Faculty of Business Administration hosts CIBC Business Plan Competition
The UNB Faculty of Business Administration played host to the CIBC Business Plan Competition on December 1st and 2nd at the Fredericton Inn and the Wu Centre on the UNB campus. This is the competition’s third year of existence, and first with CIBC involvement.
Teams from all over the Atlantic Provinces competed in the competition, with teams from New Brunswick, Nova Scotia, and Newfoundland and Labrador. Also competing in the competition was a team from the University of Maine at Orono and a team from UNB's RBTT-ROYTEC program in Trinidad and Tobago. Overall 19 teams competed in the event in the BBA, MBA, and Private Sector divisions.
The Halifax Art House team from Dalhousie University, represented by Jeff Livingston and Michael Stricker and Coach David Roach earned the CIBC Grand Prize in the MBA division while the J. Herbert Smith 2nd place prize went to TJK team also from Dalhousie, represented by Todd Shaver, Kevin Buchan, and Jim Gray with David Roach as the team’s coach. Other award winners from the MBA division included the RxAtlantic team of Keith Bailey, Kevin Kelly, and Coach Denis Hanlon from Memorial University of Newfoundland for the ADI Best Financials prize and Zero Gravity of Kara Hachey, Jeff Barrett, and Coach Martin Wielemaker from the University of New Brunswick received the LifeofSports.com prize Best Elevator Pitch.
The CIBC Grand Prize in the BBA division went to IFM Kids from Memorial represented by Maria Edwards, Sheri Gillingham, Melissa Smallwood, Stephanie Smith, and coach Wayne King. The J. Herbert Smith 2nd place prize went to Needle Knowz from Cape Breton University, represented by Steve Latimer, Ryan McGillivary, Sunil Rebelo, Mark Sparrow, and Doug Lionais.
First place in the Private Sector division was awarded to the Consumer Energy Research Corporation from the University of Maine at Orono, represented by Brigham McNaughton, Matthew Rodrique, and Coach Richard Grant. Second place went to Messiah Mailboxes represented by Rick, Matt, and Mark Hunter.
Aside from the competition itself, entrants were treated to speeches from Terry Malley, President of Malley Industries Inc. and from keynote speaker Pete Luckett.