC. L-R Top Row: Students Marcus Wolfe, Peng Lin, Jessica Lam, Cynthia Mai, Dachi Chkadua, PricewaterhouseCoopers volunteer advisor, and judge Michael Ehrlich, Assistant Professor, NJ Institute of Technology; Bottom Row L-R: Fred Nazem, Founding & Managing Partner, Nazem & Company, Anthony Viscogliosi, JANY Board Member/ JA Alum & Principal, Viscogliosi Bros., LLC, Sharon Joseph, CEO Harlem Lanes/ JA Alum & Columbia Business School Alum, Chris Andersen, JANY Board Member/ JA Alum and Founding Partner of the sponsor company, G. C. Andersen Partners LLC, Tom Blum, Partner, G. C. Andersen Partners LLC.

"We're committed to making education relevant to young people. Our goal is to connect education, inspiration and ingenuity with opportunity and access in the business world to prepare young people to compete successfully in a global economy," said Chris Andersen.

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Jacqueline Kennedy Onassis HS students tied for second place in the JANY Business Plan Competition. Students received a Rising Star of Enterprise trophy for their school and $1,300 post secondary school scholarships presented by sponsor company, G. C. Andersen Partners LLC. L-R Top Row: JKO educator, Susan Vaccaro, students Paul DelCastillo, Nia Farmer, Peter Lulgjuraj and judge Michael Ehrlich, Assistant Professor, NJ Institute of Technology; Bottom row L-R: Fred Nazem, Founding & Managing Partner, Nazem & Company, Anthony Viscogliosi, JANY Board Member/ JA Alum & Principal, Viscogliosi Bros., LLC, Sharon Joseph, CEO Harlem Lanes/ JA Alum & Columbia Business School Alum, Chris Andersen, JANY Board Member/ JA Alum and Founding Partner of the sponsor company, G. C. Andersen Partners LLC, Tom Blum, Partner, G. C. Andersen Partners LLC.

Three hundred students participated from Brooklyn Technical High School in Brooklyn, Long Island City High School in Astoria, and Graphic Communication Arts High School, The High School of Art & Design, Jacqueline Kennedy Onassis High School and Baruch College Campus High School in Manhattan.

The panel of judges includes G. Chris Andersen, Founding Partner, G. C. Andersen Partners, LLC; Tony Viscogliosi, Principal, Viscogliosi Bro., LLC; Tom Blum, Partner, G.C. Andersen Partners, LLC; Fred Nazem, Managing Partner, Nazem and Company; Sharon Joseph, President and CEO Harlem Lanes, Columbia University Business School Alum/JANY Alum and entrepreneur; and Michael Erlich, Professor of Finance at the School of Management, New Jersey Institute of Technology.

Clifford Schorer, Entrepreneur in Residence/Adjunct Professor for The Entrepreneurship Program - Columbia Business School, comments, "The Junior Achievement Business Plan Competition is an example of entrepreneurism in action. By providing young people with a forum to engage in real world business experiences, Junior Achievement is providing a greenhouse environment to nurture the next generation of business leaders and innovators."

JANY programs are designed to inspire young adults by creating educational opportunities for New York City students that are grounded in real world experiences. The business plan competition highlights the importance of entrepreneurial thinking as an important skill to develop innovative and creative solutions for solving everyday problems. Moreover, JANY's programs help prepare students to be successful in a global economy and promote entrepreneurship that creates jobs and wealth.

About Junior Achievement of New York
Founded in 1929, Junior Achievement of New York, Inc. (JANY) is the New York affiliate of Junior Achievement Worldwide, the world's largest and fastest-growing organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, JANY provides in-school and after-school programs for students in grades K-12. JANY's educational programs focus on three key content areas-The Three Pillars of Student Success: Financial literacy, entrepreneurship, and work readiness. Last academic year, JANY's in-school and after-school programs served nearly 93,085 students in the NYC and Long Island geographic area. Today, Junior Achievement Worldwide reaches approximately 8 million students globally. For more information, visit www.jany.org.

 

 

 
 
 
 
 


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