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Global Student Competition Initiates Outpouring of Entrepreneurial Ideas
Students Have Four Days to Create Maximum Value From Water Bottles
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WASHINGTON, DC -- (Marketwire) -- 11/13/08 -- The organizers of the first-ever GlobalEntrepreneurship Week today announced the launch of the Global InnovationTournament. The competition invites student teams around the world tocreate as much value as possible from a common, everyday object in onlyfour days and present their results in videos posted to YouTube. Themystery object, Water Bottles, was unveiled tonight at 9 p.m. EST. Studentshave gone to work and will submit their videos on Nov. 17, the first day ofGlobal Entrepreneurship Week.
The Global Innovation Tournament is a fast and furious "Apprentice-style"competition that encourages students to work in teams, challengeassumptions, seize opportunities and be creative. Most of all, it givesthem a taste of what it's like to be entrepreneurial by creating valuewhile working with constraints, such as limited time and resources.
Past versions of this competition involved Post-It Notes® and rubber bands,with which teams raised and donated money, composed music, helped thedisabled, made political statements and educated children. Results from thefirst Global Innovation Tournament were so inspirational that a documentaryfilm crew from Infinite Loop Media captured them in a documentary filmreleased earlier this year, "Imagine It!" It is available for free, onlineviewing or can be downloaded at www.imagineitproject.com.
The competition is being conducted by the Stanford Entrepreneurship Network(SEN), which is a federation of more than 18 organizations across StanfordUniversity that are related to entrepreneurship. SEN programs, includingthe competition, are sponsored by Deloitte. (http://sen.stanford.edu)
More than 61 institutions in more than 14 countries are participating inthe Global Innovation Tournament. Local hosts are conducting thecompetition in their respective areas and will submit local winners toStanford University, who will then coordinate global judging. The localwinners in most locations will be announced on Wednesday, Nov. 19, andglobal winners will be announced online on Friday, Dec. 5, onwww.unleashingideas.org and http://eweek.stanford.edu.
This competition is only the beginning of thousands of celebrations thatwill mark Global Entrepreneurship Week, Nov. 17-23, which is co-founded bythe Ewing Marion Kauffman Foundation in the United States and Make YourMark in the United Kingdom. More than 75 countries are preparing a varietyof innovative activities and challenges.
"The enthusiasm for this creativity is contagious. It is exciting to seethe buzz that is being generated around this first-ever globalcelebration," said Jonathan Ortmans, president of Global EntrepreneurshipWeek.
Student and potential host organizations interested in participating in theGlobal Innovation Tournament can learn more athttp://www.unleashingideas.org/globalinnovation.
To learn more about Global Entrepreneurship Week, visitwww.unleashingideas.org.
About Global Entrepreneurship Week
With the goal to inspire young people to embrace innovation, imaginationand creativity, Global Entrepreneurship Week will encourage youth to thinkbig, turn their ideas into reality, and make their mark. From Nov. 17-23,2008, millions of young people around the world will join a growingmovement to generate new ideas and seek better ways of doing things.Thousands of activities are being planned in more than 75 countries aroundthe world. Global Entrepreneurship Week is: founded by the Ewing MarionKauffman Foundation and the Make Your Mark campaign; sponsored by NYSEEuronext, IBM and Ernst & Young; and, supported by JA Worldwide, Endeavor,Entrepreneurs' Organization, DECA, YPO-WPO, National Foundation forTeaching Entrepreneurship, Young Americas Business Trust, YES - EuropeanConfederation of Young Entrepreneurs, Department for Business Enterprise &Regulatory Reform, AIESEC, Youth Employment Services, The Prince's YouthBusiness International. To view a complete list of participating countriesand organizations or to learn more, visit www.unleashingideas.org.
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Sarah Brewstermedia representative(816) 842-8111Email Contact
Past versions of this competition involved Post-It Notes® and rubber bands,with which teams raised and donated money, composed music, helped thedisabled, made political statements and educated children. Results from thefirst Global Innovation Tournament were so inspirational that a documentaryfilm crew from Infinite Loop Media captured them in a documentary filmreleased earlier this year, "Imagine It!" It is available for free, onlineviewing or can be downloaded at www.imagineitproject.com.
The competition is being conducted by the Stanford Entrepreneurship Network(SEN), which is a federation of more than 18 organizations across StanfordUniversity that are related to entrepreneurship. SEN programs, includingthe competition, are sponsored by Deloitte. (http://sen.stanford.edu)
More than 61 institutions in more than 14 countries are participating inthe Global Innovation Tournament. Local hosts are conducting thecompetition in their respective areas and will submit local winners toStanford University, who will then coordinate global judging. The localwinners in most locations will be announced on Wednesday, Nov. 19, andglobal winners will be announced online on Friday, Dec. 5, onwww.unleashingideas.org and http://eweek.stanford.edu.
This competition is only the beginning of thousands of celebrations thatwill mark Global Entrepreneurship Week, Nov. 17-23, which is co-founded bythe Ewing Marion Kauffman Foundation in the United States and Make YourMark in the United Kingdom. More than 75 countries are preparing a varietyof innovative activities and challenges.
"The enthusiasm for this creativity is contagious. It is exciting to seethe buzz that is being generated around this first-ever globalcelebration," said Jonathan Ortmans, president of Global EntrepreneurshipWeek.
Student and potential host organizations interested in participating in theGlobal Innovation Tournament can learn more athttp://www.unleashingideas.org/globalinnovation.
To learn more about Global Entrepreneurship Week, visitwww.unleashingideas.org.
About Global Entrepreneurship Week
With the goal to inspire young people to embrace innovation, imaginationand creativity, Global Entrepreneurship Week will encourage youth to thinkbig, turn their ideas into reality, and make their mark. From Nov. 17-23,2008, millions of young people around the world will join a growingmovement to generate new ideas and seek better ways of doing things.Thousands of activities are being planned in more than 75 countries aroundthe world. Global Entrepreneurship Week is: founded by the Ewing MarionKauffman Foundation and the Make Your Mark campaign; sponsored by NYSEEuronext, IBM and Ernst & Young; and, supported by JA Worldwide, Endeavor,Entrepreneurs' Organization, DECA, YPO-WPO, National Foundation forTeaching Entrepreneurship, Young Americas Business Trust, YES - EuropeanConfederation of Young Entrepreneurs, Department for Business Enterprise &Regulatory Reform, AIESEC, Youth Employment Services, The Prince's YouthBusiness International. To view a complete list of participating countriesand organizations or to learn more, visit www.unleashingideas.org.
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Sarah Brewstermedia representative(816) 842-8111Email Contact
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