1st RUNNER-UP Award for the ALBA MBA team

The ALBA 'PneumaTech' Team, consisting of students of the Full-Time MBA Program, won the 1st Runner-up Award at the EUROPEAN BUSINESS PLAN OF THE YEAR COMPETITION 2007, among teams from top European Business Schools. It is noteworthy that ALBA had also won the 1st Prize at the European Business Plan of the Year Competition 2003 and 2005.

The Competition took place on June 14-15 2007, at the SDA Bocconi School of Management. The European Business Plan of the Year Competition was jointly created by INSEAD and London Business School in 1993 to encourage the teaching of entrepreneurship and the creation of new ventures. Now it has become an independent Foundation jointly 'owned' by the participating schools. 

The 'PneumaTech' Team consisting of students of the full-time MBA, Apostolos Chouliaras, Flora Christoforou, Rodney Moloko, Thekla Pappa and Dejan Ralupovski, and supervised by Dr. Vasilis Theoharakis, Associate Professor of Marketing & Entrepreneurship, made an outstanding impression at the competition by presenting a solid and innovative business plan. 

The following business schools participated in the 2007 competition (alphabetical order): ALBA Graduate Business School (Greece), EM LYON (France), IESE Business School (Spain), Tanaka Business School, Imperial College London (UK), London Business School (UK), Rotterdam School of Management (The Netherlands), SDA BOCCONI (Italy), Stockholm School of Entrepreneurship (Sweden), Vlerick Leuven Gent Management School (Belgium).

In this year's Competition, the 1st Prize was awarded to the 'The Currency Warehouse' team from the London Business School, whose mission was to provide currency solutions for international students and universities.

ALBA:
along with London Business School, are the only Schools that have won 2 first prizes in the last six years.
is the only Greek institution that participates at the competition
along with London Business School, are the only Schools that have made it to the final stage the last seven consecutive years.

The ALBA faculty and staff wish to congratulate the 'PneumaTech' team for their hard work, enthusiasm and commitment.

For more information on the European Business Plan of the Year Competition you may contact Ms. Lida Komninou, tel: 210-8964531, e-mail: [email protected]